Question

If F=15,000, P = 1,250, and n= 15 years; find the interest rate per year Group...

If F=15,000, P = 1,250, and n= 15 years; find the interest rate per year Group of answer choices

18.017% 18.25% 17.98% 18.10%

Math   Statistics-And-Probability   
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
Axel intends to invest $15,000 each year for 6 years at an expected interest rate of...
Axel intends to invest $15,000 each year for 6 years at an expected interest rate of 7% per year. If Axel invests monthly, then he intends to invest $______ each month for ____ months at an expected interest rate of ____% per month.
1 As the interest rate increases, the present value of an annuity decreases. Group of answer...
1 As the interest rate increases, the present value of an annuity decreases. Group of answer choices False True 2 As the number of periods N increases, the future value of a savings account increases. Group of answer choices True False 3 Forty years ago, Jordan purchased an investment for $10,000. The investment earned 5 percent rate of return each year. What is the worth of the investment today? Group of answer choices 73,584.17 70,399.89 400,000.00 151,090.21
      Would you rather receive: $15,000 in three years, $1,000 per year for 20 years or...
      Would you rather receive: $15,000 in three years, $1,000 per year for 20 years or $2000 per year for 15 years if the discount rate is 20%? why
1. Would you rather receive: $15,000 in three years, $1,000 per year for 20 years or...
1. Would you rather receive: $15,000 in three years, $1,000 per year for 20 years or $2000 per year for 15 years if the discount rate is 20%? 2. Why?
The future value of an investment of P dollars compounded n times per year with an...
The future value of an investment of P dollars compounded n times per year with an APR of 100r% (this means r is the decimal) and a length of t years is given by F(P,r,n,t) = P ?1 + r ?nt dollars. Find and write a sentence of interpretation for the following % (this means r is the decimal) and a length of t years is given by F (P, r, n, t) = P (1 + r/n)^nt dollars. Find...
If $500 is invested at an interest rate of 5.5% per year, find the amount of...
If $500 is invested at an interest rate of 5.5% per year, find the amount of the investment at the end of 15 years for the following compounding methods. (Round your answers to the nearest cent.) A.) Annually: $ B.) Semiannually: $ C.) Quarterly: $ D.) Continuously: $
Suppose you receive $1,250 at the end of each year for the next four years. a....
Suppose you receive $1,250 at the end of each year for the next four years. a. If the interest rate is 10%, what is the present value of these cash flows? b. What is the future value in three years of the present value you computed in (a)? c. Suppose you deposit the cash flows in a bank account that pays 10% interest per year. What is the balance in the account at the end of each of the next...
Find the PV & FV PV FV N (years) interest rate $30,000 5 0.05 $40,000 8...
Find the PV & FV PV FV N (years) interest rate $30,000 5 0.05 $40,000 8 0.15 $40,000 9 0.075 FV PV N (years) interest rate $3,000 4 0.1 $50,000 8 0.6 $20,000 14 0.75 PV FV N (years) interest rate $25,000 6 0.025 $35,000 12 0.03 $45,000 15 0.05 FV PV N (years) interest rate $1,800 10 0.08 $2,600 6 0.04 $3,500 8 0.06
If a capital sum of money P is placed on compound interest at a rate I...
If a capital sum of money P is placed on compound interest at a rate I compounded annually, show that the future sum of the F, after the number of interest periods n could be expressed as: If a sum of £25,000 is invested at the interest rate of 8 percent per year for 10 years. How much will the investor receive at the end of investment. To receive £10,000 in the future 20 years from now, how much should...
Simple and compound interest rate 5. I considered an investment of $ 15,000 made in the...
Simple and compound interest rate 5. I considered an investment of $ 15,000 made in the present (year 0) and that remains for 15 years. Determine the total amount accumulated at the end of year 15, if the investment offers (a) a simple interest rate of 8% per year, and (b) a compound interest rate of 8% per year effective 6. If a person requires a loan in the amount of $ 25,000 in the present. If your financial institution...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT