Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2-if an investment of $45,000 ....below are the selection 9.00 years 1.42 years 0.16 years .36 years The future value and present value equations also

image text in transcribed

2-if an investment of $45,000 ....below are the selection

9.00 years

1.42 years

0.16 years

.36 years

The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations If a security of $12,800 will be worth $28,296.72 seven years in the future, assuming that no additional deposits or withdrawals are made, what is the implied interest rate the investor will earn on the security? O 9.60% O 12.00% o 4.52% o 0.32% If an investment of $45,000 is earning an interest rate of 4.00%, compounded annually, how long will it take for this investment to reach a value of $64,049.03, assuming that no additional deposits or withdrawals are made during this ime? Which of the following statements is true, assuming that no additional deposits or withdrawals are made? 0 If you invest $5 today at 15% annual compound interest for 82.3753 years, you'll end up with $100,000. 0 If you invest $1 today at 15% annual compound interest for 82.3753 years, you'll end up with $100,000

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

M Finance

Authors: Marcia Cornett, Troy Adair, John Nofsinger

3rd Edition

0077861779, 978-0077861773

More Books

Students also viewed these Finance questions

Question

Evaluate the importance of the employee handbook.

Answered: 1 week ago

Question

Discuss the steps in the progressive discipline approach.

Answered: 1 week ago