Question 10.25 pts

Thomas has an investment fund that he hopes will be worth $5,000. He invested a total of $3,333 in the fund today. The fund is earning 7.00% annually. How long will it take (in years) until Thomas has his $5,000?

Group of answer choices

-5.99 years (negative)

5.99 years

5.81 years

5.32 years

Flag question: Question 2Question 20.25 pts

Charlie just found out that his old beanie baby bear is worth $42,000 today. He originally bought it for $4.50. If the bear's worth grew by 55% annually, how many years has Charlie owned the bear?

Group of answer choices

21.50 years

No solution / error

20.86 years

250.30 years

Flag question: Question 3Question 30.25 pts

Erik has a famous painting that he hopes to sell for $24,000 in the future (FV). He was just offered $19,000 for the painting. At a discount rate of 6.5% with quarterly compounding, how many years would Erik have to wait if he wanted to sell for the $24,000?

Group of answer choices

14.49 years

3.62 years

3.71 years

14.84 years

Flag question: Question 4Question 40.25 pts

Becca has $5,500 that she wants to invest today to grow into $20,000. She finds an investment that earns 13.5% with monthly compounding. How many years will she wait till she has the $20,000?

Group of answer choices

122.34 years

9.62 years

115.40 years

10.19 years

Flag question: Question 5Question 50.25 pts

A FV of $600,000 is worth a PV of $80,000 today. Assuming a rate of return of 8% per year, how many years were involved in the calculation (NPER) of the PV?

Group of answer choices

28.00 years

26.18 years

24.35 years

-26.18 years (negative)

Flag question: Question 6Question 60.25 pts

Jack has an investment that he hopes wil be worth $1,500. Jack invested a total of $150 in the investment today. The investment is earning 9.75% annually. How long will it take (in years) until Jack has his $1,500?

Group of answer choices

10.00 years

-24.75 years (negative)

24.75 years

No solution / error

Flag question: Question 7Question 70.25 pts

A FV of $25,000 is worth a PV of $10,000 today. Assuming a rate of return of 9.5% per year, how many years were involved in the calculation (NPER) of the PV?

Group of answer choices

10.10 years

9.00 years

-10.10 years (negative)

11.00 years

Flag question: Question 8Question 80.25 pts

Terry has a rare painting that is supposed to be worth $5,000 sometime in the future. Terry was just offered $3,000 for the painting today (PV). Based on an interest rate (discount rate) of 12% per year, how many years would Terry have had to wait to get the $5,000 value in the future?

Group of answer choices

No solution / error

4.51 years

3.00 years

-4.51 years (negative)

Flag question: Question 9Question 90.25 pts

A FV of $1,000,000 is worth a PV of $50,000 today. Assuming a rate of return of 12.5% per year, with monthly compounding, how many years were involved in the calculation (NPER) of the PV?

Group of answer choices

24.09 years

25.43 years

No solution / error

28.00 years

Flag question: Question 10Question 100.25 pts

Shandra has calculated that her investment of $3,000 will grow to $100,000. If she has a rate of 9% (which is then compounded monthly), how long (in years) will it take for Shandra to have her $100,000?

Group of answer choices

469.29 years

5,631.51 years

39.11 years

21.50 years