Answer each question and round to the nearest hundredth XXXXXXXXXXHow much money will you have in 3 years if you deposited $5500 into an account 4 years ago earning simple interest rate of 6.5%? 7)...

Answer each question and round to the nearest hundredth...... 6) How much money will you have in 3 years if you deposited $5500 into an account 4 years ago earning simple interest rate of 6.5%? 7) How much interest would you earn if you deposited $3000 at a rate of 5% for 19 years? 8) What is the rate needed to turn $25,000 into $38,000 in 5 years? 9) What would the total interest be if you deposited $10,000 into an account and received 7.2% interest compounded monthly for 7 years? 10) Using the rule of 72, how long would it take to double your money if you were earning an interest rate of 8%? 11) What would the total account value be if you deposited $1,000 into and account that received continuous compounding at a rate of 6.25%? 12) What is the total interest earned if you invested $2,500 and received 4% compounded semiannually for 12 years? 13) What would my total be if I contributed $500 into an account every quarter for 5 years at a rate of 5.5%? 14) The city of New York is raising money to build another tunnel. They are looking to borrow $500 million dollars and pay back the loan in 30 years. They are contributing into an account earning 3% on an annual basis. How much must they contribute to ensure the funds will be there when the bond matures? For questions 15-17: My goal is to save $2 million for retirement. 15) I decided to contribute $100 per week for 20 years into an account earning 10% per year. What would my total be? 16) I then decided to stop contributing into the account and let the account grow at a rate of 5% for another 20 years. What is my new total? 17) What was the shortfall/excess of my savings compared to my goal? 18) If want to purchase a computer for $1199 and you want to pay it off over 2 years. At a 15% interest-what is your monthly payment? 19) Refencing question 18, what is your APR? 20) Complete the table below(8 points; 1 point for each entry): $1,000 credit card bill; 12% APR; $100 is credited to your account on January 10th Previous Adjusted Average P 1000 r 0.12 0.12 0.12 t I=Prt 21) What is the dividend yield of a company that is currently trading at $100 per share and pays $2.00 per share annually? 22) What is the dividend yield of a company that is currently trading at $50 per share and pays $0.75 quarterly? 23) What is the current yield of a bond that has a coupon rate of 3.2% and is currently trading at 1120? 24) What is the current yield of a bond that has a coupon rate of 6% that is currently trading at $875? 25) What is the YTM of a bond that is currently trading at $900 and has a coupon rate of 8% that matures in 10 years? 26) What is the NAV of a fund that has $100 million in assets, $10 million in liabilities and 9 million shares outstanding? 27) What is the NAV of a fund that $50 million in assets, $25 million in liabilities, and 15 million shares outstanding?
Apr 04, 2021
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