Dr. Wellness has $14,000 invested at 5.1%. How many dollars more would he have to invest at 9.6% so that his total interest per year would equal 6.9% of the two investments?
Q: An individual wants to deposit $112,100 into two investment accounts. One account pays 66% annual…
A: Note: Assuming, the question has repeated rate of return displayed, hence taking 6% and 15%, other…
Q: Kevin Morales invests $7,302.63 now for a series of $1,500 annual returns beginning one year from…
A: The number of annual payment (number of periods) can be calculated using the below excel formula:
Q: Kershaw wishes to accumulate $2 million by the end of 40 years by making equal annual end-of-year…
A: Amount to be saved(FV) is $2million Time period(NPER) is 40 Years Rate is 10% To Find: Amount to…
Q: Today you have $100,000 in your investment account, which will grow by 7.5% annually. If you keep…
A: Using excel NPER function
Q: Assume that 25 years ago your dad invested $240,000, plus $32,000 in years 2 through 5, and $45,000…
A: Investment amount = $240,000 Cash flows from Year 2 to 5 = $32,000 Cash flow from year 6 and on =…
Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…
A: An effective annual rate is the modified interest rate from the nominal rate that represents the…
Q: A person invested JD 50,000, after 4 years he invested an additional JD10,000, if after 10 years the…
A: Annual interest rate on investment is the actual return earned annually from the investment. It can…
Q: Chuck Brown will receive from his investment cash flows of $3,165, $3,460, and $3,810 at the end of…
A: Future value is the expected value of current worth in a future date at a given rate of return.
Q: Scott wants to invest RM1,000 for 1 year. At Bank A, his investment will collect 3% interest…
A: Calculate the effective annual rate of return for both the banks and select the bank that offers a…
Q: could you go step by step on how to solve?
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: Stephen claims that he invested $6,000 six years ago and that this investment is worth $28,700…
A:
Q: Jane has $6000 invested at 7% and 8%. How many dollars would she have to invest at 8% so that her…
A: Here we will have to determine how much money has been invested in each so that total interest is…
Q: is this a good investment for you?
A: The amount of money is not the only factor taken into account when discussing finances. When we must…
Q: One sate investment pays 10% per year, and a more risky investment pays 18% per year. A woman who…
A: Interest is an income which is received from invested amount. It increase the investor’s wealth.…
Q: Frank invested $10,000 at 15% simple interest. How much interest will he earn each year?
A: Under simple interest, interest is calculated on the principal amount only; that is, interest is not…
Q: Lea now has $2,000. How much would she have after 2 years if she leaves it invested at 2% with…
A: Compound interest is when the interest is charged on the principal amount as well as on the interest…
Q: Danilo Solis invested P2. 0 million pesos in an investment having a simple interest of 15%. But…
A: Danilo Solis invested P2.0 million pesos in an investment having a simple interest of 15%. But after…
Q: Stuart Daniels estimates that he will need $28,000 to set up a small business in 9 years. (a) How…
A: Given information: Future value needed is $28,000 Number of years is 9 Interest rate is 8%…
Q: Sarah Wiggum would like to make a single investment and have $2.0million at the time of her…
A: Amount required in 35 years or future value (FV) = $2,000,000 Period (p) = 35 years Rate of return…
Q: An individual has $1,000 to invest. He wants to accumulate $3,670 and can earn 8% annual interest on…
A: In this question we need to compute the number of years required to accumulate $3670. Other details…
Q: As an engineer, you plan to put aside 20% of your yearly income. You expect to make Php1 million in…
A: Savings = 20% of yearly Income N = 6 First year income = 1,000,000 Savings = 20%*1,000,000 Savings =…
Q: A recent government study reported that a college degree is worth an extra Php23000 per year in…
A: Compounding is the process in which an asset's earnings, from interest, are reinvested to generate…
Q: Imagine that Homer Simpson actually invested the $160,000 he earned providing Mr. Burns…
A: Future Value: The future value is the amount that will be received at the end of a certain period.…
Q: how much would you have to invest today at 4.5 percent in order to have $22,000 in 5 years?
A: The present value of future investment will be reflective of the value of future cash flows at…
Q: Taylor invested PhP 100,000 at a rate of 8.5%. How much investment should she have after 3.5 years?
A: Time value of money The time value of money is referred to as the concept in which the sum of money…
Q: A man invests his savings in two accounts, one paying 6 percent and the other paying 10 percent…
A: The question is based on the concept of Financial Management.
