Purchase Solution

What is the future value of $15,000 if it is invested at 7.5% for a period of 13 years annually?

Not what you're looking for?

Ask Custom Question

I am lost on the formulas for this question. I do not understand with the ^n stands for in the formula.

What is the future value of $15,000 if it is invested at 7.5% for a period of 13 years annually?

What is the future value of $20,000 if it is invested at 6.5% for a period of 9 years quarterly?

What is the present value of $100,000 received in 15 years if the current opportunity rate of return is 9% annually?

Purchase this Solution
Solution Summary

You will find the answer to this puzzling assignment inside...

Purchase this Solution
Free BrainMass Quizzes
Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

View More Free Quizzes
Related BrainMass Solutions

  • 10 Business Finance Questions

    Assuming annual compounding, what is the future value of $15,000 if it is invested at 7.5% for a period of 13 years? 5.

  • Growing Investment Amounts

    During the period that I held the investment it paid income of $2,000 for 3 years. What is my investment yield for the 4 years she held the investment? Please see attachment. 1.

  • Prepare a Cash Budget for The Sharpe Corporation

    10% Future Value $12,968.71 b. $8,000 invested for 7 years at 8 percent compounded annually Amount 8,000 Period 7 years Rate 8% Future Value $13,710.59 c. $775 invested for 12 years at 12 percent compounded annually Amount

  • Compound Interest

    a. $4,000 invested for 11 years at 9 percent compounded annually FV = PV(1 + r)n where PV is the present value FV is the future value r is the discount rate n is the period FV = 4,000(1 + 0.09)11 FV = 10,321.71 b. $8,000 invested for

  • Present Values

    59253 Present Value How much would you have to invest today to receive: a. $15,000 in 8 years at 10 percent? b. $20,000 in 12 years at 13 percent? c. $6,000 each year for 10 years at 9 percent? d.

  • Annuities, FV, PV, years, interest rate, loans, mortgages

    418794 14 multiple choice questions: Annuities, FV, PV, years, interest rate, loans, mortgages, down, payment 1. Future Value. What is the future value of a. $773 invested for 14 years at 11 percent compounded annually?

  • Time Value of Money Concepts

    Over a 13 year time period, your $3,000 investment in gold coins has increased in value to $15,000. What effective annual rate of return have you earned on your investment in gold? What is your holding period return on this investment? 11.

  • Financial Management Appropriate Returns

    You own a bond that has a par value of $1,000 and matures in 5 years. It pays a 9 percent annual coupon rate. The bond currently sells for $1,200. What is the bond's expected rate of return? 5.

  • interest rate, compound amount and loans

    invested at 6% compounded annually, which is larger, $10,000 now or $15,000 in 6 years?

View More Related Solutions