From 1 January 2003 to 31 December 2012, the value of Ellie's house increased from $200,000 to $320,000. Calculate the rate of increase per annum based on simple interest.
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- What is the present worth in year 0 of a uniform series of payments of $1,000 in years 2 thru 5 and another series of $2,000 payments in years 8 thru 12 at an interest rate of 12% per year?The purchase price of an acre of land in the Louisiana purchase in 1803 was about 4 cents. Suppose the value of this property grew at an annual rate of 4.9% compounded annually. What would an acre of land be worth in 2016?Don’s investment amounts to ₱9,800 after 5 years and ₱12,005 after 8 years at the same rate of simple interest. The rate of interest per annum is:
- Margaret Hillman invested $3,000 at 1.6% compounded quarterly for one year. Find the future value and the interest earned for the year. The future value is $ (Round to the nearest cent as needed.) The compound interest is $. (Round to the nearest cent as needed.)What is the present value of $2,000 received today, $2,500 received at the end of each of the next ten years and $1,000 received at the end of the 11th year , assuming a required rate of return of 6%?Margaret Hillman invested $7,000 at 1.8% compounded quarterly for one year. Find the future value and the interest earned for the year. The future value is $ (Round to the nearest cent as needed.)
- Which of the following amounts is closest to the end value of investing $7,500 for 2 1/2 years at an effective annual interest rate of 12.36 % ? Interest is compounded semiannually. A) $7,531. B) $ 8,427. C) $9,818. D) $9,469. E) $10, 037What rate of interest compounded annually is involved if:Carla Vista Co. earns 7% on an investment that pays back $83,000 at the end of each of the next 6 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Carla Vista Co. invested to earn the 7% rate of return? (Round answer to 2 decimal places, e.g. 5,275.25.) Carla Vista Co. invested $
- Using the following partial table of present value of $1 at compound interest, determine the present value of $25,000 to be received four years hence, with earnings at the rate of 10% a year. Year 6% 10% 12% 1 .943 .909 .893 2 .890 .826 .797 3 .840 .751 .712 4 .792 .683 .636 a.$22,725 b.$15,900 c.$17,075 d.$19,800Find Simple Interest, A sum of $78000, is invested from March 13 until Dec 20 of the same year at 14.25% simple interest. using any two methods of computing Simple Interest:Which of the following investments will have the highest future value atthe end of 10 years? Assume that the effective annual rate for allinvestments is the same. a. Investment E pays $250 at the end of every year for the next 10 years (a total of 10 payments). b. Investment B pays $125 at the end of every 6-month period for the next 10 years (a total of 20 payments). c. Investment C pays $125 at the beginning of every 6-month period for the next 10 years (a total of 20 payments). d. Investment D pays $2,500 at the end of 10 years (a total of one payment). e. Investment A pays $250 at the beginning of every year for the next10 years (a total of 10 payments).
