r = [FV / PV]1/n - 1
= [$180 / $42]1/10 - 1
= [4.2857]0.1 - 1
= 1.1567 - 1 = 0.1567, or 15.67%
? 222.22.22.2.2012 400 PM Oiang places the amount of 542 in a special bank account that...
Qiang places the amount of $98 in a special bank account that guarantees to provide $188 in 5 years. What rate of return would Qiang earn on this opportunity?
Suppose that you invest $400 in a bank account that has APR of 6% and it is compounded monthly (12 times a year) If we use the formula F=P*(1 + r), What is the value for "r"? Round all money answers to the nearest cent. If you invest $400 in this account, how much money will you have after 1 month? How much money will you have in your account after 1 year? What is the amount of interest we...
On the day Saffron was born, her parents put $2,500 into an investment account that promises to pay a fixed interest rate of 8 percent per year. How much money will she have in this account when she turns 18? Round to two decimal places. .. At what rate must $311.25 be compounded annually for it to grow to $612.28 in 10 years? Submit your answer as a percentage and round to two decimal places. 3. How much money must...
Question Status: 10 403 PM Purple Rain Company is developing a new technology that has the potential of forever changing the way that vegetables are grown. The initial costs associated with ts manufacturing facility plant and other associaled costs will be $3.1 milion (at the present time) The project is expected to generate only one cash flow of $8.1 million. Given the complexity of the project, the cash infow will not be received unl 10 years from now Caloulate the...
need 22,23,&24 please
Question 22 1 pts 9 years ago you deposited 1,861 into an account. Today that account has a balance of 15,771. If the account offers quarterly compounding, what rate of return did you earn? (enter your response as a percentage with 2 decimal places.ex: 12.34 instead of 0.1234) Question 23 1 pts 12th National bank offers an account paying 11.5% interest compounded 7 times per year. What is the effective interest rate paid by this account? (Enter...
Purple Rain Company is developing a new technology that has the potential of forever changing the way that vegetables are grown. The initial costs associated with its manufacturing facility plant and other associated costs wil be $4.1 million (at the present time) The project is expected to generate only one cash flow of $8.7 million. Given the complexity of the project, the cash inflow will not be received untl 11 years from now Calculate the internal rate of return on...
. On the day Saffron was born, her parents put $800 into an investment account that promises to pay a fixed interest rate of 7 percent per year. How much money will she have in this account when she turns 18? Round to two decimal places. 2. At what rate must $311.25 be compounded annually for it to grow to $612.28 in 10 years? Submit your answer as a percentage and round to two decimal places. How much money must...
Your bank offers 3-year certificates of deposit with a stated rate of interest of 11.82 % p.a., compounded quarterly. Your cousin (who works at Acme Bank and Trust, a competitor) wants to know what stated rate of interest you would require from them in order to switch your business to their bank. Acme's CD's are compounded on a monthly basis. What is the minimum stated interest rate you should ask for from Acme in order to make you indifferent to...
Question 14 (1 point) Question 12 (1 point) Consider the following simplified balance sheet for a bank. Suppose the required reserve ratio decreases from 10 percent to 5 percent. By how much can the bank increase its loans? Provide your answer in dollars measured in thousands rounded to two decimal places. Do not include any symbols, such as "$", "%," or ","in your answer. Suppose the supply of money, measured by M1, is $3.0 trillion, output, measured by real GDP,...
14/1meinti Question 12 (1 point) Suppose the supply of money, measured by M1, is $3.0 trillion, output, measured by real GDP, is $16.6 trillion, and the velocity of money is 6.5. Suppose the supply of money increases to $3.5 trillion but GDP and the velocity of money do not change. What is the percent by which prices change? Provide your answer as a percentage rounded to two decimal places. Do not include any symbols, such as "S, "," "% ,"...