Question

3. You have $5,100 to invest today at 11​% interest compounded annually. Find how much you...

3. 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.
Business   Finance   
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
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...
You have ​$4,800 to invest today at 8​% interest compounded annually. a.  Find how much you...
You have ​$4,800 to invest today at 8​% interest compounded annually. a.  Find how much you will have accumulated in the account at the end of​ (1) 2 ​years, (2) 4 ​years, and​ (3) 6 years. b.  Use your findings in part a to calculate the amount of interest earned in​ (1) the first 2 years​ (years 1 to 2​), ​(2) the second 2 years​ (years 3 to 4​), and​ (3) the third 2 years​ (years 5 to 6​). c.  ...
You have $1,500 to invest today at 7% interest compounded annually. How much will you have...
You have $1,500 to invest today at 7% interest compounded annually. How much will you have accumulated in the account at the end of the following number of years? In three years; In five years In seven years
Q1) Suppose you invest $66,624 today in an account that earns 13.00% interest annually. How much...
Q1) Suppose you invest $66,624 today in an account that earns 13.00% interest annually. How much money will be in your account 11 years from today? Q2) What is the value today, of single payment of $51,252 made 13 years from today, if the value is discounted at a rate of 04.00%? Q3) How many years would it take an investment of $333 to grow to $10,789 at an annual rate of return of 11.00%? Q4) How much money would...
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...
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?
1) You deposit $500 each month into an account earning 3% interest compounded monthly. a) How...
1) You deposit $500 each month into an account earning 3% interest compounded monthly. a) How much will you have in the account in 25 years? b) How much total money will you put into the account? c) How much total interest will you earn? 2) Suppose you invest $190 a month for 6 years into an account earning 7% compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 21 years....
You deposit $4000 each year into an account earning 3% interest compounded annually. How much will...
You deposit $4000 each year into an account earning 3% interest compounded annually. How much will you have in the account in 25 years?
Question No : 3 If you deposit 10 $ in an account, that pays 5% interest,...
Question No : 3 If you deposit 10 $ in an account, that pays 5% interest, compounded annually, how much you will have at the end of 10 years? 50 years and 100 years How much will be in account at the end of 5 years the amount deposited today is 10,000 and interest is 8% per year, compounded semiannually? How much would I have to deposit in an account today that pays 12% interest, compounded quarterly, so that I...
Justin invests $3,000 in a savings account. The account pays 3% interest compounded annually. How much...
Justin invests $3,000 in a savings account. The account pays 3% interest compounded annually. How much money will be in the account at the end of the 8 years
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT