please sent me formulas or excel funtions 10. How much would $1,000 in an...

50.1K

Verified Solution

Question

Accounting

image
please sent me formulas or excel funtions
10. How much would $1,000 in an account paying 14 percent interest compounded semi-annually accumulate to in 10 years? a. $2,140 b. $3,707 c. $1,647 d. $3,870 11. If you want to have $90 in four years, how much money must you put in a savings account today? Assume that the savings account pays 8.5% and it is compounded monthly (round to the nearest $1). a. $64 b. $65 c. $66 d. $71 12. What is the present value of $12,500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10. a. $5,790 b. $11,574 c. $9,210 d. $17,010 13. If you want to have $1,200 in 27 months, how much money must you put in a savings account today? Assume that the savings account pays 14% and it is compounded monthly (round to nearest $10) a. $910 b. $890 C. $880 d. $860 14. If you want to have $2,100 in 3 years, how much money must you put in a savings account today? Assume that the savings account pays 7% and it is compounded quarterly. a. $1,656 b. $1,705 C. $1,674 4 en

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students