Question: 13) How much interest will be earned in the next year on an investment paying 12% 13) compounded annually if $100 was just credited to
13) How much interest will be earned in the next year on an investment paying 12% 13) compounded annually if $100 was just credited to the account for interest? A) $200 B) $100 C) $88 D) S112 14) 14) The present value of an annuity stream of $100 per year is $614 when valued at a 10% rate. By approximately how much would the value change if these were annuities due? A) S6.14 x Number of years in annuity stream B)$10 C) $ | 0 Number of years in annuity stream D) $61.40 15) 15) Eighteen years from now, 4 years of college are expected to cost $150,000. How much more must be deposited into an account today to fund this expense if you can earn only D) $14,006.4 8% on your savings rather than the l 1% you hope to earn? A) $14,614.03 B) $ 13,609.21 C) $12,211.18
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
