Question: What amount of money must be invested today in order to grow to $2,000 in 3 years at an interest rate of 5% compounded monthly?
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Question: What amount of money must be invested today in order to grow to $2,000 in 3 years at an interest rate of 5% compounded monthly?
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityCalculating interest earned and future value of savings account. If you put 6,000 in a savings account that pays interest at the rate of 3 percent, compounded annually, how much will you have in five years? (Hint: Use the future value formula.) How much interest will you earn during the five years? If you put 6,000 each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after five years?How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one year and the rate is 10%?
- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?Question:(11) What amount of money must be invested today in order to grow to $2,000 in 3 years at an interest rate of 5% compounded monthly?What's the future value of an initial $100 after 3 years if it is invested in an account paying 10% annual interest and compounded annually? How about if the interest is compounded monthly, daily or hourly?
- What is the value of today of an investment that will pay $100 per year for 5 years. Assume first payment is made 1 year from today and the interest rate is 7%?What is the maximum amount you should pay today for an investment that pays a single future cash flow of $25,000 in 5 years if the appropriate interest rate is 2% compounded semiannually?How much do you have to deposit today so that beginning 11 years from now you can withdraw 10,000 a year for the next 5 years ( periods 11 through 15 ) plus an additional amount of 20,000 in the last year ( period 15 ) ? Assume an interest rate of 7 percent. The amount of money you have to deposit today is $?
- How much money will be in an account for 10 years from today if 20,000 is deposited today at a rate of 10% per year compounded monthly?How much must be invested today to have $1,000 in two years if the interest rate is 5%? please show workHow much do you have to deposit today so that beginning 11 years from now you can withdraw $15,000 a year for the next 5 years (periods 11 through 15) plus an additional amount of $30,000 in the last year (period 15)? Assume an interest rate of 9 percent. The amount of money you have to deposit today is
