If you invest $1,632 today and in years 1, 2 and 3 in an account that earns 4.28% APR (compounded annually), how much will you have in the account in 17 years?
If you invest $1,632 today and in years 1, 2 and 3 in an account that earns 4.28% APR (compounded annually), how much will you have in the account in 17 years?
You invest $x today at 8% APR compounded annually for 5 years
(you invest only once). Your friend also invests some amount at the
same time at 8% APR compounded annually for 5 years. However, she
invests an additional amount equal to the accumulated interest at
the end of each year. You both end up having the same amount at the
end of 5 years. In order to achieve this, your initial investment
must have been t times as much...
You invest $x today at 8% APR compounded annually for 5 years
(you invest only once). Your friend also invests some amount at the
same time at 8% APR compounded annually for 5 years. However, she
invests an additional amount equal to the accumulated interest at
the end of each year. You both end up having the same amount at the
end of 5 years. In order to achieve this, your initial investment
must have been t times as much...
Q1) Suppose you invest $104,105 today in an account that earns
08.00% interest annually. How much money will be in your account 10
years from today?
Q2) What is the value today, of single payment of $28,298 made
17 years from today, if the value is discounted at a rate of
25.00%?
Q3) How many years would it take an investment of $763 to grow
to $11,610 at an annual rate of return of 18.00%? Q4) How much
money would...
Q1)
Suppose you invest $20,958 today in an account that earns 02.00%
interest annually. How much money will be in your account 19 years
from today?
Q2) What
is the value today, of single payment of $6,189 made 12 years from
today, if the value is discounted at a rate of 14.00%?
Q3) How
many years would it take an investment of $264 to grow to $2,845 at
an annual rate of return of 08.00%?
Q4) How
much money would...
FIN101
You have $5,100 to invest today at 11% interest compounded annually. Find how much you will have accumulated in the account at the end of: (0.5 Marks each)
(1) 4 years,
(2) 8 years, and
(3) 12 years.
Using the values below, answer the questions that follow:
Amount of annuity
Interest rate
Deposit period (years)
$500
9%
10
Calculate the future value of the annuity, assuming that it is
An ordinary annuity. (0.5 marks)
An annuity due....
FIN101
You have $5,100 to invest today at 11% interest compounded annually. Find how much you will have accumulated in the account at the end of: (0.5 Marks each)
(1) 4 years,
(2) 8 years, and
(3) 12 years.
Using the values below, answer the questions that follow:
Amount of annuity
Interest rate
Deposit period (years)
$500
9%
10
Calculate the future value of the annuity, assuming that it is
An ordinary annuity. (0.5 marks)
An annuity due....
If you invest $5,000 in months 2 and 3 in an account that earns
2.00% APR, compounded monthly, , how much can you withdraw (equal
amounts) in months 5 and 6 ?
Your investment account pays 8.2%, compounded annually. If you
invest $5,000 today, how many years will it take for your
investment to grow to $9,140.20?
Select the correct answer.
a. 9.15
b. 12.15
c. 7.65
d. 6.15
e. 10.65
One year ago Lerner and Luckmann Co. issued 15-year,
noncallable, 8% annual coupon bonds at their par value of $1,000.
Today, the market interest rate on these bonds is 5.5%. What is the
current price of the bonds, given that they...
You have $100,000 in an account that earns 2% APR (Compounded
monthly)
You want to earn a higher rate of return and therefore are
considering two alternative investments. You will put your $100,000
in one of the two new accounts.
Investment 1 will pay you $860 per month for starting next month
120 months.
Investment 2 will pay you $2,600 per month for starting next month
40 months.
Which account should you choose and how much does it increase your...