Culver requires $230000 in four years to purchase a new home. What amount must be invested today in an investment that earns 10% interest, compounded annually? $336742. $157092. $171567. $163162.
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- You just purchased a parcel of land for $54,000. To earn a 11% annual rate of return on your investment, how much must you sell the land for in 5 years? Assume annual compounding. (Round to nearest penny, e.g. 1234.56)If Taylor Greene invests a maximum of __________ today at a rate of 8.5%, then he will approve a house renovation project that will last for the next 11 years and is expected to generate a $100,600 annuity during that time. a. $1,719,865.93 b. $660,071.61 c. $616,066.84 d. $701,079.83 e. $668,718.80Raya is saving for a new car. He needs to have OMR 21000 for the car in three years. How much will he have to invest today in an account paying 8 percent annually to achieve his target Select one: a. 22680.80 OMR b. 17107.50 OMR c. 24680.70 OMR d. None of these e. 16670.47 OMR
- An individual has $1,000 to invest and wants to accumulate $1,470 in 5 years. What interest rate, compounded semiannually, must be earned to accomplish the objective?WHICH INVESTMENT?Jan Reus sold her home and has $ 18.000 to invest.She believes she can earn 8% compounded quarterly Find the compound amount if she invests for (a) 3 years and (b) 6 years. (c)Then find the additional amount earned due to the longer time period.If Maria wants to be a millionaire ($1,000,000) by the time she retires (45 years from now), how much does she need to put into an investment that is paying 8% interest compounded semi-annually? A) $29,308.90 B) $171,198.41 C) $31,327.88 D) $176,996.84
- Bradley Snap has deposited $7 000 in a guaranteed investment account with a promised rate of 6% compounded annually. He plans to leave it there for 4 full years when he will make a down payment on a car after graduation. How much of a down payment will he be able to make? A $8 960.00 B) $2 175.57 C) $8 837.5 D) $30 622.2Scarlett is considering investing $10,000 she will receive from a trust fund when she turns 25 years old. If she invested the money for three years at 4% per year, compounded annually, what would her investment be worth at the end of three years? Note: Assume this problem uses Compounding Interest (compounded annually), NOT Simple Interest. $10,400 $11,200 $11,249 O $10,816Dr. J. wants to buy a Dell computer which will cost $2,788 four years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 7% annual return. How much should he set aside? A. $823.15 B. $531.81 C. $627.93 D. $697.00
- 6. If you desire to have $80,000 for a down payment for a house in 7 years, what amount would you need to deposit each year for these 7 years? Assume that your money will earn 10 percent per year. 7. Kate deposits $9,900 each yearinto her retirement account. If these funds have an average earning of 11 percent over the 40 years until her retirement, what will be the value of her retirement account?Elizabeth and William want to begin saving for their child's college education. They estimate that they will need $119000 in twenty years. If they can earn 5% per annum, how much must be deposited at the end of each of the next twenty years to fund the education? O $9549 $9282 O $3599 O $3897Betty Harris wants to accumulate $11,000 by the end of 12 years. If the annual interest rate is 5.9 percent and interest compounds semiannually, how much will she have to invest today to achieve her goal? (Round intermediate calculations to 6 decimal places, e.g. 2.512512 and final answer to 2 decimal places, e.g. 2,515.25.) Present value of investment $
