How many years were involved in the calculation of the pv

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Reference no: EM133128474

Questions -

A) Desmond has a stock investment that he hopes will be worth $100,000. Desmond invested a total of $65,000 in the stock today. The stock is earning 11.00% annually. How long will it take (in years) until Desmond has his $100,000?

1. 3.00 years

2. No solution / error

3. 4.13 years

4. -4.13 years (negative)

B) Jack has an investment that he hopes wil be worth $1,500. Jack invested a total of $150 in the investment today. The investment is earning 9.75% annually. How long will it take (in years) until Jack has his $1,500?

1. 10.00 years

2. No solution / error

3. 24.75 years

4. -24.75 years (negative)

C) Colton has $3,000 that he wants to invest today to grow into $21,000. He finds an investment that earns 7.5% with monthly compounds. How many months will he wait till he has the $21,000?

1. 26.91 months

2. 26.03 months

3. 312.32 months

4. 322.88 months

D) A FV of $600,000 is worth a PV of $80,000 today. Assuming a rate of return of 8% per year, how many years were involved in the calculation (NPER) of the PV?

1. 26.18 years

2. 24.35 years

3. 28.00 years

4. -26.18 years (negative)

Reference no: EM133128474

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