Assume 30 years ago, you invested a lump sum and earned 4.65 percent interest, compounded annually. Today, you withdrew the proceeds of that investment, totaling $49,255. How much did you originally invest? (Round your answer to the nearest dollar and do NOT include a comma or dollar sign in your answer i.e. 12345)

Assume 30 years ago, you invested a lump sum and earned 4.65 percent interest, compounded annually. Today, you withdrew the proceeds of that investment, totaling $49,255. How much did you originally invest? (Round your answer to the nearest dollar and do NOT include a comma or dollar sign in your answer i.e. 12345)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

Mark Harris borrowed some money from his friend and promised to repay him $1,250, $1,340, $1,490, $1,560, and $1,560 over the next five years. If the friend normally discounts investment cash flows at 8.0 percent annually, how much did Mark borrow? (Round answer to 2 decimal places)
100. Subject :- Finance
Sonny who invested ₱45,800 had ₱82,420 returned to him 4 years and 4 months later. At what interest converted monthly did his money earn?
If Mike deposited and withdrew as shown below, how much can he withdraw at the end of 5th year? Assume i=4%. If it is a deposit, then enter the value as a negative number and if it is a withdrawal, then enter the value as a positive number. n 0 1 2 3 4 5 CF 0 -500 -400 500 -500 -500 If the answer is a dollar value then enter the number without any comma, without $sign, without any gap, and with 2 decimal digits, for example, -5896547.12 4 If the answer is a % then enter the number with 3 decimal digits followed by a % sign without any gap, for example 3.123% or 4.210%
Subject : Accounting Thirteen years ago, Mr. Lawton rolled a $18,000 retiring allowance into an RRSP that subsequently earned 10.1% compounded semiannually. Four years ago he transferred the funds to an RRIF. Since then, he has been withdrawing $1100 at the end of each quarter. If the RRIF earns 8.1% compounded quarterly, how much longer can the withdrawals continue? (Do not round intermediate calculations and round up the number of payments, n, to the next whole number.)
Mr. Trafalgar Law purchased a house and lot worth P4,000,000. He paid a down payment of P1,500,000. He plans to amortize the loan of P2,500,000 by paying semi-annually for 5 years. The interest rate is 12% compounded semi-annually. (Round-off your FINAL answers to two decimal places but don't round-off any intermediate answers in the table) What is the interest component of the 8th payment?
Rico invested P5,000 for 3 years at 8%. Find the difference in the interest if the money is invested at compound interest calculated once per year and simple interest. O A. P1,298.56 B. P6,298 C. P298.60 D. P98.60
On 2003-06-17 Keiko invests $2,800.00 in an account paying i(¹) = 10.000%. The account uses the compound interest method for computing interest for partial periods. How much money does she receive when she withdraws it on 2008-10-03? a. $2,912.21 b. $2,909.63 c. $4,638.41 d. $2,916.08 e. $2,939.30
Please do not answer this question in excel thank you in advance. Find the future value of a single deposit of $54,000 earning 1.60% interest compounded quarterly after 60 years.
To be sure that you understand how to use the tables in Appendix A at the end of this book, solve the following exercises. Ignore income tax considerations. The correct answers, rounded to the nearest dollar, appear on page 855. Q. You have just won $50,000. How much money will you accumulate at the end of 5 years if you invest it at 6% compounded annually? At 12%?
Determine what the interest rate would have been if a financial asset valued at $156,500 amounted to a total value of $199,800 after 2 years.
you wanted to retire 35 years from now with SR 1.5 million. The interest rate is 5%, starting 1 year from now, you must invest in the end of each year: $ 16605 A O $ 16505 .B O $ 16405 .CO $ 16105.D O

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