Stacy makes a $4,600 investment at the end of every year. Interest is 8% per year and is compounded quarterly. Shemakes a total of ten investments. Find the value of the investment immediately after the 10th investment.$71,395$66,638$76,661$67,413$48,928

The objective of the question is to find the value of Stacy's investment immediately after the 10th…

Answered: Stacy makes a $4,600 investment at the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ralph has an investment worth $264,289.32. The investment will make a special payment of X to Ralph in 2 years from today. The investment also will make regular, fixed annual payments of $67,000.00 to Ralph with the first of these payments made to Ralph in 1 year from today and the last of these annual payments made to Ralph in 5 years from today. The expected return for the investment is 11 percent per year. What is X, the amount of the special payment that will be made to Ralph in 2 years? O $16,664.22 (plus or minus 10 dollars) O $20,531.99 (plus or minus 10 dollars) O $12,184.74 (plus or minus 10 dollars) O $74,370.00 (plus or minus 10 dollars) O none of the answers are within 10 dollars of the correct answer
Rosa has a annuity worth $20, 000 to help pay for expenses while they are in a year-long (12-month) masters program. The annuity earns 5.4 % compounded monthly. Using the present value annuity formula, they find the will receive $1708 monthly during this time, sent to them at the start of the month. Fill in the table to track how much money remains in the annuity after each month. Round answers to 2 decimal places and use rounded answers in subsequent calculations. Time (Months) 0 2 3 Balance at start of month (after payment) $ $ $ Interest Earned during Time Period $ s $ Balance at end of month $ 20,000 $ $ $
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Ahmad is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded monthly.What would be the balance at the end of 10 years? Select one: a. $163,879 b. $127,200 c. $159,423 d. $158,169
Jim deposits $3,000 today an account that pays 10% per year and follows it up with three more deposits at the end of each of the next 3 years. Each subsequent deposit is $2,000 higher than the previous one. How much money will jim have accumulated in his account by the end of 3 years?
suppose Andy invests $1000 at the end of every quarter for the next 11 years in an account that earns 7.3% compounded quarterly. how much money will Andy have in his account after the 11 years?
Pueblo starts his account with the amount of $8,000. he add $100 each month. the account earns 7.1% interest, compounded monthly. The investment will last him for about 41 years. Pubelo thinks that beyond the $100 that he add each month, how much additional monthly payment will he need to add in order for the account to end with $770,000 after 41 years.
Jane invests $700 at the end of each year for 5 years. If interest is paid at 7%/a compounded semiannually, how much will the investment be worth immediately after the last deposit is made? $28,183 $3.753 $8,211 $9,671
Jennifer establishes an investment account to pay for college expenses for her daughter. She plans to invest X at the beginning of each month for the next 20 years. Beginning at the end of the 17th year, she will withdraw 55,000 annually. The final withdrawal at the end of the 20th year will exhaust the account. She anticipates earning an annual effective yield of 11% on the investment. Calculate X. 276.80 307.70 317.60 346.20 349.10
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Stacy makes a $4,600 investment at the end of every year. Interest is 8% per year and is compounded quarterly. She makes a total of ten investments. Find the value of the investment immediately after the 10th investment. $71,395 $66,638 $76,661 $67,413 $48,928