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David Bautista needs $25,000 in 8 years. Click here to view factor tables What amount must...

David Bautista needs $25,000 in 8 years.

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What amount must he invest today if his investment earns 8% compounded annually? What amount must he invest if his investment earns 8% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Investment at 8% annual interest

$enter a dollar amount rounded to 0 decimal places

Investment at 8% annual interest, compounded quarterly

$enter a dollar amount rounded to 0 decimal places

Julia Willis will invest $30,500 today. She needs $329,517 in 21 years.

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What annual interest rate must she earn? (Round answer to 0 decimal places, e.g. 7%.)

Interest rate

enter Interest rate in percentages rounded to 0 decimal places

%

Steve Newman will invest $10,730 today in a fund that earns 4% annual interest.

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How many years will it take for the fund to grow to $14,685?

Years

enter a number of years

Solutions

Expert Solution

ekkarill92 answered 1 year ago
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