1Exercise 9.3 #3 algo (Calculator Version)01:32:26erencesSavedWhat amount Invested today would grow to $10,600 after 30 years, if the investment earns: (Do not round intermediate calculationsand round your final answers to 2 decimal places.)Amounta. 4% compounded annually$b. 4% compounded semiannuallyc. 4% compounded quarterlyd. 4% compounded monthly$$$

Answered: 1 Exercise 9.3 #3 algo (Calculator…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Name: Q1 MATH1107 Test 3 Version 2 St No. Q4 Calculate the accumulated value after ten years of payments of $1000.00 made at the end of each quarter if interest is 8% compounded monthly. Q2 a) 45,667.54 b) 60,577.27 c) 54,354.22 d) 41,779.08 If $17,000 is invested at 9% per year, in approximately how many years will the investment double? Q3 a) 8.04 b) 4.96 c) 6.02 d) 9.51 Sara wants to have $550,000 in her savings account when she retires. How much must she put in the account now, if the account pays a fixed interest rate of 10%, to ensure that she has $550,000 in 20 years? a) 78,781.00 b) 4,682,460.05 c) 81,754.00 d) 31,501,249.72 What is the present value (PV) of $300,000 received five years from now, assuming the interest ra 12% per year? a) 170,228.06 b) 186,276.40 c) 528,702.50 d) 1,081,432.86
st cent. ist Co llar table Present Value of a Dollar Table Period 1% 2% 5% 45 97087 96154 95238 99010 98522 98019 97561 94340 92993 89000 94260 92456 90703 98030 97066 96117 95181 97059 95632 34232 92860 83962 79383 96098 91514 8800 M6.384 88849 R5400) X2270 79209 86261 82193 78353 74726 73901 5 68058 6 94218 92385 90595 95147 92826 90573 88385 94205 91454 88797 86230 83748 79031 74622 70496 63017 7 93272 90101 87056 84127 81309 75992 71068 58349 85,349 82075 X3676 78941 92348 88771 91434 87459 20073 76642 90529 86167 82015 78120 74409 89632 84893 80426 76214 72242 64958 888745 XW639 78849 74356 70138 62460 87866 82401 60057 81185 57748 86135 79985 55526 48102 16 85282 78803 62317 53391 45811 39365 17 84438 77639 71416 37136 27027 18 76491 70016 35034 25005 82774 75361 68643 23171 81954 74247 67297 14964 60502 51337 43630 38739 49363 41552 57029 47464 39573 33051 55368 45639 37689 31180 21455 81143 73150 65978 595.39 53755 43883 35894 29416 19866 80340 72069 64684 SHONG 52189 34185…
4 AMP we 15a.eju/ρωποduos Safari File Edit View History Bookmarks Window Help $ Saving Money - 22/SU INTENSIVE QUANT REASONING (105A-900) Assume you put $600 per month into a retirement account for 14 years, and the account has an APR of 3.02% compounded monthly. $ $ What is the account balance at the end of the 14 years? Round your answer to the nearest cent. How much of the money in the account at the end of the 14 years is your personal investment, meaning that the money came directly from you? webassign.net How much of the money in the account at the end of the 14 years is interest? What percentage of the account balance after 14 years is interest? Round your percentage to one decimal place. % "p WWA Finance 1 -Saving Money and Earning Interest - 22/SU INTENSIVE QUANT REASONING(1054-900), Sum.... . .- Thu Ju Hint: The percentage of interest in the account is equal to the amount of the account balance that is interest divided by the base account balance. Multiply that result by 100…
Question 2: Calculate the value where you find question mark “?". All values should be determined up to four decimal places. Time Value of Money PV FV I (interest amount) Compounded Quarterly Q1 r 70,000 9.50% 7 yrs ? a XXXXXX 10 b ? 10.5% yrs 2,000,000 XXXXXX Monthly 7 yrs 360,000 10yг 240,000 Quarterly yearly 120,000 d XXXXXX 12% 700,000
un.4 How much will you have to deposit into an account at the beginning of every 3 months for 20 years if you want to have a balance of $100 000 and interest is 8% compounded quarterly? a $506 b $516 c $524 d $520
Q8 What annual rate of return is earned on a $4,000 investment made in year 2 when it grows to $7,600 by the end of year 8? (Do not round intermediate calculations. Round your answer to 2 decimal places.) ANNUL RATE OF RETURN?
estion 10 t yet swered nts out of 0 Flag question For a sum of money invested at 11% compounded quarterly for 14 years, state: (a) the nominal annual rate () (Do not include the % sign in your answer) (b) the number of compounding periods per year (m) (c) the periodic rate of interest (i) (Round your answer to two decimal places if necessary. Do not include the % sign in your answer) the (d) the number of compounding periods in the term (n)
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4:04 ** Edit Additional Exercise Questions on Time Value of Money MGTC03, Prof. Jason Z. Wei 1. Find the values for the following: a. An initial $500 compounded for 1 year at 6 percent. b. An initial $500 compounded for 2 years at 6% percent. c. The present value of $500 due in 1 year at a discount rate of 6 percent. d. The present value of $500 due in 2 years at a discount rate of 6 percent. 3. Which grows to a larger future value, $1000 invested for 2 years at: a. 10 percent each year b. 5 percent the first year and 15 percent the second year or c. 15 percent the first year and 5 percent the second year? Explain your results. 2. What is the monthly payment on a 5 year car loan for $14,000 at an annual interest rate of 12%? 4. Which grows to a larger future value: a. $4000 invested for 10 years at 5% or b. $2000 invested for 10 years at 10%. 5. Which is worth more at 10 percent, compounded annually: $1000 in hand today or $2,000 due in 5 years? 8 6. A paper company invests $4m to…
Review Problem 9 #30 algo (LO6) Three equal payments were made one, two, and three years after the date on which a $17,200 loan was granted at 10.5% compounded monthly. If the balance immediately after the third payment was $6,056.94, what was the amount of each payment? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Each payment $

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