When I was considering what to do with the $10,000 proceeds from my sale of technology stock, my broker suggested that I invest half of it in municipal bonds, whose value was growing by 8% per year, and the other half in CDs, which were yielding 2% per year, compounded every 2 months. Assuming that these interest rates are sustained, how much will my investment be worth (in dollars) in 14 years? (Round your answer to the nearest dollar.)

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

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A: To find which investment is better

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

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A: The principal amount Evelyn is going to invest is:  $3,500 Time period:  t = 16 years Interest is…

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A:

Q: For items 1-2.Mrs. Gina Robles invested 100, 000.00 in a cooperative that offers 3% rate compounded…

A: Principal amount = 100000

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

A: Explanation: Given that: Principal(P) = $400 Rate(r) = 2.5% or .025 per year Concept: 1. A=P1+rnnt…

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

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A: (As  per Bartleby guidelines we are supposed to answer only one question(& its 3 related…

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A: I have appended the formula used in the solution part of the question

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A: The amount invested to buy a new sports car is given by, A=Pert Here, A=amount invested is $4550.…

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Q: Solve the problem 12) If inflation is 3% a year compounded annually, what will it cost in 6 years to…

A: Recall the following fact.

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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:

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Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $6,600 in 9 months…

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

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Q: You invest $10,000 in Rapid Growth Funds, which appreciate by 5% per year, with yields reinvested…

A: Present Value = $10,000 r=5%=0.05t=7 yearsn=4  compounded quarterly   Formula used: FV=PV1+rnnt

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

A:

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

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Q: Solve the following problems on compound interest. 2. Jenny is planning to deposit P17,000.00 Quezon…

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A: I am going to solve the given problem by using some simple algebra to get the required result.

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

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Q: Find the interest rate needed for an investment of $3,000 to triple in 11 years if interest is…

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

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A: Answer and explanation is given below...

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