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inheritance as a down payment on your house.

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You are hoping to buy a house in the future and recently received an inheritance of ​$16000. You intend to use your inheritance as a down payment on your house. (I have already answered a and b they are correct) Need help with c and d. thank you.

a. If you put your inheritance in an account that earns 8 percent interest compounded​ annually, how many years will it be before your inheritance grows to ​$34000​? 9.79 years

b. If you let your money grow for 10.5 years at 8 percent​, how much will you​ have? $35897.93

c. How long will it take your money to grow to ​$34000 if you move it into an account that pays 4 percent compounded​ annually? How long will it take your money to grow to ​$34000 if you move it into an account that pays 13 percent​? (my answer was 16.7 but it was wrong)

How long will it take your money to grow to ​$34000 if you move it into an account that pays 4 percent compounded​ annually? _______years(Round to one decimal place)

d. What does all this tell you about the relationship among interest​ rates, time, and future​ sums?

 
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invest

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To what amount will $4,800 invested for 9 years at 11 percent compounded annually​ accumulate?

$4,800 invested for 9 years at 11 percent compounded annually will accumulate to $______. ​ (Round to the nearest​ cent.)

 
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Final Project Milestone

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4-2 Final Project Milestone Two: Quality, Process, and Location Analysis

 
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project

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A company is considering delaying a project with after-tax cash flows of $25 million but that costs $300 million to take on (the life of the project is 20 years, and the cost of capital is 16%). A simulation of the cash flows leads you to conclude that the standard deviation in the present value of cash inflows is 20%. If you can acquire the rights to the project for the next 10 years, what is the value of the rights? (The six-month T-bill rate is 8%, the 10-year bond rate is 12%, and the 20-year bond rate is 14%.)

 
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