Sandy wants to go on a trip in 10 years if she invest $1000 per year at the end of each year for 10 years at a 12% interest rate, she will accumulate blank to spend on her trip?
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Sandy wants to go on a trip in 10 years if she invest $1000 per year at the end of each year for 10 years at a 12% interest rate, she will accumulate blank to spend on her trip?
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- sandy wants to go on a trip in 10 years if she invests 1000 per year at the end of each year for 10 years at a 12% interest rate, she will accumulate (blank) to spend on her trip ?Sandy wants to go on a trip in 10 years. If she invests $1,000 per year at the end of each year for 10 years at a 12% interest rate, she will accumulate ____ to spend on her trip Group of answer choices $17,549. $15,105. $10,610. $16,710. $12,130.marian plunket owners her own business and is considering an investment. If she undertakes the investment, it will pay $32,000 at the end of each of the next 3 years. The opportunity requires an initial investment of $8,000 plus an additional investment at the end of the second year of $40,000. What is the NPV of this opportunity if the interest rate is 8% per year? Should marian take it?
- (b) Aminah plans to buy a house in Shah Alam which the market price is RM450,000. To buy the house, she needs to pay 10 percent down payment and only has 5 years to accumulate that amount of money. Calculate the amount she needs to deposit every year if the account pays 8 percent interest annually.Linda expects to receive P35,569.22 , 9 years from now. How much should she invests for three consecutive years (annually) starting THIS YEAR if the interest rate is 0.250? Use knowledge about ANNUITIES in solving thisJustine is thinking about purchasing an investment from RCBC Capital. If she buys the investment, Justine will receive P1,000 every three months for two years. The first P1,000 payment will be made as soon as she purchases the investment. If Justine's required rate of return is 16%, how much should she be willing to pay for this investment? a.P1,368.57 b.P10,764.80 c.P1,345.60 d.P7,002.05
- Your mom is thinking of retiring. Her retirement plan will pay her either $200,000 immediately on retirement or $280,000 five years after the date of her retirement. Which alternative should she choose if the interest rate is: 0% per year? 8% per year? 20% per year?Jenna is considering an investment which has a price of $16,000. She expects to receive $1,000 for 3 years, followed by $1,400 for another 4 years. At the end of the 7th year, Jenna expects to sell the investment for $25,000. If Jenna can borrow money at a rate of 10%, what is the investment's net present value?How long will it take for Michelle's investment to be worth $55,000 if she presently has $32,000 and can earn 10% interest, compounded annually?
- Angela wishes to buy a boat in five years that presently costs $150,000. She expects the cost of the boat to increase due to inflation by 3% per year for the next two years and 4% per year the following three years. She also wants to spend $50,000 per year for 6 years beginning at the end of 10 years from today. How much must she save each year for the next 5 years if she can earn 6% on her investments? a. $66,302.67 b. $64,347.13 c. $65,946.95 d. $61,349.81 e. None of these are correctThe Flemings will need $80,000 annually for 20 years during their retirement. How much will they have at retirement if they can earn a 4% rate of interest on their investment?Hannah wants to have $1500 to help pay for a new deck in 13 years. If she wants to put her money into an account earning 8.5% interest compound continuously, how much should she invest now, so that she will have $1500 in 13 years? Payment amount =
