Answered: How many years will it take for an…

How many years will it take for an initial investment of $50,000 to grow to $75,000? Assume a rate of interest of 19% compounded continuously. (Round to two decimal places.) 1- Port

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

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Louis visits his local bank to see how long it will take for $1,000 to amount to $1,900 at a simple interest rate of 12 1/2%. How long will it take in years? B. How long will it take in months? Loius Carroll .......years ....... Months
Solve the following problems without using any software, do everything in digital format, explain the formulas, substitutions and result 3. A person has available the amount of $ 1,250,000 he wants to use to ensure a fixed monthly income for the next three years. For this purpose, deposit that amount in a revolving bank account every 30 days and a monthly interest rate of 0.8% (9.6% per year). Assuming the interest rate was held constant, what amount should you withdraw each month so that by the end of the three years the amount initially deposited would have been completely used up?
Are the two year 10 solution calculations correct?
Gordon Rosel went to his bank to find out how long it will take for $2,300 to amount to $2,980 at 8% simple interest. Calculate the number of years. (Round time in years to the nearest tenth.) Number of Years
The average Roman’s lifespan 2,000 years ago was 22 years. In 1900, a person was expected to live 47.3 years. In 2017, life expectancy is 78.5. Assume you are a 47-year-old female. (Use Table 20.1.) (for females subtract 3 years from the table.) (Leave no cells blank - be certain to enter "0" wherever required.) ***TABLE ATTACHED**** a. What annual premium would you pay for a $200,000, 5-year term life insurance policy? Annual premium b. What is the cash value after 3 years? Cash value
PV at 10% at the end of year 2. How do you get 0.82645? Do you use a calculator, if so, how do you work it out or written?
Find the future value of the following annuities. The first payment in these annuities is made at the end of Year 1, so they are ordinary annuities. (Notes: If you are using a financial calculator, you can enter the known values and then press the appropriate key to find the unknown variable. Then, without clearing the TVM register, you can "override" the variable that changes by simply entering a new value for it and then pressing the key for the unknown variable to obtain the second answer. This procedure can be used in many situations, to see how changes in input variables affect the output variable. Also, note that you can leave values in the TVM register, switch to Begin Mode, press FV, and find the FV of the annuity due.) Do not round intermediate calculations. Round your answers to the nearest cent. $600 per year for 10 years at 10%. $ $300 per year for 5 years at 5%. $ $600 per year for 5 years at 0%. $ Now rework parts a, b, and c assuming that payments are made…
I have one question, I was instructed that the answer is 17.39 years and while it's a very small difference from 17.69 years, could you please help me understand why it's a litltle bit different the answer?
Hello can you show how this was done, i cant figure out the isolation of P was done. the first is the task and the second has the solution also, but i cant figure out how it was done P = 6.06%
Please use a handrawn timeline to solve this
Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present Value $ $ GA 195 2,105 47,800 38,650 Years Interest Rate 8 % 11 10 15 $ $ $ $ Future Value 873 3,500 326,500 213,380

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