Your grandma invested some money 64 years ago into an account earning 4.91% per year, compounded quarterly. She now has $11804 in her account Round to the peny. a. How much money did your grandam invest 64 years ago? $ b. How much interest did she earn on the investment? $
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A: Formula: Future value=Present value×1+r44n
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A: Sister Deposit = 2500 Interest rate = 6.5% N = 15 You Deposit = ? Interest Rate = 6.25% N = 15
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A: FV = 0 N = 7*2 PMT = 5000 rate = (1 + 3.50%/12)^6 - 1 = 1.7628% use PV function in Excel
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- Your grandma invested some money 64 years ago into an account earning 1.82% per year, compounded quarterly. She now has $18474 in her account Round to the penny. How much money did your grandam invest 64 years ago? $ 2.How much interest did she earn on the investment? $Your grandma invested some money 58 years ago into an account earning 2.5 % per year, compounded quarterly. She now has $17,598 in her account. How much interest did she earn on the investment? (Round to the dollar and do not include the $ sign in your answer just give the number only) Your grandma invested some money 58 years ago into an account earning 2.5 % per year, compounded quarterly. She now has $17,598 in her account. How much interest did she earn on the investment? (Round to the dollar and do not include the $ sign in your answer just give the number only)Your grandmother deposited $10,000 in an investment account on the day you were born to help pay the tuition when you go to college. If the account was worth $50,000 seventeen years after she made the deposit, what was the rate of return on the account?
- Your great-grandmother saved $100 to deposit into an account when each of her children wasborn, including your grandfather. On his 70th birthday, the value of your grandfather'saccount was $278,780. What is the IRR of this investment over this 70-year period?a. 10%b. 18%c. 12%d. 2788%e. You cannot find the IRR without knowing the MARR firstY our great aunt put some money in an account for you on the day you were born. This account pays 8% interest per year. On your 21st birthday the account balance was $5033.83. Your Questions: 1) What is the amount of money that your great aunt originally put in the account? 2) What is the amount of money that would be in the account if you left the money there until your 65th birthday?You discover a savings account belonging to your great-grandmother. It has been earning 1¾% annually for 50 years. The balance is $35,712. How much money did your great-grandmother originally put in the account, to the nearest dollar? (Round your answer to the nearest whole dollar amount.)
- 13 years ago, Sallie invested \$23{,}000.00$23,000.00 into a savings account. She now has \$33{,}091.00$33,091.00. What simple interest rate was her savings account earning? Assume the interest rate has not changed since the account was opened.When your father was born 47 years ago, his grandparents deposited $175 in an account for him. Today, that accountis worth $1,900. What was the annual rate of return on this account?Multiple Choicea 3.89 percentB 5.73 percent C 5.00 percentD. 4.86 percentE. 5.21 percentFive years ago, Teresa purchased an investment property for $189,795. He sold it today for $249,999. Based on this information, what was her annualized rate of return? 5.66% 7.59% 6.18% 5.75%
- Your grandmother invested $1,000 for you the day you were born. How much will this investment be worth on your 30th birthday, assuming the investment earned 6% interest compounded quarterly?Your father invested a lump sum 28 years ago at 4.05 percent annual interest. Today, he gave you the proceeds of that investment totaling $48,613.24. How much did your father originally invest?Your mom just checked on findmassmoney.gov and found out that she has unclaimed property that is worth $3015.54 today. She figured out that she had invested $866 years ago and she calculated that she earned a return of 28.08% on her money. How many years ago did your mom invest that money? Include up to 2 decimal places.