You expect to receive $9,100 at graduation in 2 years. You plan on investing this money...

You expect to receive $9,100 at graduation in 2 years. You plan on investing this money at 9.03 percent per year until you have $50,000. How many years from today will it be until this occurs?

Group of answer choices

19.7 years

25.3 years

23.3 years

21.7 years

Expert Solution

Calculations-

Here,
Fv is the future value of amount invested
rate is the periodic interest rate
nper is no. of periods
pmt is the periodic payments
Pv is the present value of investmet
type = 0 if the amount is paid at the end of the year ,1 if it is paid at the beginning. Please upvote if the ans is helpful.In case of doubt,do comment.Thanks.

jeff jeffy answered 1 year ago

You expect to receive $14,500 at graduation in four years. You plan on investing it at...

You expect to receive $14,500 at graduation in four years. You plan on investing it at 10 percent until you have $84,000. How long will you wait from now? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Number of years

You expect to receive $19,000 at graduation in two years. You plan on investing it at...

You expect to receive $19,000 at graduation in two years. You plan on investing it at 11 percent until you have $92,000. How long will you wait from now? a. 15.11 years b. 13.11 years c. 19.17 years/ d. 17.11 years e. 18.83 years

You expect to receive $15,000 at graduation in two years. You plan on investing it at...

You expect to receive $15,000 at graduation in two years. You plan on investing it at 12 percent until you have $104,000. How long will you wait from now?

A. You expect to receive $28,000 at graduation in two years. You plan on investing it...

A. You expect to receive $28,000 at graduation in two years. You plan on investing it at 9.75 percent until you have $163,000. How long will you wait from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Period __________ years B. An investment offers to quadruple your money in 36 months (don’t believe it). What rate per year are you being offered? (Do not round intermediate calculations and enter your answer as...

You expect to receive $9,000 at graduation in two years. You plan on investing it at...

You expect to receive $9,000 at graduation in two years. You plan on investing it at 12 percent until you have $110,000. How long will you wait from now? (Do not round your intermediate calculations.) 20.09 years 22.09 years 24.09 years 26.50 years 26.98 years

You expect to receive $10,000 at graduation in two years. Youplan on investing it at...

You expect to receive $10,000 at graduation in two years. You plan on investing it at 6 percent until you have $104,000. How long will you wait from now? 40.19 years 42.19 years 47.25 years 46.41 years 38.19 years

1. You expect to receive $4,400 upon your graduation and will invest your windfall at an...

1. You expect to receive $4,400 upon your graduation and will invest your windfall at an interest rate of 0.69 percent per quarter until the account is worth $5,725. How many years do you have to wait until you reach your target account value? 2. McCann Co. has identified an investment project with the following cash flows. Year. Cash Flow 1. $950 2. 1,050 3. 1,330 4. 1,160 a. If the discount rate is 8 percent, what is the present...

1. You expect to receive $4,400 upon your graduation and will invest your windfall at an...

1. You expect to receive $4,400 upon your graduation and will invest your windfall at an interest rate of 0.69 percent per quarter until the account is worth $5,725. How many years do you have to wait until you reach your target account value? 2. McCann Co. has identified an investment project with the following cash flows. Year. Cash Flow 1. $950 2. 1,050 3. 1,330 4. 1,160 a. If the discount rate is 8 percent, what is the present...

After investing 146,239 dollars in GTY Corporation, you expect to receive at least 3% a year....

After investing 146,239 dollars in GTY Corporation, you expect to receive at least 3% a year. How much will your investment be worth in 38 years? (annual compounding) Include 2 decimals in your answer.

What is the the present value of $10,000 that you expect to receive in 10 years...

What is the the present value of $10,000 that you expect to receive in 10 years if the interest rate is 5% from years 0 to 5 and 7% from year 5 to 10? Show all work.

Question

You expect to receive $9,100 at graduation in 2 years. You plan on investing this money...

Solutions

Expert Solution

Related Solutions

You expect to receive $14,500 at graduation in four years. You plan on investing it at...

You expect to receive $19,000 at graduation in two years. You plan on investing it at...

You expect to receive $15,000 at graduation in two years. You plan on investing it at...

A. You expect to receive $28,000 at graduation in two years. You plan on investing it...

You expect to receive $9,000 at graduation in two years. You plan on investing it at...

You expect to receive $10,000 at graduation in two years. Youplan on investing it at...

1. You expect to receive $4,400 upon your graduation and will invest your windfall at an...

1. You expect to receive $4,400 upon your graduation and will invest your windfall at an...

After investing 146,239 dollars in GTY Corporation, you expect to receive at least 3% a year....

What is the the present value of $10,000 that you expect to receive in 10 years...