Suzette invested $934.00 in a 95-day term deposit at 7.19% p.a. Using the future value formula, S= P(1 + rt), determine how much the investment will be worth at maturity. The future value is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Suzette invested $934.00 in a 95-day term deposit at 7.19% p.a. Using the future value formula, S= P(1 + rt), determine how much the investment will be worth at maturity. The future value is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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

Assume that at the beginning of the year, you purchase an investment for $6,500 that pays $95 annual income. Also assume the investment's value has increased to $7,050 by the end of the year. a. What is the rate of return for this investment? Note: Input the amount as a positive value. Enter your answer as a percent rounded to 2 decimal places.
A woman invests $1,900 at a rate of 4%. Find the time in vears that it takes her investment to double with annual compounding (a) using the future value formula and (b) using the Rule of 72.
Compute the present value of a $2,000 deposit in year 1, and another $2,500 deposit at the end of year 4 using an 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Omar invests $2,875 at 6% interest, compounded semiannually for 3 years. Calculate the effective interest rate for his investment. (Round to nearest hundredth percent.) 5.91% O 6.00% O 6.09% O6.18%
Using the TVM calculator, compare the following if the investment pays 7%/a compound annually and payments are made until age 65. Calculate the future value of each investment and the total amount paid in. which would you choose? a) depositing $1500 every year starting at age 20. b) depositing $4500 every year starting at age 50.
b. Pearl is investing in a 5-year certificate of deposit that earns 3.6% APR compounded monthly. If she would like to have $6000 in the account at the end of 6 years, how much money should she initially deposit in the account? PV = PMT = FV = APR = Periods: = Compounding:
Maria invests $4,600, at 6% interest, compounded quarterly for one year. Use Table 11-1 to calculate the annual percentage yield (APY) for her investment (as a %). Note: "Annual percentage yield" is also known as "effective interest rate." (Round your answer to two decimal places.) %
PLEASE ANSWER IT ASAP FOR AN UPVOTE. I BADLY NEED IT. Tiana invested in an annuity with an initial investment of P40,000 followed by deposit of P800 every month for 6 years. The interest rate was 4.25% p.a. compounded monthly. What is the future value of this investment?
Compute the future value in year 7 of a $2,200 deposit in year 1, and another $1,700 deposit at the end of year 4 using a 8 percent interest rate. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Future value $ 3,770.41
Compute the value in 14 years of a $4,000 deposit earning 13 percent per year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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