FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Would you rather have $463 now or $1,000 ten years from now? Assume that you can earn 9% on your
investments.
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- If you invest $56,000 today in an account that pays 8.3% a year, how much will you have in 31 years?Formula?Excel Function?arrow_forwardIf you invest $1,200 for 40 years at an 8.1% rate of return, you will have accumulated: (Keep 2 decimal places)arrow_forwardHow much will you accumulate if you invest $800 a year for 10 years at a rate of 8% per year?arrow_forward
- three years ago maxwell invested 6020. In 1 year from today he expects to have 9120. If maxwell expects to earn the same annual return after 1 year from today as the annual rate implied from the past and expected values given in the problem, then how much does maxwell expect to have in 5 years from today? a .) 15328.14 b.)13816.35 c.)15868.14 d.)18224.63arrow_forwardYou invest $4,716.00 at the beginning of every year and your friend invests $4,716.00 at the end of every year. If you both earn an annual rate of return of 8.06%, how much more money will you have after 23.0 years?arrow_forwardYou have $76,000 in your account that you want to grow to triple that amount in 25 years. What annual rate of return is necessary to reach your goal? (Note: Enter your answer is a decimal, not a percentage. For example, enter .0452 instead of 4.52%) Your Answer: Answerarrow_forward
- If you invest $10,000 at 8.125% interest compounded daily, how long will it take for you to accumulate $15,000? (Give the number of periods and the number of years, rounded to the nearest hundredth.) b) How long will it take for you to accumulate $100,000?arrow_forwardYou want to invest $100.00 for three years at 10%. What will the $100 dollars grow to?arrow_forwardIf you want to have $150,000 at the end of 14 years and you know you can get 6% interest, what amount do you need to invest now?arrow_forward
- You will have $100,000 exactly 7 years from now. You began with an investment of $50,000 at Time Zero. What rate of interest did you earn?arrow_forwardYou just deposited $6, 500 in an investment account and will deposit $ 5000 more four years from now. Use tabulated factor values to determine how much will be in the account 11 years from now if the rate of return is 10% per year? 11 years from now, the account will have $.arrow_forwardYou would like to have $29,753 in 7 years.. If the rate is 9.57%, how much do you have to invest each year? lo efarrow_forward
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