Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- 13) Would enjoy the help.arrow_forwardIf you deposit $500 every 6 months for 7 years at an interest rate 20% compounded quarterly, how much money will you have in your account at the end of 7 years? A. $10,985 B. $16,560 C. $12,685 D. $14,255arrow_forwardSuppose you invest $1,250 in an account paying 8% interest per year. a. What is the balance in the account after 3years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 31 years? How much of this balance corresponds to "interest on interest"?arrow_forward
- Suppose that at the end of each week for 30 years, $100 is deposited into an account that earns 6.8% annual interest, compounded weekly. (a) Find the total value in the account after the 30 years. (b) What is the total amount of the payments over the 30 years? (c) What is the total amount of interest earned over the 30 years?arrow_forwardA deposit of $1300 will be after 3 years $1639. If the interest is compounded annually, what is the annual interest rate: a. 10.25% b. 8.02% c. 6% d. 8.5%arrow_forwardWhat is the future value of the initial $10,000 deposit after 5 years? We assume current interest rate is = 6%, compounded monthly. $13,552.6 $13,512.5 $13,277.6 $13,488.5arrow_forward
- Suppose that $4500 is invested in an account that pays 2% annually and is left for 4 years. 1) How much will be in the account if interest is compunded quarterly? 2) How much will be in the account if interest is compouded continuously?arrow_forwardSuppose you invest $850 in an account paying 5% interest per year. a. What is the balance in the account after 2 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 29 years? How much of this balance corresponds to "interest on interest"? a. What is the balance in the account after 2 years? The balance in the account after 2 years is $ (Round to the nearest cent.)arrow_forwardA.How much money should be deposited each year for14 years if you wish to have $26,800 in the account immediately after making the last deposit? Let i=7% per year. B.How much money should be deposited each year for 14 years if you wish to withdraw $2,940 each year for 6 years, beginning at the end of the 15th year? Let i=7% per year. B. The annual deposit amount should equal $ ( Round to nearest cent )arrow_forward
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