Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you have $5,000 to invest today. similar investmen

You have $5,000 to invest today. Similar investments carn 7% interest compounded annually. How much...

70.2K

Verified Solution

Question

Finance

image
image
You have $5,000 to invest today. Similar investments carn 7% interest compounded annually. How much will your investment be worth after ten years? $9,835.76 $69,082.24 $8,500 None of the above Question 2 (10 points) You need $30,000 in seven years. You can cum a 6% interest rate with monthly compounding on your investment. How much must you save each month to reach your savings goal? $288.26 $4,221.86 $3,574.05 You can receive $10,000 at the end of each year for twenty years. Similar investments earn a 9% interest rate. How much are the payments worth to you at the end of twenty years? $511,601.20 $91,285.46 $99,501.15 None of the above Question 7 (10 points) You need $18,000 in ten years because you want to start your own business. Similar investments earn 5% interest compounded semiannually. How much must you invest today to reach your savings goal? $14,061.57 $11,050.44

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