What amount of money must be invested today in order to grow to $2,000 in 3 years at an interest rate of 5% compounded monthly?
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What amount of money must be invested today in order to grow to $2,000 in 3 years at an interest rate of 5% compounded monthly?
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- How much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one year from now and the rate is 8%?You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityQuestion: What amount of money must be invested today in order to grow to $2,000 in 3 years at an interest rate of 5% compounded monthly?
- How much money will be in an account for 10 years from today if 20,000 is deposited today at a rate of 10% per year compounded monthly?What's the future value of an initial $100 after 3 years if it is invested in an account paying 10% annual interest and compounded annually? How about if the interest is compounded monthly, daily or hourly?What is the maximum amount you should pay today for an investment that pays a single future cash flow of $25,000 in 5 years if the appropriate interest rate is 2% compounded semiannually?
- What is the value of today of an investment that will pay $100 per year for 5 years. Assume first payment is made 1 year from today and the interest rate is 7%?How many years will it take $145,000 to grow to $645,000 if it is invested in an account with a quoted annual interest rate of 9% with monthly compounding of interest?What present amount of money must be deposited at 11% interest compounded annually to grow to $15,000 in 9 years? Give your answer to the nearest penny.
- What interest rate, when compounded annually, is involved if an initial investment of $4000 turns into $10000 in 6 years?If $600 is invested in an account with an annual interest rate of 14.5%, compounded continuously, how much will the account be worth in 5 years?What is the present equivalent of $ 180,000 to be received in 15 years when the interest rate is 7% per year?
