Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. how many years will it take $400 to grow to $16

1. How many years will it take $400 to grow to $1671 if it is...

70.2K

Verified Solution

Question

Accounting

1. How many years will it take $400 to grow to $1671 if it is invested at 10 percent compounded annually?

2. At what rate would $1000 have to be invested to grow to $4046 in 10 years ?

3. What is the present value of an ordinary annuity of $1000 per year for 7 years discounted back to the present at 10 percent? What would be the present value if it were an annuity due?

4. You have just borrowed $100,000 and you agree to pay it back over the next 25 years in 25 equal end of the year payments plus 10 percent compound interest on the unpaid balance ? What will be the size of these payments?

5. What is the present value of a $1000 perpetuity discounted back to the present at 8 percent?

6. What is the present value of a $1000 annuity for 10 years, with the first payment occuring at the end of year 10( that is, ten $1000 payments occuring at the end of year 10 through year 19)given a discount rate of 10 percent?

7. Given a 10 percent discount rate, what is the present value of a perpetuity of $1000 per year if the first payment does not begin until the end of year 10?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students