Knowledge Check Davis plans to save money to take a two-week cruise on December 31, 2028. On January 1, 2025, Davis plans to invest money an investment fund paying 8% interest to accumulate $12,000. How much should Davis deposit today to achieve the desired $12,000? (For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answ to two decimal places (e.g.; 52.75).) Table 3: Present Value of 1 (n) Periods 6% 7% 8%A 9% 10% 11% 1 .94340 .93458 .92593 .917,43 .90909 90090 2 .89000 .87344 .85734 .84168 .82645 .81162 3 .83962 .81630 .79383 .77218 .75132 .73119 4 .79209 .76290 .73503 .70843 .68301 .65873 5 .74726 .71299 .68058 .64993 .62092 .59345 Amount to deposit $ 9525.96

Knowledge Check Davis plans to save money to take a two-week cruise on December 31, 2028. On January 1, 2025, Davis plans to invest money an investment fund paying 8% interest to accumulate $12,000. How much should Davis deposit today to achieve the desired $12,000? (For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answ to two decimal places (e.g.; 52.75).) Table 3: Present Value of 1 (n) Periods 6% 7% 8%A 9% 10% 11% 1 .94340 .93458 .92593 .917,43 .90909 90090 2 .89000 .87344 .85734 .84168 .82645 .81162 3 .83962 .81630 .79383 .77218 .75132 .73119 4 .79209 .76290 .73503 .70843 .68301 .65873 5 .74726 .71299 .68058 .64993 .62092 .59345 Amount to deposit $ 9525.96

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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Answer the following questions correctly and show your Solution.a. Find the actual time from October 5, 2019 to December 11, 2019 b. Thirty months is equivalent to c. How much money will you have after 4 years if you deposited Php 10,000.00 in a bank that paste 6 % simple interest.
Suppose you want to have $600,000 for retirement in 25 years. Your account earns 4% interest. How muc would you need to deposit in the account each month? Submit Question /course/showcalendar.php?cid=179278 Search
You invest $ 500 today and receive $ 750 at the end of 5 years. a. DETERMINE the internal rate of return, using hand interpolation. Write answer to 2 decimal places. b. SUBMIT the procedures via the spreadsheet icon. Show all your computations. -
Maria Quick made an investment of $13, 695.17. From this investment, she will receive $1, 600 annually for the next 15 years starting one year from now. Click here to view the factor table What rate of interest will Maria's investment be earning for her? ( Hint: Use Table 4.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e. g. 25%.) Rate of interest enter the rate of interest in percentages rounded to o decimal places %
Label all final answers with the correct units, if applicable. Unless otherwise stated, use 4 decimal places for intermediate computations of interest rates (if needed) then round off final answers to two decimal places. For monetary amounts, use 2 decimal places even for intermediate computations. 3. Aika wishes to set aside a total of P60,000 as savings for the year 2022. She plans to deposit her savings at a bank that offers 3% annual interest rate, compounded monthly. She is deciding how to spread out these deposits during the year. For options A and B given below, determine the better option by finding the withdrawable balance by January 1, 2023. A. P30,000 deposits on June 1 and September 1, 2022 B. P20,000 deposits on June 1, August 1, and October 1, 2022 3
Helen Quick made an investment of $20,542.75. From this investment, she will receive $2,400 annually for the next 15 years starting one year from now. Click here to view the factor table What rate of interest will Helen's investment be earning for her? (Hint: Use Table 4.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to O decimal places, e.g. 25%.) Rate of interest %
For TVM calculator: Write each known variable’s value as it appears in the calculator and use a question mark for the missing variable. Then, in the space provided write the missing variable’s value, as it appears in the calculator. Finally, write your final answer in context, with units, as a complete sentence. Herman is looking to invest $5,000 in an account that earns 3.7% annual interest compounded semi-annually. If Herman plans to regularly deposit semi-annual payments of $1,575 into the account, how much is the account worth after 30 years? N=60 I= 3.7 PV=5000 PMT= 1575 FV= ? P/Y=2 C/Y=2 Missing Variable Value __________________ Context Sentence:
With a goal of purchasing one of the coveted trips to space offered by Pharoah, you deposit $53,000 in an account today that earns 11% compounded annually. You estimate the price tag for a trip to space to be $226,000. Using the NPER function in Excel or a financial calculator, determine how long it will take you to accumulate enough money to purchase a ticket. (Do not round intermediate calculations. Round final answer to 2 decimal places, e.g. 15.25.) Number of periods 2 years
Barbara Jones made an investment of $7,606.08. From this investment, she will receive $1,000 annually for the next 15 years starting one year from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What rate of interest will Barbara's investment be earning for her? (Hint: Use Table 4.) (Round answer to 0 decimal places, e.g. 25%) Rate of interest %
How much would you need to deposit in an account each month in order to have $20,000 in the account in 9 years? Assume the account earns 6% interest. Submit Question .com/course/showcalendar.php?cid=179278 Q Search
b) Starting from 1* June 2021 with a fresh bank account, Ah Guan save RM320.00 into the bank account every month. A fixed interest of 0.8% is given on the last day of every month. Determine the date (the last day of a month after the interest is given) where he will be able to purchase a smartphone worth RM3126.00 *display your final answer as: [last day of the month] / month / year
Aucutt Incorporated deposits $100,000 every January 1st and July 1st in a savings account for the next six years so that it can purchase a new piece of machinery at the end of six years. The interest rate is 12%. How much money will Aucutt Incorporated have at the end of six years? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.) $1,686,994 $908,901 $1,788,214 $811,519

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