it take to double your money? To quadruple it?8. Calculating Rates of Return In 2018, one of the first copper pennies struckat the Philadelphia mint in 1793 was sold for $300,000. What was the rate ofLO 3return on this investment?9. Calculating the Number of Periods You're trying to save to buy a new$175 000 Ferrari You have $35.000 today that can be invested at your bank.0 4

We use the formula: A=P(1+r/100)^nwhereA=future valueP=present value r=rate of interestn=time…

In 2018, one of the first copper pennies struck 8. Calculating Rates of Return at the Philadelphia mint in 1793 was sold for $300,000. What was the rate of return on this investment? of Poriods You're trying to save to buy a new

In 2018, one of the first copper pennies struck 8. Calculating Rates of Return at the Philadelphia mint in 1793 was sold for $300,000. What was the rate of return on this investment? of Poriods You're trying to save to buy a new

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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You have been depositing money into an account yearly based on the following investment amounts, rates and times, what is the value of that investment account at the end of that period? (Click here to see present value and future value tables) Amounts ofInvestment Rate Times Value at the Endof the Period $9,000 20% 16 years $fill in the blank 1 $13,000 15% 11 years $fill in the blank 2 $16,000 12% 6 years $fill in the blank 3 $35,000 10% 4 years $fill in the blank 4
Please answer with explanation. I will really upvote. Thanks
Your answer is incorrect. Sheridan Company is considering investing in an annuity contract that will return $33,500 annually at the end of each year for 15 years. Click here to view the factor table. What amount should Sheridan Company pay for this investment if it earns an 10% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Sheridan Company should pay $ eTextbook and Media Save for Later SUPP Attempts: 2 of 3 used Submit Answer
ou have discovered an investment opportunity that earns a 3% rate of interest compounded semiannually. What amount should you deposit today to have $7000 in three years? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.) $6400 $6370 $6406 $6402
A small business has determined that the machinery they currently use will wear out in 17 years. To replace the new machine when it wears out, the company wants to establish a savings account today. If the interest rate on the account is 1.1 percent per quarter and the cost of the machinery will be $255,000, how much will the company have to deposit today?
I recently found a real-life advertisement in the newspaper. (Only the phone number has been changed.) Suppose that you have won a $20,000,000 lottery, paid in 20 annual installments. How much would be a fair price to be paid today for the assignment of this prize? Assume the money could be invested at 12%. (Assume the lottery pays out as an ordinary annuity. Round your answer to the nearest cent.) $ la-7:30p ffordable. 555-8310. Massage 55 in/o CARE 555-372 DUCH 8-3590 * 21 Massage In Call 253 E LOAN WANTED: $150,000, se- sold unless cured by approx. $600,000 clearly indic equity In four sepsele proper- and telemai pay 1476 and five ptain the be en earni or implied. ma es eve advertiseme or do no or quirement Have exc. credit. 555-4285. *** WE PAY CASH *** for R.E notes, lotteries, annuities, bus. notes, Inheritances. Please call 800-555-7853. 2 ENTREPRENEURS need invesnot be resp to establish a juice error, we as Min. S Interest. 555-4668. 15% be reportec may take e $6000 NEEDED for…
How much money should be deposited today in an account that earns 4.5% compounded monthly so that it will accumulate to $11,000 in 4 years? i Click the icon to view some finance formulas. The amount of money that should be deposited is $. (Round up to the nearest cent as needed.)
An asset was issued 11 months ago. The asset promised to make semi-annual payments (one payment every six months) of $80 each, from the date of issuance, for two years. All payments are equally risky and thus they have the same discount rate. You've decided that the discount rate is 12%. According to these numbers, how much is the asset worth to you today? Round your answer to the NEAREST DOLLAR.
A local bank is running the following advertisement in the newspaper: "For just $5,000 we will pay you $300 forever!" The fine print in the ad says that for a $5,000 deposit, the bank will pay $300 every year in perpetuity, starting one year after the deposit is made. What interest rate is the bank advertising (what is the rate of return of this investment)?

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