Assume an interest rate of 7% per year. How much would you lose over 10 years if you received 65% instead of compounded interest?
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- Suppose that you have $100 to invest for a period of 5 years at an interest rate of 10% per year. How much will you have accumulated at the end of this time period?i want to this question answer General accountingIf you invest 1000.00 per year for 3 years starting 1 year from now and 1500.00 per year for 5years starting 4 years from now, how much will be the amount at the end of 8 years from now? Use a 12% interest rate per year.
- What is the present value of $1000 to be received in 4 years if the appropriate interest rate is 5%?If you earn an annual interest rate of 9.8 percent, how many years will it take to triple your money?You decide to set aside $120 a month for your future. Assuming a real interest rate of 7.5%, how much will you have after 25 years? How much more would you have if you invested for 30 years?
- What is the present value of an investment that will pay $1,000 in one year's time, and $1,000 every year after that, when the interest rate is 8%?You borrow X for 10 years at an annual effective interest rate of i = 6%. If you pay the loan amount and accumulated interest at the end of 10 years in one payment you would pay 356.54 more than if you made 10 level payments at the end of each year. Find X.Assume an interest rate of 8% per year. How much would you lose over 11 years if you had to give up interest on the interest-that is, if you received 88% instead of compounded interest? 53.4% 88% 45.2% 27.1%
- If you open a savings account that earns 6.5% simple interest per year, what is the minimum num-ber of years you must wait to triple your balance? Suppose you open another account that earns 6%interest compounded yearly. How many years will ittake now to triple your balance?An investment opportunity requires that you deposit $1000 a year for 5 years. At the end of this time you will receive $500 a year for 10 years. Is this a good deal if the interest rate available on other deposits is 5%?Suppose you take out a 30 year mortgage for $ 200000 at 7.75% interest. The monthly payments on this loan are $ 1432.82. If you pay an extra 60% per month on your mortgage, how soon will you pay off the loan?New length in years = How much will you save in interest by making the extra payments?Saving =