3 years ago, you invested $9,200. In 3 years, you expect to have $14,167. If you expect to earn the same annual return after 3 years from today as the annual return implied from the past and expected values given in the problem, then in how many years from today do you expect to have $28,798? Input instructions: Round your answer to at least 2 decimal places. 1.62 years
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- I got 1.62 but it's wrong why?What is the IRR for a $1,075 investment that returns $190 at the end of each of the next 6 years?(Perform all calculations using 5 significant figures and round your answer to two decimal places): Answer: ____________%Suppose you make a one-time $ 8,000 investment into an account that yields a 12% annual return. If you keep the account for 10 years, what should be the account balance? Round your answer to 2 decimal places
- 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.Answers wrongYou started an investment account 10 years ago with $2100, and it now has grown to $8900. a. What annual rate of return have you earned (you have made no additional contributions to the account)? b. If the investment account earns 11% per year from now on, what will the account's value be ten years from now? a. The annual rate of return is%. (Round to two decimal places.) View an example Get more help - Clear all
- You plan to save $41,274 per year for 4 years, with your first savings contribution later today. You then plan to make X withdrawals of $41,502 per year, with your first withdrawal expected in 4 years. What is X if the expected return per year is 8.28 percent per year? Input instructions: Round your answer to at least 2 decimal places.You invested some money 15 months ago at 8 % annual simple interest. Your investment is now worth $1210. How much money did you originally invest? Give the answer to 2 decimal places, and do not use the $ sign in the answer box. Blank 1. Calculate the answer by read surrounding text. dollarsUse up to 6 decimal places during solving for the answer. Write all numerical final answers round off up to TWO (2) decimal places. 1. If I invest 32.195 today and expect a reimbursement every end of 6th month with a ROR of 0.13 compounded semi-annually for 3 years. How much will ! expect to receive every June and December of every year.
- You initially invest $400 in a savings account that pays a yearly interest rate of 3%. (a) Write a formula for an exponential function giving the balance in your account as a function of the time since your initial investment. (Let B be the account balance in dollars and t be the number of years since the initial investment.) 8(t)= dollars (b) What monthly interest rate best represents this account? Round your answer to three decimal places. % (c) Calculate the decade growth factor. (Round your answer to two decimal places.) (d) Use the formula you found in part (a) to determine how long it will take for the account to reach $536. (Round your answer to the nearest whole number.) yr Explain how this is consistent with your answer to part (c), At the end of one decade, there will be $ where the account reaches $536 at the end of This --Select-- o the answer found above years,You plan to retire in 6 years with $1,124,632. You plan to make X withdrawals of $148,046 per year. The expected return is 10.81 percent per year and the first regular withdrawal is expected in 7 years. What is X? Input instructions: Round your answer to at least 2 decimal places.If you put $10 in a savings account at the beginning of each year for 11 years, how much money will be in the account at the end of the 12th year? Assume that the account earns 11%, and round to the nearest $1.00. a. $217 b. $241 c. $68.89 d. $76.47 Please solve problem and give correct answer choice above. Please show all work and steps.