Determining the interest on investment, Finance Basics

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Determining the interest on investment

1. Jim Williams placed $3,500 in a savings account earning 7% annually. How much money will he have in the account at the end of six years?

2. Brian Donlvey expects to have $32,000 in his savings account 8 years from now. If he earns 9% interest on his investment, what should he invest today?

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Finance Basics: Determining the interest on investment

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Determining the interest on investment

Reference No:- TGS040680

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : What is the size of the labor force

Q : Self-supporting growth rate

Q : Examples of at least four derivative securities

Q : Provide quantitative estimates of likely postmerger prices

Q : Determining the interest on investment

Q : Prepare the necessary adjusting journal

Q : Cost of capital in terms of the financing costs

Q : Estimate of the expected amount ranges

Q : Percent return on the money

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Determining the interest on investment

Reference No:- TGS040680

Recent Questions Asked Finance Basics

Q : What is the size of the labor force

Q : Self-supporting growth rate

Q : Examples of at least four derivative securities

Q : Provide quantitative estimates of likely postmerger prices

Q : Determining the interest on investment

Q : Prepare the necessary adjusting journal

Q : Cost of capital in terms of the financing costs

Q : Estimate of the expected amount ranges

Q : Percent return on the money

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