Question

At an interest rate of 14%, approximately how much would you need to invest today if...

At an interest rate of 14%, approximately how much would you need to invest today if you wanted to have $1,500,000 in 10 Years? Use the selections from the present value tables below: 14 % Present Value of 1 Period 7 5 0.713 0.519 10 0.508 0.270 0.258 | 0.073 Present Value of an Annuity of Period 4.100 3.433 7.024 5.216 10.594 20 10:594 6.623 All answers are rounded to the nearest dollar. A $ 226,483 B. $ 109,500 $ 405.000 D. $287,577

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
How much would you have to invest today in the bank at an interest rate of...
How much would you have to invest today in the bank at an interest rate of 8% to have an annuity of 7,000 per year for 8 years, with nothing left in the bank at the end of the 8 years? Select the amount below that is closest to your answer. Ignore income taxes) Use the selections from the present value tables below! Present Value of $1 Period % 8\% 4 0.855 0.681 8 0.540 16 0534 0.292 Present Value...
How much would you have to invest today in the bank at an interest rate of...
How much would you have to invest today in the bank at an interest rate of 8% to have an annuity of 7,000 per year for 8 years, with nothing left in the bank at the end of the 8 years? Select the amount below that is closest to your answer. Ignore income taxes) Use the selections from the present value tables below! Present Value of $1 Period % 8\% 4 0.855 0.681 8 0.540 16 0534 0.292 Present Value...
You have $5,100 to invest today at 11​% interest compounded annually. Find how much you will...
You have $5,100 to invest today at 11​% interest compounded annually. Find how much you will have accumulated in the account at the end of​: (0.5 Marks each) (1) 4 years, (2) 8 years, and​ (3) 12 years. Using the values​ below, answer the questions that follow: Amount of annuity Interest rate Deposit period​ (years) ​$500 9​% 10 Calculate the future value of the​ annuity, assuming that it is ​An ordinary annuity. (0.5 marks) ​An annuity due. (0.5 marks) Compare...
How much money would you have to invest today, at an interest rate of 5% in...
How much money would you have to invest today, at an interest rate of 5% in order to reach your goal of $1,000,000 in 30 years? Assume you don't put any additional money into this investment. $123,737.45 $321,377.45 $231,377.45 $132,733.45 How much money would you need to invest every year in order to reach your goal of $1,000,000 in 30 years at the same interest rate of 5%, if you had no money up-front TODAY to invest? (PV=0) $15,051.44 $231,377.45...
a. How much would you have to deposit today if you wanted to have $42,000 in...
a. How much would you have to deposit today if you wanted to have $42,000 in three years? Annual interest rate is 10%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.)    b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 6% on your investments, how...
If you invest $14,766 today at an interest rate of 3.59 percent, compounded daily, how much...
If you invest $14,766 today at an interest rate of 3.59 percent, compounded daily, how much money will you have in your savings account in 13 years?
If you invest $18,000 today, how long would it take until you have $68,000 if you...
If you invest $18,000 today, how long would it take until you have $68,000 if you have an interest rate of 10%? If you invest $19,000 today what interest rate would you have to earn to have $75,000 in 23 years? How much would you have to invest for 22 years with an interest rate of 8% if you want to have a future value of $93,167,000?
A. Suppose you invest $83736 today in an account that earns 13% interest annually. How much...
A. Suppose you invest $83736 today in an account that earns 13% interest annually. How much money will be in your account 7 years from today? B. What is the value today of single payment of $36665, 18 years from today if the value is discounted at a rate of 19%? C. How many years would it take an investment of $172 to grow to $18096 at an annual rate of return of 15%? D. How much money would you...
How much money do you need to invest every year for 20 years at 8% interest...
How much money do you need to invest every year for 20 years at 8% interest in order to have $500,000? In other words, what is the present value of a compounding interest.
6. You are planning to invest $2,500 today for three years at a nominal interest rate...
6. You are planning to invest $2,500 today for three years at a nominal interest rate of 9 percent with annual compounding. a. What would be the future value of your investment? b. Now assume that inflation is expected to be 3 percent per year over the same three-year period. What would be the investment’s future value in terms of purchasing power? c. What would be the investment’s future value in terms of purchasing power if inflation occurs at a...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT