Question

In: Finance

How much money will you have in 35 years if you invest ​$800 at the beginning...

How much money will you have in 35 years if you invest ​$800 at the beginning of each month at 8.2 percent interest rate being compounded​ semi-annually?

Solutions

Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

SOLVED WITH BA II PLUS CALCULATOR AS WELL AS EXCEL

HERE COMPOUNDING PERIOD AND PAYMENT PERIODS ARE DIFFERENT


Related Solutions

You invest 800$ per year at the beginning of each year for 8 years at an...
You invest 800$ per year at the beginning of each year for 8 years at an interest rate of 8% the future value of your koney will be equal to approximately A 9190 B 18508 C 18989 D none of the above
Write a Python program that will calculate how much money you will have when you invest...
Write a Python program that will calculate how much money you will have when you invest a given amount of money over a set number of years with a given interest rate. The program takes as user input how much money to invest and the yearly interest rate and calls a calculateEarnings function using those two inputs as the parameters initialMoney and interestRate. Both of the user inputs should be able to be entered in decimal numbers. The calculateEarnings function...
To determine how much money you have to invest, add up the investment for the 4...
To determine how much money you have to invest, add up the investment for the 4 projects. Multiple this total by 80% to get how much money your company has to spend. Choose the best combination of projects for the company to invest in. Show one break even analysis.   Total Investment = $198420.19 Projects: #1 Invest $60000 in a 3D Printer Training and installation $10000 Revenue per year $18000 Cost per year $3000 Market Value year 11 $30000 #2 Invest...
1) How much will you have accumulated over a period of 35 years if, in an...
1) How much will you have accumulated over a period of 35 years if, in an IRA which has a 10% interest rate compounded monthly, you annually invest: a. $1 b. $5000 c. $8,000 d. Part (a) is called the effective yield of an account. How could Part (a) be used to determine Parts (b) and (c)? (Your answer should be in complete sentences)
1) How much will you have accumulated over a period of 35 years if, in an...
1) How much will you have accumulated over a period of 35 years if, in an IRA which has a 10% interest rate compounded monthly, you annually invest: a. $1 b. $5000 c. $8,000 d. Part (a) is called the effective yield of an account. How could Part (a) be used to determine Parts (b) and (c)? (Your answer should be in complete sentences free of grammar, spelling, and punctuation mistakes.)
Suppose you invest $200 per month for a period of 30 years. a) How much money...
Suppose you invest $200 per month for a period of 30 years. a) How much money would you have at the end of the 30-year period, assuming that the yearly interest rate is 12% compounded monthly? You can assume that the payments are deposited at the end of each month. (Hint: write the amount accumulated in the bank for the first few months, and try to get a pattern out of that.) (answer: $698,992.83) b) Using the same approach, indicate...
How much will you have at the end of 21 years if you invest $230 today...
How much will you have at the end of 21 years if you invest $230 today at 13% annually compounded ? 2650.31 3384.18 2994.85 3526.56
How much would you have to invest today to receive $5000 each year, at the beginning...
How much would you have to invest today to receive $5000 each year, at the beginning for 10 years at 8 percent?
If you invest $4,000 today, how much will you have in 5 years at 6% (compounded...
If you invest $4,000 today, how much will you have in 5 years at 6% (compounded semiannually)?
How much would you have to invest today to receive: a. $100,000 in 6 years at...
How much would you have to invest today to receive: a. $100,000 in 6 years at 12 percent? b.$100,000 in 15 years at 12 percent? c.$10,000 at the end of each year for 25 years at 12 percent d.$75,000 at the end of each year for 25 years at 12 percent?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT