In: Accounting
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 |