Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

will leave a great rating :) 6. Suppose you accumulate $300,000 after investing $1,000 monthly for 10 years. What interest rate/return did you earn? State

will leave a great rating :)
image text in transcribed
6. Suppose you accumulate $300,000 after investing $1,000 monthly for 10 years. What interest rate/return did you earn? State your answer as an APR $300,000.00=$1,000.00[(1+r)1201]]/rr=0.01412=16.41%APR 7. Suppose you accumulate $30,000 after investing $800 quarterly for 6 years. What interest rate/return did you earn? State your answer as an APR 8. Suppose you accumulate $100,000 after investing $5,700 semi-annually for 4 years. What interest rate/return did you eam? State your answer as an APR 9. Suppose you accumulate $7,000 after investing $20 weekly for 5 years. What interest rate/return did you earn? State your answer as an APR

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Economics

Authors: Frank J. Fabozzi, Edwin H. Neave, Guofu Zhou

1st Edition

0470596201, 9780470596203

More Books

Students also viewed these Finance questions

Question

=+How can you explain this finding?

Answered: 1 week ago

Question

Define and describe the sections in a job description.

Answered: 1 week ago

Question

Discuss the relationship between job analysis and HRM processes.

Answered: 1 week ago