Question: QUESTION 1 How many years does it take for your money to grow to ten times its original value if the interest rate of 8%

QUESTION 1

How many years does it take for your money to grow to ten times its original value if the interest rate of 8% per year?

QUESTION 2

Mr. Nadeem owes a total of $3,060 which includes 12% interest for the three years he borrowed the money. How much did he originally borrow?

QUESTION 3

You are thinking of getting a $250,000 30-year fixed-rate loan at 6.5% interest, which would cost you a monthly cash outflow of $1,580. If you needed to reduce your monthly payment on this annuity, you would

		`borrow less.`
		`find a lower rate.`
		`borrow for a shorter period of time.`
		`a. and b.`
		`a., b., and c.`

QUESTION 4

Let say Im looking at new car and the amount Im going to finance is $12,000 for 5 years and the interest rate is 3%. How much did you pay in interest?

QUESTION 5

If you deposit $3,600 today into an account earning 9% annual rate of return, what would your account be worth in 20 years?

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!

QUESTION 6 You are 59 years old and have a portfolio worth $900,000 in stocks and bonds. If the portfolio is projected to earn 4 percent a year. How much can you withdrew each year until your 95th...

# You won a contest at a local business that has paid you a single $5,000. At 22, you have decided to invest these funds for 45 years until you retire. During this time your account will earn 13%,...

QUESTION 1 How many years will it take $100 to grow to $1,000 with an annual interest rate of 8 percent? 29.92 years 10.00 years 9.00 years 33.35 years QUESTION 2 Last year Mocha Java, Inc. had an...

How do I determine the below? You have an opportunity to invest $500 in an investment fund that pays 7.5% annual interest. How much money will the investment fund have after 8 years? (1 point) An...

Q.1. For its most recent year a company had Sales (all on credit) of Rs. 1,000,000 and Cost of Goods Sold of Rs. 550,000. At the beginning of the year its Accounts Receivable were Rs. 95,000 and its...

6. How long does it take for your money to grow to ten times its original value if the interest rate of 5% per year? End-of

QUESTION 1 How many years will it take for an investment of $1,025 to grow to $2,488 if it is invested at 8% compounded semiannually? Please round your answer to the second decimal (e.g. 0.00)...

QUESTION 1 How many months it will take to grow your money from $4,910 to $7,731 if you can earn an interest of 11% compounded monthly? Note: Do not write "months" in your answer. Simply write the...

Help! Doing Time Value of Money using Excell --- how do I do these problems ???? What is the formula for excell... 12. What is the house value on a 10% down mortgage with payments of $1491 per month...

Need assistance with Home work. Attached is the questions Farida Chapter 5 1. Old Time Savings Bank pays 3% interest on its savings accounts. If you deposit $2,700 in the bank and leave it there (Do...

Explain the difference between the ethical responsibilities of auditors and auditor legal obligations.

The accounting records of Path Leader Wireless include the following as of December 31, 2016: Requirements 1. Report these liabilities on the Path Leader Wireless balance sheet, including headings...

A cash flow analysis of an investment in a new capital asset should include projections for

Discuss the policy statement concept and identify three focus areas / procedures where a clearpolicy statement / operating procedure

One important source of person needs assessment information is the potential trainees own opinions about their developmental needs. What are the advantages and disadvantages of relying on such...

Why is needs assessment so often not performed in many organizations? How could an HRD professional encourage a reluctant manager or executive to approve the time and resources necessary for a needs...

What is your response to The attack on ISD (presented in the boxed insert)? If you were an HRD professional seeking to conduct a needs assessment, how would you respond to each of these issues?