Devin has an opportunity to put $1700 into an investment with an APR of 4.2%. How long will it take his investment to quadruple? Express your answer rounded to the nearest tenth. years If you haven't answered the question correctly in 3 attempts, you can get a hint.
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- An investor is considering an investment that will pay $2,170 at the end of each year for the next 10 years. He expects to earn a return of 12 percent on his investment, compounded annually. Required: a. How much should he pay today for the investment? b. How much should he pay if the investment returns are received at the beginning of each year? (For all requirements, do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) a. Present value of ordinary annuity b. Present value of annuity dueYour financial advisor/cousin has told you about an investment that will ABSOLUTELY go up in value over a 7-year period. He claims that for every dollar you invest, your balance will increase to $3 over that period of time. What annual interest rate (assume annual compounding) is he claiming you will receive? Enter your answer as a number with 2 decimals and no percentage sign. For example, if your answer is 13.45% - you should enter 13.45. Do not enter the answer in the form of 0.1345. Answers in that format will receive at least a 1 point deduction.Jamil invested $9,500 in an account he expects will earn 5% annually. Approximately how many years will it take for the account to double in value? (Round the number of years to the nearest whole number.) Group of answer choices 8 9 10 11 14
- An investment pays you $100 at the end of each of the next 3 years. The investment will then pay you $200 at the end of year 4, $300 at the end of year 5, and $500 at the end of year 6. If the rate of interest earned on the investment is 8%, what is the present value of this investment? What is its future value? How do you solve this with excel?Chris offers you an investmet where if ou investment where if you invest $1,000 today, he'll return you $1,200 in 2 years. What is the annual rate of return of this investment? Choose the closest. a) 10.5% b) 9.0% c) 10.0% d) 9.5%You expect to receive $33,000 at graduation in two years. You plan on investing it at 9.75 percent until you have $168,000. How long will you wait from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) X Answer is complete but not entirely correct. Years to wait 17.49 X
- Ronald has an investment opportunity that promises to pay him $45,000 in five years. He could earn a 8% annual return investing his money elsewhere. What is the most he would be willing to invest today in this opportunity? (EV of $1. PV of $1. EVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.) Present valueTom hopes to earn $600 in Interest in 4.3 years time from $60,000 that he has available to Invest. To decide if it's feasible to do this by Investing in an account that compounds annually, he needs to determine the annual Interest rate such an account would have to offer for him to meet his goal. What would the annual rate of interest have to be? Round to two decimal places. Answer How to enter your answer (opens in new window) % Interest formul Keyp Keyboard Short Dec 18 8:35 OYou currently have $15,804. You plan on investing it at 20 percent per year until you have $68,555. How long will you wait until you achieve this goal? Enter the answer with 2 decimals (e.g. 1.23).
- Steven Garcia invests $14,404.31 now for a series of $2,700 annual returns beginning one year from now. Steven will earn a return of 10% on the initial investment. Click here to view the factor table 1. Table 2 Table 3 Table 4 How many annual payments of $2,700 will Steven receive? (Hint: Use Table 4.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.24571. Round answer to O decimal places, e.g. 25.) Number of annual payments eTextbook and Media Save for Later Attempts: 0 of 5 used Submit AnswerMarty Neilson has just invested $130,000 in a restaurant that will provide him with an annual income of $18900. He expects to hold the investment for 8 years. What is the accounting rate of return (as a percentage)? ROUND YOUR ANSWER TO 2 DECIMAL PLACES. DO NOT INCLUDE THE % SIGN IN YOUR ANSWER.You plan to invest $9.9 into an investment that you hope will earn a return of 12.01%. You will withdraw your money in 5 years. How much will you withdraw? Answer: