Q: You deposit $5000 each year into an account earning 3% interest compounded annually. How much will…
A:
Q: You make two annual payments of $2,000 each (the first payment is made one year from today) into a…
A: Number of annual payments (N) = 2 Payment = 2000 Interest rate = 10%
Q: Assume that you want to have $ 4100 saved in a sinking fund in 1 year. The account pays 3%…
A: Future value (FV) = $ 4100 Annual interest rate = 3% Monthly interest rate (r) = 3%/12 = 0.25%…
Q: You are scheduled to receive Rs. 360,000 in two years. When you receive it, you will invest it for…
A: The future value function or concept can be used to determine the future value of a present sum or…
Q: You plan to invest $1,200 at the end of year 1, $2,000 at the end of year 2, and $3,700 at the end…
A: Given data; Amount deposited at the end of year 1 = $1200 Amount deposited at the end of year 2 = $…
Q: b._ You want to have GH¢ 50,000 in your savings account five years from now, and you’re prepared to…
A: Future value of annuity = P * ([1 + I]N - 1 )/I where P is the payment amount. I is equal to the…
Q: You are making $5,000 monthly deposits into a fund that pays interest at rate of 6% compounded…
A: We need to use the concept of time value of money (TVM) to solve the question. According to TVM, the…
Q: Suppose you have $2,100 and plan to purchase a 10-year certificate of deposit (CD) that pays 13.1%…
A: Value when the CD matures = 2100 x (1 + 0.131)^10 = $7191.93
Q: You want to have $50,000 in your savings account 12 years from now, and you’re prepared to make…
A: The annuity refers to the regular payment or receipt that lasts over a period of time. The annuity…
Q: If you deposit $6800 today in an account that pays 5.0% per year, compounded quarterly, how much…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2, $750 at the end of…
A: Here, Interest rate =15% compounded annually To Find: Future value at the end of 5 years =?
Q: You want to have $2,000,000 in your savings account seven years from now, and you're prepared to…
A: Given: Future Value of investment "FV" = $2000000 Number of payments "n" = 7 Interest rate "r" =…
Q: If you desire to have $80,000 for a down payment for a house in 7 years, what amount would you need…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: If you deposit $700 every year for the next 5 years, with first deposit to be made today and all…
A: Amount deposit per year = $700 Time period = 5 Years Interest Rate = 3.76%
Q: You plan to deposit $900 PER YEAR into an account earning 5.25% interest compounded annually. How…
A: Since you posted multiple questions ,we will solve the second page last question for you. if u want…
Q: If you deposit $500 in a savings account that offers3 percent interest, compounded annually, and…
A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…
Q: You invest $10,000 in an account which pays 3% compounded monthly. How much is in the account after…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: You deposit $3000 each year into an account earning 5% interest compounded annually. How much will…
A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…
Q: You deposit $2000 each year into an account earning 3% interest compounded annually. How much will…
A: A deposit annually is rewarded by an interest annually that make a huge amount at the end of…
Q: you deposit $1,000 each year into an account earning 3% interest compounded annually. How much will…
A: Time value Value received today by an individual is of more worth than receiving the exact value in…
Q: You deposit $4000 in an account earning 3% interest compounded monthly. How much will you have in…
A: The amount after 10 years will be the future value of the initial deposit.
Q: You borrow $11,000 and promise to make payments of $3,359.50 at the end of each year for 5 years.…
A: The question gives the following information:
Q: If you have $1,051.75 going into a long term savings account monthly, for 4 years, that pays and APR…
A: Here we can apply the principles, concepts and formula of time value of money to solve the question.…
Q: ou deposit $300 in an account earning 6% interest compounded annually. How much will you have in the…
A: Amount Deposited = $300 Interest Rate(r) =6% Years(N) =10
Q: You deposit $825 today in a savings account that pays 3.5% interest, compounded annually. How much…
A: Future value is the value of current value at a specified interest rate for given period. The…
Q: You put $1,000 into a savings account today that offers a 5% APR with semi-annual compounding (i.e.,…
A: Compound the money invested provides the future value of an investment.
Q: if $204 is deposited in a savings account at the beginning of each year for 12 years and the account…
A: The given problem can be solved using FV function in excel. FV function computes amount balance in…
Q: If P10,000.00 is deposited each year for 9 years, how much annuity can a person get annually from…
A: First we need to calculate future value of annuity for 9 years by using this equation FV of annuity…
Q: How much do you have to deposit at the end of each year if you need $ 2856 in 4 years, assuming k =…
A: The Amount to be deposited each year for 4 years at the end of each year shall be computed as above.
Q: If I lend $40,000 to my friend at 8% per year simple interest, what compound interest rate would…
A: Given: Amount = $40,000 Interest rate = 8% Years = 10
Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…
A: Ordinary Annuity is way of payment where payment happens at the end of each period.
