Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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If an investment of $1147.00 earned interest of $252.00 at 7.5% compounded quarterly, for how many years and months was the money invested? State you
in years and months (from 0 to 11 months)
Need only handwritten solution only (not typed one).
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- General Instruction: Use Yellow paper for your computation and answer. Task 1. Compute the interest of the following: 1. P25,000 at 6% simple interest for 1 year. 2. P30,000 at 9.5% simple interest for 90 days. 3. P60,000 at 12.5% simple interest for 2 years and 6 months.arrow_forwardUsing either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount. $7000, deposited at 7% compounded quarterly, to reach at least $8000 The time required is year(s). (Type an integer or decimal rounded up to the next quarter.)arrow_forwardWhat amount of money invested today at 3.54% compounded monthly will have an accumulated value of $452,000 in 6 years from now. Round all answers to two decimal places if necessary. A P/Y = C/Y = N = I/Y = PMT = $ FV = $ PV = $arrow_forward
- What is the IRR for a $1,075 investment that returns $190 at the end of each of the next 6 years?(Perform all calculations using 5 significant figures and round your answer to two decimal places): Answer: ____________%arrow_forwardFind Simple Interest, A sum of $78000, is invested from March 13 until Dec 20 of the same year at 14.25% simple interest. using any two methods of computing Simple Interest:arrow_forwardYou have taken a loan of $77,000.00 for 29 years at 5.3% compounded quarterly. Fill in the table below: (Round all answers to 2 decimal places.) Payment number Payment amount Principal Amount Interest 0) 1) 2) 3) $ S $ $ Balance $77,000.00 $ sarrow_forward
- Using either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount. $6900, deposited at 8.6% compounded monthly, to reach at least $10,000 The time required is year(s) and [ months. ***arrow_forwardComplete the table by finding the balance A when $18,000 is invested at rate r for t years, compounded continuously. (Round your answers to two decimal places.) r = 8% t 10 20 30 40 50 A $ $ $ $ $arrow_forwardRefer to the pr the previous page. What is the present value today of $4,000 to be received 6 years from today? a. $4,000 × 0.926 X 6 b. $4,000 × 0.794 X 2 c. $4,000 X 0.681 X 0.926 d. cannot be determined from the informa- tion givenarrow_forward
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