Question

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 to 0
decimal places, e.g. 458,581.)*

Compute the amount Leon would withdraw assuming the investment
earns interest compounded semiannually. *(Round factor
values to 5 decimal places, e.g. 1.25124 and final answer to 0
decimal places, e.g. 458,581.)*

Answer #1

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.

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.

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...

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...

Problem 6-5 Julia Baker died, leaving to her husband Leon an
insurance policy contract that provides that the beneficiary (Leon)
can choose any one of the following four options. Money is worth
2.50% per quarter, compounded quarterly. Compute Present value if:
Click here to view factor tables (a) $55,240 immediate cash. (Round
factor values to 5 decimal places, e.g. 1.25124 and final answer to
0 decimal places, e.g. 458,581.) Present value $ 55240 (b) $4,090
every 3 months payable at...

Leon Quincy wants to withdraw $31,500 each year for 14 years
from a fund that earns 9% interest.
Click here to view factor tables
How much must he invest today if the first withdrawal is at
year-end? How much must he invest today if the first withdrawal
takes place immediately? (Round factor values to 5 decimal places,
e.g. 1.25124 and final answers to 0 decimal places, e.g.
458,581.). A) first withdraws at year end?
B) First withdrawal immediately?

1, Leon Taylor is settling a $19,080 loan due today by making 6
equal annual payments of $4,640.74.
Click here to view factor tables
Determine the interest rate on this loan, if the payments begin one
year after the loan is signed. (Round answer to 0
decimal places, e.g. 8%.)
2, Sally Alvarez is investing $395,500 in a fund that earns 9%
interest compounded annually.
Click here to view factor tables
What equal amounts can Sally withdraw at the end...

1- Serena Willis will invest $27,700 today. She needs $42,972 in
9 years.
What annual interest rate must she earn?
2- Gary Bautista needs $27,000 in 3 years.
What amount must he invest today if his investment earns 12%
compounded annually? What amount must he invest if his investment
earns 12% annual interest compounded quarterly? (Round
factor values to 5 decimal places, e.g. 1.25124 and final answers
to 0 decimal places, e.g. 458,581.)
Investment at 12% annual interest, compounded quarterly...

Using the appropriate interest table, compute the present values
of the following periodic amounts due at the end of the designated
periods. Click here to view factor tables $50,440 receivable at the
end of each period for 8 periods compounded at 11%. (Round factor
values to 5 decimal places, e.g. 1.25124 and final answer to 0
decimal places, e.g. 458,581.) Present value $ Click here to view
factor tables $50,440 payments to be made at the end of each period...

Using the appropriate interest table, answer the following
questions. (Each case is independent of the others.)
What is the future value of 24 periodic payments of $4,660 each
made at the beginning of each period and compounded at 8%?
(Round factor values to 5 decimal places, e.g. 1.25124
and final answer to 0 decimal places, e.g.
458,581.)
The future value
$
What is the present value of $2,600 to be received at the
beginning of each of 30 periods, discounted...

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