business math

posted by .

stocks in the health industry depreciated by 5.7% in the first eight months of 1993. Assuming that this trend were to continue, how much would a $70,000 investment be worth in 8 years? (Hint: 8 years corresponds to 12 eight-month periods. Round your answer to the nearest cent.)
$ 1

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Algebra

    Greta invests $10,000 in an investment that pays 3% interest, compounded annually, for the first three years, then 9% interest, compounded annually, for the last three years. Rui invests $10,000 in an investment that pays r% for all …
  2. math

    The Investment Problem. Suppose that Rod invests $1,000 at 6% compounded daily and Sheila invests $1,000 at 7% (per year) simple interest. In how many years will Rod’s investment be worth more than Sheila’s investment?
  3. business math

    If Naomi decides that she will invest $3,000 per year in a 6% annuity for the first ten years, $6,000 for the next ten years, and $9,000 for the next ten years, how much will she accumulate?
  4. Finance

    If an investment of $5,000 today earns 5% in each of the next five years, and then earns 7% per year for five years after that, how much will the investment be worth at the end of the ten years?
  5. Trigonometry

    The value V, of a $100,000 investment that earns 3% annual interest is given by V=f(t) where t is in years. How much is the investment worth in 3 years
  6. Math with business apps

    How much should be invested at 6% compounded monthly so that the investment will be worth $20,000 in six years?
  7. business finance

    Your client is 40 years old, and she wants to begin saving for retirement, with the first payment to come one year from now. She can save RM5,000 per year, and you advise her to invest it in the stock market, which you expect to provide …
  8. Finance

    Mr Joe is trying to plan for retirement in 10 years, and currently he has RM150,000 in a saving account and RM250,000 in common stocks. In addition, Mr Joe plans to add to his savings by depositing RM8,000 per year at the end of each …
  9. Math w/business apps

    How much should be invested at 6% compounded monthly so that the investment will be worth $20,000 in six years?
  10. math

    How much money should be invested now (rounded to the nearest cent), called the initial investment, in a Treasury Bond investment that yields 4.75% per year, compounded monthly for 10 years, if you wish it to be worth $20,000 after …

More Similar Questions