If brenda contributes 630 at the end of each month to her

Reference no: EM13616116

1. Marty plans to discharge his debt of 3,500 in two payments, $1500 in 10 months, and $2000 in 15 months. If he changes his mind and wants to pay his debt off in one payment, when would that be if the interest rate is 24%?

2. How long will it take an investment fund of $4000 to be (a) $8000, and (b) $12,000 (c) $20,000 if the interest rate is 10%?

3. If an investor is planning to multiply his initial investment 50-fold when would that be possible if the interest rate is 15 1/2%?

4. Find the future value of the cash flow of $600 a month for 5 years at 9% interest compounded monthly.

5. If Brenda Contributes $630 at the end of each month to her retirement account that pays 8 3/4% compounded semiannually, how much will she have when she retires 20 years from the start of contributions?

Reference no: EM13616116

Questions Cloud

Assuming that there are no collisions and that the : suppose that a particle accelerator is used to move two beams of particles in opposite directions. in a particular

A restaurant owner wants to buy new kitchen equipment for : 1. find the discounted value of an ordinary annuity of 1490 a month for 3 years if the interest is 14 14 compounded

A find the force on the 12cm side of the loop parallel to : a closed wire loop is in the shape of a right triangle with sides 12cm 12cm and 12 sqrt 2 cm. the loop lies in the

What decision criteria should managers use in selecting : what decision criteria should managers use in selecting projects when there is not enough capital to invest in all

If brenda contributes 630 at the end of each month to her : 1. marty plans to discharge his debt of 3500 in two payments 1500 in 10 months and 2000 in 15 months. if he changes his

Find the magnitude of the magnetic field needed to suspend : a copper wire has diameter 0.140mm and length 11.0cm . its in a horizontal plane and carries a current of 2.35a . the

A sample of 850 people resulted in a confidence interval : 1. for a standard normal model find the z-value that is less than the mean and for which 67 of the area under the

After the recalibration the quality-control manager : a machine fills bottles with 64 fluid ounces of liquid. the quality-control manager determines that the fill levels are

A 21cm long solenoid consists of 5400 turns of wire wound : a 21cm long solenoid consists of 5400 turns of wire wound uniformly. what current is needed to produce an 8.0mt

User Account

All Pages