How much will you have in 25 years, if you invest $100,000 today and it earns...
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How much will you have in 25 years, if you invest $100,000 today and it earns 9.6% interest the entire time? Question 2 In order to have $1,000 (FV) 3 years from now (NPER), assuming you can earn 8% interest (RATE), how much do you need to invest today (PV)? Question 3 How many years will you need to wait until the value of a $1,000 investment doubles to be worth $2,000, if it is earning 12.5% interest per year? (In years, rounded to 2 decimal places) Question 4 You want to be worth $1 million in 30 years. Assuming you can earn 12% on your investments (annually), how much do you need to invest NOW in order to have the $1 million? Question 5 How many years will it take a $75,000 investment to reach $1 million in total value if it is earning 9.5% per year? (In years, rounded to 2 decimal places) Question 6 Someone invested $3,000 fifty years ago and it has been earning 9% the entire time. How much is it worth now? Question 7 What rate of interest would be required to enable an investment of $10,000 to reach a total value of $100,000 over a 20 year period? (Enter the rate as a number with 2 decimal places and no percent sign; so an answer of 5.65% would be entered as 5.65) How much will you have in 25 years, if you invest $100,000 today and it earns 9.6% interest the entire time? Question 2 In order to have $1,000 (FV) 3 years from now (NPER), assuming you can earn 8% interest (RATE), how much do you need to invest today (PV)? Question 3 How many years will you need to wait until the value of a $1,000 investment doubles to be worth $2,000, if it is earning 12.5% interest per year? (In years, rounded to 2 decimal places) Question 4 You want to be worth $1 million in 30 years. Assuming you can earn 12% on your investments (annually), how much do you need to invest NOW in order to have the $1 million? Question 5 How many years will it take a $75,000 investment to reach $1 million in total value if it is earning 9.5% per year? (In years, rounded to 2 decimal places) Question 6 Someone invested $3,000 fifty years ago and it has been earning 9% the entire time. How much is it worth now? Question 7 What rate of interest would be required to enable an investment of $10,000 to reach a total value of $100,000 over a 20 year period? (Enter the rate as a number with 2 decimal places and no percent sign; so an answer of 5.65% would be entered as 5.65)
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Related Book For
Personal Financial Planning
ISBN: 978-1111971632
13th edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
Posted Date:
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