) 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

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?

  1. A) 6%
  2. B) 5%
  3. C) 7%
  4. 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?

  1. A) $25,000
  2. B) $31,060
  3. C) $38,720
  4. 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)?

  1. A) $72
  2. B) $70
  3. C) $71
  4. 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)?

  1. A) 73 months
  2. B) 75 months
  3. C) 77 months
  4. 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).

  1. A) $1,120
  2. B) $1,130
  3. C) $1,110
  4. 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).

  1. A) $910
  2. B) $890
  3. C) $880
  4. 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?

  1. A) 47%
  2. B) 4.7%
  3. C) 19%
  4. 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?

  1. A) $7,401
  2. B) $5,523
  3. C) $7,128
  4. 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?

  1. A) 8 years
  2. B) 10 years
  3. C) 11 years
  4. 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?

  1. A) 83%
  2. B) 75%
  3. C) 20%
  4. D) 30%
  5. E) 50%

 

 

Attachments:

week_4_fina.docx

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

  1. 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
Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total:

Last Completed Projects

# topic title discipline academic level pages delivered
6
Writer's choice
Business
University
2
1 hour 32 min
7
Wise Approach to
Philosophy
College
2
2 hours 19 min
8
1980's and 1990
History
College
3
2 hours 20 min
9
pick the best topic
Finance
School
2
2 hours 27 min
10
finance for leisure
Finance
University
12
2 hours 36 min