In 1895, the first U.S. Open Golf Championship was held. The winner's prize money was $170. In 2019, the winner's check was $1,390,000. a. What was the percentage increase per year in the winner's check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the winner's prize increases at the same rate, what will it be in 2049? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Increase per year b. Winners prize in 2049 %

In 1895, the first U.S. Open Golf Championship was held. The winner's prize money was $170. In 2019, the winner's check was $1,390,000. a. What was the percentage increase per year in the winner's check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the winner's prize increases at the same rate, what will it be in 2049? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Increase per year b. Winners prize in 2049 %

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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ok it nces In 1898, the first Green Jacket Golf Championship was held. The winner's prize money was $230. In 2020, the winner's check was $2,640.000. a. What was the annual percentage increase in the winner's check over this period? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. If the winner's prize increases at the same rate, what will it be in 2056? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 1,234,567.89. a. Annual percentage increase b. 2056 prize money %
George Robinson must decide how to invest $11,000 that he just inherited. What would be the future value of his investment after 4 years under each of the following three investment opportunities? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)a. 6.47 percent compounded quarterly. Value of investment after 4 years $ b. 6.09 percent compounded monthly. Value of investment after 4 years $ c. 6.09 percent compounded continuously. Value of investment after 4 years $
In 1895, the first U.S. Open Golf Championship was held. The winner's prize money was $160. In 2019, the winner's check was $1,400,000. a. What was the percentage increase per year in the winner's check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the winner's prize increases at the same rate, what will it be in 2050? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. 7.59 % a. Increase per year b. Winners prize in 2050 $ 13,522,505.56 Return to question
Mark Harris must decide how to invest $20,000 that he just inherited. What would be the future value of his investment after 7 years under each of the following three investment opportunities? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)a. 6.48 percent compounded quarterly. Value of investment after 7 years $ b. 6.00 percent compounded monthly. Value of investment after 7 years $ c. 6.23 percent compounded continuously. Value of investment after 7 years $
On January 1, you win $46,000,000 in the state lottery. The $46,000,000 prize will be paid in equal installments of $5,750,000 over eight years. The payments will be made on December 31 of each year, beginning on December 31 of this year. The current interest rate is 5%. Determine the present value of your winnings. Round your answer to the nearest dollar. $ fill in the blank 2
Assume 30 years ago, you invested a lump sum and earned 4.65 percent interest, compounded annually. Today, you withdrew the proceeds of that investment, totaling $49,255. How much did you originally invest? (Round your answer to the nearest dollar and do NOT include a comma or dollar sign in your answer i.e. 12345) Numeric Response
Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Marcus invests $9,500, at 9% interest, compounded annually for 18 years. Calculate the compound interest for his investment. a. $15,390.00 b. $24,890.00 c. $35,312.64 d. $44,812.64
Can anyone help me to answer this ?
i need accurate answer. make sure (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Compute the future value in year 9 of a $2,000 deposit in year 1, and another $1,500 deposit at the end of year 3 using a 10 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Today is 1/7/2021, John plans to deposit $500 at the beginning of each month into an investment fund. The first deposit will be deposited today. John predicts that the return rate of this fund will be j2=2.23% from 1/7/2021 to 30/9/2021 and j2=4.3% from 1/10/2021 to 31/12/2021. What will be balance amount of this account on 31/12/2021? Round your answer to three decimal places. a. 3032.601 b. 3033.695 c. 3032.335 d. 3031.814
Compute the present value of a $2,000 deposit in year 1, and another $2,500 deposit at the end of year 4 using an 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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