Question: 3. How many years will it take for a present value of $2,000 to grow to $10,000 assuming an interest rate of 10%? Enter your

3.

How many years will it take for a present value of $2,000 to grow to $10,000 assuming an interest rate of 10%?

Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.

4.

What is the present value of $19,000 to be received 6 years from today? Assume interest is 8%.

Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.

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!

Q:

Question 3 2 pts How many years will it take for a present value of $4,000 to grow to $16,000 assuming an interest rate of 9%? Answer Format: Enter your answer as a number rounded to 2 decimal...

Q:

How many years will it take for a present value of $4,000 to grow to $9,000 assuming an interest rate of 10%? Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be...

Q:

3) How many years will it take for a present value of $4,000 togrow to $13,000 assuming an interest rate of 7%?Answer Format: Enter your answer as a numberrounded to 2 decimal places. An answer of 2...

Q:

Ellen Fenner expects to receive $2000 at the end of three years. What is the present value of this amount assuming a 10% annual compound interest rate (round your answer to the nearest dollar)?...

Q:

please sir solve this assigment Assignment Number 1 1. How does the position of a limited company compare with that of a human person regarding liability for commercial debts? 2. Why are many...

Q:

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Nelson LLC has base sales of 100 and operating expenses are 71% of sales. Assuming a 20% increase in sales, operating expenses for the first pro forma year are Select...

Q:

What is the difference between microeconomics and macroeconomics? Group of answer choices Microeconomics studies individual agents and markets, and macroeconomics studies the entire economy....

Q:

What is the difference between microeconomics and macroeconomics? Group of answer choices Microeconomics studies individual agents and markets, and macroeconomics studies the entire economy....

Q:

on 13 Howard Ellis expects to receive $2000 at the end of five years. What is the present value of this amount assuming an 8% annual compound interest rate (round your answer to the nearest dollar)?...

Q:

Question 9 1 pts An ordinary annuity pays $56,000 per year for 29 years. If the first payment is not received until 27 years from today, what is the present value of the annuity? Assume a discount...

Q:

At time t = 0, a ball is struck at ground level and sent over level ground. Figure gives momentum p versus t during the flight (p0 = 6.0 kg m/s and p1 = 4.0 kg m/s). At what initial angle is the ball...

Q:

The radiation pattern of a circular parabolic-reflector antenna consists of a circular major lobe with a half-power beam width of 3 and a few minor lobes. Ignoring the minor lobes, obtain an estimate...

Q:

2 7 Why is the ask price higher than the bid price? Multiple Choice 0 te 2 8 5 4 2 It represents the gain a market maker achleves. It represents the gain the stock seller achieves. It represents the...

Q:

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...