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Solve all 5 questions please 1. The University is given a gift of $550000 for the construction of a School of Management building. The University
Solve all 5 questions please
1. The University is given a gift of $550000 for the construction of a School of Management building. The University invests the gift into an account for future use. The University receives 9.30% on the money for 7 years then the rate drops to 6.40%. If the building is constructed 23 years after the gift was received, how much is in the fund at that time? 2. What principal is needed to accumulate $5400.00 in 4 years at 5.10% interest compounded semiannually? 3. How long would it take for money to double at 11.00% interest? Years = ? 4. The NASDAQ rose from $13000.00 to $15200.00 over 10 years. What was the annual rate of return on the NASDAQ during this period? r=?% 5. What is the future value of $1540.00 invested for 4 years at 5.25% compounded continuously? 1. The University is given a gift of $550000 for the construction of a School of Management building. The University invests the gift into an account for future use. The University receives 9.30% on the money for 7 years then the rate drops to 6.40%. If the building is constructed 23 years after the gift was received, how much is in the fund at that time? 2. What principal is needed to accumulate $5400.00 in 4 years at 5.10% interest compounded semiannually? 3. How long would it take for money to double at 11.00% interest? Years = ? 4. The NASDAQ rose from $13000.00 to $15200.00 over 10 years. What was the annual rate of return on the NASDAQ during this period? r=?% 5. What is the future value of $1540.00 invested for 4 years at 5.25% compounded continuouslyStep by Step Solution
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