2-if an investment of $45,000 ....below are the selection 9.00 years 1.42 years

Question

2-if an investment of $45,000 ....below are the selection

9.00 years

1.42 years

0.16 years

.36 years

The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations If a security of $12,800 will be worth $28,296.72 seven years in the future, assuming that no additional deposits or withdrawals are made, what is the implied interest rate the investor will earn on the security? O 9.60% O 12.00% o 4.52% o 0.32% If an investment of $45,000 is earning an interest rate of 4.00%, compounded annually, how long will it take for this investment to reach a value of $64,049.03, assuming that no additional deposits or withdrawals are made during this ime? Which of the following statements is true, assuming that no additional deposits or withdrawals are made? 0 If you invest $5 today at 15% annual compound interest for 82.3753 years, you'll end up with $100,000. 0 If you invest $1 today at 15% annual compound interest for 82.3753 years, you'll end up with $100,000.

Explanation / Answer

Answer 1.

28,296.72 = 12,800*(1+i)^7

I = 12%

Answer 2.

Let n be the year in which 45,000 will increased to $64,049.03.

64,049.03 = 45,000*1.04^n

N = 9 years

Answer 3.

(i)                  5*1.15^82.3753 = 500,003.23

(ii)                1*1.15^82.3753 = 100,000

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