Question

Lena plans to invest 8,800 dollars in 6 year(s) and 5,300 dollars in 5 year(s). She...

Lena plans to invest 8,800 dollars in 6 year(s) and 5,300 dollars in 5 year(s). She expects to earn 6.24 percent, compounded quarterly. How much money does Lena expect to have in 9 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
Lena plans to invest 5,100 dollars in 2 year(s) and 6,100 dollars in 1 year(s). She...
Lena plans to invest 5,100 dollars in 2 year(s) and 6,100 dollars in 1 year(s). She expects to earn 15.64 percent, compounded quarterly. How much money does Lena expect to have in 11 years? Carlton plans to save $630 every 6 months for 14 years. He plans to make his first savings contribution in 6 months and he expects to earn 9.22 percent per year. How much does he expect to have in 14 years? Davi currently has $29,000 saved...
1 year(s) ago, Mack invested 6,490 dollars. In 1 year(s) from today, he expects to have...
1 year(s) ago, Mack invested 6,490 dollars. In 1 year(s) from today, he expects to have 8,680 dollars. If Mack expects to earn the same annual return after 1 year(s) from today as the annual rate implied from the past and expected values given in the problem, then how much does Mack expect to have in 6 years from today? 3 year(s) ago, Carl had 248,400 dollars in his account. In 5 year(s), he expects to have 456,200 dollars. If...
Martina plans to retire in 5 years. She plans to collect annual payments of $49,100 for...
Martina plans to retire in 5 years. She plans to collect annual payments of $49,100 for several years. Her first annual payment is expected to be received in 5 years and her last annual payment is expected in 11 years. She can earn 12.99 percent per year. How much money does Martina expect to have in 5 years?
1. Maria plans to invest some money so that she has $3,100 at the end of...
1. Maria plans to invest some money so that she has $3,100 at the end of three years. Determine how much should she invest today given the following choices a.4.2 percent compounded daily. b. 4.9 percent compounded monthly. c.. 5.2 percent compounded quarterly. d, 5.4 percent compounded annually. 2. You have just inherited $550,000. You plan to save this money and continue to live off the money that you are earning in your current job. If you can invest the...
2 year(s) ago, Mary invested 32,663 dollars. She has earned and will earn compound interest of...
2 year(s) ago, Mary invested 32,663 dollars. She has earned and will earn compound interest of 9.95 percent per year. In 1 year(s) from today, Albert can make an investment and earn simple interest of 4.91 percent per year. If Albert wants to have as much in 6 years from today as Mary will have in 6 years from today, then how much should Albert invest in 1 year(s) from today? 1 year(s) ago, Goran invested 56,351 dollars. He has...
3 year(s) ago, Vivian invested 38,683 dollars. She has earned and will earn compound interest of...
3 year(s) ago, Vivian invested 38,683 dollars. She has earned and will earn compound interest of 11.87 percent per year. In 3 year(s) from today, Vince can make an investment and earn simple interest of 13.17 percent per year. If Vince wants to have as much in 7 years from today as Vivian will have in 7 years from today, then how much should Vince invest in 3 year(s) from today? 2 year(s) ago, Liam invested 64,777 dollars. He has...
3 year(s) ago, Jabari had 165,300 dollars in his account. In 6 year(s), he expects to...
3 year(s) ago, Jabari had 165,300 dollars in his account. In 6 year(s), he expects to have 316,500 dollars. If he has earned and expects to earn the same return each year from 3 year(s) ago to 6 year(s) from today, then how much does he expect to have in 1 year(s) from today?  
Bertina plans to retire in 4 years. She plans to collect annual payments of $53,800 for...
Bertina plans to retire in 4 years. She plans to collect annual payments of $53,800 for several years. Her first annual payment is expected to be received in 5 years and her last annual payment is expected in 11 years. She can earn 10.23 percent per year. How much money does Bertina expect to have in 4 years?
1 year(s) ago, Fatima invested 5,980 dollars. In 1 year(s) from today, she expects to have...
1 year(s) ago, Fatima invested 5,980 dollars. In 1 year(s) from today, she expects to have 8,640 dollars. If Fatima expects to earn the same annual return after 1 year(s) from today as the annual rate implied from the past and expected values given in the problem, then in how many years from today does she expect to have exactly 11,470 dollars? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).
1 year(s) ago, Fatima invested 5,420 dollars. In 2 year(s) from today, she expects to have...
1 year(s) ago, Fatima invested 5,420 dollars. In 2 year(s) from today, she expects to have 7,960 dollars. If Fatima expects to earn the same annual return after 2 year(s) from today as the annual rate implied from the past and expected values given in the problem, then in how many years from today does she expect to have exactly 12,460 dollars? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT