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Hi there, I'm having quite the trouble on these and I am looking for some help. Please answer and show me how to input them
Hi there, I'm having quite the trouble on these and I am looking for some help.
Please answer and show me how to input them into excel!
These are relatively short easy problems.
Thanks! I will rate right away!
5.6. Future value: Your birthday is coming up and instead of any presents, your parents promised to give you $1,000 in cash. Since you have a part-time job and, thus, don't need the cash immediately, you decide to invest the money in a bank CD that pays 5.2 percent annually, compounded quarterly for the next two vears. How much money can vou exnect to gain in this neriod of time? 5.8. Growth rates: Joe Maur, a catcher for the Minnesota Twins is expected to hit 15 home runs in 2014. If his home-run-hitting ability is expected to grow by 12 percent every year for the following five years, how many home runs is he expected to hit in 2019? Present value: Maria Addai has been offered a future payment of $750 two years from now. If she can earn 6.5 percent compounded annually on her investment, what should she pay for this investment 5.12. Present value: Tracy Chapman is saving to buy a house in five years. She plans to put 20 percent down at that time, and she believes that she will need $35,000 for the down payment. If Tracy can invest in a fund that pays 9.25 percent annually, how much will she need to invest today? 5.14. Present value: Elizabeth Sweeney wants to accumulate $12,000 by the end of 12 years. If the annual interest rate is 7 percent, how much will she have to invest today to achieve her goal? 5.16. Number of periods: You invest $150 in a mutual fund today that pays 9 percent interest annually. How long will it take to double your moneyStep by Step Solution
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