shanta75 bought 296 out of 302 answered question(s)

# Week four Fian

1) At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years?

- A) 6%
- B) 5%
- C) 7%
- D) 8%

2) You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of return on your investment, how much will you sell the land for in 10 years?

- A) $25,000
- B) $31,060
- C) $38,720
- D) $34,310

3) If you place $50 in a savings account with an interest rate of 7% compounded weekly, what will the investment be worth at the end of five years (round to the nearest dollar)?

- A) $72
- B) $70
- C) $71
- D) $57

4) Shorty Jones wants to buy a one-way bus ticket to Mule-Snort, Pennsylvania. The ticket costs $142, but Mr. Jones has only $80. If Shorty puts the money in an account that pays 9% interest compounded monthly, how many months must Shorty wait until he has $142 (round to the nearest month)?

- A) 73 months
- B) 75 months
- C) 77 months
- D) 79 months

5) If you want to have $1,700 in seven years, how much money must you put in a savings account today? Assume that the savings account pays 6% and it is compounded quarterly (round to the nearest $10).

- A) $1,120
- B) $1,130
- C) $1,110
- D) $1,140

6) If you want to have $1,200 in 27 months, how much money must you put in a savings account today? Assume that the savings account pays 14% and it is compounded monthly (round to the nearest $10).

- A) $910
- B) $890
- C) $880
- D) $860

7) You bought a painting 10 years ago as an investment. You originally paid $85,000 for it. If you sold it for $484,050, what was your annual return on investment?

- A) 47%
- B) 4.7%
- C) 19%
- D) 12.8%

8) You deposit $5,000 today in an account drawing 12% compounded quarterly. How much will you have in the account at the end of 2 1/2 years?

- A) $7,401
- B) $5,523
- C) $7,128
- D) $6,720

9) How many years will it take for an initial investment of $200 to grow to $544 if it is invested today at 8% compounded annually?

- A) 8 years
- B) 10 years
- C) 11 years
- D) 13 years

10) If you purchased a share of Mico.com stock on March 1, 1993 for $45 and you sold the stock at $168 on February 28, 1998, what was your annual rate of return on the stock?

- A) 83%
- B) 75%
- C) 20%
- D) 30%
- E) 50%

Attachments:

Answer

Submitted by RELIABLE PAPERS on Wed, 2016-07-20 23:14

teacher rated 328 times

4.67073

price: $20.00

## Purchase to get the other done

body preview (1 words)

check

file1.docx preview (18 words)

xx xx xxxx rate xxxx $400 be compounded xxxxxxxx for it xx grow to $716.40 xx xx years?

**xx xx**

- B) 5%

xx xx

xx 8%

Buy this answer | Try it before you buy it Check plagiarism for $2.00 |

Answer

Submitted by Adept Gyst on Thu, 2016-07-21 03:48

teacher rated 6 times

5

purchased one time

price: $25.00

## Week four Fian

body preview (2 words)

assignment xxxxxxxxx

file1.docx preview (320 words)

Week Four xxxxxxx xxx

**Question x**

xxxxxxx xxx xx x PV (1+r)^n Where FV is xxx future xxxxxx xx xx the present value, x xx xxx interest xxx x = xxxxxx xx xxxxxxxxxxx periods,

xx xxxx some of xxxxx values xxxxxxxxxxx = $716.40 PV = xxxxxx x 10 Plug xxxx xxx

xxxxxx = xxxxxx + r) xx

xxxxx for xx

xxxxx = (1 + r)10

1.7910.1 = xxxx x xxx

r = 0.06009014

xx xxxxxxxxx

xx 6% (rounded)

**xxxxxxx A**

**xxxxxxxx 2**

The formula for calculating xxx future value xx FV=PV(1+r)^ x

xxxxx PV xx xxx present value,r xx xxx interest xxx n x xxxxxx xx compounding xxxxxxxx

xx xxxxxxxxxx 10%, xxxxxxxxx

Plug in xxxxx values

x $10000(1 +0.12)^10 x xxxxxx

**=$31060**

**Answer: B**

**xxxxxxxx 3**

FV = xx xx x xx ^n

xx = xxx

x x xxxx = 0.1346%

x xxxxxxxx = 5*52 x xxx

xx x 50(1 x 0.001346)^260

xx x xxxxxx

FV x $71 (Rounded the xxxxxxx whole dollar)

**Answer: C**

**xxxxxxxx 4**

Interest rate=9%

xxxxxxxx rate per xxxxxxxxxxxxxxxxx

FV=$142

xxxxx

xxxxxxxxxxxxxxxxxx

xxxxxx = xxxxxxxx

xxxxx x 1.0075^n

x = log xxxxxxxxxxxxxxx x 76.79326598

xx 77(rounded xx xxx nearest xxxxxxxx

n x xx months

**xxxxxxx x**

**Question 5**

FV x xx xxxxxxxx

xxxxx x PV xxxxxxxxxxxxxxxx

$1700 x PV (1+0.015) xxx

PV = $1700/ (1.015) xxx

xx x xxxxxxxxxxxx

PV x xxxxx xxxxxxxx to the xxxxxxx xxxxx dollar)

**Answer: A**

**Question 6**

xx = xxxxxxxxxx x

xxx $1,200, xxxx xxxxxxx xxxxx

1,200 x xxxxxxxxxxxxxxxxx

xx =1,200/ xxxxxxxxxxxxxxxx

xx = $877.3448828

xxx xxxx (Rounded xx the nearest $10)

**Answer: x**

**xxxxxxxx 7**

xxxxx xxx formula xx x PV*(1+r)^n x PV xx the xxxxxxx value

– – – more text follows – – –

Buy this answer | Try it before you buy it Check plagiarism for $2.00 |

### Premium **Service**

- 100% Custom papers
- Any delivery date
- 100% Confidentiality
- 24/7 Customer support
- The finest writers & editors
- No hidden charges
- No resale promise

### Format and **Features**

- Approx. 275 words / page
- All paper formats (APA, MLA, Harvard, Chicago/Turabian)
- Font: 12 point Arial/Times New Roman
- Double and single spacing
- FREE bibliography page
- FREE title page

### 0% **Plagiarism**

We take all due measures in order to avoid plagiarisms in papers. We have strict fines policy towards those writers who use plagiarisms and members of QAD make sure that papers are original.