Question
In: Finance
Consider an investment of 2,525.00 invested for 15 years at a simple annual rate of 8.00%....
Consider an investment of 2,525.00 invested for 15 years at a simple annual rate of 8.00%. How much MORE can you make on this investment if the interest rate had coumpounded annually ?
Solutions
jeff jeffy answered 1 year agoRelated Solutions
$14,000 is invested for 7 years at an annual simple interest rate of 11%. (a) How...
$14,000 is invested for 7 years at an annual simple interest
rate of 11%.
(a) How much interest will be earned?
$
(b) What is the future value of the investment at the end of the 7
years?
$
2.–/1 points
My NotesAsk Your Teacher
$10,000 is invested for 6 months at an annual simple interest
rate of 3%.
(a) How much interest will be earned?
$
(b) What is the future value of the investment after 6
months?
$...
6A. 14,000 is invested for 3 years at an annual simple interest rate of 14%. What...
6A. 14,000 is invested for 3 years at an annual simple interest
rate of 14%.
What is the future value of the investment at the end of the 3
years?
B. To buy a Treasury bill (T-bill) that matures to $10,000 in 6
months, you must pay $9750
If the bank charges a fee of $70 to buy a T-bill, what is the
actual interest rate you earn? (Round your answer to one decimal
place
C. If $5000 is invested...
$100,000 is invested for 20 years at 5%. What are the proceeds using: simple interest annual...
$100,000 is invested for 20 years at 5%. What are the proceeds
using:
simple interest
annual compound interest
semi-annual compounding?
In the question above, what must the annual compounding rate be
in order to produce the same proceeds as 5% semi-annual? What must
the quarterly compounding rate be in order to produce the same
proceeds as 5% semi-annual?
If money is invested for 8 years at a simple interest rate of 8.6% per annum,...
If money is invested for 8 years at a simple interest rate of
8.6% per annum, the nominal interest rate per annum, compounding
monthly, is (as a percentage rounded to three decimal places; no %
sign):
If money is invested for 10 years, the per annum simple interest rate equivalent to a...
If money is invested for 10 years, the per annum
simple interest rate equivalent to a nominal rate of 6.5%p.a
compounding quarterly is
If money is invested for 4 years, the per annum simple interest rate equivalent to a...
If money is invested for 4 years, the per annum simple interest
rate equivalent to a nominal rate of 4.9%p.a compounding monthly is
(as a percentage rounded to three decimal places; don’t use %
sign): Answer:
Calculate the future value of $2000 invested at 5% annual simple interest rate over a period...
Calculate the future value of $2000 invested at 5% annual simple
interest rate over a period of 5 years
5% annual interest rate compounded yearly over a period of 5
years where the is no withdrawal from the account
5% annual interest rate compounded semiannually over a period of
5 years when there is no withdrawal from the account.
When we gain more? Explain why?
a. Convert 3% simple monthly rate into simple annual rate. b. Convert 6% simple annual rate...
a. Convert 3% simple monthly rate into simple annual rate. b.
Convert 6% simple annual rate into annual rate, compounded monthly.
c. Convert 9% annual rate compounded monthly into annual rate,
compounded daily. d. Convert 12% annual rate, compounded weekly
into simple annual rate. e. Convert 24% simple annual rate to
annual rate, compounded continuously. Show All Work.
a. Convert 3% simple monthly rate into simple annual rate. b. Convert 6% simple annual rate...
a. Convert 3% simple monthly rate into simple annual rate. b.
Convert 6% simple annual rate into annual rate, compounded monthly.
c. Convert 9% annual rate compounded monthly into annual rate,
compounded daily. d. Convert 12% annual rate, compounded weekly
into simple annual rate. e. Convert 24% simple annual rate to
annual rate, compounded continuously. Show All Work.
The value in six years of $15,000 invested today at a stated annual interest rate of...
The value in six years of $15,000 invested today at a stated
annual interest rate of 5.25% compounded quarterly is closet
to:
16,220.69
20,511.81
48,376.60
20,101.43
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