Suppose you wish to have $9,000 in 11 years. Use the present value formula to find how much you should invest now (in $) at 6% interest compounded semiannually in order to meet your goal. (Round your answer to the nearest cent.) $
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Q: What root did you have to use to solve this
A: using information we get n= 4*12=48 1000= 250(1+r)^48 1000= 250(1+r)^48 (1+r)^48= 4 48log(1+r)= log4…
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- If you invest $15,000 today, how much will you have in (for further instructions on future value in Excel, see Appendix C): A. 20 years at 22% B. 12 years at 10% C. 5 years at 14% D. 2 years at 7%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 annuitySuppose you wish to have $9,000 in 11 years. Use the present value formula to find how much you should invest now (in $) at 6% interest compounded semiannually in order to meet your goal
- Suppose you wish to have $15,000 in 6 years. Use the present value formula to find how much you should invest now at 5% interest, compounded semiannually in order to have $15,000, 6 years from now. Then calculate the amount of interest.Suppose you wish to have $15,250 in 18 years. Use the present value formula to find out how much you should invest at 6% interest, compounded annually in order to have $15,250, 18 years from now.If you invest $9,400 per period for the following number of periods, how much would you have received at the end? ( Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.) a. 12 years at 6 percent. Future value $ b. 18 years at 8 percent. Future value $ c. 25 periods at 16 percent. Future value $
- If you invest $8,300 per period for the following number of periods, how much would you have received at the end? (Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.)a. 12 years at 6 percent.Future value$b. 20 years at 9 percent.Future value$c. 20 periods at 14 percent.Future value$Consider the following future value. (Round your answers to the nearest cent.) $3,739 at 11 7/8% compounded monthly for 17 years and 7 months (a) Find the present value that will generate the given future value.$ ____________(b) Interpret the present value. One would have to invest $ ___________ now to have the future value in the given time.Suppose you invest $2,000 today and receive $11,000 in five years. a. What is the internal rate of return (IRR) of this opportunity? b. Suppose another investment opportunity also requires $2,000 upfront, but pays an equal amount at the end of each year for the next five years. If this investment has the same IRR as the first one, what is the amount you will receive each year?
- You wish to have $23,000 in 10 years. Use Table 11-2 to create a new table factor, and then find how much you should invest now (in $) at 6% interest, compounded quarterly in order to have $23,000, 10 years from now. (Round your answer to the nearest cent.)Consider the following future value. (Round your answers to the nearest cent.)$4,472 at 10 3/4% compounded quarterly for 6 years (a) Find the present value that will generate the given future value. ____$ (b) Interpret the present value. One would have to invest ____$ now to have the future value in the given time.Suppose that you are planning to buy a boat in in 28 years [cell B3] for $100,000 [cell B2], and you deposit into your account the amount of $26,000 CAD [cell B1]. (a) What average annually compounding rate of return (as a percentage, correct to 2 decimals) should you earn so you can accumulate the lump sum needed to achieve your goal [cell B5]? Use the RATE function.(Note: You might have to modify the format of cell B5 so that it shows 2 decimals.) (b) What is the correct formula (using 18 characters or less) that should be placed in cell B5?Note: There are to be NO numbers in the function call (apart from a 0 if appropriate), only cell references, or negative cell references where appropriate. In excel pls.