Pls answer very fast.I ll upvote. Thank You Bobbie has $6,000 that she wants to invest today to grow into $50,000. She finds an investment that earns 8.5% with quarterly compounds. How many years will she wait till she has the $50,000? Group of answer choices 25.99 years 28.00 years 25.21 years 100.83 year Please answer using excel function for NPER

Pls answer very fast.I ll upvote. Thank You Bobbie has $6,000 that she wants to invest today to grow into $50,000. She finds an investment that earns 8.5% with quarterly compounds. How many years will she wait till she has the $50,000? Group of answer choices 25.99 years 28.00 years 25.21 years 100.83 year Please answer using excel function for NPER

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 20PROB

See similar textbooks

Similar questions

How much would you invest today in order to receive $30,000 in each of the following (for further instructions on present value in Excel, see Appendix C): A. 20 years at 22% B. 12 years at 10% C. 5 years at 14% D. 2 years at 7%
If you invest $15,000 today, how much will you have in (for further instructions on future value in Excel, see Appendix C): A. 20 years at 22% B. 12 years at 10% C. 5 years at 14% D. 2 years at 7%
If you invest $12,000 today, how much will you have in (for further Instructions on future value in Excel, see Appendix C): A. 10 years at 9% B. 8 years at 12% C. 14 years at l5% D. 19 years at 18%
Sub : FinancePls answer very faast.I ll upvote. Thank You Bobbie has $6,000 that she wants to invest today to grow into $50,000. She finds an investment that earns 8.5% with quarterly compounds. How many years will she wait till she has the $50,000? Group of answer choices 25.99 years 28.00 years 25.21 years 100.83 year Please answer using excel function for NPER
Sub : FinancePls answer very fast.I ll upvote. Thank You Bobbie has $6,000 that she wants to invest today to grow into $50,000. She finds an investment that earns 8.5% with quarterly compounds. How many years will she wait till she has the $50,000? Group of answer choices 25.99 years 28.00 years 25.21 years 100.83 year Please answer using excel function for NPER
Carol wants to invest money in an investment account paying 10% interest compounding semi-annually. Carol would like the account to have a balance of $53,000 three years from now. How much must Carol deposit to accomplish her goal? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1).
Solve it on Excel solver as well! Ann is considering her investment policy for the next 4 years. She will have £750000 available at the beginning of each of the next four years. Each year Ann expects to have available both certificates of deposit returning 3.55% after 1 year and ones returning 10.5% after 2 years.At the beginning of the first year, she will also have an opportunity to make a special investment that would return 30.2% after four years. She is, however, allowed to invest no more than £4500 into this option. Assume that all funds can be reinvested at maturity. What is the maximal total interest (in pounds) that Ann can earn by the beginning of the fifth year?
Carol wants to invest money in an investment account paying 4% interest compounding semi-annually. Carol would like the account to have a balance of $56,000 three years from now. How much must Carol deposit to accomplish her goal? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1). Multiple Choice $28,000 $49,784 $49,726 $49,280
Future value: Kate Eden received a graduation present of $2,000 that she is planning on investing in a mutual fund that earns 8.5 percent each year. How much money will she have in three years? Please use Excel to solve
(a) Barbara wants to accumulate $10000 by the end of 10 years. She starts making quarterly deposits in her investment account, which pays J4 - 8%. Determine the size of these deposits.(b) After 4 years, the rate of return changes to j4 = 6%. Determine the size of the quarterly deposits now required if the $10000 goal is to be met. Please don't use excel and tell me everything with using formula because ı can't understand without formula
After completing successfully your FIN203 course, you have been asked by many of your family and friends about financial matters. You are trying your best to advise them. a) Your grandmother has been asked to invest in a product that offers to double her money in 3 years. Indicate the annual rate of return she is being offered b) Your parents have $5,000.00 to deposit. Alpha Bank offers 2 percent per year compounded monthly. Bravo Bank offers 2 percent compounded annually. Compute the amount of deposit after being kept 10 years at each bank. Explain the difference between the two (2) future values. c) Your best friend is saving $1,800.00 and will earn 0.17 percent per month. Determine the number of months until the account grows to $2,000.00. d) Your cousin plans to expand his business and will require $100,000.00 in 6.5 years. The rate of return will be 0.70 percent per month for the first two years. It will go up to 1.00 percent for the rest of the period. Compute the $ amount to set…
Find the required value for each problem. Show the formula used and the counts for each problem.1. Jane Morrison is planning to invest $ 25,000 today in a mutual fund that provides a yield of 8% compounded annually. What will the investment be worth in ten years? 2. Ramón Rivera is investing $ 7,500 in a CD from a bank that pays 6% interest compounded annually. How much will he have earned at the end of five years? 3. María Lebrón is considering an investment that pays 7.6% interest compounded annually. How much would she have to invest today if she expects this investment to bring her $ 25,000 in six years? 4. Elizabeth Terrier wants to accumulate $ 12,000 after 12 years. If the annual compound interest rate paid by her savings account is 9.25%, how much money would he have to deposit in her account today to reach her goal? 5. Carolina Carlo needs to decide whether she accepts a $ 17,000 bond today or waits two years and receives $ 20,100. The CAGR she could invest in is 6%. What…