oblem #7: You deposit P dollars into an account that earns a nominal rate of i compounded semiannually. At t you deposit 2.2P dollars into an account that earns simple interest at an annual rate of i. If both dep same amount of interest in the last 6 months of year 8, what is i? Problem #7: Answer as a percentage, correct to 2 decimals.

oblem #7: You deposit P dollars into an account that earns a nominal rate of i compounded semiannually. At t you deposit 2.2P dollars into an account that earns simple interest at an annual rate of i. If both dep same amount of interest in the last 6 months of year 8, what is i? Problem #7: Answer as a percentage, correct to 2 decimals.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Suppose that you deposited $5,999 at the end of each year in a Roth IRA account earning an annual rate of 5.01% for the next 15 years. How much would be on deposit at the end of the 15th year? In the space below, please indicate what the following variables are (enter answers to four decimal places and be mindful as to whether the variable is a positive or negative number): 1. PV 2. FV 3. Rate % 4. Periods 5. Payment
Q)The Central Bank pays 3.6% compounded monthly on certain types of deposits. What is the effective annual rate of interest? Note:- you will keep all 8 decimal places when performing calculations, express your final answer in percentage with 8 decimal places, and there is no need to include any symbols such as % in your final answer.
Account A and Account B each receive a deposit at the same time. Account A earns interest at an annual effective rate of r. Account B earns simple interest at an annual rate of r. Account A's effective rate of interest for year 8 is 1.5 times Account B's effective rate for year 8. Find r. Enter your answer as a percent. r = %
Q)The Central Bank pays 3.6% compounded monthly on certain types of deposits. What is the effective annual rate of interest? Note: to receive the full mark, you will keep all 8 decimal places when performing calculations, express your final answer in percentage with 8 decimal places, and there is no need to include any symbols such as % in your final answer. Solve this economic
1. You have saved $1000 and have decided to deposit it into an account paying 3% APR compounded monthly. Since you have done so well with saving, you are also able to deposit $100 into the account at the end of each month. Fill in the following table. (Don't use the regular deposits balance formula.) (Round your answers to 2 decimal places.) At end of month number Interest paid on prior balance Deposit Balance 1000 3.
Exercise (1.77) You deposit an amount X into an account at time 0 and 2X into the same account at time 3. The account balance at time 5 is 5,000. If the account has earned a 4% annual effective rate, what is the value of X? Answer: 1,479.35
Suppose you deposit D dollars at the beginning of each month into an account that pays a monthly rate of r as a decimal. Then, the balance B of the account after t months is given by B = D(1 + r) (1 + r)t − 1 r dollars. Suppose you deposit $160 at the beginning of each month into an account that pays a monthly rate of r = 0.005, which corresponds to an APR of 6%. How long does it take for the account balance to build to $2600? Report your answer to the nearest whole month. months
Suppose on January 1st you deposit $100 in an account that pays a nominal interest rate of 11.33463% with interest added (compounded) daily. How much will you have in your account on October 1st or 9 months later?
Suppose you deposit $1,016.00 into an account 4.00 years from today. Exactly 13.00 years from today the account is worth $1,741.00. What was the account's interest rate? Submit Answer format: Percentage Round to 3 decimal places (Example: 9.243%, % sign required. Will accept decimal format rounded to 5 decimal places (ex. 0.09243))
Suppose that on January 1 you have a balance of $6200 on a credit card whose APR is 18%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1 a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total payment from part (b) is interest? C... a. The monthly payment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
1. Suppose that on January 1 you have a balance of $5600 on a credit card whose APR is 17%, which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1. a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total payment from part (b) is interest? a. The monthly payment is? Then round to the nearest cent as needed.) 2. Compare the monthly payments and total loan costs for the following pairs of loan options. Assume that both loans are fixed rate and have the same closing costs. You need a $160,000 loan. Option 1: a 30-year loan at an APR of 8%. Option 2: a 15-year loan at an APR of 7.5%. Question content area bottom Part 1 Find the monthly payment for each option. The monthly payment for option 1 is $enter your response here. The monthly payment for option 2 is $enter your response here. (Do not round…
Listen How long would you have to wait for a deposit of $1,625 to earn $34 in interest? Assume that the account earns a simple interest rate of 6.75% per annum. Express your answer in months to two decimal places. Your Answer: Answer

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