Question

17.

You want to invest an amount of money today and receive back ten times that amount in the future. You expect to earn 12.2 percent interest. Approximately how long must you wait for your investment to grow ten times in value?

Group of answer choices

6 years

9 years

12 years

15 years

20 years

18.

You have $1,100 today and want to triple your money in 5 years. What interest rate must you earn if the interest is compounded annually?

Group of answer choices

18.08 percent

19.90 percent

22.15 percent

24.57 percent

27.21 percent

19.

Assume the total cost of a college education will be $400,000 when your child enters college in 25 years. You presently have $25,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education?

Group of answer choices

9.65 percent

10.33 percent

11.00 percent

11.33 percent

11.72 percent

Answer #1

Ans 17 | Put in calculator | ||

FV | 1000 | ||

PV | -100 | ||

PMT | 0 | ||

I | 12.20% | ||

Compute N | 20.00 | ||

ans= 20
years |
|||

Ans 18 | |||

Put in calculator | |||

FV | 3300 | ||

PV | -1,100 | ||

PMT | 0 | ||

N | 5 | ||

Compute I | 24.57% | ||

Ans = |
24.57% |
||

Ans 19 | Put in calculator | ||

FV | 400,000 | ||

PV | -25,000 | ||

PMT | 0 | ||

N | 25 | ||

Compute I | 11.72% | ||

Ans = |
11.72% |

How much will you have in thirty-one years if you invest $220
today, and can earn 4.3%?
What is an investment fund worth today that will pay you $32,000
in eleven years, if you can earn 6%?
Your parents will put $13,000 into a Certificate of Deposit (CD)
today to provide you with $30,000 for your college education. If
the interest rate is 5%, how many years must you wait before you
can go to college?

You want to have $5,118 in 8 years. If you have $4,053 to invest
today, what interest rate must you earn?

You have just made a $6,200 contribution to your individual
retirement account. Assume you earn a rate of return of 9.50
percent compounded annually and make no additional contributions.
How much more will your account be worth when you retire in 35
years than it would be if you waited another 10 years before making
this contribution?
Group of answer choices
$88,610.66
$59,143.85
$148,554.52
$72,171.92
Assume the total cost of a college education will be $170,000
when your baby enters...

You have $65,000 to invest today for your child’s education. You
believe you will need $175,000 in 12 years when they enter college.
What rate of return do you need to earn on your initial investment
of $65,000 to meet your objective in 12 years?

You want to invest some money today that will grow, and later be
used to support semi-annual annuity payments of $2500.00, the first
one starting exactly 6 years from today. A total of 16 payments
will be received over 8 years. If interest is earned at 6%
compounded quarterly, how money should be invested today?

You want to invest all your graduation gift money in a 5-yr CD
that will generate 6.0% interest. You tallied up the gifts and have
$9,000 to invest today! When you graduate from college in 5 years,
you plan on taking a European cruise. You plan to withdraw $4,000
to cover expected costs of this cruise. You will then re-invest the
leftover funds in another CD that pays 8% interest compounded
annually for another 15 years. How much would you...

you plan to retire 35 years from today. You want to invest the
same amount each year starting one year from now so you can
withdraw $50000 each year during your retirement. You expect to
live independently for 25 years following your retirement. You also
need a lump sum of 350000 in 60 years to pay for permanent nursing
care until you die. You earn 10% per year. You intend to make your
first withdrawal one year after retiring. How...

You are planning for your future needs and retirement. You want
to receive $10,000 ten years from today and a retirement annuity of
$50,000 per year for 15 years with the first payment 15 years from
today. To pay for this, you will make 5 payments of $A per year
beginning today and 4 annual payments of $2A with the first payment
13 years from today. With an interest rate of 8% what is the value
for A?

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?

QUESTION 2
If I can invest $2,000 today and earn $3000 in five years, what
interest rate am I being paid? Enter your answer as a percentage to
two decimal points. For example: if your answer were ten percent,
you would enter 10.00

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 3 minutes ago

asked 7 minutes ago

asked 8 minutes ago

asked 13 minutes ago

asked 20 minutes ago

asked 20 minutes ago

asked 31 minutes ago

asked 38 minutes ago

asked 39 minutes ago

asked 41 minutes ago

asked 43 minutes ago

asked 1 hour ago