Question
You are offered an investment that will pay you a total of $5324722 in 17 years. You can otherwise invest your money in similar investments
You are offered an investment that will pay you a total of $5324722 in 17 years. You can otherwise invest your money in similar investments that earn 18.12%, compounded annually. What's the most you'd be willing to pay for this investment? Enter the answer in dollars, rounded to the nearest dollar, without the "$".
Indira invested $98179 in a savings account earning 7.67% in simple interest. How much interest will she earn over 10 years if she does not reinvest the interest? Round your answer to the nearest dollar but don't include the "$".
You've found an investment that will earn you 3.54%, compounded annually. If you invest $449211 today, how much will you have in 32 years? Enter the answer in dollars, rounded to the nearest dollar, without the "$".
What is the future value of $1607240, invested at 18.72% for 14 years, compounded annually? Enter the answer in dollars, rounded to the nearest dollar, without the "$".
What is the present value of $736152, discounted at 15.22% for 16 years, compounded annually? Enter the answer in dollars, rounded to the nearest dollar, without the "$".
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