Unit 3 - Review Questions

Question What is the value, 6 years in the future, of $3,707 invested to earn an annual return of 4.4% ? Enter your answer rounded to the nearest second decimal place. For example, enter $123.456 as $123.46. Flag question: Question 7 Question Imagine that you would like to withdraw $2,511 at the beginning of each year starting today and lasting for the next 8 years. Assuming the funds in the account are invested to generated an annual return of 6.4%, how much would you need to have in the account to fund this stream of payments? Enter your answer rounded to the nearest second decimal place. For example, enter $1,234.567 as 1234.57.

find the final amount in this retirement account, in which the rate of return on the account and the regular contribution change over time  1500$ per quarter invested at 7.9% compound quarterly , for 20 years, then 1000$ per quarter invested at 6.8% compund quarterly for 10 years.    answer is about 620,187$

Problem 06.027 AW of a Permanent Investment How much must you deposit each year into your retirement account starting now and continuing through year 12 If you want to be able to withdraw $75,000 per year forever, beginning 34 years from now? Assume the account earns Interest at 9% per year. The amount to be deposited is determined to be $ 5242.86

which one is correct please confirm? QUESTION 29 If you invest $10,000 in a 4-year certificate of deposit (CD) paying 10 percent interest compounded annually, determine how much the CD will be worth at the end of 4 years.   a. $15,958   b. $45,730   c. $13,600   d. $14,640

QUESTION 1 If you set aside $1000 a year to be deposited into your saving which pays 5.5%, a) how much have you accumulated after 20 years? O a. $42,472.0 Ob. $34,000.00 Oc. $34,925.8 Od. $35,925.6

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If $2500 were invested for 5 years at 10% nominal interest compounded daily, what would be the future amount? Select one: a. $4121.73 b. $6521.73 c. $3121.73 d. $5121.73

If you deposit ​$2 comma 7002,700 today into an account earning an annual rate of return of 1313 ​percent, what will your account be worth in 4040 years​ (assuming no further​ deposits)? In 5050 ​years?         Question content area bottom Part 1 Click on the table icon to view the FVIF​ table: LOADING... .   In 4040 ​years, your account will be worth ​$enter your response here. ​(Round to the nearest​ cent.)

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which one is correct please confirm? QUESTION 36 What is the value in 10 years of $10,000 deposited in an account earning 8% compounded monthly?   a. $102,530   b. $33,004   c. $22,285   d. $21,589

If $650 000 is saved for retirement, what rate of interest, compounded monthly, will provide payments of $3750 every month for the next 25 years? Select one: O a. 14.606797% O b. 0.811327% O c. 4.888702% O d. 4.867963%

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The value of a retirement savings account with an annual contribution of $600 (contributions made at the end of each year, including the last year), and an APR of 5.4% after 40 years is $79,960.27. Find the value of this retirement savings account after 52 years. Round your answer to the nearest cent. OA. $151,304.82 OB. $165,660.72 OC. $160,075.29 OD. $154,695.52 OE. $169,319.35

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Step by step instructions please What is the future value of $11,000 invested for one year at an interest rate of 6% p.a.? a. $17000 b. $5000 c. $11660 d. $10377

If $500 is placed in an account that earns a nominal 6 percent, compounded quarterly, what will it be worth in 10 years?   a. $907 b. $117.48 c. $1,045 d. $980 e. $1,020

W Screenshot (126).png Chapter 26 Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 2 3 4 1 64°F Internal rate of return method The internal rate of return method is used by Royston Construction Co. in analyzing a capital expenditure proposal that involves an investment of $17,946 and annual net cash flows of $6,000 for each of the 5 years of its useful life. 5 6 7 8 9 10 0.943 65°F Windy eBook 0.909 1.736 2.487 3.170 3.791 4.355 0.893 1.690 2.402 3.037 3.605 4.111 3.785 4.868 4.564 4.160 4.968 4.487 4.772 5.019 5.328 5.650 1.833 2.673 3.465 4.212 4.917 5.582 5.335 6.210 6.802 5.759 6.145 7.360 a. Determine a present value factor for an annuity of $1, which can be used in determining the internal rate of return. If required, round your answer to three decimal places. 0.870 1.626 2.283 2.855 ▬ ▬▬ ■ 3.353 0.833 1.528 2.106 Q Search 2 2.589 b. Using the factor determined in part (a) and the present value of an annuity of $1 table above, determine the…

