I need answers as soon as possible 1-What is the equation between compound inter
ID: 1212970 • Letter: I
Question
I need answers as soon as possible
1-What is the equation between compound interest and simple interest at 0% interest rate?
2-At age 30 you invest $5,000 into a mutual fund. If the fund averages an 8% annual return your investment is worth how much at all?
3-if $10,000 is deposited in a savings account that pays 5% annual interest and all of the interest is left in the account what Is the account balance after 7 years ?
4-a small company wants to have enough money saved to purchase a new $200,000 warehouse in 5 years if the company can invest money at 18% per year the amount must be invested each year is?
5-if you had $2,000 now and invested it at 10% interest comp pounder annually how much would it be worth in 8 years?
6-the present worth of an amount of money "Y" that will received 1p years from now is $10,000 At an interest of 8% per year the value of "Y" ten years from now is equal to?
7-compute the rate of return (ROR) for a project that has an initial cost of $40,000 and would provide positive cash flow of $6,000 the first year $7,000 second year $8,000 third and $9,000 fourth year and $10,000 s and $11,000 the sixth year .
Explanation / Answer
1. PC=PSI
Since interest rate is 0%
2. A=P(1+r/100)n
A=5000(1.08/100)25
A=34200
3.SI=(P*R*T)/100
SI=(10000*5*7)/100
=3500
Amount=3500+10000
=13500
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