What root did you have to use to solve this
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Suppose you invest $250 over a period of 4 years. If money is compounded monthly, what annual interest rate must you receive in order to have $1000 at the end of 4 years. What root did you have to use to solve this?
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- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?Suppose you invest $130 a month for 5 years into an account earning 8% compounded monthly. After 5 years, you leave the money, without making additional deposits, in the account for another 29 years. How much will younhave in the end? Suppose instead you didn't invest anything for the first 5 years, then deposited $130 a month for 29 years into an account earning 8% compounded monthly. How much will you have in the end? Question Help: D Video Submit Question
- a) Suppose you have $50,000 to invest in a savings account that pays interest annually with a 5-year term. After 5 years, you want to have $70,000 in your account. What annual interest rate do you need to earn on your investment to achieve this goal? b) Does the interest rate change if it compounds semi-annually instead of an annual compounding, as mentioned in (a)?Suppose someone needs dollars 8969 in his account 5 years from now and the required rate of return is 0.1 per year, compounded continuously. How much should he deposit now? Answer:a) If you invest $5 and will receive $8 next year, what is your simple return? b) If you invest $5 and will receive $8 next year, what is your holding rate of return for each month? What is average monthly rate of return?
- Suppose you invest $200 a month for 6 years into an account earning 8% compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 25 years. How much will you have in the end?Suppose instead you didn't invest anything for the first 6 years, then deposited $200 a month for 25 years into an account earning 8% compounded monthly. How much will you have in the end?An investment pays you $100 at the end of each of the next 3 years. The investment will then pay you $200 at the end of year 4, $300 at the end of year 5, and $500 at the end of year 6. If the rate of interest earned on the investment is 8%, what is the present value of this investment? What is its future value? How do you solve this with excel?Suppose that you have $100 to invest for a period of 5 years at an interest rate of 10% per year. How much will you have accumulated at the end of this time period?
- Suppose you wish to have $15,000 in 6 years. Use the present value formula to find how much you should invest now at 5% interest, compounded semiannually in order to have $15,000, 6 years from now. Then calculate the amount of interest.Assume you have a student loan that you will pay off in 10 years. How much would you save an interest if he refinanced at the new rate? Suppose you have a different option to deposit $500 in a savings account at the beginning of each year for 5 years. How much would you have if the account paid 4.25%?