If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $32,099.11 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.)% Mary Stahley invested $1500 in a 24-month certificate of deposit (CD) that earned 8.5% annual simple interest. How much did Mary receive when the CD matured?$When the CD matured, she invested the full amount in a mutual fund that had an annual growth equivalent to 20% compounded annually. How much was Mary's mutual fund worth after 12 years? (Round your answer to the nearest cent.)$

If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $32,099.11 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.)

If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $32,099.11 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.)

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

With an interest rate of 5 percent per year, what is the present value on December 31, 2020 of payments of $400 made on December 31 each year for the next 3 years starting in 2021? The present value on December 31, 2020 of payments of $400 on December 31 each year for the next 3 years starting in 2021 is $ d (answer to 1 decimal place).
Suppose that every 2 years beginning 3 years from now you will receive $151 in perpetuity. Assuming that the annual opportunity cost of capital is 7%, what is this stream of cash flows worth today? Round your final answer to two decimals.
What is the future value of 15 periodic payments of $39,000 each made at the end of each period and compounded at 8%? (Round answer to O decimal places, e.g. 458,581.) Future value Click here to view the factor table. https://education.wiley.com/content/Kieso_Intermediate_Accounting_17e/media/simulations/interest_rate_tables.pdf
For a present sum of $620,000, determine the annual worth (in then-current dollars) in years 1 through 7 if the market interest rate is 12% per year and the inflation rate is 5% per year.The annual worth is $?
On November 7, 2020 a sum of $41,200.00 was deposited into an account. What would be the future value of this sum of money on March 18, 2024, if the interest rate is 3.09% compounded monthly. (1year = 365days) Round the value for FV to two decimal places. P/Y= = I/Y = PV = $ % C/Y = PMT = $ DBD = FV = $ days
Please help me its $520, $2001.52 and 13 years
9
Calculate the future value in five years of $4,000 received today if your investments pay for the following interest rates. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) 6 percent compounded annually b. 8 percent compounded annually a. C. 10 percent compounded annually d. 10 percent compounded semiannually 10 percent compounded quarterly e. Future Value
The present value of $41,000 to be received in two years, at 12% compounded annually, is _____ (rounded to nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 1 0.95238 0.94340 0.93458 0.90909 0.89286 2 0.90703 0.89000 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75132 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 5 0.78353 0.74726 0.71299 0.62092 0.56743 6 0.74622 0.70496 0.66634 0.56447 0.50663 7 0.71068 0.66506 0.62275 0.51316 0.45235 8 0.67684 0.62741 0.58201 0.46651 0.40388 9 0.64461 0.59190 0.54393 0.42410 0.36061 10 0.61391 0.55840 0.50835 0.38554 0.32197 a.$36,490 b.$32,685 c.$35,811 d.$33,884
Assume that in 2020, a Liberty Seated half dollar issued in 1890 was sold for $197,000. What was the rate of return on this investment? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
What is the value in year 11 of a $2,100 cash flow made in year 3 if interest rates are 8 percent?
Calculate the present value of the following future cash flows, rounding all calculations to the nearest dollar: 11. 12. 13. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) $5,000received in threeyears with interest of 10% $5,000received in each of the following threeyears with interest of 10% Payments of $2,000 $3,000 and $4,000received in years 12and 3respectively, with interest of 7% 11. Calculate the present value of $5,000 received in three years with interest of 10%. (Enter any factor amounts to three decimal places, X.XXX.) Future value 5000 × X Present value factor .751 = Present value = 3755 12. Calculate the present value of $5,000 received in each of the following three years with interest of 10%. (Enter any factor amounts to three decimal places, X.XXX.) Amount of each cash inflow X Annuity present value factor 5000 × 2.487 = Present value of an annuity 12435 13. Calculate the present value for…

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