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please sent me formulas or excel funtions 10. How much would $1,000 in an account paying 14 percent interest compounded semi-annually accumulate to in 10
please sent me formulas or excel funtions
10. How much would $1,000 in an account paying 14 percent interest compounded semi-annually accumulate to in 10 years? a. $2,140 b. $3,707 c. $1,647 d. $3,870 11. If you want to have $90 in four years, how much money must you put in a savings account today? Assume that the savings account pays 8.5% and it is compounded monthly (round to the nearest $1). a. $64 b. $65 c. $66 d. $71 12. What is the present value of $12,500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10. a. $5,790 b. $11,574 c. $9,210 d. $17,010 13. If you want to have $1,200 in 27 months, how much money must you put in a savings account today? Assume that the savings account pays 14% and it is compounded monthly (round to nearest $10) a. $910 b. $890 C. $880 d. $860 14. If you want to have $2,100 in 3 years, how much money must you put in a savings account today? Assume that the savings account pays 7% and it is compounded quarterly. a. $1,656 b. $1,705 C. $1,674 4 en Step by Step Solution
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