Suppose Kay inherits $250,000, which she invests today at a rate of return of 9 percent compounded annually. Who much will Kay's investment be worth in 25 years?
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Suppose Kay inherits $250,000, which she invests today at a
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- How much money will be in a bank account at the end of 15 years if $100 is deposited today and the interest rate is 8 percent compounded annually?How much will be in a bank account at the end of five years if $2000 is invested today at 12 percent interest per annum, compounded yearly?Suppose Crystal Wilson wants to accumulate $1,000,000 by the time she retires in 40 years. If she earns 10% on her investments, how much must she invest each year in order to realize her goal?
- What is the future value of $8600 a year for 32 years at 8.1 percent interest, compounded annually?How much money will be in a bank account at the end of 15 years if $100 is deposited to day and the interest rate is 8 percent compounded annually?If the amount payable in two years is $2,420 for a simple loan at 10 percent interest, the loan amount is
- Emily recently graduated with a B.A. in economics and was offered a job with a small but growing company for $40,600 per year. About the same time, Emily inherited $65,000. She decided to pass up the job and use her inheritance to purchase a bubble tea shop rather than put the money into a bond fund (as her uncle suggested), which would have paid 6 percent per year interest. Emily works full-time at her new business, and at the end of the year she had revenues of $77,000 and total explicit costs of $30,000. a. What was Emily's accounting profit or loss for the year? Accounting (Click to select) $ b. What was her economic profit or loss for the year? Economic (Click to select)How much should you invest each month in order to have $700,000 if your rate of return is 3.6% compounded monthly and you want to achieve your goal in 40 years?How much interest will you earn?How much should you invest each month in order to have $700,000 if you want to achieve your goal in 20 years?If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years?You just obtained a loan of $15,000 with monthly payments for four years at 5.04 percent interest, compounded monthly. What is the amount of each payment?
- Emily recently graduated with a B.A. in economics and was offered a job with a small but growing company for $40,000 per year. About the same time, Emily inherited $62,000. She decided to pass up the job and use her inheritance to purchase a bubble tea shop rather than put the money into a bond fund (as her uncle suggested), which would have paid 6 percent per year interest. Emily works full-time at her new business, and at the end of the year she had revenues of $83,000 and total explicit costs of $41,000. a. What was Emily's accounting profit or loss for the year? Accounting profit $ 42,000 b. What was her economic profit or loss for the year? Economic Loss $ 7,600Morris paid £500 a month for 20 years to pay off the mortgage on his Glasgow house. If his down payment was £5000 and the interest rate was 6 percent compounded monthly, what was the purchase price of the house? MEDSuppose you plan to have $40,000 in 10 years from now and you can invest your savings at 2% compounded continuously. Assuming you can save the same amount of money each year, how much do you need to save on a yearly basis in order to achieve your goal? Hint: Treat your savings as an income stream. Yearly savings (exact value) = 3,613.32 x dollars Yearly savings (rounded to the nearest cent) = 3,613.32 dollars
