Two years ago, Kevin invested $9,400.00. Today, he has $10,800.00. If Kevin earns the same annual rate implied from the past and current values of his invsetment, then in how many years from today does he expect to have exactly $40,700.00 O 19.11 years (plus or minus 0.05 years) O 21.11 years (plus or minus 0.05 years) O 13.91 years (plus or minus 0.05 years) O 29.07 years (plus or minus 0.05 years) O None of the above is within .05 percentage points of the correct answer
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- Four years ago, Leroy invested $12,600.00. Today, he has $20,700.00. If Leroy earns the same annual rate implied from the past and current values of his invsetment, then in how many years from today does he expect to have exactly $50,600.00 O 7.20 years (plus or minus 0.05 years) 7.57 years (plus or minus 0.05 years) O 6.25 years (plus or minus 0.05 years) 11.20 years (plus or minus 0.05 years) None of the above is within .05 percentage points of the correct answerD Two years ago, Reggie invested $19,900.00. Today, he has $21,600.00. If Reggie earns the same annual rate implied from the past and current values of his investment, then in how many years from today does he expect to have exactly $38,000.00 O 0.00 years (plus or minus 0.05 years O 15.78 years (plus or minus 0.05 years O 22.35 years (plus or minus 0.05 years O 13.78 years (plus or minus 0.05 years O None of the above is within .05 percentage points of the correct answerTwo years ago, Christopher invested $1,530.00. He has earned and will earn compound interest of 8.06 percent per year. If Charles invests $1,630.00 in 1 year from today and earns simple interest, then how much simple interest per year must Charles earn to have the same amount of money in 6 years from today as Christopher will have in 6 years from today? Answer as an annual rate. A rate equal to or greater than 15.52% but less than 16.66% A rate equal to or greater than 56.04% but less than 58.32% A rate equal to or greater than 16.66% but less than 36.04% A rate less than 15.52% or a rate greater than 58.32% A rate equal to or greater than 36.04% but less than 56.04%
- Siegfried Basset is 65 years of age and has a life expectancy of 13 more years. He wishes to invest $33,000 in an annuity that will make a level payment at the end of each year until his death. If the interest rate is 8.0%, what income can Mr. Basset expect to receive each year? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Annual incomeHank made payments of $106 per month at the end of each month for 30 years to purchase a piece of property. He promptly sold it for $99,810. What annual interest rate would he need to earn on an ordinary annuity for a comparable rate of return? ◻️٪ (Round to the nearest hundredth as needed.)Abe Washington sold some property in Oregon and will receive $40,000 in 5 equal payments of $8,000 at the end of each year from today. What is the present value of these future payments at an interest rate of 9% compounded annually? Round answer to the nearest dollar.
- Mo will receive a perpetuity of $34,000 per year forever, while curly will receive the same annual payment for the next 50 years. If the interest rate is 7.8% how much more are Mo's payments worth? 1. $10,706.21 2. $9,559.11 3. $9,877.55 4. $9,081.16 5. $10,196.39 Please show step by step calculation I am having difficulty understanding this question. Only typing answerNoah invests $600 at the end of each quarter for 30 years in an account paying 5.64% interest compounded quarterly and then he retires. Suppose that he was in the 15% bracket when the deposits were made and interest was earned. Suppose his tax bracket is now 33% in retirement. Find the current after-tax value of Noah's account if it was set-up as (i) a Traditional Individual Retirement Account (IRA): $ (ii)a Roth Individual Retirement Account (Roth-IRA): $Bill Padley expects to invest $10,000 for 25 years, after which he wants to receive $108,347. What rate of interest must Padley earn?
- If Marvin invests $3,520.00 in 2 years in an account that is expected to earn 5.87 percent per yearland he expects to invest $2,750.00 in the same account in 4 years, then how much money will Marvin have in his account in 8 years?(Round the value to decimal places and enter the positive value)Mitchell plans to retire in 3 years with $518,000.00 in his account. If he receives payments of $121,890.95 per year and he receives his first $121,890.95 payment in 3 years and his last $121,890.95 payment in 7 years, then what is the expected annual return for his account? 5.68% (plus or minus 1 bps) 16.32% (plus or minus 1 bps) 8.86% (plus or minus 1 bps) 10.84% (plus or minus 1 bps) none of the answers are within 1 bps of the correct answerWalter is investing $5,000in an account paying 6.75 percent annually for three years. What is the interest-on-interestif interest is compounded?Hint: Find the interest earned using compound interest and simple interest. The difference between them isyour answer.