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How much would your investment be worth, if you invest $3500, compounded
continuously for 8 years at 7.5% APR.
A = Pe^rt
You invest $5000 at 5.25% APR and is compounded quarterly. What is the investment worth after 10 years?
y=P(1+r/n)^nt
If you deposit money today in an account that pays 12% annual interest, how long will it take to double your money? Round your answer to two decimal places.
The wedding dress that liels wanted to purchase,cost R15000.she purchase it using her credit card or she could pay it off over 3 uears if she made use of hire purchase agreement.
1.determine how much liels would eventually pay if she decieded to use her credit card where the rate was 18% compound interest per annum over 3 years.
2.determine how much liels would eventually pay if she decieded to the hire purchase agreement at a rate of 18% per annum simple interest over 3 years
3.The original cash price for the dress was R15000.in 3 uears time,due to inflaction,the cost of the same dress would be R18017.36
What would be the average inflation rate(as a percentage) for the period?
Project R delegates all the development work to outside companies. The estimated cashflows for Project R are (where brackets indicate expenditure): Beginning of Year 1 (£150,000) (contractors’ fees) Beginning of Year 2 (£250,000) (contractors’ fees) Beginning of Year 3 (£250,000) (contractors’ fees) End of Year 3 £1,000,000 (sales) Project S carries out all the development work in-house by purchasing the necessary equipment and using the company’s own staff. The estimated cashflows for Project S are: Beginning of Year 1 (£150,000) (New equipment) Continuous payments Through Year 1 (£75,000) (Staff Cost) Continuous payments Through Year 2 (£250,000) (Staff Cost) Continuous payments Through Year 3 (£250,000) (Staff Cost) End of Year 3 £1,000,000 (sales) REQUIRED a) Calculate the net present value for Project R and Project S using a risk discount rate of 20% per annum.
Kevin used his credit card to pay $2544 for a holiday. The interest rate is 18.75 compounded daily. Kevin plans too make a monthly payment of $200.
when will kevin have paid off the Balance in full?
Calculate the present value as at 1 March 2005 of a series of payments of £1,000 payable on the first day of each month from April 2005 to December 2005 inclusive, assuming a rate of interest of 6% pa convertible monthly.
Your friend told you that she invested $1,000 in a portfolio of large-company stocks 5 years ago and also reinvested the dividends. Her investment grew to $3,456 as at today. Had she invested that same amount in a Government of Grenada bond she would have received $2,500 even if she reinvested the 10 percent coupons paid on the bonds. Given this information, critically discuss why anyone would want to invest in bonds rather than stocks? Further explain why the price of many individual stocks still go down, even when the overall stock market goes up. How can you avoid the value of your stock from going down?
an account has r400 and a bill of r500 was paid from the account.what is the new balance of this account?
e) The force of interest is given by: 𝛿(𝑡) = { 0.08 − 0.001𝑡 0 ≤ 𝑡 < 3 0.025𝑡 − 0.04 3 ≤ 𝑡 < 5 0.03 𝑡 ≥ 5 Calculate the present value at time 2 of a payment of £1,000 at time 10
