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Category > Business & Finance Posted 13 Jun 2020 My Price 5.00

FNAN 300 Homework Question

Question 1

 

Dru plans to invest 7,900 dollars in 6 years and 5,800 dollars in 5 year(s).  He expects to earn 4.17 percent per year.  How much money does Dru expect to have in 10 years?

  

Question 2

Steph plans to invest 8,400 dollars in 4 years and X in 3 year(s).  She expects to earn 7.46 percent per year.  What is X if Steph expects to have 26,400 dollars in 9 years?

  

Question 3

Piotr plans to make regular savings contributions of 8,300 dollars per year for 7 years.  His first regular savings contribution is expected in 1 year.  In addition, he plans to make a special savings contribution of 11,800 dollars in 3 years.  Piotr expects to earn 17.65 percent per year.  How much money does Piotr expect to have in 7 years?

Answers

SmartExpert
(118)
Status NEW Posted 13 Jun 2020 01:06 PM My Price 5.00

FNA-----------N 3-----------00 -----------Hom-----------ewo-----------rk -----------Que-----------sti-----------on-----------

Attachments

file 1592056814-FNAN 300 Homework Question.docx preview (308 words )
Q-----------ues-----------tio-----------n 1----------- D-----------ru -----------pla-----------ns -----------to -----------inv-----------est----------- 7,-----------900----------- do-----------lla-----------rs -----------in -----------6 y-----------ear-----------s a-----------nd -----------5,8-----------00 -----------dol-----------lar-----------s i-----------n 5----------- ye-----------ar(-----------s).-----------  -----------He -----------exp-----------ect-----------s t-----------o e-----------arn----------- 4.-----------17 -----------per-----------cen-----------t p-----------er -----------yea-----------r.Â-----------  H-----------ow -----------muc-----------h m-----------one-----------y d-----------oes----------- Dr-----------u e-----------xpe-----------ct -----------to -----------hav-----------e i-----------n 1-----------0 y-----------ear-----------s? ----------- Q-----------ues-----------tio-----------n 2----------- S-----------tep-----------h p-----------lan-----------s t-----------o i-----------nve-----------st -----------8,4-----------00 -----------dol-----------lar-----------s i-----------n 4----------- ye-----------ars----------- an-----------d X----------- in----------- 3 -----------yea-----------r(s-----------).Â-----------  S-----------he -----------exp-----------ect-----------s t-----------o e-----------arn----------- 7.-----------46 -----------per-----------cen-----------t p-----------er -----------yea-----------r.Â-----------  W-----------hat----------- is----------- X -----------if -----------Ste-----------ph -----------exp-----------ect-----------s t-----------o h-----------ave----------- 26-----------,40-----------0 d-----------oll-----------ars----------- in----------- 9 -----------yea-----------rs?----------- -----------Que-----------sti-----------on -----------3 -----------Pio-----------tr -----------pla-----------ns -----------to -----------mak-----------e r-----------egu-----------lar----------- sa-----------vin-----------gs -----------con-----------tri-----------but-----------ion-----------s
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