Question

If $12,000 had been invested in a certain investment fund on September 30, 2008, it would have been worth $54,089.24 on September 30, 2018. What interest rate, compounded annually, did this investment earn? (Round your answer to two decimal places.)

Answer #1

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Ten years ago, Bruce invested $1,250. Today, the investment is
worth $3,550. If interest is compounded annually, what annual rate
of return did Bruce earn on his investment?

If you invested $1 today an interest rate of 7%, and the
interest compounded annually, how much would your dollar be worth
in 5 years? Round your answer to two decimal places. show work with
excel use control ~

Refer to Fidelity® International Index Fund. Its ticker symbol
is FSPSX.
Fund Values as of September 30th
2009 $10,000
2010. $10,324
2011 $9,314
2012 $10,682
2013 $13,247
2014 $13,815
2015 $12,680
2016 $13,525
2017 $16,095
2018 $16,518
2019 $16,354
Question 1: What was its 10-year average annual return? That is,
what was its geometric average return for the ten years ending
9/30/2019?
Stated differently, if I had invested in FSPSX ten years
ago(i.e., on
9/30/2009), I would have earned ______%...

1a.) During 2008 the S&P 500 index depreciated by 37.6%.†
Assuming that this trend had continued, how much would a $6,000
investment in an S&P index fund have been worth after 9 years?
(Round your answer to the nearest cent.)
1b.)
A $4,000 loan, taken now, with a simple interest rate of 7% per
year, will require a total repayment of $6,240. At what time
t will the loan mature?

1). How much should be invested at 7% to have $1300 at the end
of 2.5 years? (Round your final answer to two decimal places.)
2).Find the annual nominal rate for the effective rate given
below.
Effective rate = 4.902%. Annual rate is compounded quarterly.
(Round your final answer to one decimal place.)
3). Consider the following.
$38,000 is invested at 5.5% compounded annually for 7 years.
(Round your final answers to two decimal places.)
a. Find the final amount...

Chapter 13
Financial Planning Exercise 9
Calculating approximate yield on mutual fund
About a year ago, Ramon Navarrete bought some shares in the
Saphire Lake Mutual Fund. He bought the fund at $25.80 a share, and
it now trades at $26.30. Last year the fund paid dividends of 51
cents a share and had capital gains distributions of $1.03 a
share.
Using the approximate yield formula, what rate of return did
Ramon earn on his investment? Round the answer to...

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...

You have your choice of two investment accounts. Investment A is
a 6-year annuity that features end-of-month $3,000 payments and has
an interest rate of 8 percent compounded monthly. Investment B is
an annually compounded lump-sum investment with an interest rate of
10 percent, also good for 6 years.
How much money would you need to invest in B today for it to be
worth as much as Investment A 6 years from now? (Do not
round intermediate calculations and...

1)Sophie invested an amount of $24,000 in a mutual fund. After 3
years and 3 months the accumulated value of her investment was
$25,815.47. What is the quarterly compounded nominal interest rate
of the investment?
2)Helen heard that she could triple her money in 27 years if she
invested it in her friend's telecommunications business. What
nominal interest rate compounded quarterly does the business
offer?
3)If an investment grew to $15,000 in 2 years and the interest
amount earned was...

If you had invested $10,000 on January 1st, 2009, at 6%
interest compounded quarterly, how much would you have on October
1,2018?
How much money must you deposit at 4% interest compounded
annually in order to earn $ 240.00 interest in one year?

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