Suppose you invest $5,000 per year for three years

Suppose you invest $5,000 per year for three years

Question # 00475838 Posted By: katetutor Updated on: 02/03/2017 12:18 AM Due on: 02/03/2017
Subject Finance Topic Finance Tutorials:
Question
Dot Image

4. Suppose you invest $5,000 per year for three years at an interest rate of 7.25%. After year 3, you make no new investments, but leave your money invested. How much money will you have in 15 years?

5. You receive $100 from your grandmother. Ally Bank will guarantee a 1% annual interest rate indefinitely. How long will it take to quintuple your money? (That is, you have 5 times more money).

7. Suppose you charge me a 9% annual interest rate and I promise to pay you $3,000 a year for four years (first payment is one year from today) plus $9,000 five years from now. How much is this stream of cash flows worth today?

Dot Image
Report this Question as Inappropriate
Tutorials for this Question
  1. katetutor
    Tutorial # 00472014 Posted By: katetutor Posted on: 02/03/2017 12:19 AM
    Puchased By: 3
    Tutorial Preview
    The solution of Suppose you invest $5,000 per year for three years...
      Get the Solution
    Attachments
    fv_4_5_7.xlsx (9.68 KB)
    Recent Feedback
    Rated By Feedback Comments Rated On
    r...41 Rating Quick response, instant solutions 02/28/2018
  Get the Solution

Great! We have found the solution of this question!

Related Questions and Answers

Whatsapp Lisa