Question 6 of 6 Desert Company invests its annual savings in different mutual funds. In 2014, they invested $13,500 in high-growth funds, $3,500 in medium-growth funds, and $6,000 in low-growth funds. If the value of their low growth funds dropped by 8.60% this year, while the rest stayed the same, by what percent did the total value of the investments change? 0.00 % Round to two decimal places

Question 6 of 6 Desert Company invests its annual savings in different mutual funds. In 2014, they invested $13,500 in high-growth funds, $3,500 in medium-growth funds, and $6,000 in low-growth funds. If the value of their low growth funds dropped by 8.60% this year, while the rest stayed the same, by what percent did the total value of the investments change? 0.00 % Round to two decimal places

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

1.) Global Investment Corporation is exploring multiple investment opportunities to invest about $10 M. Four investment opportunities are being carefully evaluated. If the company is interested in maximizing the return on investment, which one is offers the best opportunity. i. 12% compounded quarterly. ii. 11.85% compounded daily. iii. 11.95% compounded monthly. iv. 11.82% compounded continuously.
Compute the present value of $1,000 to be received in three years if the rate of interest is 11 percent.
What refers to the amount of money paid for the use of borrowed capital? A. Interest B. Rate of interest C. Simple interest D. Principal If an initial investment of $1,000 is invested at 8% interest per year with annual compounding, how much would be in the account after five years? A. $1,201.8 B. $1,471.6 C. $1,091.8 D. $1,080.0
3. Sarah wants to have $2,000,000 in net worth when he retires. To achieve this goal, she plans to invest $1,000 each year (starting one year from now) into an account of time that earns 10% interest rate compounded annually. The amount of time Sarah can retire as a multimillionaire is how many years? a. 31.94 (32 years) b. 55.64 (56 years) c. 25.56 (26 years) d. 20.36 (20 years)
28)You recently obtained a $135,000, 30-year mortgage with a nominal interest rate of 7.25 percent. Assume that payments are made at the end of each month. What portion of the total payments made during the fourth year will go towards the repayment of principal?
Scenario: Wang's Wicker Furniture Store Rather than put the $100,000 that his grandmother left him in a mutual fund that earns 5% each year, Tommy Wang quit his job, which paid $60,000 per year, and started Wang's Wicker Furniture Store. He rented a showroom for $20,000 for the year, purchased $60,000 in wicker furniture, and incurred costs of $40,000 for sales help and advertising. In his first year, his revenue was $150,000. Use Scenario: Wang's Wicker Furniture Store. The accounting profit of Wang's Wicker Furniture Store is: a. $30,000. b.-$30,000. O c. $60,000. O d. $200,000.
6. Alex invested a certain amount to a business and promised to pay him back with 1.8 times his original investment. They agreed to have it compounded monthly within 9 years. What is the nominal rate of interest r in percent?
If you deposit $4,800 at the end of each of the next 15 years into an account paying 11.3 percent interest, how much money will you have in the account in 15 years? How much will you have if you make deposits for 30 years?
Question 17 The yield to maturity of a one-year, risk-free, zero-coupon bond with a $10,000 face value and a price of $8,063 when released is %. (round your answer to two decimal places)
You purchase a 3-year $1000 face value bond that has a coupon rate of 5% while the market interest rate is also 3%. What is the price, current yield and YTM? What is the market interest rate drops to 4% right after you purchase the bond? What is rises to 6%
ASAP. Use 2 decimal places for the final answer 5. If I loaned an amount of P50,000.00 with an interest rate of 11.98 % compounded monthly for 5 years. What is the real interest rate or the effective interest rate in percent?
Intro In order to save for your retirement, you want to save $2,000 every year for 15 years, starting one year from now. The annual interest rate on your savings account is 8%. Part 1 How much money will you have in your account in 15 years? 0+ decimals Submit