1. If you wish to accumulate $140,000 in 13 years, how much must you deposit today...

 

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1. If you wish to accumulate $140,000 in 13 years, how much must you deposit today in an account that pays an annual interest rate of 14%? 2. What will $247,000 grow to be in 9 years if it is invested today in an account with an annual interest rate of 11%? 3. How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with an annual interest rate of 8%? 4. At what annual interest rate must $137,000 be invested so that it will grow to be $475,000 in 14 years? 5. If you wish to accumulate $197,000 in 5 years, how much must you deposit today in an account that pays a quoted annual interest rate of 13% with semi-annual compounding of interest? 6. What will $153,000 grow to be in 13 years if it is invested today in an account with a quoted annual interest rate of 10% with monthly compounding of interest? 7. How many years will it take for S197,000 to grow to be S554,000 if it is invested in an account with a quoted annual interest rate of 8% with monthly compounding of interest? 8. At what quoted annual interest rate must $134,000 be invested so that it will grow to be $459,000 in 15 years if interest is compounded weekly? 9. You are offered an investment with a quoted annual interest rate of 13% with quarterly compounding of interest. What is your effective annual interest rate? 10. You are offered an annuity that will pay $24,000 per year for 11 years (the first payment will occur one year from today). If you feel that the appropriate discount rate is 13%, what is the annuity worth to you today? 1. If you wish to accumulate $140,000 in 13 years, how much must you deposit today in an account that pays an annual interest rate of 14%? 2. What will $247,000 grow to be in 9 years if it is invested today in an account with an annual interest rate of 11%? 3. How many years will it take for $136,000 to grow to be $468,000 if it is invested in an account with an annual interest rate of 8%? 4. At what annual interest rate must $137,000 be invested so that it will grow to be $475,000 in 14 years? 5. If you wish to accumulate $197,000 in 5 years, how much must you deposit today in an account that pays a quoted annual interest rate of 13% with semi-annual compounding of interest? 6. What will $153,000 grow to be in 13 years if it is invested today in an account with a quoted annual interest rate of 10% with monthly compounding of interest? 7. How many years will it take for S197,000 to grow to be S554,000 if it is invested in an account with a quoted annual interest rate of 8% with monthly compounding of interest? 8. At what quoted annual interest rate must $134,000 be invested so that it will grow to be $459,000 in 15 years if interest is compounded weekly? 9. You are offered an investment with a quoted annual interest rate of 13% with quarterly compounding of interest. What is your effective annual interest rate? 10. You are offered an annuity that will pay $24,000 per year for 11 years (the first payment will occur one year from today). If you feel that the appropriate discount rate is 13%, what is the annuity worth to you today?

Answer rating: 100% (QA)

For Details calculations refer working below after all 10 answers Final Answers Answer 1 2548971 To accumulate 140000 in 13 years Amount to be deposited today is 2548971 OR 25490 Answer 2 631835 24700... View the full answer