John Bryant invests $45,000 at 9% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. Atthe end of the 8 years, John withdraws the accumulated amount of money. (For calculation purposes, use 5 decimal places as displayed inthe factor table provided.)Click here to view the factor table.(a)Compute the amount John would withdraw assuming the investment earns simple interest. (Round answer to 0 decimal places, e.g.458,581.)Total withdrawn%24

Given, Principal amount (P) = $45,000 Rate of interest (r) = 9% Number of years (t) = 8 years

Answered: John Bryant invests $45,000 at 9%…

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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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
Ac
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Wilson invested $6000 into an account earning 4.9% interest per year, compounded quarterly. Find the total value of his investment after 7 years. Give the answer to 2 decimal places, and do not use the $ sign in the answer box. The total value is Blank 1. Calculate the answer by read surrounding text. dollars.
Lynn Ally, owner of a local Subway shop, loaned $48,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 9 years with 8% interest compounded semiannually. How much will Lynn receive at the end of 9 years? (Use the Table provided.) Note: Do not round intermediate calculations. Round your answer to the nearest cent.
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am. 31.
100. Subject :- Finance
Troy will receive $8678 at the end of Year 2. At the end of the following two years, he will receive $8260 and $2665, respectively. What is the future value of these cash flows at the end of Year 6 if the interest rate is 4 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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