Question
Suppose that you invested $1,000 in an investment bank today. Assume also that you invest at a guaranteed fixed rate of 6.00% after tax for
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Suppose that you invested $1,000 in an investment bank today. Assume also that you invest at a guaranteed fixed rate of 6.00% after tax for a period of 5 years. How much will this amount grow to by the time the investment account matures
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If you deposit $5,000 today in an account paying 10%, how long does it take to grow to $10,000?
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Assume the total cost of a 3-year commerce university education will be $100,000 when your child enters university in 20 years. Assume you have $5,000 to invest today. What rate of interest must you earn on your investment to cover the cost of your future childs education?
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How much would you have to set aside today in order to have $20,000 five years from now assuming the current interest rate is 7.00%?
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A bank is offering 12 per cent interest compounded quarterly, if you put $200 in an account, how much will you have at the end of year 2?
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You have $10,000 to invest for one year and the following choices are offered by the banks in your area: - 6% p.a., compounded annually; 5.90% p.a., compounded daily; Which of the alternatives would you choose?
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You invest $1,000 in an account today. The interest is 10% p.a., compounded continuously. What will be the balance in the account at the end of five years?
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Suppose you want a balance of $1,000 at the end of five years. If interest on the account is 10% p.a., compounded continuously, how much must you deposit today?
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You deposit $1,000 now, $1,500 in one year, $2,000 in two years and $2,500 in three years in an account paying 10% interest per annum. How much do you have in the account at the end of the third year?
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You deposit $1,500 in one year, $2,000 in two years and $2,500 in three years in an account paying 10% interest per annum. What is the present value of these cash flows?
Can I get detailed answers to these questions please, would be really appreciated thankss! :D
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