Suppose you invest $12,156 today in an account that earns 01.00% interest annually. How much money...
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Suppose you invest $12,156 today in an account that earns 01.00% interest annually. How much money will be in your account 6 years from today? Q2) What is the value today, of single payment of $40,135 made 5 years from today, if the value is discounted at a rate of 07.00%? Q3) How many years would it take an investment of $515 to grow to $7,124 at an annual rate of return of 16.00% ? Q4) How much money would you need to deposit today at 08.00% annual interest compounded monthly to have $10,221 in the account after 13 years? Q5) If you deposit $288 into an account paying 09.00% annual interest compounded quarterly, how many years until there is $83,509 in the account? Q6) If you deposit $90,735 at 18.00% annual interest compounded quarterly, how much money will be in the account after 11 years? Suppose you invest $12,156 today in an account that earns 01.00% interest annually. How much money will be in your account 6 years from today? Q2) What is the value today, of single payment of $40,135 made 5 years from today, if the value is discounted at a rate of 07.00%? Q3) How many years would it take an investment of $515 to grow to $7,124 at an annual rate of return of 16.00% ? Q4) How much money would you need to deposit today at 08.00% annual interest compounded monthly to have $10,221 in the account after 13 years? Q5) If you deposit $288 into an account paying 09.00% annual interest compounded quarterly, how many years until there is $83,509 in the account? Q6) If you deposit $90,735 at 18.00% annual interest compounded quarterly, how much money will be in the account after 11 years?
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Answer rating: 100% (QA)
Q1 To calculate the future value of the investment we can use the formula FV PV 1 rn where PV 12156 present value r 001 annual interest rate n 6 numbe... View the full answer
Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
Posted Date:
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