What annual interest rate would cause $100 to grow. to $119.10 in 3 years?
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- What is the returnon an investment that costs $1,000 and is soldafter 1 year for $1,060?How many years will it take to turn $100,000 into $1,000,000 if invested at 5.10% per year, compounded semi-annually? 91.44 O 45.24 45.72 O 10.00what is the internal rate of return of $10,000 investment that yields an annual benefit of $2,400 for 5 years?
- How much would $1 growing at 5% per year be worth after 100 years? What wouldthe FV be if the growth rate were 10%? ($131.50, $13,780.61)What APR, compounded daily, is needed to grow a present value of $250 to $500 over 6 years?Calculate what $700 would grow to at 6%6% per year compounded daily for 7 years. (Use the Table 12.2.) Note: Round your final answer to the nearest cent.
- What annual return would you need to grow $10,000 to $19,000 over 14 years? Answer in percent, rounded to one decimal place. Don't include the % symbol in your answer.What APR, compounded monthly, is needed to grow a present value of $250 to $500 over 6 years?At what annual interest rate, compounded annually, would $500 have to be invested for it to grow to $1,942.45 in 11 years? At what annual interest rate, compounded annually, would $500have to be invested for it to grow to $1,942.45 in 11 years?
- Suppose you save $2,800 ayear for 43 years into an investment account that earns 8.5% return, how much will you have at the end of the periods? Formula? Excel Function?16. Use Table 11-2 to solve the problem. How much (in $) must be invested today at 6% compounded quarterly to have $7,000 in 3 years? $(Solving for n) How many years will it take for $500 to grow to $1039.50 if it's invested at 5 percent compounded annually?
