Tanysha plans to invest $15,000 at the beginning of each year for the next 10 years. If her invested funds earn 4.1% compounded annually, what will be the total accumulated value of her investment after 10 years? (Do not round Intermedlate calculations and round your final answer to 2 declmal places.) Total value $

Tanysha plans to invest $15,000 at the beginning of each year for the next 10 years. If her invested funds earn 4.1% compounded annually, what will be the total accumulated value of her investment after 10 years? (Do not round Intermedlate calculations and round your final answer to 2 declmal places.) Total value $

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

Show your complete solution with conclusion. 1. Amy has invested ₱500,000 on March 1, 2022 at 10% interest compounded annually for 10 years. Compute the future value of her invest at the end of ten years.
A) If money is worth 5% compounded quarterly , find the future worth of a sequence of 12 semi annual payments of P1000 each, the first of which is due at the end of 4 ½ years? B) Jessica buys a piece of lot P200,000 downpayment and 8 deferred quarterly payments of P8,000 each, starting 3 years from now . What is the present value of the investment if the rate is 12% compounded quarterly ?
Debra Moore needs $20,000 3 years from now. How much should she invest today in order to reach her goal if she can earn an annual rate of 6% compounded semiannually? Round answers to the nearest dollar.
Keisha has $5,000 now and plans on investing it in a fund that will pay her 16% interest compounded quarterly. How much will she have accumulated after 2 years? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
JAX, Inc. has been offered the opportunity of investing $128,729 now. The investment will earn 8% per year and at the end of its life will return $600,000 to JAX.. How many years must JAX wait to receive the $600,000?
Scarlett has $22,500 available today to invest for 20 years. Scarlett desires an investment fund balance of $100,000 at that time. What interest rate (compounded annually) must Scarlett earn to reach the desired balance in 20 years? Enter the percent rounded to two digits after the decimal; enter 2.04 for 2.044% or 2.05 for 2.045%. Answer %
Calculate the Present Value given the following: Jill invests $5,000 at the end of year 1, and every year increases her investment amount by 4% for 5 years. Interest = 4%. N = 5
Steffi Derr expects to invest $10,000 annually that will earn 8%. How many annual investments must Derr make to accumulate $303,243 on the date of the last investment?
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?
If I will retire in 18years and I currently have GH¢250,000 saved,and my plan is to have GH¢1,000,000 at my retirement What annual interest rate must I earn to reach this goal, assuming i do not save any additional funds
Benjiena would like to purchase a house and lot amounting to P10,000,000 in the span of five years. She wants to invest regularly at the beginning of the year at a rate of 10% compounded annually. How much should she invest regularly to obtain that amount in five years?

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