Q: If you deposit $2,000 into an account at the end of each of the next 40 years, at 4.5% interest, how…
A: It can be solved using In excel FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate for the…
Q: If you wish to accumulate $25,000 by the end of 5 years, how much would your annual payment be if…
A: The equivalent annual cost is the periodic payment made towards the acquisition of an asset or…
Q: Find the present value of an annuity of $3000 per year at the end of each of 8 years after being…
A: The formula to calculate present value of deferred annuity is shown below: Here i is interest rate.…
Q: Find the present value of a deferred annuity of P4,800 every six months for 7 years, if the first…
A: Six months payment =4800 Period =7 years =14 semiannual interest rate =5.5% semiannual interest…
Q: please answer with details on how to do it. Thank you. If a one-time amount of $10,000 is invested…
A: Future amount in case of compounding can be calculated as: = Principal * ( 1 + rate) ^ number of…
Q: If you deposit Php6500 into an account paying 8% annual interest compounded monthly, how much money…
A: Present value is the sum of money that must be invested in order to achieve a specific future goal.…
Q: A $500,000 whole life policy is available for $5150 per year, payable at the beginning of the year.…
A: Life policy per year $ 5,150 Insurance amount ($5,150 x 10%) $ 515 Savings plan ($5,150 x 90%) $…
Q: If Ms Chan is thinking of putting RM10,000 into the saving accounts at the end of each year for 10…
A: Annual deposits (PMT) are $10,000. The rate of interest (Rate) is 8%. The maturity (Nper) is 10…
Q: For someone who has $100,000 to save for 20 years, would a 4% Certificate of Deposit that compounds…
A: Certificate Of Deposits A certificate of deposit (CD) is a bank or credit union product that pays a…
Q: If money is worth 9% compounded quarterly, find the amount of an annuity of P2,000 payable every 3…
A: Quarterly payment (Q) = P 2000 r = 9% per annum = 2.25% per quarter n = 10 years = 40 payments We…
Q: You deposit $10,000 in an account that pays 5.85% per year, compounded continuously. Find the future…
A: Annual deposit (A) = $10000 Interest rate (r) = 5.85% n = 6 years
Q: You deposit $3000 each year into an account earning 5% interest compounded annually. How much will…
A: Annuity payments: It refers to the fixed payment made in series or equal time intervals. Example:…
Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…
A: Annual deposit (P) = $ 3000 Annual interest rate(R) = 2% Period (N) = 35 Years
Q: suppose you are offered the following three accounts to invest $10,000 for 20 years: 18% simple…
A: Since only two accounts are offered rather than three accounts. So, the best choice among the two…
Q: Your mother's savings may allow you to withdraw 50 000.00 Php semi-annually for 5 years starting at…
A: The present value is the present worth of the amount that will be paid or received in the future.
Q: Assume that you want to have $ 4450 saved in a sinking fund in 1 year. The account pays 2%…
A: Future value of annuity = P * [ (1+r)^n - 1 ] /r Where, P = Periodic payment r =rate per period…
Q: Assume that you keep RM5,555 in the savings account at Affin Bank with an interest of 15 percent per…
A: Saved amount = RM 5,555 Annual interest rate = 15% Period = 5 Years
Q: If you desire to have $10,000 for a down payment for a house in five years, what amount would you…
A: Calculation of Amount to Deposit Today:The amount to deposit today is $7,835.26.Excel Spreadsheet:
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityHow much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one year and the rate is 10%?If you invest $15,000 today, how much will you have in (for further instructions on future value in Excel, see Appendix C): A. 20 years at 22% B. 12 years at 10% C. 5 years at 14% D. 2 years at 7%
- How much would you invest today in order to receive $30,000 in each of the following (for further Instructions on present value In Excel, see Appendix C): A. 10 years at 9% B. 8 years at 12% C. 14 years at 15% D. 19 years at 18%How much do you have to deposit at the end of each year if you need $ 2856 in 4 years, assuming k = 8%?If I deposit $1k a year into an account for 10 years @ 2%, what is the future value of that account?
- If you invest $10,000 per year at the end of each year for 3 years at an 5.5% rate of return, you will have accumulated: (Keep 2 decimal places)Suppose you deposit $1098 into an account 5 years from today that earns 11%. It will be worth $1774 ____years from today.If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 40 years?$__________(Round to the nearest cent.)
- if you invest $10,000 per year at the end of each year for three years at in 6.7% rate of return you'll have accumulated? keep 2 decimal placesYou invest $10,000 at the end of each 5 years. If i=4%, What is the value of the account at EOY 5? (EOY: End Of Year)You need $24787 in 5 years. If you think you could earn an annual rate of 12.35%, what would be your required annual deposit to meet your goal? Answer: