Question: If you deposit 3 500 today into an account earning an
If you deposit $3,500 today into an account earning an 11 percent annual rate of return, what would your account be worth in 35 years (assuming no further deposits)? In 40 years?
Answer to relevant QuestionsIf you deposit $10,000 today into an account earning an 11 percent annual rate of return, in the third year how much interest would be earned? How much of the total is simple interest and how much results from compounding of ...You are considering investing in a security that will pay you $1,000 in 30 years.a. If the appropriate discount rate is 10 percent, what is the present value of this investment?b. Assume these investments sell for $365, in ...A financial planner just offered you a new investment product that would require an initial investment on your part of $35,000, and then 25 years from now will be worth $250,000. What annual rate of interest would you earn ...Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $330,000 Rolls-Royce Phantom. Jack currently has $45,530 that he may invest. He has found a mutual fund that pays 4.5 percent ...You have a choice of borrowing money from a finance company at 24 percent compounded monthly or borrowing money from a bank at 26 percent compounded annually. Which alternative is the most attractive?
Post your question