# fin100 week 5 assignment

*label*Other

*timer*Asked: May 3rd, 2017

### Question Description

** Please show your work. If you don't show your work, you will not get credit. Show work in Excel.**

- What will $ 150,000 grow to be in 10 years if it is invested today in an account with a quoted annual interest rate of 9% with monthly compounding of interest?
- How many years will it take for $345,000 to grow to be $764,000 if it is invested in an account with a quoted annual interest rate of 10% with monthly compounding of interest?
- At what quoted annual interest rate must $ 198,000 be invested so that it will grow to be $450,000 in 19 years if interest is compounded weekly?
- You are offered an investment with a quoted annual interest rate of 19% with quarterly compounding of interest. What is your effective annual interest rate?
- You are offered an annuity that will pay $34,000 per year for 12 years (the first payment will occur one year from today). If you feel that the appropriate discount rate is 11%, what is the annuity worth to you today?
- If you deposit $14,000 per year for 11 years (each deposit is made at the end of each year) in an account that pays an annual interest rate of 12%, what will your account be worth at the end of 10 years?
- You plan to borrow $423,000 now and repay it in 20 equal annual installments (payments will be made at the end of each year). If the annual interest rate is 10%, how much will your annual payments be?
- You are told that if you invest $ 10,000 per year for 22 years (all payments made at the end of each year) you will have accumulated $321,000 at the end of the period. What annual rate of return is the investment offering?
- You are offered an annuity that will pay $15,000 per year for 2 years (the first payment will be made today). If you feel that the appropriate discount rate is 9%, what is the annuity worth to you today?
- If you deposit $ 10,000 per year for 12 years (each deposit is made at the beginning of each year) in an account that pays an annual interest rate of 10%, what will your account be worth at the end of 10 years?

This question has not been answered.

Create a free account to get help with this and any other question!

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors