Question
Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount
Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time.
4% per year, compounded quarterly (4 times/year), after 3 years
FV = $
Calculate, to the nearest cent, the present value of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time.
5 years, at 5.3% per year, compounded weekly (assume 52 weeks per year)
PV = $
During 2008 the S&P 500 index depreciated by 37.6%. Assuming that this trend had continued, how much would a $3,000 investment in an S&P index fund have been worth after 9 years?
Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.)
An investment earns 5% per year and is worth $6,000 after 7 months.
PV =
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