Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please give formulas on how to solve 6 Enter Answers Correct Answers Points as marked (50 Points Total) - 28 QUESTIONS TOTAL Below Below Q1)

image text in transcribedplease give formulas on how to solve

6 Enter Answers Correct Answers Points as marked (50 Points Total) - 28 QUESTIONS TOTAL Below Below Q1) Suppose you invest $39,901.00 today in an account that earns 9.51% interest annually. How much money will be in your account 20.0 years from today? (1.5 points) 7 FIRST NAME LAST NAME 8 02) What is the value today of single payment of $18,765.00, 5.0 years from today if the value is discounted at a rate of 13.93% ? (1.5 points) 9 10 03) How many years would it take an investment of $323.00 to grow to $4,721.00 at an annual rate of return of 18.83% ? (1.5 points) INSTRUCTIONS 11 12 (4) How much money would you need to deposit today at 24.08% annual interest compounded monthly to have $29,225.00 in the account after 13.0 years? (1.5 points) 13 14 When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places. (5) If you deposit $301.00 into an account paying 16.09% annual interest compounded quarterly, how many years until there is $71,509.00 in the account? (1.5 points) 15 16 06) If you deposit $80,604.00 at 16.44% annual interest compounded quarterly, how much money will be in the account after 18.0 years? (1.5 points) 17 18 07) If you deposit $734.00 into an account paying 9.19% annual interest compounded monthly, how many years until there is $2,295.00 in the account? (1.5 points) 19 20 08) What is the value today of receiving a single payment of $73,152.00 in 18.0 years if your required rate of return on this investment is 24.72% compounded semi-annually? (1.5 points) 21 22 Scroll Down To See More! 09) If you deposit $140.00 at 16.00% annual interest compounded daily, how much money will be in the account after 14.0 years? (Assume that there are 364 days in a year and show your answer to the nearest cent) (1.5 points) 23 24 010) Suppose you deposit $318.00 today, $371.00 in one year, and $501.00 in two years in an account that pays an annual rate of interest lof 9 90% 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 with AI-Powered 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

Students also viewed these Finance questions