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- If Charlie invests $50,000 in a cheese company today and is offered a 7% interest rate. How much will his investment be worth 3 years from now? Please round to the nearest whole dollarLet's say that you invest $8000 at 3.1 percent annual interest for 6 years. What will its value be? Carefully follow all numeric directions. Round intermediate steps to four decimal places and final answers to two.Suppose that $2700 is deposited in an account that earns 4% interest. How much is in the account (a) after 5 years? (b) after 10 years? (c) after 20 years? (d) after 50 years? (e) after 100 years?
- A man wishes to have 35,000 when he retires 15 years from now. If he can expect to receive 4% annual interest. How much he set aside in each of 15 equal annual beginning of year deposits?What is the present value of $500.00 to be paid in two years if the interest rate is 4%. $_____ (round to the nearest integer, no decimal point).Jake Werkheiser decides to invest $5000 in an IRA at the end of each year for the next 11 years. If he makes these investments, and if the certificates pay 9%, compounded annually, how much will he have at the end of the 11 years?
- Suppose you deposited $200 at the end of every year for seven years in an account that earned 6% annual effevtive interest. At the end of seven years, how much would the account be worth?what is the present value of a loan when a monthly payment of ₱3,250 is needed to extinguish for 3.5 years at 17.5% interest?Given the situation , choose the correct formula to solve the problem: What present value amounts to $70,000 if it is invested for 8 years at 5% compounded continuously?
- Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes from deposits and how much comes from interest?Periodic Deposit: $? at the end of each yearRate: 8% compounded annuallyTime: 12 yearsFinancial Goal: $20,000If you had $ 1,000 now and invested it at 7% interest compounded annually, how much would it be worth in eight years ( Figure 2.8)?How much money must you invest today in order to withdraw ₱ 14,766 annually for6 years if the interest rate is 2.24% if payments are done every beginning of the month?