September 2023 Question 1 1 point What would be the yearly earnings for a person with 14700 in
2024 Finance Assignment Help
Question 1 1 point What would be the yearly earnings for a person with 14700 in 2023
Question 1 (1 point) What would be the yearly earnings for a person with $14700 in savings at an annual interest rate of 16.6% percent? ( Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 2 (1 point) What is the future value of $3330 8 years from now at 7 percent? Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 3 (1 point) What is the future value of $3425 saved each year for 14 years at 2 percent? Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 4 (1 point) What is the amount a person would have to deposit today (present value) at 8 percent interest rate to have $11200 saved 7 years from now. Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 5 (1 point) What is the amount you would have to deposit today to be able to take out $3000 a year for 8 years from an account earning 14 percent. Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 6 (1 point) If you desire to have $49400 for a down payment for a house in 10 years, what amount would you need to deposit today? Assume that your money will earn 5 percent. Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 7 (1 point) Pete Morton is planning to go to graduate school in a program of study that will take 4 years. Pete wants to have $17500available each year for various school and living expenses. If he earns 5 percent on his money, how much must be deposit at the start of his studies to be able to withdraw $17500 a year for 4 years? Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 8 (1 point) Carla Lopez deposits $9900 a year into her retirement account. If these funds have an average earning of 8 percent over the 8 years until her retirement, what will be the value of her retirement account? Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Question 9 (1 point) If a person spends $25 a week on coffee (52 weeks in a year), what would be the future value of that amount over 9 years if the funds were deposited in an account earning 5 percent? Use the appropriate Time Value of Money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ] (Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.) Save Chapter 1 LO 1.3 Question 10 (1 point) A financial company that advertises on television will pay you $64,000 now for annual payments of $9,100 that you are expected to receive for a legal settlement over the next 8 years. Assume you estimate the time value of money at 11 percent. Use the appropriate time value of money table [ Exhibit 1-A , Exhibit 1-B , Exhibit 1-C , OR Exhibit 1-D ]. (a) What is the present value? (Round your answer to the nearest whole number. Omit the comma, period, and “$” sign in your response.) Save
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