The writer is very fast, professional and responded to the review request fast also. Thank you.
I don’t understand,
questions need to us the PV and FV functions in Excel. Should be able to see the formulas in the “bar” at the top of the spreadsheet.
1) If I deposit $11,000 in a bank account that pays interest of 2%, compounded annually, how much will I have in the account after 10 years?
2) If I deposit $11,000 in a bank account that pays simple interest of 2%, how much will I have in the account after 10 years?
3) How would you explain the difference in the answers to the previous two problems, given that both banks pay interest at the same rate? Be specific.
4) If you deposited $775 at 12% interest, what would you end up with at the end of 12 years if it was compounded annually?
5) What would the present value be of $1,000 to be received 8 years from now discounted back at 3%?
6) Craig, who recently sold his Porsche, placed $10,000 in a savings account paying annual compound interest of 6%
a) Calculate the amount of money that will have accrued if he leaves the money in the bank for 1, 5 and 15 years.
b) Calculate the amount of money that will have accrued if the interest rate changed to 7.5% and paid only simple interest for 1, 5 and 15 years.
c) After your calculations did compound or simple interest gain more money in years 1, 5, 15?
7) Nolan Arenado hit 37 homeruns for the Colorado Rockies in 2017. If his homerun output grew at a rate of 12% per year, what would it be over each of the following 5 years?
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more