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please help solve beginning of each year at age 22 to age 33 ( 12 years) earning 8% a year. Then lets the amount of
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beginning of each year at age 22 to age 33 ( 12 years) earning 8% a year. Then lets the amount of money at age 34 compound at 8% until age 70 ( 37 Years). Which investor made the most amount of money? Investor " C " who invested $192,000 ( $400 a month for 40 years), or Investor " D " who invested $57,600($4,800 a year for 12 years). - 9. An investor dollar cost averages and invests $250 at the end of each month for 28 years earning 7%. How much is the portfolio worth after 28 years ?(.07/12)=5.83333333303= (.005833333) I - 10. An investor dollar cost averages and invests $350 at the end of each month for 33 years earning 9%. How much is the portfolio worth after 33 years ?(.09/12)=7.503=(.0075) - 11. An investor dollar cost averages and invests $450 at the end of each month for 42 years earning 6%. How much is the portfolio - 12. Two investors - Investor " A " starts investing $5,000 a year at the beginning of each year at age 31 to age 65 ( 35 years) earning 7% per year. Investor " B " invests $5,000 a year at the beginning of each year at age 22 to age 30 ( 9 years) earning 7% a year. Then lets the amount of money at age 31 compound at 7% until age 65 (35 Years). Which investor made the most amount of money? Investor " A " who invested $175,000 ( $5,000 a year for 35 years), or Investor " B " who invested $45,000($5,000 a year for 9 years). - 7. A borrower borrows on a five year loan $5,000 from a bank at 10% and will pay back the loan in twenty equal $ payments (quarterly) at the end of each time period. How much is each equal payment, how much principal and interest is paid back, and how much interest is paid back? (Note-since the borrower repays the loan quarterly, the % is divided by 4 and the exponent ( 5 years) is multiplied by 4). Also since it is a loan(payment), calculate the factor and then divide the factor into the $5,000, do not multiply the factor by the $5,000. - 8. A borrower borrows on a five year loan $5,000 from a bank at 10% and will pay back the loan in sixty equal $ payments (monthly) at the end of each time period. How much is each equal payment, how much principal and interest is paid back, and how much interest is paid back? (Note-since the borrower repays the loan monthly, the \% is divided by 12 and the exponent ( 5 years) is multiplied by 12). Also since it is a loan(payment), calculate the factor and then divide the factor into the $5,000, do not multiply the factor by the $5,000. (.10/12)=8.333333333 03=(.008333333) 5. A borrower borrows on a five year loan $5,000 from a bank at 10% and will pay back the loan in five equal \$ payments (annually) at the end of each time period. How much is each equal payment, how much principal and interest is paid back, and how much interest is paid back? (Note-since the borrower repays the loan annumlly, the \% is divided by 1 and the exponent ( 5 years) is multiplied by 1). Also since it is a loan(payment), calculate the factor and then divide the factor into the $5,000, do not multiply the factor by the $5,000. - 6. A borrower borrows on a five year loan $5,000 from a bank at 10% and will pay back the loan in ten equal \$ payments (semiannually) at the end of each time period. How much is each equal payment, how much principal and interest is paid back, and how much interest is paid back? (Note-since the borrower repays the loan semi-annually, the % is divided by 2 and the exponent ( 5 years) is multiplied by 2). Also since it is a loan(payment), calculate the factor and then divide the factor into the $5,000, do not multiplv the factor bv the $5.000 Step by Step Solution
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