Paul Spear invested $13,000 today in a fund that earns 10% compounded annually.Click here to view factor tables.To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 10%annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0decimal places, e.g. 458,581.)Investment at 10% annual interestInvestment at 10% annual interest, compounded semiannually$$LA17303.00000

The maturity value of the investment will be future value of amount invested today at the given rate…

Paul Spear invested $13,000 today in a fund that earns 10% compounded annually. Click here to view factor tables. To what amount will the investment grow in 3 years? To what amount would the investment g annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. decimal places, e.g. 458,581.) Investment at 10% annual interest Investment at 10% annual interest, compounded semiannually LA 17303.00000

Paul Spear invested $13,000 today in a fund that earns 10% compounded annually. Click here to view factor tables. To what amount will the investment grow in 3 years? To what amount would the investment g annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. decimal places, e.g. 458,581.) Investment at 10% annual interest Investment at 10% annual interest, compounded semiannually LA 17303.00000

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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Similar questions

Bright Inc. will be receiving $5,500 at the end of every month for the next 3 years. If these payments were directly invested into a fund earning 6.00% compounded semi- annually, what would be the future value of the fund at the end of 3 years? $0.00 Round to the nearest cent
An investor deposits $1000 at the beginning of each year for five years in a fund earning 5% effective. The interest from this fund can be reinvested at only 4% effective. Show that the total accumulated value at the end of ten years is 1250($111.04 - $1.04 −1).
Ayayai Corporation wants to withdraw $125,900 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Required initial investment %24
David Quincy wants to withdraw $30,800 each year for 10 years from a fund that earns 10% interest. Click here to view factor tables. How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First withdrawal at year-end First withdrawal immediately
Week 3Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added anadditional $20,000 to that account. You earned 8%, compounded semi-annually, for the first ten years,and 6.5%, compounded annually, for the last five years.Required: c) If you wish to have $85,000 now, how much should you have invested 15 years ago?
You have invested $48, 800 in an investment fund. What amount can you withdraw from this fund in 10 years? The fund is offering an annual interest rate of 9.1%.
Bright Inc. will be receiving $5,500 at the end of every month for the next 2 years. If these payments were directly invested into a fund earning 6.00% compounded semi-annually, what would be the future value of the fund at the end of 2 years? Round to the nearest cent
Bright Inc. will be receiving $5,500 at the end of every month for the next 2 years. If these payments were directly invested into a fund earning 6.00% compounded semi-annually, what would be the future value of the fund at the end of 2 years? Round to the nearest cent
You invested $10,500 at the end of each quarter for 6 years in an investment fund. At the end of year 6, if the balance in the fund was $265,000, what was the nominal interest rate compounded quarterly? 0.00 % Round to two decimal places
Blake contributed $658 at the end of every 3 months into an RRSP fund earning 2.3% compounded quarterly for 9 years. What is the amount of interest earned over this period? Round to the nearest cent Answer:
At the beginning of each year, you deposit the following into a growthmutual fund that earns 6 percent per year:Year Deposit1 $ 5,000.002 7,500.003 4,500.004 5,500.005 6,200.00 ======== $28,700.00How much should the fund be worth at the end of 5 years?
Steven Spear invested $14,000 today in a fund that earns 10% compounded annually. Click here to view factor tables. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 10% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 10% annual interest Investment at 10% annual interest, compounded semiannually $

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