Multiple Problems

For Help with Multiple Homework Problems, Ask an Expert

Connect one-on-one with {0} who will answer your question

a. Calculate the future value...

a. Calculate the future value of $1000, given that it will be held in the bank for 9 yrs and earn an annual interest rate of 5%.

b. Recalculate part (a) using a compounding period that is (1) semiannual and (2) bimonthly.

c. Recalculate parts (a)and (b) using an annual interest rate of 10%.

d. Recalculate part (a) using a time horizon of 18 years at an annual interest rate of 5%.

e. What conclusions can you draw when you compare the answers in parts (c) and (d) with the answers in parts (a) and (b)?

a. What is the future value of $1000 in a bank account for 9 years at an annual interest rate of 5 percent? 1551.33

b. What is the future value of $1000 in a bank account for 9 years at 5 percent compounded semiannually?___________(round to the nearest cent)

What is the future value of $1000 in a bank account for 9 years at 5 percent compounded bimonthly?__________(round to nearest cent)

c. What is the future value of $1000 in a bank account for 9 years at an annual interest rate of 10 percent?________(round to nearest cent)

What is the future value of $1000 in a bank account for 9 years at 10 percent compounded semiannually?_________(round to nearest cent)

What is the future value of $1000 in a bank account for 9 years at 10 percent compounded bimonthly?__________( round to nearest cent)

d. What is the future value of $1000 in a bank account for 18 years at an annual interest rate of 5 percent?________(round to the nearest cent)

e. With respect to the effect of changes in the stated interest rate and holding periods on future sums, which of the following statements is corret?

____a. An increase in the stated interest rate will increase the future value of a given sum. Likewise, an increase in the length of the holding period will increase the future value of a given sum.

_____b. An increase in the stated interest rate will decrease the future value of a given sum. Likewise, an increase in the length of the holding period will decrease the future value of a given sum.

_____c. An increase in the sated interest rate will increase the future value of a given sum. whereas, an increase in the length of the holding period will decrease the future value of a given sum.

_____d. An increase in the stated interest rate will decrease the future value of a given sum. Whereas, an increase in the length of the holding period will increase the future value of a given sum.

b. Recalculate part (a) using a compounding period that is (1) semiannual and (2) bimonthly.

c. Recalculate parts (a)and (b) using an annual interest rate of 10%.

d. Recalculate part (a) using a time horizon of 18 years at an annual interest rate of 5%.

e. What conclusions can you draw when you compare the answers in parts (c) and (d) with the answers in parts (a) and (b)?

a. What is the future value of $1000 in a bank account for 9 years at an annual interest rate of 5 percent? 1551.33

b. What is the future value of $1000 in a bank account for 9 years at 5 percent compounded semiannually?___________(round to the nearest cent)

What is the future value of $1000 in a bank account for 9 years at 5 percent compounded bimonthly?__________(round to nearest cent)

c. What is the future value of $1000 in a bank account for 9 years at an annual interest rate of 10 percent?________(round to nearest cent)

What is the future value of $1000 in a bank account for 9 years at 10 percent compounded semiannually?_________(round to nearest cent)

What is the future value of $1000 in a bank account for 9 years at 10 percent compounded bimonthly?__________( round to nearest cent)

d. What is the future value of $1000 in a bank account for 18 years at an annual interest rate of 5 percent?________(round to the nearest cent)

e. With respect to the effect of changes in the stated interest rate and holding periods on future sums, which of the following statements is corret?

____a. An increase in the stated interest rate will increase the future value of a given sum. Likewise, an increase in the length of the holding period will increase the future value of a given sum.

_____b. An increase in the stated interest rate will decrease the future value of a given sum. Likewise, an increase in the length of the holding period will decrease the future value of a given sum.

_____c. An increase in the sated interest rate will increase the future value of a given sum. whereas, an increase in the length of the holding period will decrease the future value of a given sum.

_____d. An increase in the stated interest rate will decrease the future value of a given sum. Whereas, an increase in the length of the holding period will increase the future value of a given sum.

Show More

Show Less

Was this answer helpful?

Describe your issueThe assistant will guide you

Chat 1:1 with a business tutorLicensed Experts are available 24/7

100% satisfaction guaranteeGet all the answers you need

Related Multiple Problems Questions

4 parts Shirley, a recent college graduate, excitedly

4 parts Shirley, a recent college graduate, excitedly described to her older sister the $ 1500sofa, table, and chairs she found today. However, when asked she could not tell her sister which inter… read more

Do NOT use the dollar sign. Do NOT use the percent symbol.

