Requirement 1:At 5 percent interest, how long does it take to double your money? (Enter roundedanswer as directed, but do not use rounded numbers in intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)Length of timeyearsRequirement 2:At 5 percent interest, how long does it take to quadruple your money? (Enter roundedanswer as directed, but do not use rounded numbers in intermediate calculations.Round your answer to 2 decimal places (e.g., 32.16).)Length of time28.8 years

Requirement 1:Interest Rate (rate) = 5% Assumption:Present Value of Money (PV) = $1Future Value of…

Answered: Requirement 1: At 5 percent interest,…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

At 5.4 percent interest, how long does it take to double your money? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
What is the value in year 4 of a $710 cash flow made in year 6 if interest rates are 9 percent? ( do not round intermediate calculations. Round your answer to 2 decimal places.)
If $1,000 is deposited into an account that earns 8% interest compounded daily, the doubling time is approximately 3,163 days. (Round your answers to the nearest cent.) (a) Find the amount in the account after 3,163 days.$ (b) Find the amount in the account after 2 · 3,163 days.$ (c) Find the amount in the account after 3 · 3,163 days.$ (d) Find the amount in the account after 4 · 3,163 days.$ (e) What conclusion can you make? The doubling time increases as the amount in the account increases.Every extra period of 3,163 days doubles the money, approximately. The doubling time decreases by half as the amount in the account increases.Every extra period of 3,163 days quadruples the money, approximately.Every extra year doubles the money, approximately.
[1]- If a person deposits $1000 per quarter into an account at an interest rate of 12% persemiannually.a) Draw cash flow diagram, CFD?b) How much will be in the account at the end of 6 years? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
A certain some of money P draws interest compounded continuously. If a certain time there are Po dollars in the account, determine the time when the financial attains the value of 2Po dollars if the annual interest rate at 2%
Suppose you deposit $1,751.00 into an account today that earns 5.00%. It will take ___ years for the account to be worth $2,806.00. Answer format: Number: Round to: 2 decimal places.
Compute the number of years (t) if future value (FV) = $6,636, present value (FV) = $1,895, and interest rate (r) = 11.6%,. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):
Given Principal $14,500, Interest Rate 8%, Time 240 days (use ordinary interest) Partial payments: On 100th day, $5,600 On 180th day, $3,300 a. Use the U.S. Rule to solve for total interest cost. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.) Solve for Total Interest Cost: b. Use the U.S. Rule to solve for balances. (Use 360 days a year. Do not round intermediate calculations. Round your answers to the nearest cent.) On 100th day On 180th day Balance after the payment c. Use the U.S. Rule to solve for final payment. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.) Solve for Final Payment:
Assume you take out a car loan of $8,600 that calls for 48 monthly payments of $300 each. a. What is the APR of the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Use a financial calculator or Excel.) b. What is the effective annual interest rate on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Q) How much money should be invested in an account that earns 7.5% interest, compounded quarterly, in order to have P100,000 in 8 years?Not use excel
How much money should be invested in a financial institution that pays 3.25% simple interest if the amount at the end of 5 years is Php450,000? *Do not type in the units and the comma separator (the comma that separates the hundreds and thousands) **If answer is not a whole number, then enter it with two (2) decimal places only. No rounding off of numbers. (e.g. 0.12)
[1] Directions: Identify if the problem involves simple interest or compound interest. Then, solve the problem. Show complete solution. If you deposit Php4,000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account.

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS