what us the future value of $1000 invested today if you earn 2 percent annually for...

what us the future value of $1000 invested today if you earn 2 percent annually for five years?

Solutions

Expert Solution

Calculations-

As no method was mentioned I have solved the problem using excel function.

Please upvote if the answer is helpful.In case of doubt,do comment.Thanks.

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

What is the future value of $646 invested for 19 years at 16.0 percent compounded annually?

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.

What is the future value of $100 invested today at 6 percent for four years? What...

What is the future value of $100 invested today at 6 percent for four years? What is the present value of $100 to be received 10 years from today, assuming an opportunity cost of 9 percent? What is the future value of $200 invested today at 8 percent for three years?

1. Future Value. what is the future value in six years of $1000 invested in an...

1. Future Value. what is the future value in six years of $1000 invested in an account with a stated annual interest rate of 9 percent a. compounded annually? b. compounded semi annually? c. compounded monthly? d. compounded continuously? e. why does the future value increase as the compounding period shortens? Q2. present value and break even interest. consider a firm with a contract to sell an asset for $115,000 three years from now. The asset cost $76,000 to produce...

What are the correct variables when calculating the future valueof $1000 invested today at 8%...

What are the correct variables when calculating the future value of $1000 invested today at 8% in 12 years?What is the future value of this investment?

What is the future value of $6,000 invested for 5 years at 10% compounded annually?

What is the future value of $6,000 invested for 5 years at 10% compounded annually? A. 9,255 B. 8,902 C. 9,751 D. 9,663

What is the future value of $121,307 invested today in an account that earns a 7.5%...

What is the future value of $121,307 invested today in an account that earns a 7.5% annual rate in 40 years?

What is the future value of $850 received today if it is invested at 7.5%, compounded...

What is the future value of $850 received today if it is invested at 7.5%, compounded annually for 11 years?

the future value of $676 received today and deposited 5.85 percent compounded annually for five years...

the future value of $676 received today and deposited 5.85 percent compounded annually for five years is closest to

Auntie Kitty sells her home for $150,000, which is then invested to earn 5 percent annually....

Auntie Kitty sells her home for $150,000, which is then invested to earn 5 percent annually. If her life expectancy is five years, what is the maximum amount she can annually spend on a nursing home, doctors, and taxes? Use Appendix D to answer the question. Round your answer to the nearest dollar. The maximum amount that can be annually spend is $ ______ If the return were to double to 10 percent, will the amount she may spend each...

Auntie Kitty sells her home for $250,000, which is then invested to earn 4 percent annually....

Auntie Kitty sells her home for $250,000, which is then invested to earn 4 percent annually. If her life expectancy is ten years, what is the maximum amount she can annually spend on a nursing home, doctors, and taxes? Use Appendix D to answer the question. Round your answer to the nearest dollar. The maximum amount that can be annually spend is $ . If the return were to double to 8 percent, will the amount she may spend each year...

Subjects