How long will it take $300 to accumulate to $800 at j12 = 7%? Assume that the practical method of accumulation is in effect. (Be sureto use linear interpolation.)Answer: 145 Xyears, 5months and 29Note: Carry four decimal places through all calculations. Your answers should be integers.Xdays

Future value of money is the amount being deposited and amount of compounded interest accumulated…

How long will it take $300 to accumulate to $800 at j12 = 7%? Assume that the practical method of accumulation is in effect. (Be to use linear interpolation.) Answer: 14 years, 5 X months and 29 Note: Carry four decimal places through all calculations. Your answers should be integers. X days

How long will it take $300 to accumulate to $800 at j12 = 7%? Assume that the practical method of accumulation is in effect. (Be to use linear interpolation.) Answer: 14 years, 5 X months and 29 Note: Carry four decimal places through all calculations. Your answers should be integers. X days

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

Using either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount. $7000, deposited at 3% compounded quarterly, to reach at least $8000 ... The time required is year(s). (Type an integer or decimal rounded up to the next quarter.)
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.
Complete the table for the time t (in years) necessary for P dollars to triple when interest is compounded annually at rate r. (Round your answers to two decimal places.) 2% 3% 4% 5% 6% 54.93 r t Create a scatter plot of the data. r 60 50 40 30 20 10 60 50 40 30 20 10 t 2 2 3 36.62 3 4 4 X 5 5 27.47 6 6 7 7 8 8 21.97 t r X r 60 50 40 30 20 10 60 50 40 t 30 20 0> 10 18.31 X 2 2 3 3 4 4 7% 15.69 X 5 5 6 6 7 7 8 8 t r
What interest rate would be necessary for $6,550 investment to grow to $9,300 in an account compounded continuously for 5 years? Number % your & percentage rounded to be decimal place
How long will it take $300 to accumulate to $900 at j12 = 7% ? Assume that the practical method of accumulation is in effect. (Be sure to use linear interpolation.)
Determine the following (1–18) measures for 20Y2, rounding to one decimal place, except the dollar amount, which should be rounded to the nearest cent. Use the rounded answer to the requirement for subsequent requirements, if required. Assume 365 days a year. Show each formula and calculation on the worksheet. amount which should be rounded to the nearest cent. use the rounded answer to the requirment for subsequent requirements, if required. Assume 365 days a year. Formula Calculation and Answer 1 Working Capital Stargel Inc. 2 Current ratio Comparative Retained Earnings Statement 3 Quick ratio For the Years Ended December 31, 20Y2 and 20Y1 4 Accounts receivable turnover 20Y2 20Y1 5 Number of days' sales in receivables days Retained…
How long will it take $200 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places. 4%. year(s) 13%. year(s) 17%. year(s) 100%. year(s)
Solve the problem. Round to the nearest cent. A=P1+rnnt P=A1+rnnt A=Pert Y=1+rnn−1 How much money should be deposited today in an account that earns 4% compounded semiannually so that it will accumulate to $4,000 in 4years?
Compute the future value of $2,500 continuously compounded for 6 years at an APR of 11 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $
General Instruction: Use Yellow paper for your computation and answer. Task 1. Compute the interest of the following: 1. P25,000 at 6% simple interest for 1 year. 2. P30,000 at 9.5% simple interest for 90 days. 3. P60,000 at 12.5% simple interest for 2 years and 6 months.
Using either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount. $7000, deposited at 7% compounded quarterly, to reach at least $8000 The time required is year(s). (Type an integer or decimal rounded up to the next quarter.)
You invest $500 in an account that earns $10 interest each year at each year a) at the end of 24months , what is the balance b) at the end of 30months, what is the balance c) at the end of 5years, what is the balance d) find the linear equation that gives the balance after t years

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS