Question: 1- At 7% how long does it take to double your money? 2- Assume you deposit 10,000 in an account that pays 6% . how

1- At 7% how long does it take to double your

1- At 7% how long does it take to double your money? 2- Assume you deposit 10,000 in an account that pays 6% . how much will you have in 5 years 3- Suppose you just celebrated your 19th birthday. A rich uncle has set up a trust fund for you that will pay you 150,000 when you turn 30. If the discount rate is 9% how much this trust fund will worth today ? 4- You have been offered an investment that will pay you 9%. If you invest $15,000. How long until you have $30,000? How long until you have $45,000? Calculating Future Values [LO1] Present Value Years Interest Rate Future Value 6.752 14 17 value: Calculating Present Values [LO2] For each of the following, compute the prese Present Value Interest Rate future Value 16.467 the following: Calculating Interest Rates [LOS] Solve for the unknown interest rate in each of Present Value Year Interest Rate Future Value 360 1.080 521.618

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Question 1 Theprocessofearning interestonan investment orotherfixed-incomeinstrumentwheretheinterestcanitselfearninterest is called: Return on Investment Present value Capital Budgeting Compounding...

If you deposit $2,000 in a bank account that pays 6% interest annually, how much will be in your account after 5 years? What is the present value of a security that will pay $29,000 in 20 years if...

Future Value of a Single Payment EASY PROBLEMS 18 If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years? What is the present value...

How do I find this problem using excel formulas? (FV) If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years? What is the present...

Complete all the questions below. Show the necessary steps in deriving your final answers. If you deposit $ 2 , 0 0 0 in a bank account that pays 6 % interest annually, how much will be in your...

What is the present value of annuity due that pays you 7,000 per month for twenty years. Assume the appropriate discount is 4% A)$1,147,349 B)1,155,153 C)1,159,004 D)1,161,137 You make a $20,000...

1. You invest $230 in a mutual fund today that pays 6.50 percent interest annually. How long will it take to double your money? 2. Michael Jones has $2,300 to invest. His brother approached him with...

1) You have $1,000 to invest for five years. How much additional interest will you earn if the investment provides a 5% annual return, when compared to a 4.5% annual return? 2) Suppose you need...

calculate the following using the appropriate functions in Excel.1 1. You invest $150 in a mutual fund today that pays 9% interest annually. How long will it take to double your money? 2. Infosys...

Swanson & Hiller. Inc., purchased a new machine on September 1, 2006 at a cost of $108,000. The machine's estimated useful life at the time of the purchase was five years, and its residual value...

Three months ago, Maxwell Enterprises hired a consultant, Stacy Slone, to assist in the design and installation of a new management information system for the company. Mike Carns, one of Maxwells...

A new top-of-the-line semi-truck tractor (the tractor pulls the trailer, the combination making up an 18-wheeler) costs $200,000 and is MACRS-GDS 3- year property. What is the depreciation charge and...

Reflect critically on the following statement: progressive, innovative enterprises do not react or respond to trends, they establish them. So environmental scanning is of limited strategic value to...

Information for a company is provided in the table below: Net Income .................................... $50,000 Beginning Total Assets ...................... $400,000 Beginning Stockholders' Equity...

A. 46 Negative Assurance in Review Reports. One portion of the report on a review services engagement is the following: Based on my review, I am not aware of any material modifications that should...

Right Medical introduced a new implant that carries a five-year warranty against manufacturers defects. Based on industry experience with similar product introductions, warranty costs are expected to...

On January 1, 2017, Tacoma Corporation had these stockholders' equity accounts. Common Stock ($10 par value, 70,000 shares issued and outstanding) .............$700,000 Paid-in Capital in Excess of...

Tori and some other childeen experimented with balls to see which ones rolled. First using a piece of cardboard to use as a ramp, they angled it on a block to the floor to test the balls. Then Tori...

Which of the following exist in an organization where youve worked: mission or values statement, policy manual, code of conduct, ethics training (who conducts it), a hotline? Were they consistent and...

Evaluate the ethics program at your organization from the perspective of fit. Has the ethics program been designed to fit the organizations overall culture? If so, how? If not, what could be done to...

Is senior management committed to ethics? How do you know? What could they do differently or better? nj5