Megan Brink is offered the possibility of investing $13,119 today at 9% Interest per year in a desire to accumulate $22,000. How manyyears must Brink wait to accumulate $22,000? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tablesprovided. Round your "PV of a single amount" to 4 decimal places and final answer to the nearest whole number.)Present ValueFuture Valuep (PV of a SingleAmount)Yearsyears

Simple Interest: This interest is always calculated on the initial principal amount. Compound…

Answered: Megan Brink is offered the possibility…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ken Francis is offered the possibility of investing $10,062 today; in return, he would receive $18,500 after 9 years. What is the annual rate of interest for this investment? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "PV of a single amount" to 4 decimal places and percentage answer to the nearest whole number.) Present Value 1 Future Value 1 p (PV of a Single Amount) Interest Rate %
Pearl Willis will invest $34,700 today. She needs $101,920 in 14 years. Click here to view factor tables What annual interest rate must she earn? (Round answer to 0 decimal places, e.g. 7%) Interest rate eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
If Oriole Mooney invests $1,560.48 now and she will receive $12,000 at the end of 18 years, what annual rate of interest will Oriole earn on her investment? (Hint: Use Table 3.) (Round answer to O decimal places, e.g. 25%.) Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual rate of interest %
Megan Brink is offered the possibility of investing $8,205 today at 9% Interest per year in a desire to accumulate $15,000. How many years must Brink wait to accumulate $15,000? (PV of $1. EV of $1. PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided. Round your "PV of a single amount" to 4 decimal places and final answer to the nearest whole number.) Present Value 150,000 Answer is complete but not entirely correct. P (PV of a Single Amount) Future Value 0.6421 Years 2 years
If you invest $17,500 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. In 7 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value b. In 18 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value Future value Val HOME c. In 25 years at 6 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 1 ARNE Inil STA Boll Com te doen Monta Panta BBELL Aaron Alfal amphenie dit ou Munimin is magna. Menin that dimin ilmais mmmmm ana multzal mmmmm
Ronald has an investment opportunity that promises to pay him $45,000 in five years. He could earn a 8% annual return investing his money elsewhere. What is the most he would be willing to invest today in this opportunity? (EV of $1. PV of $1. EVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.) Present value
Ronald has an investment opportunity that promises to pay him $52,000 in three years. He could earn a 6% annual return investing his money elsewhere. What is the most he would be willing to invest today in this opportunity? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.)
If you invest $17,500 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. In 7 years at 8 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Future value b. In 18 years at 7 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Future value c. In 25 years at 6 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Future value d. In 20 years at 6 percent (compounded semiannually)? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Future value
If you invest $15,000 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. In 6 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. In 17 years at 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c. In 15 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) d. In 14 years at 8 percent (compounded semiannually)? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Tom hopes to earn $600 in Interest in 4.3 years time from $60,000 that he has available to Invest. To decide if it's feasible to do this by Investing in an account that compounds annually, he needs to determine the annual Interest rate such an account would have to offer for him to meet his goal. What would the annual rate of interest have to be? Round to two decimal places. Answer How to enter your answer (opens in new window) % Interest formul Keyp Keyboard Short Dec 18 8:35 O
Steven Garcia invests $14,404.31 now for a series of $2,700 annual returns beginning one year from now. Steven will earn a return of 10% on the initial investment. Click here to view the factor table 1. Table 2 Table 3 Table 4 How many annual payments of $2,700 will Steven receive? (Hint: Use Table 4.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 5.24571. Round answer to O decimal places, e.g. 25.) Number of annual payments eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer
Carol wants to invest money in an investment account paying 10% interest compounding semi-annually. Carol would like the account to have a balance of $53,000 three years from now. How much must Carol deposit to accomplish her goal? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1).

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