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Matthew Spear invested $14,000 today in a fund that earns 12% compounded annually. Click here to view factor tables To what amount will the investment
Matthew Spear invested $14,000 today in a fund that earns 12% compounded annually. Click here to view factor tables To what amount will the investment grow in 4 years? To what amount would the investment grow in 4 years if the fund earns 12% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Investment at 12% annual interest $ ta Investment at 12% annual interest, compounded semiannually $ ta Pearl Willis will invest $31,800 today. She needs $43,521 in 8 years. Click here to view factor tables What annual interest rate must she earn? (Round answer to O decimal places, e.g. 7%.) Interest rate % Henry Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Henry has recently come into an inheritance of $401,600. He estimates that the boat he wants will cost $310,600 when he retires in 6 years. Click here to view factor tables How much of his inheritance must he invest at an annual rate of 4% (compounded annually) to buy the boat at retirement? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Investment amount $ Newman Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. Newman has recently come into an inheritance of $402,200. He estimates that the boat he wants will cost $317,000 when he retires in 5 years. Click here to view factor tables Assuming quarterly compounding of amounts invested at 8%, how much of Newman Fillmore's inheritance must be invested to have enough at retirement to buy the boat? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Investment amount Sally Medavoy will invest $5,500 a year for 19 years in a fund that will earn 10% annual interest. Click here to view factor tables If the first payment into the fund occurs today, what amount will be in the fund in 19 years? If the first payment occurs at year-end, what amount will be in the fund in 19 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) First payment today $ First payment at year-end $
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