Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8. Findingthe interest rate and the number of years The future value and present value equations also help in finding the interest rate and the

image text in transcribed 8. Findingthe interest rate and the number of 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 $10,000 will be worth $13,159.32 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? 2.40% 3.00% 4.00% 4.80% If an investment of $50,000 is earning an interest rate of 14.00% compounded annually, it will take value of $96,270.73-assuming that no additional deposits or withdrawals are made during this time. Which of the following statements is true, assuming that no additional deposits or withdrawals are made? for this investment to grow to a for this investment to grow to a If you invest $1 today at 15% annual compound interest for 82.3753 years, you'll end up with approximately $100,000. If you invest $5 today at 15% annual compound interest for 82.3753 years, you'll end up with approximately $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_2

Step: 3

blur-text-image_3

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

Crypto Finance Law And Regulation

Authors: Joseph Lee

1st Edition

0367086611, 978-0367086619

More Books

Students also viewed these Finance questions

Question

What is meant by the term projective, as in projective techniques?

Answered: 1 week ago