Question

An investment of $ 18,500 amounts to $ 27,930 in three years. How many quarters must...

An investment of $ 18,500 amounts to $ 27,930 in three years. How many quarters must pass to accumulate $ 30,000? What is the nominal rate payable six times a year on this investment?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Formula in excel as:

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
Hurst Corp has the following investment opportunities available to accumulate $50M ten years from now. A....
Hurst Corp has the following investment opportunities available to accumulate $50M ten years from now. A. Invest $ 2,849,165 at the end of each year for 10 years. B. Invest $591,366 at the end of every quarter for 40 quarters. C. Invest $1,957,350 at the end of every six months for 20 semi-annual periods. D. Invest $280,000 at the end of every month for 10 years. Determine the RoR (Rate of Return per year) for each alternative and which is...
Hurst Corp has the following investment opportunities available to accumulate $50M ten years from now. A....
Hurst Corp has the following investment opportunities available to accumulate $50M ten years from now. A. Invest $2,849,165 at the end of each year for 10 years. B. Invest $591,366 at the end of every quarter for 40 quarters. C. Invest $1,957,350 at the end of every six months for 20 semi-annual periods. D. Invest $280,000 at the end of every month for 10 years. Determine the RoR (Rate of Return per year) for each alternative and which is the...
For how many years does one have to invest £15,000 for the value of the investment...
For how many years does one have to invest £15,000 for the value of the investment to become £60,000 when the interest rate is 10% payable quarterly? A. 10.25 years B. 7.10 years C. 15.55 years D. 11.33 years E. 8.24 years
How much must be deposited at the beginning of each year to accumulate to $16,000 in...
How much must be deposited at the beginning of each year to accumulate to $16,000 in six years if interest is at 9%?
Q3) How many years would it take an investment of $333 to grow to $10,789 at...
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 you need to deposit today at 23.00% annual interest compounded monthly to have $26,802 in the account after 13 years? Q5) If you deposit $729 into an account paying 15.00% annual interest compounded quarterly, how many years until there is $37,847 in the account? Q6) If you deposit $21,114 at 06.00% annual...
Etonic Inc. is considering an investment of $382,000 in an asset with an economic life of...
Etonic Inc. is considering an investment of $382,000 in an asset with an economic life of 5 years. The firm estimates that the nominal annual cash revenues and expenses at the end of the first year will be $262,000 and $87,000, respectively. Both revenues and expenses will grow thereafter at the annual inflation rate of 2 percent. Etonic will use the straight-line method to depreciate its asset to zero over five years. The salvage value of the asset is estimated...
A hedge funds promise $1,000,000 payout at the end of an investment period of five years....
A hedge funds promise $1,000,000 payout at the end of an investment period of five years. Their investment options are as follows; a) $600,000 today and remain invested for the full term b) $200,000 every quarter for the first three quarters c) $100000 every month for the first six months If the interest rate in 12.5%, which option is the best for the hedge fund? Why?
Present/future value computations 1. How much must be deposited on January 1, 2013 to accumulate a...
Present/future value computations 1. How much must be deposited on January 1, 2013 to accumulate a balance of $50,000 on December 31, 2017? At interest rate of 3.5% At interest rate of 6% 2. 50,000 is deposited at interest compounded annually what amount will be on hand in seven years At 4%? At 8% 2A. What if 50,000 is deposited at interest compounded semi-annually what amount will be on hand in seven years At 4%? At 8% 3. How much...
1. Sherwin Williams will earn $18,500 a year for the next 19 years for a picture...
1. Sherwin Williams will earn $18,500 a year for the next 19 years for a picture he has painted. At an interest rate of 12 percent, how much are the earnings worth today? (Enter your answer as a positive number rounded to 2 decimal places.) 2.You just won the $44 million lottery. You will receive $1.3 million a year for the next 25 years plus an additional payment of $11.5 million at the end of 25 years. The interest rate...
You are considering an investment in a new factory that will operate for 3 years. The...
You are considering an investment in a new factory that will operate for 3 years. The initial investment will be 330722. The nominal revenues at the end of Year 1 will be $250000. Revenues will grow at a real rate of 1%. Inflation will be 2%. The nominal costs at the end of Year 1 will be $30000. Costs will grow at a nominal 4% rate. The investment will depreciated on a straight line basis to zero over 3 years....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT