A promissory note for $600.00 dated January 15, 2017, requires an interest payment of $90.00 at maturity. If interest is at 9% p.a. compounded monthly, determine the due date of the note. The due date is (Round down to the nearest day.)
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- How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one year from now and the rate is 8%?What interest rate, when compounded annually, is involved if an initial investment of $4000 turns into $10000 in 6 years?An investment will return $125 at the end of each month for 5 years and then $250 at the end of each month for the next 3 years. What is the present value of the earnings on this investment calculated at the annual rate of 6.00% per year compounded monthlty (0.5%) per month?
- What annual rate of return is earned on a $1,000 investment when it grows to $2,700 in eight years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual rate of retumWhat annual rate of return is earned on a $1,000 investment when it grows to $2,700 in eight years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual rate of return %What annual rate of return is earned on a $1,000 investment when it grows to $2,700 in eight years?
- An investment opportunity requires a payment of $620 for 12 years, starting a year from today. If required rate of return is 6.00 percent, what is the value of the investment to you today?An investment opportunity requires a payment of $910 for 12 years, starting a year from today. If your required rate of return is 6.5 percent, what is the value of the investment to you today? (Round factor values to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.)Approximately how many years would it take for an investment to grow fivefold if it were invested at 9 percent compounded quarterly? Assume that you invest $1 today. If you invest $1 at 9 percent compounded quarterly, about how many years would it take for your investment to grow fivefold to $5? (Hint: Remember to convert your calculator solution to years.)
- ( Solving for n with non - annual periods ) Approximately how many years would it take for an investment to grow sevenfold if it were invested at 11 percent compounded quarterly ? Assume that you invest 1 today If you invest $ 1 at 11 percent compounded quarterly , about how many years would it take for your investment to grow sevenfold to $ 7 ? ( Hint Remember to convert your calculator solution to years . )(Solving for n with nonannual periods) About how many years would it take for your investment to grow twofold if it were invested at an APR of 14 percent compounded weekly? If you invest $1 at an APR of 14 percent compounded weekly, about how many years would it take for your investment to grow twofold to $2? years (Round to the nearest whole number.)(Solving for n with nonannual periods) About how many years would it take for your investment to grow threefold if it were invested at an APR of 11 percent compounded annually? If you invest $1 at an APR of 11 percent compounded annually, about how many years would it take for your investment to grow threefold to S3? lyears (Round to the nearest whole number.)