Question

Coronado Altidore invested $9,500 at 6% annual interest, and
left the money invested without withdrawing any of the interest for
12 years. At the end of the 12 years, Coronado withdrew the
accumulated amount of money.

Click below to view the factor tables.

Table 1. Future Value of 1

Table 2. Future Value of an Annuity of 1

Table 3. Present Value of 1

Table 4. Present Value of an Annuity of 1

**(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)**

**(a)** What amount did Coronado withdraw, assuming
the investment earns simple interest?

Accumulated amount | $ |

**(b)** What amount did Coronado withdraw, assuming
the investment earns interest compounded annually?
*(Round answer to 2 decimal places, e.g.
25.25.)*

Accumulated amount | $ |

Answer #1

Jozy Altidore invested $7,300 at 12% annual interest, and left
the money invested without withdrawing any of the interest for 11
years. At the end of the 11 years, Jozy withdrew the accumulated
amount of money.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
(a) What amount did Jozy withdraw, assuming the
investment earns simple interest?
Accumulated amount
$16936
(b) What amount did Jozy withdraw, assuming the
investment earns interest compounded annually? (Round
answer...

Leon Jackson invests $37,500 at 10% annual interest, leaving the
money invested without withdrawing any of the interest for 10
years. At the end of the 10 years, Leon withdraws the accumulated
amount of money.
Compute the amount Leon would withdraw assuming the investment
earns simple interest. (Round answers to 0 decimal
places, e.g. 458,581.)
Compute the amount Leon would withdraw assuming the investment
earns interest compounded annually. (Round factor
values to 5 decimal places, e.g. 1.25124 and final answer...

4) Henry Bryant invests $37,000 at 6% annual
interest, leaving the money invested without withdrawing any of the
interest for 6 years. At the end of the 6 years, Henry withdraws
the accumulated amount of money.
a) Compute the amount Henry would withdraw assuming
the investment earns simple interest.
b) Compute the amount Henry would withdraw assuming
the investment earns interest compounded annually.
c) Compute the amount Henry would withdraw assuming
the investment earns interest compounded
semiannually.

Alan Jackson invests $58,700 at 8% annual interest, leaving the
money invested without withdrawing any of the interest for 8 years.
At the end of the 8 years, Alan withdraws the accumulated amount of
money. Compute the amount Alan would withdraw assuming the
investment earns simple interest? Compute the amount Alan would
withdraw assuming the investment earns interest compounded
annually? Compute the amount Alan would withdraw assuming the
investment earns interest compounded semiannually.

1- Henry Newman will invest $10,580 today in a fund that earns
6% annual interest.
How many years will it take for the fund to grow to
$18,947?
2- Donald Jackson invests $58,800 at 10% annual interest,
leaving the money invested without withdrawing any of the interest
for 10 years. At the end of the 10 years, Donald withdraws the
accumulated amount of money.
Compute the amount Donald would withdraw assuming the
investment earns interest compounded semiannually.

Waterway Railroad Co. is about to issue $460,000 of 6-year bonds
paying an 7% interest rate, with interest payable semiannually. The
discount rate for such securities is 8%.
Click below to view the factor tables.
Table 1. Future Value of 1
Table 2. Future Value of an Annuity of 1
Table 3. Present Value of 1
Table 4. Present Value of an Annuity of 1
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
In...

Joanne Quick made an investment of $23,016.97. From this
investment, she will receive $2,600 annually for the next 13 years
starting one year from now. Click here to view the factor table
Future Value of 1 Click here to view the factor table Future Value
of an Annuity of 1 Click here to view the factor table Present
Value of 1 Click here to view the factor table Present Value of an
Annuity of 1 (For calculation purposes, use 5...

Kenneth and Donna Garfield invested $7,400 in a savings account
paying 7% annual interest when their daughter, Angela, was born.
They also deposited $1,200 on each of her birthdays until she was
16 (including her 16th birthday).
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
How much was in the savings account on her 16th birthday (after the
last deposit)? (Round answer to 2 decimal places, e.g....

If Colleen Mooney invests $4,527.13 now and she will receive
$14,300 at the end of 17 years, what annual rate of interest will
Colleen earn on her investment? (Hint: Use Table 3.) (Round answer
to 0 decimal places, e.g. 25%.) Click here to view the factor table
Future Value of 1 Click here to view the factor table Future Value
of an Annuity of 1 Click here to view the factor table Present
Value of 1 Click here to view...

1) Company A wishes to know how much money it will have in 5
years if five equal amounts of $40 000 are invested with the first
payment invested immediately. What is the interest table
appropriate for this situation: present value of an ordinary
annuity, the future value of an ordinary annuity, the present value
of an annuity due, or future value of an annuity due? Please
explain

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