Lane invests $7,250 at 6% interest, compounded annually for 25 years. Calculate the compound interest for his investment. $10,875.00 $18,125.00 O s23,866.06 O $31,116.06
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- 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. $44,812.64Solve 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) Simon invests $19,250, at 7% interest, compounded annually for 12 years. Calculate the compound amount for his investment. $16,170.00$24,104.66 $35,420.00$43,354.66Solve 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 $6,750, at 7% interest, compounded annually for 16 years. Calculate the compound interest for his investment. $7,560.00$13,177.08 $14,310.00$19,927.08
- 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) Omar invests $2,875 at 6% interest, compounded semiannually for 3 years. Calculate the effective interest rate for his investment. (Round to nearest hundredth percent.) 5.91% O 6.00% O 6.09% O6.18%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) Anibal invests $4,500 at 8% interest, compounded quarterly for 1 year. Calculate the effective interest rate for his investment. (Round to nearest hundredth percent.) O 7.96% O 8.00% O 8.24% O 9.01% Need Help? Read ItSolve 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) Omar invests $4,500 at 8% interest, compounded semiannually for 4 years. Calculate the effective interest rate for his investment. (Round to nearest hundredth percent.) a. 7.84% b. 8.00% c. 8.16% d. 8.32%
- 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) You wish to have $17,750 in 12 years. How much should you invest now at 6% interest, compounded annually in order to have $17,750, 12 years from now? O $1,395.44 O $8,655.43 O $8,821.22 O $12,513.04Solve 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) Leonora wants to have $17,750 in 1 year. Calculate how much she should invest now at 9% interest, compounded semlannually in order to reach this goal. O $8,142.20 O $16,227.76 O $16,254.21 O $16,985.69Solve 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) You wish to have $18,250 in 9 years. How much should you invest now at 5% interest, compounded annually in order to have $18,250, 9 years from now? O $1,931.22 O $11,647.52 O $11,764.13 O $14,652.56 Need Help? Read It
- The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry Elaine $12,300 12% Quarterly 15,300 8 Semiannually George 22,300 7 Annually Kramer 18,300 9 Annually Required: 1-a. Calculate the future value at the end of five years. (EV of $1, PV of $1, FVA of $1, and PVA of $1) 1-b. Who has the greatest investment accumulation? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Calculate the future value at the end of five years. (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Jerry Elaine George Kramer Future ValueYou deposit $2500 each year into an investment account that earns 8.5% interest for 20 years.Find the value of sn\i. Group of answer choices 11.76470588 16.87675201 51.10869654 48.37701323Question#11: A person invested JD 50,000, after 4 years he invested an additional JD10,000, if after 10 years the total amount of these investments become JD 200,000. Find the annual interest rate for this investment.
