Juan Garza invested $121,000 10 years ago at 8%, compounded quarterly. How much has he accumulated? Calculate your final answer using the formula
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- Juan Garza invested $20,000 10 years ago at 12 percent, compounded quarterly. How much has he accumulated? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)Steven Garcia invests $14,404.31 now for a series of $2,700 annual returns beginning one year from now. Steven will earn a return of 10% on the initial investment. Click here to view the factor table 1. Table 2 Table 3 Table 4 How many annual payments of $2,700 will Steven receive? (Hint: Use Table 4.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.24571. Round answer to O decimal places, e.g. 25.) Number of annual payments eTextbook and Media Save for Later Attempts: 0 of 5 used Submit AnswerSuppose you inherited $935,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 20 years? Select the correct answer. a. $89,592.14 b. $89,616.94 c. $89,641.74 d. $89,629.34 e. $89,604.54
- Bruno deposited $7,500 into an investment account and seven years later, the balance in the account was $10,910. What is the rate of return on this investment if interest is compounded annually? 5.5% 6.0% 6.5% 45.5%Mr. Y invested $1,000 during the year 2009. After ten years, he sold the investment for $ 1,600 in 2019. Calculate the return on the investment if compounded yearly. A. 4.11% B. 4.21% C. 4.01% D. 4.81% A loan of P5,000 is made for a period of 15 months, at a simple inter rate of 15%, what future amount is due at the end of the loan period? A. 5,937.50 B. 5,873.20 C. 5,712.40 D. 5.690.12Suppose you inherited $200,000 and invested it at 6% per year. How much could you withdraw at the beginning of each of the next 15 years? use excel format
- Assume that Karen Williams desires to accumulate $1,000,000 in 15 years using her money market fund balance of $209,004. At what interest rate must Karen’s investment compound annually? (Round answer to 0 decimal places, e.g. 5%.) Interest rate %Suppose you inherited $175,000 and invested it at 8.55% per year. How much could you withdraw at the end of each of the next 20 years? a. $3,597.30 b. $18,949.32 c. $17.097.93 d. $18,559.80 e. $14,962.50How do you solve this on a HP 10bII+ financial calculator?
- Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 20 years? a. $22,598.63 b. $23,788.03 c. $25,040.03 d. $26,357.92 e. $27,675.82Ten (10) years ago Bruce invested $1,000. Today, the investment is worth $3,250. If interest is compounded annually, what annual rate of return did Bruce earn on his investment? Do not round intermediate calculations. Round your answer to one decimal place.7. Patrick invested P60,000.00 to a ROR of 10.5% compounded quarterly for 9 years. How much is the future worth of Patrick's money after 9 years? Use up to 6 decimal places when solving the problem. Answer rounded off up to two 2 decimal places.