Question

1 year(s) ago, Fatima invested 6,290 dollars. In 1 year(s) from today, she expects to have...

1 year(s) ago, Fatima invested 6,290 dollars. In 1 year(s) from today, she expects to have 8,300 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 10,170 dollars? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).

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
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).
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...
3 year(s) ago, Mack invested 5,930 dollars. In 1 year(s) from today, he expects to have...
3 year(s) ago, Mack invested 5,930 dollars. In 1 year(s) from today, he expects to have 8,000 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?  
1 year(s) ago, Mack invested 6,650 dollars. In 2 year(s) from today, he expects to have...
1 year(s) ago, Mack invested 6,650 dollars. In 2 year(s) from today, he expects to have 8,410 dollars. If Mack 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 how much does Mack expect to have in 7 years from today?
Two years ago, Tim invested $13900. In four years from today. he expects to have $25100....
Two years ago, Tim invested $13900. In four years from today. he expects to have $25100. If Deshaun expects to earn the same annual return after four years from today as the annual rate implued from the past and expected alues given in the problem, then in how many years from today does he expect to have exactly $34700?
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...
Fatima just borrowed 111,412 dollars. She plans to repay this loan by making a special payment...
Fatima just borrowed 111,412 dollars. She plans to repay this loan by making a special payment of 30,056 dollars in 4 years and by making regular annual payments of 13,870 dollars per year until the loan is paid off. If the interest rate on the loan is 13.61 percent per year and she makes her first regular annual payment of 13,870 dollars immediately, then how many regular annual payments of 13,870 dollars must Fatima make? Round your answer to 2...
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?  
4 year(s) ago, Isaac invested 79,304 dollars. He has earned and will earn 9.05 percent per...
4 year(s) ago, Isaac invested 79,304 dollars. He has earned and will earn 9.05 percent per year in compound interest. If Fatima invests 130,108 dollars in 2 year(s) from today and earns simple interest, then how much simple interest per year must Fatima earn to have the same amount of money in 6 years from today as Isaac will have in 6 years from today? Answer as a rate in decimal format so that 12.34% would be entered as .1234...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT