Suppose you need to hand $52,569 in an account 25 years from today and that account pays 6%. How much do you have to deposit into the account 1 years from today ?
Q: suppose you want to have $700,000 for your retirement in 35 years. your account earns 8% How much…
A: Annuity- refers to a series of periodic payments made at equal time intervals. This financial…
Q: You wish to save $30,000 by making $1000 deposits at the end of each month. If the bank pays 4%…
A: Dear student, we need to use NPER and FV formulas in excel to solved this problem.
Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 9% interest. a)…
A: Present value is the sum of the current value of money of future cash flows. It is also known as a…
Q: If you want to have $5600 at the end of 9 years, how much money you need to deposit today into an…
A: If you want to have $5600 at the end of 9 years, the money you need to deposit today into an account…
Q: Suppose you want to have $500,000 for retirement in 25 years. Your account earns 6% interest. How…
A: The future value of an annuity is the future worth of a series of cash flows at a certain rate of…
Q: Suppose you deposited $1,000 in a credit union account that pays 7% with dailycompounding and a…
A: Excel Spreadsheet:
Q: . Suppose you have a bank account into which you make $100 deposits each month. You find a bank…
A: Periodic Payment = $100 Future Value = $2,000 Time Period = 15 Months
Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 6% interest. How…
A: Using excel PMT function = PMT(rate,nper,pv,fv)
Q: uppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest. How…
A: The monthly deposit is also called the annuity in which the equal amount has been paid until the…
Q: You deposit $1,800 into a 9% account today. At the end of two years, you will deposit another…
A: Deposit now = $ 1800 Interest rate = 9% Deposit 2 years from now = $ 3000 Purchase 5 years from now…
Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest…
A: The amount that need to be deposited can be calculated using the formula of future value of annuity.…
Q: Suppose you want to have $400,000 for retirement in 30 years. Your account earns 5% interest. How…
A: Computation as follows: Hence, each month deposit will be $480.62.
Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…
A: formula to be used = Future value=PMT(1+r/n)n*t-1)/r/n PMT= Monthly payment R= interest rate N=…
Q: Suppose you invest $140 a month for 3 years into an account earning 8% compounded monthly. After 3…
A: Future value of ordinary annuity(cash flow due at the end of year) can be calculated by using this…
Q: Suppose you want to have $700,000 for retirement in 25years. Your account earns 9% interest. a) How…
A: In this we need to calculate the future value factor monthly and than calculate the monthly payment…
Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 4% interest. a) How…
A: The Future Value of the annuity is the total value of all the payments which is occurred regularly…
Q: How many years will it take to reach your goal?
A: Year Opening Balance ($) Interest % Interest Amount ($) Additional Deposit ($) Balance at year end…
Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 4% interest. How…
A: The future value of the annuity is the total value of all the payments which is occurred regularly…
Q: how much money must you put in a savings account today?
A: PV is the money value in today’s terms which is to be received at some future date whereas FV is the…
Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 4% interest. How…
A: Using excel PMT function
Q: Suppose you deposit $22.000 in an account today that pays 6% interest, compounded annually. How long…
A: Information Provided: Initial deposit = $22,000 Future value = $76,000 Interest rate = 6% compounded…
Q: Suppose you decide to deposit $11,000 in a savings account that pays a nominal rate of 6%, but…
A: The interest rate that did not take inflation, any fees on the loans, and compounding of the…
Q: Suppose you want to have $500,000 for retirement in 20 years. Your account earns 8% interest. How…
A: Future value of each month payment (FV) = $500,000 Number of years to retirement = 20 Number of…
Q: Suppose you have decided to put $200 at the end of every month in a savings account that credits…
A: Future value of annuities includes the amount being deposited and amount of compounding interest…
Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 7% interest. a) How…
A: Monthly payment refers to the periodic payment. These payments are made upto a fixed period or as…
Q: Suppose you want to have $500,000 for retirement in 25 years. Your account earns 9% interest. a) How…
A: An annuity is a series of equal payments made at regular intervals. It accumulates interest on a…
Q: What is the amount a person would need to deposit today to be able to withdraw $6,000 each year for…
A: Present value (PV) is the current value of future money or cash flows at a specified rate of return.…
Q: You will need $46000 for a down payment on a house in 9 years. How much should you deposit in a…
A: Present value refers to the current worth of the amount that is expected to be received in future…
Q: You would like to have $650,000 when you retire in 40 years. How much should you invest each quarter…