Q: Stuart Daniels estimates that he will need $26,000 to set up a small business in 7 years. (a) How…
A: The concept of the time value of money states that money earns interest and hence, money held today…
Q: How much will I have saved after 6 years by contributing $1,200 at the end of each year if you…
A: Information Provided: Yearly contribution = $1200 Interest rate = 11% Years = 6
Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…
A: Time value of money techniques helps us to find the values of the deposits at different time…
Q: Your cousin Vance tells you that you can invest $15,000 in his business, and he will pay you back…
A: An investment is refer as an asset purchased with intention to earn income at some time in future.…
Q: Mrs. Santos placed an amount of 9,700 Php in an investment that pays an interest rate of 12%,…
A: Investment = 9700 Php Future value = 50,000 Php Interest rate = 12% Compounding = Semi annual
Q: You expect to receive $14,000 at graduation in two years. You plan on investing it at 8 percent…
A: Computation:
Q: Morgan Freeman is investing $9,069 at the end of each year in a fund that earns 5% interest. In how…
A:
Q: Ahmed has S2,500 invested at a guaranteed rate of 4.50 percent, compounded annually. What will his…
A: Information Provided: Present value = $2500 Interest rate = 4.50% Term = 5 years
Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…
A: The effective annual rate is the actual rate earned after considering the compounding periods in a…
Q: Walt is evaluating an investment that will provide the following returns at the end of each of the…
A: Present Value is the current value of a cash flow that can be occurred in future. To find the…
Q: You have an investment that will pay you .63 percent per month. How much will you have per dollar…
A: Amount = Principal 1+r100n where Principal = invested amount Amount = principal + interest r = rate…
Q: Chris Freeman is investing $9,704 at the end of each year in a fund that earns 5% interest. In how…
A: The amount is invested at the end of each year so it is ordinary annity
Q: Kelvin has 45 years left until retirement and wants to retire with RM4 million. Assuming that his…
A: First we need to calculate he monthly payment to accumulate the amount required for retirement .…
Q: Isabella purchased $20,000 worth of 26-week T-Bills for $19,700. What will be the rate of return on…
A: Initial investment (P) =$19,700 Maturity value(S)=$20,000 since maturity period is 26 week= 26*7=182…
Q: A man invested 100,000 every end of the year for 10 years, then waited for another 10years for his…
A: Annual investment (P) = 100,000 Interest rate (r) = 8% Number of annual investments (n) = 10 Number…
Q: Bud invested $114,000 in an investment that promises to pay 5% compounded annually. How much will…
A: Lets understand the basics. For calculating the invesment worth after 21 years, we need to use below…
Q: Stuart Daniels estimates that he will need $26,000 to set up a small business in 9 years. (a) How…
A: We need to calculate present value that is required to be invested today to get desired…
Q: A mechanical contractor is trying to calculate the present worth of personnel salaries over the next…
A: given that: interest rate= 12%= 0.12 n (no. of period)= 5 years 1st year salaries=$150000 (S) since…
Q: JAX, Inc. has been offered the opportunity of investing $128,729 now. The investment will earn 8%…
A: Compound interest formula: A=P×1+rnn×t where, A = final amountP = initial principal balancer =…
Q: Alexander invests $5,000 at an interest rate of 1.4% per quarter. How much is the investment worth…
A: Future value is the value of the current assets or some amount that is invested today and amount…
Q: How long will it take for Michelle's investment to be worth $55,000 if she presently has $32,000 and…
A: In the given question we require to compute the time period from the following details: Present…
Q: The manager has 5 employees whose combined salaries through the end of this year are $300,000. If he…
A: The current worth of funds to be received in the future with one or more payments, discounted at a…
Dr. Wellness has $14,000 invested at 5.1%. How many dollars more would he have to invest at 9.6% so that his total interest per year would equal 6.9% of the two investments?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Ryan invested 56000 in Koy Rural Bank and Soy Rural Bank. Koy Rural Bank pays 8% interest per year, and Soy Rural Bank pays 10% per year.If the total interest earned on the investment is 5560 after one year.How much money was invested in each accountChris wants to have an income of $8200 per year from investments. To that end he is goingto invest $90,000 in three different accounts. These accounts pay 6%, 10%, and 12% simpleinterest. If he wants to invest the same amount in the account paying 6% simple interest ashe has in the account paying 12% simple interest, how much should go into each account?Ms. Walsh invested $35,000 in two accounts. one yielding 8% interest and the other yielding 9%. if she received a total of $3,000 in interest at the end of the year, how much did she invest in each account? the amount invested at 8% was $ the amount invested at 9% was $
- Josh has an investment account with $50,000. If Josh earns 6% per year and contributes $400 each month, how much will his investments be worth in 10 years?Phyllis invested $9,000, a portion earning a simple interest rate of 4 1 2 % per year and the rest earning a rate of 4% per year. After one year the total interest earned on these investments was $400.00. How much money did she invest at each rate?A person who invests $1,000 each year finds one choice that is expected to pay 4 percent per year and another choice that may pay 7 percent. What is the difference in return if the investment is made for four years?
- Alexander invests $5,000 at an interest rate of 1.4% per quarter. How much is the investment worth after 3 years?An individual wants to deposit $112,100 into two investment accounts. One account pays 66% annual return, and the other pays 1515%. How should this individual divide the total amount, if he wants to have an annual return of $11,703?If Karen placed an amount of 9,700 Php in an investment that pays an interest rate of 12%, compounded semi-annually. She wants her money to grow to a total amount of 50,000 Php. What is the rate of interest and initial or principal amount? Then how many times is compounding done in a year?
- Mike Gordon wishes to have $80,000 in five years. If he can earn annual interest of 2%, how much must he invest today? $42,170< $72,480 $76,080 $88,320You are able to invest $100 at the end of 1 year into an investment earning 6%. At the endof year 2, you are going to add $1,000 to this investment and at the end of year 3, you are going to addanother $1,000. What will the investment be worth at the end of year 3?Benjamin wants to have $12,000 in 15 years after investing in an account that earns 4.2% compounded quarterly. How much should he invest?