Suppose you deposit $10,000 on March 21 in a fund earning simple interest at r = 13%. How much will you have exactly 6 months later? A. $10,655.34 B. $10,650.00 C. $10,664.44 D. $10,658.91
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- B 2. Deposits of $6000 are made every 6 months into a fund starting today and continuing until 10 deposits have been made. Six months after the last deposit, there is $70 630 in the fund. What nominal rate of interest, j2, do the deposits earn?Suppose you deposited $41,000 in a bank account that pays 5.75% with daily compounding based on a 360-day year. How much would be in the account after 8 months, assuming each month has 30 days? a. $42,598.28 b. $42,571.67 c. $43,426.30 d. $42,793.66 e. $42,602.05You invest $1500 today and another $2000 18-months from today in a fund earning j4 = 8% for the first 18 months followed by j2 = 6% thereafter. How much do you have at the end of 4 years? A. $4274.59 B. $4276.84 C. $4007.79 D. $4377.73
- Assume you invest $1 000 at the end of this year, at the end of the second year, and at the end of the third year. How much will you have at the end of the fourth year if interest rates are 5% p.a.? Select one: a. $3,405.54 b. $3,310.12 c. $3,215.41 d. $3,100,21vvk.2You deposit the following at the end of each year into a growth mutualfund that earns 11 percent per year:Year Deposit ($)1 4,0002 3,5003 2,5004 2,0005 1,700 ======== $13,700a. How much should the fund be worth at the end of 5 years?b. How much interest have you earned in total?
- Financial Accounting28. You plan to make 40-quarterly deposits into a fund in order to have $10,000 at the end of 10 years. Consider the following 3 cases: Deposit SR, starting today; earn j4 = x% Deposit $R starting 3-months from today; earn ja = x% Deposit $Rm starting 3-months from today; earn j12 = x% Which of the following is true? (1) (II) (III) (A) R₁ > Ru; Rn Ru Rn > Rm (D) R₁ RmWhat is the future value of a stream of $800 cash receipts, each to be received at the end of the next four years, with 10% annual compounding interest rate? Group of answer choices a. $4,084.08 b. $3,712.80c. $2,789.48 d. $2,535.89
- Please find attached the Chap 2-Problem 177 in Principles of Engineering Economic Analysis, White, 6eSuppose you borrowed $38,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be? Select the correct answer. a. $11,735.41 b. $11,723.41 c. $11,726.41 d. $11,732.41 e. $11,729.41You invest $1500 today and another $2000 18-months from today in a fund earning j4 = 8% for the first 18 months followed by j₂ = 6% thereafter. How much do you have at the end of 4 years? OA. $4007.79 OB. $4377.73 OC. $4274.59 OD. $4276.84 27