What will the equal annual end of year payments need to be, in order to fully amortize a $25,000, 12% loan over a five year period? The effective interest rate for a savings account that is compounded quarterly at 8% is ____________. The amortization of a loan involves creating an annuity out of a present amount. True, A recent advertisement in the financial section of a magazine carried the following claim: "Invest your money with us at 14 percent, compounded annually, and we guarantee to double your money sooner than you imagine." Ignoring taxes, how long would it take to double your money at a nominal rate of 14 percent, compounded annually?If a united states saving bond can be purchased for $14.60 and has a maturity value at the end of 25 years of $100, what is the annual rate of return on the bond? Answer, , , , At an effective annual interest rate of 20%, how many years will it take a given amount to triple in value? (round to the closest year.) 6, You have been offered a project paying $300 at the beginning of each year for the next 20 years. The first payment occurs at the beginning of the first year. What is the maximum amount of money you would invest in this project if you expect 9 percent rate of return to your investment? bank account paying 12 percent interest. How much will Gina have in that account at the end of the 8th year?Answer, , , , Tony plans to deposit $1,000 at the end of each of the next three years. If his funds earn 5% compounded annually, how much will he have at the end of three years?
Assume that you can invest to earn a stated annual rate of return of 12%, but where interest is compounded semiannually. If you make 20 consecutive semiannual deposits of $500 each, with the first deposit being made
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