Question
David Bautista needs $25,000 in 8 years. Click here to view factor tables What amount must he invest today if his investment earns 8% compounded
David Bautista needs $25,000 in 8 years. Click here to view factor tables What amount must he invest today if his investment earns 8% compounded annually? What amount must he invest if his investment earns 8% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Investment at 8% annual interest | $enter a dollar amount rounded to 0 decimal places | |
---|---|---|
Investment at 8% annual interest, compounded quarterly | $enter a dollar amount rounded to 0 decimal places |
Julia Willis will invest $30,500 today. She needs $329,517 in 21 years. Click here to view factor tables What annual interest rate must she earn? (Round answer to 0 decimal places, e.g. 7%.)
Interest rate | enter Interest rate in percentages rounded to 0 decimal places | % |
Steve Newman will invest $10,730 today in a fund that earns 4% annual interest. Click here to view factor tables How many years will it take for the fund to grow to $14,685?
Years | enter a number of years |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started