Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:You invested an amount of R10,000 with an interest of 4.5%. What is the future value of your investment at
the end of the 3 years.
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- You are investing the following amounts at the end of each of the following three years. How much will this investment be worth at the end of the third year if your investment earns 5.4% compounded annually? Year Amount 1 $2,000 2 $4,000 3 $6,000arrow_forwardYou have $68,513 you want to invest. You are offered an investment plan that will pay you 4.58 percent per year for the first 20 years and 6.81 percent per year for the last 21 years. How much will you have (in $) at the end of the two periods? Answer to two decimals. < Previousarrow_forwardif 10, 000 is invested in a certain business at the start of the year, the investor will receive 1, 000 at the end of each of the next 7 years. What is the present value of this business opportunity if the interest rate is 5% per year?arrow_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_forwardAssume 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.arrow_forwardIf the interest rate is 3 percent then what is the present value of $8,198 to be received in 6 years ?arrow_forward
- Calculate the future value of an investment of $1, 000 at an interest rate of 5% after 5 years. ( USE EXCEL PLEASE)arrow_forwardAssume that you have saved $2,000 to invest today. At an annual interest rate of 8%, how much money will you have accumulated at the conclusion of each of the following time-frames? 4 years. 8 years. 12 years.arrow_forward
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