Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Could you please show me the formula in excel on how to solve these? Thank you Q3) How many years would it take an investment

Could you please show me the formula in excel on how to solve these? Thank you

Q3) How many years would it take an investment of $891 to grow to $12,446 at an annual rate of return of 30.00%?

Q4) How much money would you need to deposit today at 24.00% annual interest compounded monthly to have $22,294 in the account after 13 years?

Q5) If you deposit $465 into an account paying 23.00% annual interest compounded quarterly, how many years until there is $81,345 in the account?

Q6) If you deposit $55,298 at 14.00% annual interest compounded quarterly, how much money will be in the account after 16 years?

Q7) If you deposit $1,181 into an account paying 03.00% annual interest compounded monthly, how many years until there is $37,464 in the account?

Q8) What is the value today of receiving a single payment of $33,828 in 7 years if your required rate of return on this investment is 15.00% compounded semi-annually?

Q9) If you deposit $381 at 24.00%annual interest compounded daily, how much money will be in the account after 23 years? (Assume that there are 364 days in a year)

Q10) Suppose you deposit $292 today, $816 in one year, and $792 in two years in an account that pays an annual rate of interest of 04.00%. How much money will be in the account after three years?

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

Financial Market Analysis And Behaviour The Adaptive Preference Hypothesis

Authors: Emil Dinga, Camelia Oprean Stan, Cristina Roxana Tinisescu, Vasile Brctian, Gabriela Mariana Ionescu

1st Edition

1032255161, 1000609731, 9781032255163, 9781000609738

More Books

Students also viewed these Finance questions

Question

Answered: 1 week ago

Answered: 1 week ago