plz dont use excel
. and solve step by step.. for my understanding.
Homework Answers
Ans 9.60%
| FV = | Future Value |
| PV = | Present Value |
| r = | rate of interest |
| n= | no of period |
| FV/ PV = | (1 + r )^n |
| 5000/2000 = | (1 + r%)^10 |
| 2.5 = | (1 + r%)^10 |
| r = | 9.60% |
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plz dont use excel
. and solve step by step.. for my understanding.
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dont use excel solve step by step 5. An investor deposits $100 into his credit union...
dont use excel
solve step by step
5. An investor deposits $100 into his credit union account that pays interest at the rate of 3.25% per year (payable at the end of each year). He leaves the money and all accrued interest in the account for 7 years. How much will he have at the end of the 7 years?
plz answer step by step for my understanding. 16. How many years will take $25,000 to...
plz answer step by step for my understanding.
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I need this answered in Excel step by step please and using the corresponding Excel Functions....
I need this answered in Excel step by step please and using the
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Solve this mathematically, don't use excel! A sinking fund is set up to accumulate $70,000. The...
Solve this mathematically, don't use excel! A sinking fund is set up to accumulate $70,000. The fund pays j1 = 15%. Annual deposits of $5,000 are made to the fund. (a) How much interest does the fund earn during the year between the 5th and 6th deposits? (b) How many $5,000 deposits are required? (c) What is the size of the final smaller deposit? (Explain your answer).
dont use excel
solve step by step
5. An investor deposits $100 into his credit union account that pays interest at the rate of 3.25% per year (payable at the end of each year). He leaves the money and all accrued interest in the account for 7 years. How much will he have at the end of the 7 years?
plz answer step by step for my understanding.
16. How many years will take $25,000 to grow to $120,000 if bank offered rate is 18%. Page 1
I need this answered in Excel step by step please and using the
corresponding Excel Functions.
Clipboard Font Alignment A11 B 1 2 DELFI G H I On June 1, 2008 you invested $2,750 into a stock mutual fund. You then invested $1,750 into that same mutual fund on the first day of June for each of the years 2009 through 2019. You averaged a 7.5% annual rate of return on your investment in this mutual fund. What is the...
Please don't use excel to solve the problems and show your
work.
16.1. (a) Calculate the amount realized at the end of 7 years through annual deposits of $1000 at 10 percent compound interest. (b) What would the amount be if interest were compounded semiannually? 16.2. A young woman purchases a used car. After down payment and allowances, the amount to be paid is $8000. If money is available at 10 percent, what is the monthly payment to pay off...
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