estion 5 How many days are there between November 24, 2015 to March 28, 2016? 124 days 115 days 125 days 114 days
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- Question 19 How many quarterly interest periods are there in 2 years? Your answer: 0 8 Clear answer Back Nextrion 11 Suppose that you invest $ 500 per month in a saving account for the next 15 years which earns 0.09 per year; et ered what is the value of the investment today? ed out of Tọn 12Problem 5-12 Calculating EAR [LO 4] Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year.) Number of Times Compounded Effective Rate (EAR) % % Stated Rate (APR) 8.50 % Quarterly 17.50 % Monthly 14.50 % Daily 10.50 % Semiannually % tes
- Problem 4-5 Calculating the Number of Periods [LO 4] Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate Future Value 350 11 % $ 1,205 2,041 9. 3,800 33,005 14 388,120 32,700 21 201,236Question 9 of 10 Assume you are now 21 years old and will start working as soon as you graduate from college. You plan to start saving for your retirement on your 25th birthday and retire on your 65th birthday. After retirement, you expect to live at least until you are 85. You wish to be able to withdraw $50,000 (in today's dollars) every year from the time of your retirement until you are 85 years old (i.e., for 20 years). The average inflation rate is likely to be 5 percent. X Your answer is incorrect. Calculate the lump sum you need to have accumulated at age 65 to be able to draw the desired income. Assume that the annual return on your investments is likely to be 10 percent. (Round answer to 2 decimal places, e.g. 15.25. Round intermediate value to 3 decimal places, e.g. 359400.312. Do not round factor values.) Lump sum amount accumulated at age 65 $ Andia 0/1 E 13,747,348.15 :Problem 4-5 Calculating the Number of Periods [LO 4] Solve for the unknown number of years in each of the following: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Present Value $ 1,100 2,791 34,505 34,200 Years Interest Rate 11 % 9 % 14 % 21 % Future Value $ 1,955 4,550 395,620 223,916
- Problem 5-5 Calculating the Number of Periods [LO4] Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate Future Value $ 550 10 % $ 1,488 800 11 % 1,922 18,300 16 % 244,179 21,400 13% 290,4337:37-11:35 on a time card find the hundredth hourLU1 41 unswe red Question 25 You deposit $400 each month into an account earning 2% annual interest compounded monthly. (Enter each of your answers to 2 decimal places.) a) How much will you have in the account in 25 years? b) How much total money will you put into the account? c) How much total interest will you earn? Submit Question
- Chapter 10 Discussion Q2 A perpetuity will pay $900 per year, starting five years after the perpetuity is purchased. What is the present value (PV) at time 0, given that the interest rate is 11%? Show your steps. A) $2695 B) $4312 C) $5390 D) $3234Problem 5-12 Calculating EAR [LO 4] Find the EAR in each of the following cases. 12.25% quarterly 13.75% Monthly 18.25% Daily 14.25% Semiannually Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e .g., 32.16. Use 365 days in a year.YTM Years 1 8% 2 12% 3 15% 4 18% 5 14% 6 10% 7 9% Find the market's forecast for five year rates, two years from now a) 0782 b) -.0256 c) .1535 d) .1252