Question: ( Solving a spreadsheet problem ) If you invest $ 8 2 0 in a bank where it will earn 1 2 percent compounded annually,

(Solving a spreadsheet problem) If you invest $820 in a bank where it will earn 12 percent compounded annually, how much will it be worth at the end of 7 years?
At the end of 7 years, your bank account will be worth & (Round to the nearest cent.)
( Solving a spreadsheet problem ) If you invest $

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: CASE 4.1 Fabrics and Fall Fashions, hillier_lieberman_2005, introduction to opearation research, i want to solve it on ampl but how ? From the tenth floor of her office building, Katherine...

Q:

1. To what amount will the following investments accumulate? $5,000 invested for 10 years at 10 percent compounded annually b. $8,000 invested for 7 years at 8 percent compounded annually C. $775...

Q:

1. You won a S40,000,000 lotto! The payment by the state will be made in 20 installments of S2,000,000 equal payments at the beginning of the next 20 years. You think you can earn 8% on reinvested...

Q:

(Solving a spreadsheet problem) If you invest $900 in a bank where it will earn 8 percent compounded annually, how much will it be worth at the end of seven years? Use a spreadsheet to calculate your...

Q:

(Solving a spreadsheet problem) If you invest $900 in a bank where it will earn 8 percent compounded annually, how much will it be worth at the end of seven years? Use a spreadsheet to calculate your...

Q:

Your Aunt has been promised a retirement bonus of $82536 in 10 years. She expects to be able to invest that money at 4.29% for the next 12 years. How much money will she have after 12 years? Enter...

Q:

solve 1 to 10 please Your Aunt has been promised a retirement bonus of $82536 in 10 years. She expects to be able to invest that money at 4.29% for the next 12 years. How much money will she have...

Q:

a) Congratulations, you've just won the lottery! Your prize, in the amount of $327,751, will be awarded when you are 84 years old, which is 58 years from now. Or, you can take a lump sum payment...

Q:

1 . _ _ _ _ _ _ _ _ _ _ _ _ If MT , Inc. has earnings per share of $ 2 . 5 0 in 2 0 2 4 and its growth rate is 9 % , how long will it take MT , Inc. to double its earnings per share? ( assume annual...

Q:

37. You can earn 8 percent interest, compounded monthly. How much must you deposit today to withdraw $10,000 in 6 years? 38. If you invest $10,000 in an account expected to earn 5.0% compounded...

Q:

38.) If you invest $10,000 in an account expected to earn 5.0% compounded annually, how long do you need to invest for the account to have grown to $40,000? A bank is offering a CD which it will sell...

Q:

Three financial statements, the balance sheet, income statement, and statement of retained earnings for XYZ, Inc., an accounting and consulting firm, are included below. XYZ, Inc. Balance Sheet As of...

Q:

The following data represent the number of appointments made per 15-minute interval by telephone solicitation for a lawn-care company. Assume these are population data. Number of Frequency...

Q:

A home buyer buys a house for $ 2 comma 070 comma 000. She pays 20% cash, and takes a fixedminusrate mortgage for ten years at 7.8% APR. If she makes semiminusmonthly payments, which of the following...

Q:

Pioneer Limited, a gold producer, hold a short call European option with an exercise price of $500 per ounce for 100 ounces only to be exercised in 6 months. The premium is $50 per ounce. If market...