(Related to Checkpoint 5.5) (Solving for n) How many years will it take for $480 to grow to $1,010.97 if it's invested a
Posted: Wed Mar 30, 2022 3:50 pm
- Related To Checkpoint 5 5 Solving For N How Many Years Will It Take For 480 To Grow To 1 010 97 If It S Invested A 1 (17 KiB) Viewed 54 times
(Related to Checkpoint 5.5) (Solving for n) How many years will it take for $480 to grow to $1,010.97 if it's invested at 8 percent compounded annually? The number of years it will take for $480 to grow to $1,010.97 at 8 percent compounded annually is years. (Round to one decimal place.)
(Related to Checkpoint 5.6) (Solving for i) At what annual interest rate, compounded annually, would $510 have to be invested for it to grow to $1,915.08 in 15 years? The annual interest rate, compounded annually, at which $510 must be invested for it to grow to $1,915.08 in 15 years is %. (Round to two decimal places.)
(Related to Checkpoint 5.4) (Present value) Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $385,000 due in 26 years. In other words, they will need $385,000 in 26 years. Toni Flanders, the company's CEO, is scrambling to discount the liability to the present to assist in valuing the firm's stock. If the appropriate discount rate is 8 percent, what is the present value of the liability? If the appropriate discount rate is 8 percent, the present value of the $385,000 liability due in 26 years is $. (Round to the nearest cent.)