When I was considering what to do with my $10,000 lottery winnings, my broker suggested that I invest half of it in gold, the value of which was growing by 10% per year, and the other half in certificates of deposit (CDs), which were yielding 3% per year, compounded every 6 months. Assuming that these rates are sustained, how much will my investment be worth in 15 years? (Round your answer to the nearest cent.)

Q: When I was considering what to do with my $10,000 lottery winnings, my broker suggested that I…

A: A=P(1+R)^n

Q: If $400 is invested at an interest rate of 2.5% per year, find the amount of the investment at the…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: When I was considering what to do with my $10,000 lottery winnings, my broker suggested that I…

A: Here we know that  A=P1+rnnT where A is the amount and P is the principal, r is the rate per year…

Q: You are considering three options for investing $10,000: at 7% compounded annually, at 6% compounded…

A: To find which investment is better

Q: When I was considering what to do with my $8,000 Lottery winnings, my broker suggested l invest half…

A:

Q: a present value of $115,000, what is the size of the withdrawals that can be made at the end of each…

A: Step:-1 Formula of Annuity PV = P×1-(1+r)-nr Here, PV = Present value P= value of each payment /…

Q: Pamela invests $16,300 in a savings account for which interest is compounded monthly, and if the…

A:

Q: Assume that you can earn 6% on an investment, compounded daily. Which of the following options would…

A:

Q: This exercise is based on the following table, which lists interest rates on long-term investments…

A:

Q: This exercise is based on the following table, which lists interest rates on long-term investments…

A: I am going to solve the given problem by using some simple calculus to get the required result of…

Q: This exercise is based on the following table, which lists interest rates on long-term investments…

A: Given, Investment of brazil to double its value, If the interest is compounded every 3 months The…

Q: The AMD investment company has advertised a new Mutual Fund  that has advertised to pay 10 %…

A: new Mutual Fund that has advertised to pay 10 % compounded continuously. Bob invested $ 8,500 in the…

Q: How much money would you need to invest today at 6% interest compounded quarterly to have 5,387.43…

A:

Q: Jen wants to have $21,000 in 10 years. Calculate how much she should invest now at 6% interest,…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: What initial investment is required by Jake to produce a maturing amount of $15,000 in 60 months'…

A: The formula for the compound interest is: A = P1+rnnt Here, P is the principal amount, r is the rate…

Q: Determine the accumulated value, after five years, of an investment worth ₱12,300.00 if the interest…

A: # we are entitled to solve the three subparts at a time, please resubmit the other parts if you wish…

Q: You invest $13,000 in Rapid Growth Funds, which appreciate by 2% per year, with yields reinvested…

A: According to the question, we have

Q: This exercise is based on the following table, which lists interest rates on long-term investments…

A:

Q: Find the interest rate needed for an investment of $8,000 to triple in 15 years if interest is…

A: To find the interest rate needed for an investment of $8000 to triple in 15 years if interest is…

Q: With a present value of $125,000, what is the size of the withdrawals that can be made at the end of…

A: PV = 125000 n = 10year = 40 quarters r = 0.079/4 = 0.01975

Q: When I was considering what to do with the $10,000 proceeds from my sale of technology stock, my…

A:

Q: Find the interest rate needed for an investment of $9,000 to grow to an amount of $9,900 in 3 months…

A: Step 1Amount = $9900, Principle = $9000n = Compounded monthly = 12 months in a yeart = 3 months =…

Q: When I was considering what to do with the $15,000 proceeds from my sale of technology stock, my…

A:

Q: This exercise is based on the following table, which lists interest rates on long-term investments…

A: The rate of interest in United States is 2.5%. r=0.025 The interest is compounded annually. m=1…

Q: Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the…

A:

Q: How much must be invested at the beginning of each year at 11%, compounded annually, to pay off a…

A: r = 11% = 0.11 Compounded annually, i.e. n = 1 t = 5 To pay of debt, i.e. A = $30000

Q: 2. Suppose Carlo has P34,500 to invest but wants P40,000 for a new pair of branded rubbershoes. He…

A:

Q: When I was considering what to do with my $8,000 Lottery winnings, my broker suggested I invest half…

A: Total amount to be invested is 8000 Half of the amount invested in Gold Invested in Gold = 4000 rate…

Q: If $17,000 is invested in a savings account yielding 3% per year, compounded semiannually, how fast…

A: Consider the formula for the compound interest is, A=P01+rnnt Since, the interest is compounded…

Q: What is the effective annual interest rate of an investment that pays 6.5% annual interest,…

A: Given information Rate of interest r=6.5% ⇒r=6.5100=0.065 Since, interest is compounded daily Hence,…

Q: When I was considering what to do with my $10,000 lottery winnings, my broker suggested that I…

A:

Q: Find the principal P that must be invested at rate r, compounded monthly, so that $3,500,000 will be…

A:

Q: If $400 is invested at an interest rate of 4.5% per year, find the amount of the investment at the…

A:

Q: If Jackson deposited $400 at the end of each month in the saving account earing interest at the rate…

A:

Q: 1. Mr. Paul makes an initial invesiment of P6,000 for a period of 3 years. Find the value of the…

A: As per our guidelines, we are supposed to solve only first question. Kindly repost other question as…

Q: What present value P amounts to $260,000 if it is invested at 7%, compounded semiannually, for 18…

A: Given that present value P amounts to $260,000 if it is invested at 7%, compounded semiannually, for…

Q: en I was considering what to do with my $10,000 lottery winnings, my broker suggested that I invest…

A: Here the objective is to find the net amount after 6 year.

Q: Find the interest rate needed for an investment of $7,000 to grow to an amount of $9,000 in 9 years…

A: We use following equation to get the required interest rate: Here, A = Final amount         P =…

Q: This exercise is based on the following table, which lists interest rates on long-term investments…

A:

Q: This exercise is based on the following table, which lists interest rates on long-term investments…

A: The rate of interest in Brazil is 4.2%. This can be expressed in decimal form as r = 0.042. The…

Q: It is desired to make an initial lump sum investment that will provide for a withdrawal of P 5000 at…

A:

Q: If $500 is invested at an interest rate of 3.5% per year, find the amount of the investment at the…

A: For an investment of amount P for a period of t years at a rate of r % annually (per year),…

Q: The interest earned if OMR 250 is invested at a rate of 10% compounded semi- annually for 5 years is…

A:

Q: When I was considering what to do with the $15,000 proceeds from my sale of technology stock, my…

A: Given: The half of the amount of $15000 invested at a rate of 8.5% per year and other half is…

Q: What present value P amounts to $250,000 if it is invested at 6%, compounded semiannually, for 15…

A: P = A / (1 + r/2)2 x n where P = present value A = amount in future r = rate per annum compounded…

Q: van wants to put some money into an investment fund that has paid, on average, 13.2% per ar,…

A: Given query is to find the investment amount so that the future value will be 10000

Q: hen I was considering what to do with the $15,000 proceeds from my sale of technology ock, my broker…

A:

Q: If $400 is invested at an interest rate of 3.5% per year, find the amount of the investment at the…

A:

Q: How much must be invested at the beginning of each year at 9%, compounded annually, to pay off a…

A: