What principal will have a future value of $6051.00 at 5.1% in two months? The principal is S Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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- At what nominal rate, compounded every 2 months, would $14,000.00 have to be invested to amount to $26,925.67 in 6 years? The rate would be ____________%. (if needed, round to 1 decimal place.)Determine how much is in each account on the basis of the indicated compounding after the specified years have passed; P is the initial principal, and r is the annual rate given as a percent. (Round your answers to the nearest cent.) after one year where P = $7200 and r = 2.5% (a) compounded annually$ (b) compounded quarterly$ (c) compounded monthly$ (d) compounded weekly$ (e) compounded daily$Determine how much is in each account on the basis of the indicated compounding after the specified years have passed; P is the initial principal, and r is the annual rate given as a percent. (Round your answers to the nearest cent.) P = $7200 and r = 5.9%, compounded annually (a) after 6 years $ (b) after 9 years $ (c) after 14 years $ (d) after 35 years
- Percentages need to be entered in decimal format, for instance 3% would be entered as .03 in the interest rate cells.) Suppose your opportunity cost (interest rate/year) is 11% compounded annually. How much must you deposit in an account today if you want to pay yourself $230 at the end of each of the next 15 years? How much must you deposit if you want to pay yourself $230 at the beginning of each of the next 15 years? Bruce invested $1,250 (present value - enter as a negative number) 10 years ago. Today, the investment is worth $3,550 (future value). If interest is compounded annually, what annual rate of return did Bruce earn on his investment? (Use Solving for r - Rate of Return- on a Lump Sum) Mario wants to take a trip that costs $4,750 (future value), but currently he only has $2,260 (present value - enter as a negative number) saved. If Mario invests this money at 7% compounded annually, how long will it take for his investment to grow to the needed amount of…Suppose you invest $1,500 in an account paying 6% interest per year. How much of this balance corresponds to interest on interest earned in the last (7th) period? (Dollar figures should be approximated to the nearest cent of a dollar, while rates should be expressed in percentage terms without using the "%" symbol and approximated to the nearest second decimal place.)1000 dollars is deposited into an account at the beginning of the year and the value at the end of five years is 1276.30. If the discount was converted monthly, the nominal discount rate is? (That is, d(12) = )
- Determine how much is in the account on the basis of the indicated compounding after the specified years have passed; P is the initial principal, and r is the annual rate given as a percent. (Round your answer to the nearest cent.) P = $5700, r = 2.8%, compounded annually for 1 year.What would be the annual percentage yield for a savings account that earned $51 in interest on $750 over the past 365 days? (Enter your answer as a percent rounded to 1 decimal place.)If $5500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly, after how many quarters will the account contain $90,000? (Round your answer UP to the nearest quarter.)
- 1000 dollars is deposited into an account at the beginning of the year and the value at the end of five years is 1276.30. (a) If the account was subject to a force of interest δ(t) = kt where t is in years, k =? (b) If inflation is 1 percent a year, what is the adjusted effective yearly interest rate?You purchase a TIP note with an onginal principal amount of $1,000,000 and a 4 percent annual coupon (paid semiarnnually). What will the first coupon payment be if the semiannual inflation over the first six months is 2 percent? (round your answer to 2 decimal places)You purchase a TIP note with an original principal amount of $1,000.000 and a 10 percent annual coupon (paid semiannually) What will the first coupon payment be if the semiannual inflation over the first six months is 3 percent? (round your answer to 2 decimal places)
