Homework Answers
The formula is A= P(1+r/n) to the power nt
According to this formula we calculate p= A/ (1+r/n) to the power nt.
According to this p= 2500(1+5/100)to the power 8
= 1692
2. According to the above formula hereA= 15000
P=1000
n= 1
t= 5
The rate of return is 71.87% per yr.
Add Answer to:
Question 16 (4 points) If you can earn 5 percent per year, compounded annually, in order...
37. You can earn 8 percent interest, compounded monthly. How much must you deposit today to...
37. You can earn 8 percent interest, compounded monthly. How much must you deposit today to withdraw $10,000 in 6 years? 38. If you invest $10,000 in an account expected to earn 5.0% compounded annually, how long do you need to invest for the account to have grown to $40,000? 42. A bank is offering a CD which it will sell to its customers for $10,000 paying them back $14,000 in 4 years. What annual rate of return will a...
(Complex present value) You would like to have $30,000 in 16 years. To accumulate this amount...
(Complex present value) You would like to have $30,000 in 16 years. To accumulate this amount you plan to deposit each year an equal sum in the bank, which will earn 7 percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum...
2(30 points) You invest $x today at 8% APR compounded annually for 5 years (you invest...
2(30 points) You invest $x today at 8% APR compounded annually for 5 years (you invest only once). Your friend also invests some amount at the same time at 8% APR compounded annually for 5 years. However, she invests an additional amount equal to the accumulated interest at the end of each year. You both end up having the same amount at the end of 5 years. In order to achieve this, your initial investment must have been t times...
Complex present value) You would like to have $56 comma 000 in 16 years. To accumulate...
Complex present value) You would like to have $56 comma 000 in 16 years. To accumulate this amount you plan to deposit each year an equal sum in the bank, which will earn 6 percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should...
If you invest $2,500 today, $3,600 in 2 years, $4,500 in 5 years, and $1,600 in...
If you invest $2,500 today, $3,600 in 2 years, $4,500 in 5 years, and $1,600 in 7 years, how much will be in the bank 15 years from today if interest is 8.5% compounded annually? 2. Charlie hopes to accumulate $83,000 in a savings account in 10 years. If he wishes to make a single deposit today and the bank pays 3 percent compounded annually on deposits of this size, how much should Charlie deposit in the account? 3. If...
You are able to deposit $5290 annually into a bank account that is paying 4% annually....
You are able to deposit $5290 annually into a bank account that is paying 4% annually. How much will you be able to accumulate after 4 years? How much should you deposit into a bank account annually in order to buy a property that you expect to cost $349000 in 17 years if the account pays 11% annual interest? What should you pay for a property which pays you $968 monthly if you expect to earn 15% annually for 24years...
Question 1 (0.2 points) Last national bank offers a CD paying 8% interest (compounded annually. If...
Question 1 (0.2 points) Last national bank offers a CD paying 8% interest (compounded annually. If you invest $1000 how much will you have in $ at the end of year 8. Your Answer: Answer
You have $5,800 to deposit Regency Bank offers 12 percent per year compounded monthiy (1 percent...
You have $5,800 to deposit Regency Bank offers 12 percent per year compounded monthiy (1 percent per month), while King Bank offers 12 percent but will only compound annually. How much will your investment be worth in 20 years at each bank? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) points eBook Regency Bank King Bank
Question 23 (4 points) Suppose you borrowed $35000 at a rate of 11 percent and must...
Question 23 (4 points) Suppose you borrowed $35000 at a rate of 11 percent and must repay it in equal installments at the end of each of the next 5 years. How much interest would you have to pay in the first year? Your Answer: Answer units Question 24 (4 points) Consider the following stream of cash: Year Cash Flow a uewn 1000 1000 1000 4000 -4000 If your opportunity cost is 9 percent per year, how much should you...
10. Present value: Maria Addai has been offered a future payment $750 of compounded annually, on...
10. Present value: Maria Addai has been offered a future payment $750 of compounded annually, on her investment, what should she pay for this investment today? two years from now. If she can earn 6.5 percent, 11. Present value: Your brother has asked you for a loan and has promised to pay you$7,750 at the end of three years. If you normally invest to earn 6 percent per year, how much will you be willing to lend to your brother...
(Complex present value) You would like to have $30,000 in 16 years. To accumulate this amount you plan to deposit each year an equal sum in the bank, which will earn 7 percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum...
2(30 points) You invest $x today at 8% APR compounded annually for 5 years (you invest only once). Your friend also invests some amount at the same time at 8% APR compounded annually for 5 years. However, she invests an additional amount equal to the accumulated interest at the end of each year. You both end up having the same amount at the end of 5 years. In order to achieve this, your initial investment must have been t times...
Question 1 (0.2 points) Last national bank offers a CD paying 8% interest (compounded annually. If you invest $1000 how much will you have in $ at the end of year 8. Your Answer: Answer
You have $5,800 to deposit Regency Bank offers 12 percent per year compounded monthiy (1 percent per month), while King Bank offers 12 percent but will only compound annually. How much will your investment be worth in 20 years at each bank? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) points eBook Regency Bank King Bank
Question 23 (4 points) Suppose you borrowed $35000 at a rate of 11 percent and must repay it in equal installments at the end of each of the next 5 years. How much interest would you have to pay in the first year? Your Answer: Answer units Question 24 (4 points) Consider the following stream of cash: Year Cash Flow a uewn 1000 1000 1000 4000 -4000 If your opportunity cost is 9 percent per year, how much should you...
10. Present value: Maria Addai has been offered a future payment $750 of compounded annually, on her investment, what should she pay for this investment today? two years from now. If she can earn 6.5 percent, 11. Present value: Your brother has asked you for a loan and has promised to pay you$7,750 at the end of three years. If you normally invest to earn 6 percent per year, how much will you be willing to lend to your brother...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago