Answered step by step
Verified Expert Solution
Question
1 Approved Answer
suppose you invest 106,870.00 today in an account that earns 3.84% interest annually. how much money will be in the account in 8 years from
- suppose you invest 106,870.00 today in an account that earns 3.84% interest annually. how much money will be in the account in 8 years from today?
- what is the value today of a single payment of $54,082, 19 years from today if value is discounted at a rate of 15.80%
- how many years would it take an investment of $491.00 to grow to $39,760.00 at an annual rate of return of 16.91
- how much money would you need to deposit today at 4.27% annual interest compounded monthly to have $25,385.00 in the account after 5 years?
- if you deposit $61.00 into an account paying 14.05% annual interest compounded quarterly, how many years until there is $24,931.00 in the account?
- if you deposit $55,337.00 at 18.46 annual interest compounded quarterly how much money will be in the account after 3 years?
- if you deposit 1,662 into an account paying 7.07% annual interest compounded monthly, how many years until there is $22,886.00 in the account?
- what is the value today of receiving a single payment of $69,406.00 in 9 years if your required rate of return on this investment is 14.93% compounded semi annually?
- if you deposit $126 at 23.29% annual interest compounded daily, hoe much money will be in the account after 7 years (assume there are 364 days in a year show your answer to the nearest cent)
- suppose you deposit $424 today, $161 in one year and $915 in two years in an account that pays an annual rate of interest of 13.15% how much money will be in he account after 3 years?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started