Question
In: Finance
a. Calculate the future sum of 8,000, given that it will be held in the bank...
a. Calculate the future sum of 8,000, given that it will be held in the bank for 77 years at an APR of 66 percent.
b. Recalculate part (a) using compounding periods that are (1) semiannual and (2) bimonthly (every two months).
c. Recalculate parts (a) and (b) for an APR of 12percent.
d. Recalculate part (a) using a time horizon of 14 years (the APR is still 66 percent).
e. With respect to the effect of changes in the stated interest rate and holding periods on future sums in parts (c) and (d), what conclusions do you draw when you compare these figures with the answers found in parts (a) and (b)?
Solutions
jeff jeffy answered 2 days agoRelated Solutions
Calculate the future sum of $8,000, given that it will be held in the bank for...
Calculate the future sum of $8,000, given that it will be held
in the bank for 9 years at an APR of 4 percent.
Recalculate part a using compounding periods that are (1)
semiannual and (2) bimonthly (every two months).
Recalculate parts a and b for an APR of 8 percent.
Recalculate part a using a time horizon of 18 years (the APR is
still 4 percent).
With respect to the effect of changes in the stated interest
rate and...
QUESTION 1 a) Calculate the future sum of $5,000, given that it will be held in...
QUESTION 1
a) Calculate the future sum of $5,000, given that it will be
held in a bank 5 years at an annual interest rate of 6% compounded
annually.
b) Recalculate part (a) using SIMPLE INTEREST. What would be
the amount of interest received?
c) Recalculate part (a) using compounding periods that are i)
semiannual and ii) quarterly
d) Recalculate part (a) and (b) for a 12% annual interest
rate.
e) Recalculate part (a) using a time horizon of 12...
d. Calculate the future sum of $1 comma 5001,500, given that it will be held in...
d. Calculate the future sum of
$1 comma 5001,500,
given that it will be held in the bank for
1515
years and earn
1111
percent compounded semiannually.
e. What is an annuity due? How does this differ from an
ordinary annuity?
f. What is the present value of an ordinary annuity of
$2 comma 4002,400
per year for
1212
years discounted back to the present at
1515
percent? What would be the present value if it were an annuity
due?...
You just received a bonus of 1,000. a.Calculate the future value of 1,000, given that it will be held in the bank for 8 years and earn an annual interest rate of 4 percent.
You just received a bonus of 1,000.
a. Calculate the future value of 1,000, given
that it will be held in the bank for 8 years and earn an annual
interest rate of 4 percent.
b. Recalculate part (a)
using a compounding period that is (1) semiannual and (2)
bimonthly.
c. Recalculate parts (a) and
(b) using an annual interest rate of 8
percent.
d. Recalculate part (a)
using a time horizon of 16 years at an annual interest rate...
Question: You recently received a bonus of $8,000 and are thinking of investing this sum of...
Question:
You recently received a bonus of $8,000 and are thinking of
investing this sum of money for your retirement 20 years later.
Sandy Chen, your financial planner, approached you recently an
offered two investment products. Product Aee will earn an annual
return of 5% per year for the first 5 years. If there is no
recession in Singapore during the first 5 years, all amounts
invested will earn an annual return of 7% for the next 10 years,
otherwise,...
Calculate the Net Promoter Score (NPS) given the following: a) Sum of "Promoter Scores" = 245...
Calculate the Net Promoter Score (NPS) given the following:
a) Sum of "Promoter Scores" = 245
b) Sum of "Passive Scores"= 205
c) Sum of "Detractors Scores" = 150
William puts $8,000 in the bank today. The quoted interest rate is 8%, and the bank...
William puts $8,000 in the bank today. The quoted interest rate
is 8%, and
the bank compounds interest quarterly. If William makes no
further deposits, how
much will he have at the end of 9 years? (to the nearest
dollar)
a. $13,760
b. $16,319
c. $10,146
d. $15,992
Please show the process
You just received a bonus of ?$1000. a. Calculate the future value of ?$1000?, given that...
You just received a bonus of ?$1000.
a. Calculate the future value of ?$1000?, given that it will be
held in the bank for 8 years and earn an annual interest rate of 7
percent. What is the future value of ?$1000 in a bank account for 8
years at an annual interest rate of 7 ?percent? $________?(Round to
the nearest? cent.)
b. Recalculate part ?(a?) using a compounding period that is?
(1) semiannual and? (2) bimonthly.
c. Recalculate parts...
You just received a bonus of $4,000. a. Calculate the future value of $4,000 given that...
You just received a bonus of $4,000.
a. Calculate the future value of $4,000 given
that it will be held in the bank for 5 years and earn an annual
interest rate of 7 percent.
b. Recalculate part (a) using
a compounding period that is (1) semiannual and (2)
bimonthly.
c. Recalculate parts (a) and
(b) using an annual interest rate of 14
percent.
d. Recalculate part (a) using
a time horizon of 10 years at an annual interest rate...
You just received a bonus of $3,000. a. Calculate the future value of $ 3,000, given...
You just received a bonus of $3,000. a. Calculate the future
value of $ 3,000, given that it will be held in the bank for 8
years and earn an annual interest rate of 3 percent. b. Recalculate
part (a ) using a compounding period that is (1) semiannual and (2)
bimonthly. c. Recalculate parts (a ) and (b ) using an annual
interest rate of 6 percent. d. Recalculate part (a ) using a time
horizon of 16 years...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- you will read and discuss Chapter 2 of Questions of Character: Illuminating the Heart of Leadership...
- Question 3 Why does a global sales forces cause special compensation problems? Suggest some alternative solutions....
- Which of the following statements regarding the predictive value of historical returns is true? A. Historical...
- Discuss the risks, benefits, and audit issues related to IT outsourcing
- Case Management book (Fundementals of Case Management Practice, skills for the human services - 5th ed...
- Using any source of your choosing, research the .NET Framework and in your own words, in...
- Question 1 (a) How is Inventory Turnover Ratio calculated ? What might a sharp drop in...
ADVERTISEMENT