Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. at what the annual rate would the following have t

At what the annual rate would the following have to be invested? a. $520 to grow to...

50.1K

Verified Solution

Question

Finance

At what the annual rate would the following have to beinvested?

a. $520 to grow to $1,483.62 in 11 years ?

b. $280 to grow to $479.87 in 7 years ?

c. $50 to grow to $363.17 in 19 years ?

d. $216 to grow to $289.06 in 5 years ?

At what annual rate would $520 have to be invested to grow to$1483.62 in 11 years? Round to the nearest whole percent.

Answer & Explanation Solved by verified expert
4.2 Ratings (624 Votes)
aInformation provided Present value 520 Future value 146362 Time 11 years The annual rate is calculated by computing the yield to maturity Enter the below in a financial calculator to compute the annual rate PV 520 FV 146362 N 11 Press the CPT key and IY to compute the annual    See Answer
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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

At what the annual rate would the following have to beinvested?a. $520 to grow to $1,483.62 in 11 years ?b. $280 to grow to $479.87 in 7 years ?c. $50 to grow to $363.17 in 19 years ?d. $216 to grow to $289.06 in 5 years ?At what annual rate would $520 have to be invested to grow to$1483.62 in 11 years? Round to the nearest whole percent.

Other questions asked by students

Q

The balances of Adventure Travel Service’s accounting equation items for the year ended April 30, 2019,...

Accounting
Q

The two data sets in the table below are dependent random samples. The population of (x?y)(x-y)...

Basic Math
Q

30 Solve for x 3 000 1 6 3 3 60

Geometry
Q

The parametric equations x = t +2 and y = t + 3t represent a...

Basic Math
Q

Destination Weddings Twenty-six percent of couples who plan to marry this year are planning destination...

Basic Math
Q

Check if the given set of polynomials form a basis for P set of all...

Algebra
Q

at is the product of the radical expression 2 8 2 elect one O a...

Algebra
Q

A county will invest $4,200,000 to clean up a chemical spill that occurred following a...

Accounting
Q

Question 25 3 pts A bond issue with a face amount of $400,000 bears interest...

Accounting
Q

CoreOre Limited is financed as follows: Non-distributable reserves Long-term loans 200 million ordinary shares Retained...

Accounting
Q

Devon Corp. is trying to decide whether to lease or purchase a piece of equipment....

Accounting
Q

please don't use ai, I will detect it. if it is proven to be used,...

Finance