Question:(11) What amount of money must be invested today in order to grow to $2,000 in 3 years at an interest rate of 5% compounded monthly?
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Question:(11) What amount of money must be invested today in order to grow to $2,000 in 3 years at an interest rate of 5% compounded monthly?
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- Question: What amount of money must be invested today in order to grow to $2,000 in 3 years at an interest rate of 5% compounded monthly?4. (a) How many years will it take to have $5,800 if you invest $1,500 at 5%compounded monthly?(b) What effective annual interest rate would this be equivalent to?1. At what annual interest rate will $1,200 invested today be worth $2.500 in 12 years?
- 1. At what interest rate will a sum of money triple itself in 10 years time? 2. How long will it take for $7,000 to have a maturity value of $12,000 if it is invested at 15% interest?6. What will $153, 000 grow to be in 13 years if it is invested today in an account with a quoted annual interest rate of 10% with monthly compounding of interest?How much do you have to deposit today so that beginning 11 years from now you can withdraw 10,000 a year for the next 5 years ( periods 11 through 15 ) plus an additional amount of 20,000 in the last year ( period 15 ) ? Assume an interest rate of 7 percent. The amount of money you have to deposit today is $?
- (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?What is the value of today of an investment that will pay $100 per year for 5 years. Assume first payment is made 1 year from today and the interest rate is 7%?What's the future value of an initial $100 after 3 years if it is invested in an account paying 10% annual interest and compounded annually? How about if the interest is compounded monthly, daily or hourly?
- Suppose you are going to invest $11,000 per year for six years. The appropriate interest rate is 9 percent. What is the future value if the payments are made on the last day of the year? What if the payments are made on the first day of the year? a) $82,756.68; $90,204.78 b) $90,204.78; $82,756.68 c) $49,345.10; $53,786.16 d) $53,786.16; $49,345.10What is the maximum amount you should pay today for an investment that pays a single future cash flow of $25,000 in 5 years if the appropriate interest rate is 2% compounded semiannually?What is the value today of a money machine that will pay $1,507.00 per year for 10.00 years? Assume the first payment is made today and that there are 10.0 total payments. The interest rate is 7.00%.