If you have $1,000 and earn an annual simple interest rate of 5%, how much will you have at the end of 3 years? a) $1,150 b) $1,200 c) $1,250 d) $1,300
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interest rate of 5%, how much will you have
at the end of 3 years?
a) $1,150
b) $1,200
c) $1,250
d) $1,300"
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- How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one year and the rate is 10%?If you have $1,000 and earn an annual simple interest rate of 5%, how much will you have at the end of 3 years? a) $1,150 b) $1,200 c) $1,250 d) $1,300How much do you have to deposit at the end of each year if you need $ 2856 in 4 years, assuming k = 8%?
- If you could save $12,000 per year ($1,000 per month) for 20 years towards your retirement and you could earn an APR of 4%, and compounded monthly what would the balance be in your retirement account at the end of 20 years for each of the senarios described below? Senario 1: If the initial deposit is $0 and you choose to make $1000 deposit at the end of every month for 20yrs Senario 2: If the initial deposit is $1000 and are making periodic deposits at the beginning of every month for 20yrs Senario 3: If you are making only an annual deposit of $12000 at the beginning of each year (say 2nd Jan which is the first business day of the year) for 20yrs Senario 4: if you are making only an annual deposit of $12000 at the end of each year (eg: 31st of Dec which is the last business day of the year) for 20yrs1) What is the maximum that you would be willing to loan your brother for a $100 IOU if he promises to pay you back at the end of the year? You want to earn an annual rate of return of 12%. A) $82.00 B) $89.29 C) $92.73 D) $88.00You plan to invest $1,200 at the end of year 1, $2,000 at the end of year 2, and $3,700 at the end of year 3. If you can earn 6.50 %, compounded annually, how much you will have in your account by the end of the 3rd year.
- If you invest $1,000 at an annual interest rate of 5% compounded annually, how much will you have after 3 years? a) $1,150.00 b) $1,157.63 c) $1,162.89 d) $1,175.25You plan to invest $2,000 per year into a retirement account. If you earn a compound annual rate of return of 5%, how many years will it take you to reach a balance of $500,000?you want to have $10,000 in 5 years and can earn 3.2% annually. How much must you deposit today to achieve your goal?
- You need $24787 in 5 years. If you think you could earn an annual rate of 12.35%, what would be your required annual deposit to meet your goal? Answer:If you deposit $4,000 at the end of each year into an account which earns 10.3%, how many years will it take until your account is worth $1,000,000? (using a spreadsheet)You would like to save $250,000for retirement. If you are planning to retire 30 years from now, how much should you deposit each month into an account that pays 7.2% interest compounded monthly? What is the total interest earned?