Question: please answer the following questions thanks Question 6 (1 point) How long will it take for an investment to grow from $1,000 to $4,500 if

 please answer the following questions thanks Question 6 (1 point) How

long will it take for an investment to grow from $1,000 to

$4,500 if it earns 7.07% compounded quarterly? Express your answer in years

please answer the following questions thanks

Question 6 (1 point) How long will it take for an investment to grow from $1,000 to $4,500 if it earns 7.07% compounded quarterly? Express your answer in years rounded to 2 decimal places. Your Answer: Answer Question 7 (1 point) Shares in Megacorp increased in value by 7.14% in 2006, 7.79% in 2007, dropped by 11.50% in 2008 and rose again by 6.23% in 2009. Calculate the overall rate of return of Megacorp shares over the 4 year time period? Round your answer to 2 decimal places. Your Answer: Question 8 (1 point) Calculate the annual effective rate equivalent to a nominal rate of 6.12% compounded quarterly. Round your answer to 2 decimal places (as a percent but don't include the % sign). Your Answer: Answer Question 9 (1 point) When she was born, Karen's grandparents put $15,000 into a trust fund for her. Karen is now 20 years old and the fund has grown to $34,117. Calculate the annual compound rate of growth that the trust fund earned over the 20 years. Express your answer (j1) as a percent to 2 decimal places but don't include the % sign. Your Answer: Question 10 (1 point) Calculate the quarterly compounded rate (34) equivalent to a monthly compounded rate of 9.99% (j12). Round your answer to 2 decimal places. Your

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!