What is the future value of $646 invested for 19 years at 16.0 percent compounded annually?Do not round intermediate calculations. Round your answer to the nearest cent.
Compute the future value of:
An initial $2,000 compounded annually for 10 years at
8%
An initial $2,000 compounded annually for 10 years at
10%
An annuity of $2,000 for 10 years at 8%
An annuity of $2,000 for 10 years at 10%
Calculate the future value of $6,000 in
a. 5 years at an interest rate of 10% per year (round to the
nearest dollar)
b. 10 years at an interest rate of 10% per year (round to the
nearest dollar)
c. 5 years at an interest rate of 20% per year (round to the
nearest dollar)
d. Why is the amount of interest earned in part (a) less than
half the amount of interest earned in part (b)? (choose from the...
1. What is the future value $490 per yearfor 8 years compounded
annually at 10 percent?
2. Whats is the present value of $3,000 per year for 8 years
discounted back to the present at 10 percent?
(Future value) To what amount will $ 4800 invested for 8 years
at 9 percent compounded annually accumulate? $4800 invested for 8
years at 9 percent compounded annually will accumulate to $ _____
(Round to the nearest cent.)
What will
6000 USD invested for 10 years at 6 percent compounded annually
grow to?
How many
years will it take 400 USD to grow to 1 671 USD if it is invested
at 10 percent compounded annually?
At what
rate would 1000 USD have to be invested to grow to 4046 USD in 10
years?
Calculate
the future sum of 1000 USD, given that it will be held in the bank
for 5 years and earn 10 percent compounded...
What is the difference in future value if $40,000 is invested at
5% over twenty years, with one option compounding interest
annually, while the other is based on monthly compounding?