2. Using a scientific calculator, find the monthly payment that must be made for 3 years to attain $10 000 if the investment is at a rate of 5%/a compounded monthly. 3. Find the total amount of interest earned on an investment if it was for 3 years at 3.5%/a compounded bi-weekly and $300 was deposited every two weeks. A. $258.04 B. $299.71 C. $323.56 ANSWER: A. $1,255.17 B. $24,655.17 C. $22, 199.22 ANSWER:

2. Using a scientific calculator, find the monthly payment that must be made for 3 years to attain $10 000 if the investment is at a rate of 5%/a compounded monthly. 3. Find the total amount of interest earned on an investment if it was for 3 years at 3.5%/a compounded bi-weekly and $300 was deposited every two weeks. A. $258.04 B. $299.71 C. $323.56 ANSWER: A. $1,255.17 B. $24,655.17 C. $22, 199.22 ANSWER:

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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You invest $8,500 in a savings account that pays interest of 4.8% compounded monthly. To the nearest cent, what is the value of your account after 19 months? A. $9,169.79 B. $9,119.79 C. $9,219.79 D. $9,999.79 E. $9,669.79
Question What is the value, 6 years in the future, of $3,707 invested to earn an annual return of 4.4% ? Enter your answer rounded to the nearest second decimal place. For example, enter $123.456 as $123.46. Flag question: Question 7 Question Imagine that you would like to withdraw $2,511 at the beginning of each year starting today and lasting for the next 8 years. Assuming the funds in the account are invested to generated an annual return of 6.4%, how much would you need to have in the account to fund this stream of payments? Enter your answer rounded to the nearest second decimal place. For example, enter $1,234.567 as 1234.57.
When $8,600 is invested in a savings account paying simple interest for the year, the interest, i in dollars, can be obtained from the equation i=8,600r, where r is the rate of interest in decimal form. Graph i=8,600r, for r up to and including a rate of 16%. If the rate is 7%, how much interest is earned? OA. $6,020 OB. $602 OC. $586 OD. $622
Find the accumulated value of an investment of $15,000 for 4 years at an interest rate of 4.5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously. Round answers to the nearest cent. a. What is the accumulated value if the money is compounded semiannually?
What interest rate would be necessary for $6,550 investment to grow to $9,300 in an account compounded continuously for 5 years? Number % your & percentage rounded to be decimal place
Suppose you invest $3,800 today in an account that earns a nominal annual rate (inom) of 12 percent, with interest compounded quarterly. How much money will you have after 12 years? a. $5,417.89 b. $15,702.56 c. $14,804.71 d. $875,484.95 e. $51,072.00
If 8000 dollars is invested in a bank account at an interest rate of 7 per cent per year, Find the amount in the bank after 15 years if interest is compounded annually: Find the amount in the bank after 15 years if interest is compounded quarterly: Find the amount in the bank after 15 years if interest is compounded monthly: Finally, find the amount in the bank after 15 years if interest is compounded continuously: Check Answer
Which of the following would represent a correct calculation of interest earned on a six month, $100 investment? O $100 principal x 10% rate x 6/12 = $5 interest O $100 principal x (10% rate / 2) x 6/12 = $2.50 interest O $100 principal x 10% rate x 6 = $60 interest O $100 principal x 10% rate x 2 times per year = $20 interest
Use the TVM Calculator to solve the following compound interest problem. Round your result to two decimal places as needed. Chris invests $14,000$14,000 in an account. The interest is compounded monthly at an annual rate of 9.2%9.2%. The ending account balance will be $24,262.99$24,262.99. How many years was the investment accruing interest?The investment was accruing interest for years.
Find the accumulated value of an investment of $10,000 for 3 years at an interest rate of 5.5% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly d. compounded continuously. Round answers to the nearest cent. a. What is the accumulated value if the money is compounded semiannually? (Round your answer to the nearest cent.)
An investor placed $2,000 per year at the end of each year into an investment account. Immediately after the 15th payment, the value of money in the account was $58,720. What is the average annual rate of return the investor has earned on the account? Group of answer choices 7.0% 9.0% 5.1% 6.3%
$3000 are invested in a bank account at an interest rate of 5 percent per year. Find the amount in the bank after 5 years if interest is compounded annually. Find the amount in the bank after 5 years if interest is compounded quarterly. Find the amount in the bank after 5 years if interest is compounded monthly. Finally, find the amount in the bank after 5 years if interest is compounded continuously. Question Help: D Video M Message instructor Submit Question

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