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pls answer and show cash flow diagram  I will invest $500 per quarter for my retirement at 7.3% compounding quarterly for 32 years. I have achoice of making that payment of $500 at the beginning or the end of the quarter (regular annuity orannuity due). In which account will I have more money and by how much? Which account will earn themost interest and by how much?  Ans: Regular Annuity‐ $249981.20, Interest = $185981.20; Annuity Due‐ $254543.36, Interest =$190543.36

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Suppose you have $5,000 to invest for the next 40 years. You are given 3 choices on where to invest your money. Account #1 12.20% compounded weekly Account #2 12.18% compounded daily 12.16% compounded continuously Account #3 Calculate the APR (assume P-$100, t=1 year) for each account. Round to 2 decimal places, in percent form. APR Account #1 % Account #2 % Account #3 % SHOW WORK BELOW: Based on your calculations, which account will you invest your $5,000? Why? How much money will you have after 40 years in the account that you have chosen? How much in total interest will you gain? In other words, from $5,000, by how much did your money increase?

Time Value of Money: BasicsUsing the equations and tables in Appendix 12A of this chapter, determine the answers to each of the following independent situations: Round all answers to the nearest whole number. a. The future value in two years of $11,500 invested today in a certificate of deposit with interest compounded annually at 10 percent.   $Answer  b. The present value of $13,000 to be received in five years, discounted at 8 percent.   $Answer c. The present value of an annuity of $26,500 per year for four years discounted at 12 percent.   $Answer d. An initial investment of $48,220 is to be returned in six equal annual payments. Determine the amount of each payment if the interest rate is 16 percent.  $Answer e. A proposed investment will provide cash flows of $13,000, $16,000 and $14,000 at the end of Years 1, 2, and 3, respectively. Using a discount rate of 16 percent, determine the present value of these cash flows.    Present Value Year 1 Answer Year 2 Answer Year…

At the end of two years, what will be the balance in a savings account paying 6% annually if $10,000 is deposited today? The future value of one at 6% for one period is 1.06. a. $10,000 b. $10,600 c. $11,200 d. $11,236

New Exercise Bank Content Qu. 06-19 Al Ferris has $60,000 that he wishes to invest now in order to use the accumulation for purchasing a retirement annuity in five years. After consulting with his financial advisor, he has been offered four types of fixed-income investments, which we will label as investments A, B, C, and D. Investments A and B are available at the beginning of each of the next five years (call thêm years 1 to 5). Each dollar invested in A at the beginning of a year returns $1.40 (a profit of $0.40) two years later (in time for immediate reinvestment). Each dollar invested in B at the beginning of a year returns $1.70 three years later. Investments C and D will each be available at one time in the future. Each dollar invested in C at the beginning of year 2 returns $1.90 at the end of year 5. Each dollar invested in D at the beginning of year 5 returns $1.30 at the end of year 5. Click here for the Excel Data File Formulate and solve a linear programming model for this…

What is the balance in an investment account at the end of 5 years if $3,000 is deposited today and the account earns 4.00 % interest? O $3,781 O $3,929 O$ 3,650 O $3,933

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K Find the amount of each payment into a sinking fund if $14,000 must be accumulated Payments are made at the end of each quarter for 3 years, with interest of 6% compounded quarterly Round to the nearest cent Click here to view part 1 of the Sinking Fund table. Click here to view part 2 of the Sinking Fund table. OA. $829.92 OB. $4,597 32 OC. $1,180.06 OD. $1,073.52