The future value of $100 today earning 6% for three years is: a. $119 b. $129 c. $108 d. $98
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- A perpetuity of $5,000 per year beginning today, offers a 10% return. What is its present value? A. $33,333.33 B. $55,000.00 C. $38,333.33 O D. $65,217.39Step by step instructions please What is the future value of $11,000 invested for one year at an interest rate of 6% p.a.? a. $17000 b. $5000 c. $11660 d. $10377Find the amount to which $1,000 will mature in 3.5 years at 7 ¾% p.a.
- Find the future value of an initial $100 compounded annually for 7 years at 3%. $100.21 $122.99 $16.05 $81.31Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent. $500 for 2 months; money earns 3% $497.51 $485.44 O $498.75 O $2.49 < Previousstep by step instructions please What is the present value of $11,000 to be received in two years if the interest rate is 5% p.a.? a. $10476 b. $10000 c. $21000 d. $9977
- What is the future value of $100 invested in an account for eight years that earns 10% annual interest, compounded semiannually (rounded to the nearest whole dollar)? a. $214.b. $216.c. $218.d. $220.How much will $7500 in savings today be worth 5 years from now if it earns 6%, compounded monthly? a. $11,465 b. $15.091 c. $7.955 d. $247,408 e. $7,686At the end of two years, what will be the balance in a savings account paying 6% annually if $10,000 is deposited today? The future value of one at 6% for one period is 1.06. a. $10,000 b. $10,600 c. $11,200 d. $11,236
- With an interest rate of 4 percent, the present value of $100 received three years from now is approximately a. $88.9. b. $104. O c. $100. O d. $96.15.What is the present value of $14,000 to be received in one year if the interest rate is 8% p.a.? a. $6000 b. $15120 c. $12963 d. $22000If you invest $40,000 at 4% interest compounded annualy, approximately how much money will be in the account at the end of 6 years? O a. $49,648 O b. $46,868 O c. $55,527 O d. $50,612 e. $60,366