During 2008 the S&P 500 index depreciated by 37.6%.† Assuming that this trend had continued, how much would a $4,000 investment in an S&P index fund have been worth after 7 years? (Round your answer to the nearest cent.)

Q: Five and a half years ago, Chris invested $10,000 in a retirement fund that grew at the rate of 7.82…

A: Given that The principal amount P=$ 10,000 Interest rate r=7.82%=7.82100=0.0782Compounded quarterly…

Q: Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be…

A: Given that, Annual Amount=$31 Annual rate of interest=5.7% r=0.057 Time (T) = 2015-1626 T=389 years…

Q: Suppose you invest $3,100.00 in an account with an annual interest rate 12% compounded monthly (1%…

A: Annual interest rate = 12% That is, 1% each month.

Q: a. During 2008 the S&P 500 index depreciated by 37.6%.† Assuming that this trend had continued,…

A: Solution given below Explanation:Step 1:a. To calculate the value of the investment after 7 years,…

Q: Treasure mountain international school in park city, Utah,  is a public middle school interested in…

A:

Q: Stocks in a certain industry depreciated by 5.4% in the first 8 months of 1993. Assuming that this…

A: For the given amount of $30,000 if depreciated 5.45% in the first 8 months the investment be worth…

Q: If inflation has been running at 3.65% per year and a new car costs $18,900 today, what would it…

A:

Q: Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.

A: The answer is in the explanation.Explanation:A=P⋅e^(r⋅t)Where:A is the amount of money accumulated…

Q: A family wants to have a $150,000 college fund for their children at the end of 20 years. What…

A: Given that future value  FV=$ 150,000 Interest rate r=7.6%=7.6100=0.076Compounded quarterly m=4…

Q: On June 10, 2010 The Boston Globe reported that in the five years between 2006 and 2011 Boston…

A: Inflation Rate: It is the rate at which the value of a currency is falling. This means that the…

Q: Stocks in a certain industry depreciated by 5.4% in the first 8 months of 1993. Assuming that this…

A:

Q: On January 1, 2018, $1,000 is placed in an account that earns 7% annual interest compounded…

A:

Q: Suppose you saw an advertisement in the newspaper for a financial planner who was recommending a…

A: Supposed principal amount is Compounded quarterly, Rate, APY given that=3.34 %

Q: Dylan deposited $4,000 in a 3-year CD account that pays 3.08% interest, compounded weekly. What is…

A: Use formula of compound interest weekly.

Q: A MasterCard statement shows a balance of $560 at 13.9% compounded monthly. What monthly payment…

A:

Q: ​E-Loan, an online lending​ service, recently offered 48​-month auto loans at 5.4 % compounded…

A: The objective of this question is to determine the amount that can be borrowed from E-Loan given the…

Q: Question 6 < A payday loan company charges a $30 fee for a $500 payday loan that will be repaid in…

A: The total loan amount P=$500 The charge amount for the 13 days is  c=$30

Q: A self-employed internet security specialist deposits $3,000 at the end of every month into a…

A:

Q: What is the simple interest rate on a $1650 investment paying $176.72 interest in 5.1 years? %…

A: Principal amount is 1650, interest is 176.72 and time is 5.1

Q: f $9,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A:

Q: Please explain: Suppose that $2000 is placed in an account that pays 13% interest compounded each…

A: According to the given information in this question We need to answer two parts

Q: sonia wants to have $11,000 in 8 years. use table 11-2 calculate how much she should invest now ( in…

A:

Q: Financial analysts forecast Safeco Corp's (SAF) growth rate for the future to be 8 percent. Safeco's…

A:

Q: Ms. Whodunit needs $10 000 to go on her dream vacation in three years. How much does she need to…

A:

Q: Suppose that $12,000$⁢12,000 is deposited for five years at 3%3% APR. Calculate the interest earned…

A: The deposited amount is $ 12,000. Time for the deposition is 5 years. Rate of interest is 3%.