Ellen now has $420. How much would she have after 7 years if she leaves it invested at 5.4% with annual compounding? (please round your answer to two decimals)
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Ellen now has $420. How much would she have after 7 years if she leaves it invested at 5.4% with annual compounding? (please round your answer to two decimals)
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- Margaret Moore expects to need $44,000 for a down payment on a house in six years. How much would she have to invest today in an account paying 8.25 percent in order to have $44,000 in six years? (Round answer to 2 decimal places, e.g. 52.75.)If Oriole Mooney invests $1,560.48 now and she will receive $12,000 at the end of 18 years, what annual rate of interest will Oriole earn on her investment? (Hint: Use Table 3.) (Round answer to O decimal places, e.g. 25%.) Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual rate of interest %Please help me answer the following time value of money question. Suppose Nicole deposits $50,000 in an account that pays 9% compounded annually. How long does it take before her balance is $125,000?
- A family has a goal of saving $31,000 to be used as the down payment for a house. If they put $27,500 into an account earning 6.72% interest compounded monthly, how many years will it take until the account has $31,000 in it? Round your final answer to two decimal places.If you owe $32,000 payable at the end of five years, what amount should your creditor accept in payment immediately if she could earn 12 percent on her money? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Present valueYou plan on investing $1.900 every 4 years while earning 6% per year. How much money will you have in total, immediately after investing the last payment amount? Round your answer to the nearest 2 decimal places and do not include a dollar sign. For instance 46.75.
- Sue now has $500. How much would she have after 10 years if she leaves it invested at 8.5% with annual compoundingYou are scheduled to receive $19,000 in two years. When you receive it, you will invest it for six more years at 9.5 percent per year. How much will you have in eight years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Account valueNia now has $130. How much would she have after 10 years if she leaves it invested at 8.5% with annual compounding? a. $298.86 b. $141.05 c. $293.93 d. $316.03 e. $270.90
- If you desire to have $15,000 for a down payment for a house in six years, what amount would you need to deposit today? Assume that your money will earn 2 percent. Use the appropriate factor(s) from the tables providedAnn Chang is investing $3,500 TODAY and will do so at the BEGINNING of each year for the next six years (eg., $3,500 at year= 0, $3,500 at year=1, etc. $3,500 at year 6). She will be investing seven payments in all. How much will she have at the BEGINNING of year 7 if her investments eam 6% interest? (Round your answer to the nearest dollar) O $31,141 O $25,970 O $29,378 O $28.249Suppose James will have $25,000.00 for a down payment on a house in 6 years. How much would he have to invest today (present value) if his investment earns a nominal rate of 5 ¼ % compounded monthly? b. How much interest did James’s account earn during the 6 years?