A: a. GIVEN, future value (FVA) = $650,000 n = 40 m =4 rate of interest (r) = 3.6% applying the formula…
Q: Suppose you invest $120 a month for 5 years into an account earning 9% compounded monthly. After 5…
A: Computation:
Q: You deposit $500 each month into an account earning 3% interest compounded monthly. Round to the…
A: We need to use future value of annuity formula to calculate money in account after 25 years Future…
Q: If you deposit $7,000 in a bank account that pays 9% interest annually, how much will be in your…
A: Future value is the expected value of annual deposit to be made at specified interest rate. Given:…
Q: Suppose you deposit $1,000 today in an account that pays 5% interest at the end of each year. If…
A: Here, Deposit Amount is $1,000 Interest Rate is 5%
Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. How…
A: Future Value $ 6,00,000.00 Time Period 25 Interest Rate 10%
Q: 2) You wish to save $150,000 for a new car. You are going to make $5000 deposits at the end of each…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 8% interest. a) How…
A: The amount to be invested each month will be compounded and will form a corpus und at the end of the…
Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…
A: Present Value is the today's value of a future amount at a given interest rate for a specified time…
Q: If you want to have $60,000 in 8 years, how much do you need to deposit in the bank today if the…
A: Here. Required Amount in 8 Years (FV) is$60,000 Interest Rate (r) is 9% Time Period is 8 years
Q: You deposit $200 each month into an account earning 8% interest compounded monthly. Round to the…
A: Answer b) Total amount put by us in account: = Amount monthly invested * 12 * number of years =…
Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 6% interest. How…
A: Solution:- When an equal amount is deposited each period, it is called annuity. Future value of…
Q: Suppose you decide to deposit $18,000 in a savings account that pays a nominal rate of 6%, but…
A: In order to take investment decisions, the investor will look forward for evaluation. The evaluation…
Q: How much money should be deposited today in an account that earns 5.5% compounded monthly so that it…
A: Amount after 3 years = $12,000 Interest Rate= 5.5% per annum Interest rate monthly = 5.5/12=…
Q: You want to be able to withdraw $45,000 each year for 25 years. Your account earns 10% interest. a)…
A: Annual withdraw each year(P) = $45,000 Interest Rate(r) =10% Years(n) = 25
Q: Suppose you invest $140 a month for 6 years into an account earning 7% compounded monthly. After 6…
A: Compounding can able to increases earnings generated from an asset by reinvesting it to achieve…
Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 5% interest.a) How…
A: The question given is related to the annuity payouts, which refers to a series of payments paid over…
Q: Suppose you want to have $700,000 for retirement in 20 years. Your account earns 10% interest. How…
A: Future value (FV) = $ 700,000 Period = 20 Years Number of monthly payments (n) = 20*12 = 240…
Q: You want $800,000 for retirement in 35 years your account earns 9% How much would you need to…
A: The question gives the following information:
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- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.
- You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.Suppose you deposit $1,500.00 into and account 7.00 years from today into an account that earns 14.00%. How much will the account be worth 14.00 years from today?if you deposit $17,000 in the bank today, you will be able to withdraw $24,000 from the account in six years. what is the implied rate that the back is paying?
- Suppose you currently have $4,800 in your savings account, and your bank pays interest at a rate of 0.47% per month. If you make no further deposits or withdrawals, how much will you have in the account in 6 years? In 6 years' time, you will have $________ in the account.Suppose you need to have $57,942.00 in an account 25.00 years from today and that the account pays 11.00%. How much do you have to deposit into the account 5.00 years from today? Suppose you deposit $1,101.00 into an account 7.00 years from today. Exactly 15.00 years from today the account is worth $1,466.00. What was the account's interest rate? Suppose you deposit $1,093.00 into an account 7.00 years from today that earns 12.00%. It will be worth $1,613.00 _____ years from today. Assume the real rate of interest is 2.00% and the inflation rate is 4.00%. What is the value today of receiving 10,528.00 in 15.00 years?If you deposit money today in an account that pays 4%annually interest. How long will it take to double your money?
- Suppose you want to have $500,000 for retirement in 25 years. Your account earns 9% interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?Suppose you want to have $500,000 for retirement in 25 years. Your account earns 9% interest.a) How much would you need to deposit in the account each month?b) How much interest will you earn?If you would like to make $1818 in 3 years, how much would you have to deposit in an account that pays simple interest of 1%?
