If you invest $8,000 at the end of every year for nine years at an interest rate of 8%, the balance of your investment in 3 years will be closest toFuture Value of $1Periods3455%1.150121612761.340Future Value of Annuity of $1Periods5%33.15344.310A. $25,968OB. $10,080OC. $24,000OD. $20,6166%1.1911.2621.3381.4106%3 1844.3758%1.2001.3601.4001.5878%3.2464.50610%1.3311.46416111.77210%3.3104.641

A present asset's future value, abbreviated as FV, is the value that an asset is expected to have at…

If you invest $8,000 at the end of every year for nine years at an interest rate of 8%, the balance of your investment in 3 years will be closest to Future Value of $1 Periods 3 5 5% 1.150 1216 1276 1.340 Future Value of Annuity of $1 Periods 5% 3 A. $25,968 OB. $10,080 OC. $24,000 OD. $20,616 3.153 4.310 6% 1.191 1.262 1.338 1.410 6% 3.184 4.375 8% 1.200 1.300 1.400 1.587 8% 3.246 4506 10% 1.331 1.464 1611 1.772 10% 3.310 4.641

If you invest $8,000 at the end of every year for nine years at an interest rate of 8%, the balance of your investment in 3 years will be closest to Future Value of $1 Periods 3 5 5% 1.150 1216 1276 1.340 Future Value of Annuity of $1 Periods 5% 3 A. $25,968 OB. $10,080 OC. $24,000 OD. $20,616 3.153 4.310 6% 1.191 1.262 1.338 1.410 6% 3.184 4.375 8% 1.200 1.300 1.400 1.587 8% 3.246 4506 10% 1.331 1.464 1611 1.772 10% 3.310 4.641

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000 with the final payment? Use a nominal rate of 7.23%. $1,039 $946 O $882 O $990 O $873
11. Compute the current value of a 5-year $7,000 annuity starting in 5 years' time; assuming interest rates are 10%? (Rounded to the nearest $1) A $24,933 B $27,488 C $54,052 D Answer not shown
1.16q
Which comes closest to the future value of $875 to be received at the end of 7 years, if the amount earns an annual interest rate of 4% and is compounded 4 times per year? O $1156.13 O $664.93 O $662.23 O $910.00 O $1151.44 SUBMIT ANSWER
Gary King will deposit $27500 into an account today that earns 13% per year compounded annually. Using the following factors, what is the amount that will be in the account at the end of the 5 years? Type of Cash Flow Periods Interest Rate Factor PV of $1 5 13% 0.5428 FV of $1 5 13% 1.8424 PV ordinary annuity 5 13% 3.5172 FV ordinary annuity 5 13% 6.4803 PV annuity due 5 13% 3.9744 $25333 $50666 $14927 $29854
Suppose you invest $3,800 today in an account that earns a nominal annual rate (inom) of 12 percent, with interest compounded quarterly. How much money will you have after 12 years? a. $5,417.89 b. $15,702.56 c. $14,804.71 d. $875,484.95 e. $51,072.00
If you require a 12% annual return on your investments, would you prefer S20, 000 six years from today or an annuity paying Sl, 800 at the beginning of each year for 13 years. a. The annuity paying Sl, 800 at the beginning of each year for 13 years.b.The annuity paying Sl, 600 at the beginning of each year for 15 years.c.The S20, 000 six years from today d.The S20, 000 five years from today
What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the interest rate is 5%? $8,509 $8,957 $9,428 $9,924 $10,446
After 40 years, you will have approximately ….
Find the future value of $2500 deposited at the end of every 6 months for 10 years if interest is 6% compounded quarterly? a $67 329.89 b $62 368.65 c $57 809.17 d $50 000.00
The amount of $10,000 is invested and will be worth $21,000 in nine years What is the cortiusly compounded nominal (annual) interest rate? Select one: O a. 8.2% O b. 7.7% C. 8.8% O d. 6.5% O e. 7.1%
If you deposit $500 every 6 months for 7 years at an interest rate 20% compounded quarterly, how much money will you have in your account at the end of 7 years? A. $10,985 B. $16,560 C. $12,685 D. $14,255