#5Suppose you deposit $1,887.00 into and account 4.00 years from today into an account that earns 11.00%. How muchwill the account be worth 14.00 years from today?SubmitAnswer format: Currency: Round to: 2 decimal places.unanswerednot_submittedAttempts Remaining: Infinity

The objective of the question is to calculate the future value of an investment of $1887.00 made 4…

Answered: #5 Suppose you deposit $1,887.00 into…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

A payment of $870 scheduled to be paid today and a second payment of $1,160 to be paid in nine months from today are to be replaced by a single equivalent payment. What total payment made today would place the payee in the same financial position as the scheduled payments if money can earn 4.25%? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Equivalent payment $4 5. of 7 Next >
← Use graphical approximation techniques to answer the question. When would an ordinary annuity consisting of quarterly payments of $430.20 at 8% compounded quarterly be worth more than a principal of $4600 invested at 5% simple interest? The annuity would be worth more than the principal in approximately (Round to one decimal place as needed.) years.
Intro In order to save for your retirement, you want to save $2,000 every year for 15 years, starting one year from now. The annual interest rate on your savings account is 8%. Part 1 How much money will you have in your account in 15 years? 0+ decimals Submit
disadvantages of using LCS (Local Currency Settlement) in trading transactions
Automobile repair shops typically recommend that their customers change their oil and oll filter every 4.500 miles. Your automobile user's manual suggests changing your oil every 6,500-8,000 miles. If you drive your car 87,750 miles each year and an oil and filter change costs S34, how much money would you save each year if you had this service performed every 6.500 miles? Your savings will be $ per year. (Round to the nearest cent.Y Enter your answer in the answer box
Please help me solve this. Please show every so I can understand. Question: A quinceañera fund is established by making four (4) identical deposits: Upon the birth of a baby girl, Upon the girl's 1st birthday, Upon the girl's 2nd birthday, and Upon the girl's 3rd birthday. Suppose that the fund that pays 4% interest compounded annually, and that the full balance of 10,527 dollars is withdrawn upon the girl's 15th birthday. How much is the amount of each deposit? Round your answer to the nearest whole number. Do not use currency signs such as "$."
Find PV: You can deposit money into a money market account that earns 3.5% interest per year. How much do you need to deposit into the account today in order to have the account balance be: $2,000 in one year? $4,000 in one year? $4,000 in two years?

Recommended textbooks for you

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

ENGR.ECONOMIC ANALYSIS

Economics

ISBN:

9780190931919

Author:

NEWNAN

Publisher:

Oxford University Press

Principles of Economics (12th Edition)

Economics

ISBN:

9780134078779

Author:

Karl E. Case, Ray C. Fair, Sharon E. Oster

Publisher:

PEARSON

Engineering Economy (17th Edition)

Economics

ISBN:

9780134870069

Author:

William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Publisher:

PEARSON

Principles of Economics (MindTap Course List)

Economics

ISBN:

9781305585126

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Managerial Economics: A Problem Solving Approach

Economics

ISBN:

9781337106665

Author:

Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:

Cengage Learning

Managerial Economics & Business Strategy (Mcgraw-…

Economics

ISBN:

9781259290619

Author:

Michael Baye, Jeff Prince

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

#5 Suppose you deposit $1,887.00 into and account 4.00 years from today into an account that earns 11.00%. How much will the account be worth 14.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not_submitted Attempts Remaining: Infinity