Do NOT use the dollar sign. Do NOT use the percent symbol. Do NOT use words in your answers. Round your answers to nearest hundredths or hundredths percent, as needed.***What will a deposit of $4,500 … read more

I have many questions... I am completing a quiz and am

I have many questions... I am completing a quiz and am completely stuck. Quiz is 24 questions, how much will it cost me?… read more

Q1. Starting with $4,500.00, what will it grow to in 5 years

Q1. Starting with $4,500.00, what will it grow to in 5 years at 7.25% compounded daily. a. $6,385.95 b. $6,465.89 c. $6,358.59 d. $6,835.59 e. $9,444.50 Q2. If you borrow $1000 at an APR of 12% and pa… read more

1. find the interezt paid on a loan of $2400 years at a

1. find the interezt paid on a loan of $2400 for two years at a simple interest rate of 12% per year. The interest on a loan is $ 2. Find the maturity value of a loan of $2400.00 after three yearz. Th… read more

1) Find the simple interest on the loan. $1400 at 8%

1) Find the simple interest on the loan. $1400 at 8% for 10 years. $____ 2) Find the total amount due for the simple interest loan. $1300 at 8% for 10 years. $____ 3) Find the interest rate on a loan … read more

I need these answered please 1. Which of the following

I need these answered please 1. Which of the following would result in a decrease in cash flow and a use of cash? A. A decrease in notes payable B. An increase in long-term debt C. A decrease in inven… read more

1. find the interest paid on a loan of $2800 for two years

1. find the interest paid on a loan of $2800 for two years at a simple interest rate of 11% per year. The interest on a loan is $ 2. Find the maturity value of a loan of $2400.00 after three years. Th… read more

Use the formula for the present value of an ordinary annuity

Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$7000; i=0.025; PMT=$450; n = Round up to the nearest integer Solve the foll… read more

there are text questions please respond soonest Using

there are text questions please respond soonest Using the formula for simple interest and the given values find i P= $300, r=5%, t=4 years; I=$ Use the formula for simple interest, I=prt to find the i… read more

"For Finley" This set has 6 questions on the attachment

"For Finley" This set has 6 questions on the attachment - First question _ What is the future value of $4,000 in a bank account for 7 years at 5 percent compounded bimonthly? $ (Round to the nearest c… read more

1. Find the interest paid on a loan of $2500 for one year at a simple

1. Find the interest paid on a loan of $2500 for one year at a simple interest rate of 10% per year. Interest rate is ____ 2. Find the maturity value of a loan of $2400.00 after three years. The loan … read more

Using a Spreadsheet to Calculate Yield to Maturity. What is

Using a Spreadsheet to Calculate Yield to Maturity. What is the yield to maturity on the following bonds; all have a maturity of 10 years, a face value of $1,000, and a coupon rate of 9 percent (paid … read more

for Linda- this is due sunday by 6pm 5 questions can you

for Linda- this is due sunday by 6pm 5 questions can you get it done? A particular security's equilibrium rate of return is 8 percent. For all securities, the inflation risk premium is 1.75 percent an… read more

The liabilities and owners equity for Campbell Industries

The liabilities and owners' equity for Campbell Industries is found here: Accounts payable $502,000 Notes payable $244,000 Current liabilities $746,000 Long-term debt $1,239,000 Common equity $5,266,0… read more

1) bond will pay a lump sum of $1,000 exactly 3 years from

1) bond will pay a lump sum of $1,000 exactly 3 years from today. The nominal interest rate is 6%, semiannual compounding. Which of the following statements is CORRECT? Select one: A. The periodic int… read more

I need help with abt 3 practice and 3 problem questions in

I need help with abt 3 practice and 3 problem questions in my MyFinance Lab. Can anyone help me out?… read more

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.

JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.

Web sites like justanswer.com/legal

...leave nothing to chance.

...leave nothing to chance.

Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.

Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.

I will tell you that...the things you have to go through to be an Expert are quite rigorous.

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

Los Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

Hesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

Kernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

Woodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

Elkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

Dallas, TX

< Previous | Next >

Manal Elkhoshkhany

Bachelor's Degree

1,415 satisfied customers

Completed by BA degree in 1988 and graduated with a GPA of 4.0

linda_us

Master's Degree

7,291 satisfied customers

A tutor for Business, Finance, Accounts and other related topics.

F. Naz

B.Com

1,144 satisfied customers

have completed B.Com and CA Finalist

Mr. Gregory White

Master's Degree

886 satisfied customers

M.A., M.S. Education / Educational Administration

Bizhelp

CPA

539 satisfied customers

BA degree and Certified Public Accountant

MyVirtualCPA

Master's Degree

155 satisfied customers

Master's degree holder who loves to help you understand your MC homework problems

Brittany

Professional

33 satisfied customers

AA/Accounting BS/Business

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.