How many year and how many days
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Calculate the time necessary to achieve an investment goal. Use 365 day year.
$1000 @ 9% simple interest. Deposit $650
How many year and how many days
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- Calculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use a 365-day year. (First enter the total number of full years, then give the remaining days.) $1,000 at 8% simple interest; deposit $650 _____years, ________daysCalculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use a 365-day year. (First enter the total number of full years, then give the remaining days.) $7,000 at 5% daily interest; deposit $5,000 ____years, ____daysCalculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use a 365-day year. (First enter the total number of full years, then give the remaining days.) $9,000 at 4% daily interest; deposit $6,000
- Find the amount that should be set aside today to yield the desired future amount. Use the table. Future amount Interest Compounding Investment time rate period 4% semiannually 4 years Click here to view page 1 of the table. Click here to view page 2 of the table. needed $2,000 The amount that should be set aside today is $ GLEED (Round to the nearest cent as needed.)Find the amount that should be set aside today to yield the desired future amount. Use the table. Future amount Interest Compounding Investment time rate period 4% semiannually 2 years Click here to view page 1 of the table. Click here to view page 2 of the table. needed $2,000 The amount that should be set aside today is $ (Round to the nearest cent as needed.)set up an equation and solve each problem. Suppose that $500 is invested at a certain rate of interest compounded annually for 2 years. If the accumulated value at the end of 2 years is $594.05, find the rate of interest.
- Suppose that you wish to save the amount indicated below. You will make the first investment one month from now. opportunity how much will you need to invest at the end of each month to reach your savings goal. Assume that you the end of the term indicated below. Round your final answer to two decimals. Savings goal: Frequency of investment: Term: Expected return Monthly investment $ 776,223.00 Monthly 13 Years from now 9% APRProblem #1. You invested $150 at the end of every month for 10 years at 7% interest compounded monthly. Use formulas (not tables) to calculate (a) How much your investment is worth after 10 years. Show your work. (b) If you had invested the money at the beginning of each month rather than at the end, how much would be in your account? Show your work.Find the time required for an investment of 4,000 dollars to grow to 14,000 dollars at an interest rate of 5% per year, compounded monthly. Give your answer accurate to 2 decimal places. years. Question Help: DVideo Submit Question
- Suppose you save $2,800 ayear for 43 years into an investment account that earns 8.5% return, how much will you have at the end of the periods? Formula? Excel Function?Find the amount that should be set aside today to yield the desired future amount. Future amount Interest Compounding period semiannually Investment needed rate time $10,000 4% 2 years Click the icon to view the present value of $1.00 table. The present value is $ (Round to the nearest cent as needed.)When an initial amount of P dollars is invested at r% annual interest compounded n times per year, the value of the account (4) after years is given by the equation nt A=P(1 + =)** n Write an equation that represents the value in an account that starts out with an initial investment of $5000 and pays 10% interest compound monthly. Then use that equation to fill the table and use the table to graph the equation. Years (1) Value (4) 0 5 10 15 20 oo → KI