Question: If 7 500 was invested five years ago and has
If $ 7,500 was invested five years ago and has accumulated to $ 11,019.75, what rate of interest was earned if the interest was compounded annually?
Answer to relevant QuestionsIf $ 60,000 was invested at 8 percent and has grown to $ 85,692, how many years has the money been invested if interest was compounded quarterly? What is the present value of $ 9,000 five years from today if interest is? A. 3 percent compounded monthly? B. 4 percent compounded monthly? C. 3 percent compounded semimonthly? D. 4 percent compounded semimonthly? E. ...Michael Paul wants to start his own business when he graduates from college in three years and he needs $ 600,000 to do so. How much money must he put aside today under the following conditions? A. He can earn 8 percent ...Kevin Finnegan, CPA, has just billed a customer $ 40,000 for services rendered. The customer wants to pay for this bill by making monthly payments over the next three years. A. Determine the amount of the customer’s ...What is the return on investment and how is it related to the cost of capital?
Post your question