1+M-9Show AttenCurrent Attempt in ProgressLisa Anderson deposits $3,400 in her bank today.a.* Your answer is incorrect.If the bank pays 4 percent interest per year without compounding, how much simple interest will she have earned and how muchmoney will she have at the end of five years?$Future valueeTextbook and Media680Save for LaterUsing multiple attempts will impact your score.20% score reduction after attempt 2b.Attempts: 1 of 3 used Submit AnswerThe parts of this question must be completed in order. This part will be available when you complete the part above.C.The parts of this question must be completed in order. This part will be available when you complete the part above.Q SearchSAMSUNG

1. **Initial Deposit and Interest Rate**: Lisa Anderson initiates her financial endeavor by…

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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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QUESTION 3 Suppose you deposit $2.500 in a CD paying 8% interest, compounded every other month. How much will you have in the account after 15 years? Round your answer to the nearest cent. below is an example how to do problem mple 4 A certificate of deposit (CD) is a savings instrument that many banks offer. It usually gives a higher interest rate, but you cannot access your investment for a specified length of ime. Suppose you deposit $3000 in a CD paying 6% interest, compounded monthly. How much will you have in the accbunt after 20 years? In this example, Pa-$3000 1=0.06 -12 the initial deposit 6% annual rate 12 months in 1 year since we're looking for how much well have after 20 N=20 years 0.06 So P 3000 1+ 12 3D%2993061(round your answer to the nearest penny) %3D Let us compare the amount of money earned from compounding against the amount you would carn from simple interest Yars Simple Interest 6% compounded (S15 per month)monthly 0.5% each month 33900 $4800 $5700 $4046 55…
Current Attempt in Progress After living in a university residence for one year, Alysha decides to rent an apartment for the remaining three years of her degree. She has found a nice location that will cost $740 per month. Rent for the first and last month must be paid up front. How much money would Alysha need to have in her bank account right now to be sure she will always have enough for rent? The bank account pays 6.0 percent interest, compounded monthly. (Round answer to 2 decimal places, e.g. 125.12. Do not round your intermediate calculations.) Amount Alysha would need to have right now $
Your answer is correct. 7/0.2 E If the bank pays 4 percent interest per year without compounding, how much simple interest will she have earned and how much money will she have at the end of five years? $ Future value eTextbook and Media 4080 Using multiple attempts will impact your score. 20% score reduction after attempt 2 b. Attempts: 2 of 3 used How much money will she have in five years if the bank pays compound interest with annual compounding? (Round answers to 2 decimal places, e.g. 52.75.) Future value C. $ eTextbook and Media Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 2 Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. Search SAMBUNG
Time to accumulate a given sum Personal Finance Problem Manuel Rios wishes to determine how long it will take an initial deposit of $7,000 to double. a. If Manuel earns 8% annual interest on the deposit, how long will it take for him to double his money? b. How long will it take if he earns only 5% annual interest? c. How long will it take if he can earn 10% annual interest? d. Reviewing your findings in parts a, b, and c, indicate what relationship exists between the interest rate and the amount of time it will take Manuel to double his money. a. If Manuel earns 8% annual interest, the amount of time to double his money is years. (Round to two decimal places.) C
Question 5 of 10 You plan to save money for a down payment of $37,000 to purchase an apartment. You can only afford to save $1,250 at the end of every quarter into an account that earns interest at 3.71% compounded annually. How long will it take you to save the planned amount? o years o months Express the answer in years and months, rounded to the next payment period SUBMIT QUESTION k SU 1 O 0 SAVE PROGRESS
Problems Saved Help Save You have just borrowed $250,000 to buy a condo. You will repay the loan in equal monthly payments of $2,011.56 over the next 30 years. a. What monthly interest rate are you paying on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b. What is the APR? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) c. What is the effective annual rate on that loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) d. What rate is the lender more likely to quote on the loan? a. Monthly interest rate APR b. C. Effective annual rate d. What rate is the lender more likely to quote on the loan? Prev 3 of 12 Next > earch IN W
Fast pls solve this question correctly in 5 min pls I will give u like for sure Surbh You just opened a brokerage account, depositing $4,000. You expect the account to earn an interest rate of 10% annually. You also plan on depositing $1,500 at the end of years 4 through 10. What will be the value of the account at the end of year 10? a. $9,487 b. $20,606 c. $24,606 d. $8,908 e. $23,106
< CO T R E # 3 Problem Set 1: Finance Progr Score: 19.8/50 8/20 answered Question 15 You want to be able to withdraw $35,000 from your account each year for 25 years after you retire. You expect to retire in 15 years. If your account earns 6% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? 24 Question Help: D Video Submit Question MacBook Air 08 F3 DD F2 F4 F5 F8 & $ 2 5. M
QUESTION 4 Jamal wants to invest $4,300 in an account with an interest rate of 7.2% that is compounded CONTINUOUSLY. Which of the following choices will correctly calculate the amount of money in Jamal's account after 9 years? A. 7.2) 12x9 Amount = 4300 1+ 12 O B. Amount = 0.072x9xe4300 O C. Amount = 4300e0.072 × 9 12 x 9 D. 0.072 Amount = 4300 1+ 12 7.2 x 9 O E. Amount = 4300e O F. Amount = 4300x 7.2xe9
Homework 7.3-7.4 Linear and Exponential Models: Attempt review 12/2/21, 10:08 PM Question 6 Incorrect 0.00 points out of 1.00 Round all answers to two decimal places. Linda currently has $387, 648 in a retirement account. Assume her investments will obtain a growth rate of 6 % compounded annually. If she does not put any more into the retirement account, write an equation describing the amount A she will have after T years from now. (Use capital letters for variables) Equation is A=P(1+r/m)^(mt) What will she have in the account in 5 years? She will have $ 411471.83 What will she have in the account in 7 years? She will have $ 411513.59
A Moving to another question will save this response. Question 5 Jack deposits $5000 in an account which pays 5 percent compounded quarterly. How much will he have in his account in fifteen years? O $10,535.9 O None of the listed items is correct. O $6,024.1 O $10,394.6 O $93,395.9 A Moving to another question will save this response. MacBook Air 20 F3 B00 FA F1 F2 F5 F6 F7 @ #3 $ & 3 4 6. 7 8. W R T Y S D F G V B つ AT

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