If $7,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $32,099.11 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.)% Mary Stahley invested $1500 in a 24-month certificate of deposit (CD) that earned 8.5% annual simple interest. How much did Mary receive when the CD matured?$When the CD matured, she invested the full amount in a mutual fund that had an annual growth equivalent to 20% compounded annually. How much was Mary's mutual fund worth after 12 years? (Round your answer to the nearest cent.)$

Invested Amount = $7,000 Investment Date = September 30, 2008 Maturity Date = September 30, 2018…

Answered: If $7,000 had been invested in a…

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

If $13,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $59,102.69 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.)
Assume that at the beginning of the year, you purchase an investment for $6,500 that pays $95 annual income. Also assume the investment's value has increased to $7,050 by the end of the year. a. What is the rate of return for this investment? Note: Input the amount as a positive value. Enter your answer as a percent rounded to 2 decimal places.
An investment pays $200 at the end of Year I. $250 at the beginning* of Year 2. $387 at the end of Year 4. and $500 at the beginning of Year 6. If other investments of equal Mk earn 7.5% annually. what will be this investments present value and future value?
An investment will pay $19,691 in 19 years. If the interest rate is 12.24%, how much is it worth today? (Round to 2 decimal places.)
What would be the future value of $7,992 invested annually for nine years beginning one year from now if the annual interest rate is 10 percent? (Round answer to 2 decimal places, e.g., 1,220.25.) Future value . . $
If 14,000 dollars had been invested in the fictious fund on June 30, 1995, then on June 30, 2005 the investment would have been worth 55, 177. 52 dollars. What interest rate compounded annually would this investment have earned?
(a) Find the APY for money invested at 7.2% compounded continuously? (b) If $2000 is invested today at 8% compounded quarterly, how much would it be worth in 2030? (c) How much should you deposit presently at 6% compounded quarterly in order to receive payments of $800 quarter for the next 5 years?
Suppose your uncle invested $113,000 in an investment 4 years ago. The investment is worth now $237,500. The annual interest rate (rate of return) on the investment during this period must be % per year. (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16))
How is the accumulated value 12,373.78 if yearly payments of 20,000 are made?
For the following exercise, use the compound interest formula, A(t) = P 1 + r n nt , where money is measured in dollars.After a certain number of years, the value of an investment account is represented by the expression 10,950 1 + 0.03 2 24 . How many years had the account been accumulating interest? yr
2. If $14,000 had been invested in the Fictious Fund on June 30, 1995, then on June 30, 2005 the investment would have been worth $55,177.52. What interest rate compounded annually would this investment have earned? Round to the nearest hundredth of a percent.
An investment becomes P 4,500,000 four years from now and becomes P 5,250,000 thirteen years from now. a. Assuming rate of compounded interest remains constant through time, what was the investment's value on the present time? b. What rate of interest compounded quarterly is equivalent to the interest rate of the given investment? c. What rate of interest compounded monthly is equivalent to the interest rate of the given investment?

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