Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.To what amount will the following investment accumulate? $3,119, invested today for 33 years at 3 percent, compounded annually. Round the answer to two decimal

1.To what amount will the following investment accumulate? $3,119, invested today for 33 years at 3 percent, compounded annually. Round the answer to two decimal places. 2. You placed $7,262 in a savings account today that earns an annual interest rate of 5 percent compounded annually. How much you will have in this account at the end of 8 years? Assume that all interest received at the end of the year is reinvested the next year. Round the answer to two decimal places 3. What is the present value of the following future amount? $215,518, to be received 6 years from now, discounted back to present at 8 perecent, compunded annually. Round the answer to two decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investing In Real Estate Private Equity

Authors: Sean Cook

1st Edition

1980587027, 978-1980587026

More Books

Students also viewed these Finance questions

Question

Define promotion.

Answered: 1 week ago

Question

Write a note on transfer policy.

Answered: 1 week ago

Question

Discuss about training and development in India?

Answered: 1 week ago

Question

Explain the various techniques of training and development.

Answered: 1 week ago

Question

3. Identify challenges to good listening and their remedies

Answered: 1 week ago

Question

4. Identify ethical factors in the listening process

Answered: 1 week ago