Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. analysis 01 assume that you have 1 000 to invest s

Analysis 01 Assume that you have 1 000 to invest so insert 1000 as your...

90.2K

Verified Solution

Question

Basic Math

image

Analysis 01 Assume that you have 1 000 to invest so insert 1000 as your Present Value in the table below 1 Assume that you want to invest your money for 5 years insert 5 for Number of Periods Assume an 2 annual interest rate of 3 00 insert 3 for Interest Rate Per Period The table below will determine the 3 Future Value of your investment If you input the numbers correctly your Future Value is computed to be 1 159 which is what your investment will be worth in 5 years Now revise the input to reflect your 5 actual savings and the prevailing interest rate so that you can see how your savings will grow in 5 years Even if you have no savings now you can at least see how the interest rate affects the future value of savings by revising your input in the Interest Rate per Period and then notice the change in the Future Value Future Value of a Present Amount Present Value Number of Periods Interest Rate per Period Future Value

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

Medical Sciences
1.2K views

What are the body’s nonspecific defenses? What do natural killer cells do? What does interferon do? What are...

Physics
1.2K views

a . what is the field of view under the low-power 10 X b. what is...

Physics
1.2K views

Tom, Spock, and McCoy stand on the top deck of a parking garage on planet Earth,...

Mechanical Engineering
1.2K views

1. a) Make sketches to differentiate between microstructures in castings generated by homogeneous and by heterogeneous...

Psychology
1.2K views

In your own words define and discuss the biological processes that result in puberty in adolescence.

Statistics
1.2K views

A 95 percent confidence interval for the true mean time spent preparing and recording a...

Accounting
1.2K views

RESOURCES emester SY 2018-2019) Part 9 Management Advisory Services...

Accounting
1.2K views

pls help me In December 2016. Custom Mfg....

Accounting
1.2K views

in 220/24 4 Points Show Time Remaining Dr.Fish's office purchased a magazine subscription from Medical...

Accounting
1.2K views

On January 1, Year 1, Beatie Company borrowed $200,000 cash from Central Bank by issuing...

Accounting
1.2K views

discuss in detail how performance evaluation can be impacted by the choice of a costing...

Accounting
1.2K views

On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company,...