Midterm_1_2021

solve using the appropriate formulas show full workings and find the answer. DONT USE EXCEL TO SOLVE ANYTHING ONLY USE RELEVANT FORMULAS TO SOLVE AND SHOW ALL WORKINGS 5. You have $33,556.25 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $220,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal?

Suppose you want to have $700,000 for retirement in 20 years. Your account earns 7% interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn? S Question Help: Video Submit Question Q Search hp H

You invest $9000 in an account that pays simple interest of 2% for 13 years. What is the interest you will have at the end of the indicated period?

Suppose you want to have $600,000 for retirement in 25 years. Your account earns 4% interest. How muc would you need to deposit in the account each month? Submit Question /course/showcalendar.php?cid=179278 Search

generate answers in 2 steps with an explanation in each step and each step by step  and make some good headings, explanations, and final solutions also

Please provide the steps to solving this problem using a financial calculator: You just opened a brokerage account, depositing $3,500. You expect the account to earn an interest rate of 9.652%. You also plan on depositing $4,500 at the end of years 5 through 10. What will be the value of the account at the end of 20 years, assuming you earn your expected rate of return?

please solve it as soon as possible

Suppose you want to have $500,000 for retirement in 30 years. Your account earns 9% interest. How much would you need to deposit in the account each month? Submit Question H Q Search

How much would you need to deposit in an account each month in order to have $20,000 in the account in 9 years? Assume the account earns 6% interest. Submit Question .com/course/showcalendar.php?cid=179278 Q Search

Click and you will see it clearly, please help

Click into it and you will be able to see it clearly, please help

You want to be able to withdraw $30,000 from your account each year for 30 years after you retire. You expect to retire in 20 years. If your account earns 8% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? Question Help: DVideo 1 D Video 2 Submit Question

Suppose you open a credit card account and charge $150 to the account on the first of each month to pay for your cable and Internet subscription. You plan to pay just the minimum payment each month for the first 6 months (until your summer job starts). The APR is 18.99% and the minimum payment is 6.5% of the balance. Use Excel to fill in the values in the table below and answer the questions that follow. Month — 23 5 6 1 4 7 Starting Balance $0 New Purchases $150 $150 $150 $150 $150 $150 XXX Balance + Purchases $150 XXX Finance New Charge Balance XXX Express your answers rounded to the nearest cent. (a) What is the starting balance at the beginning of the 7th month? $ (b) What is the starting balance at the beginning of the 4th month? $ (c) Your total finance charge is what percent of your total payments? XXX Minimum Payment XXX

JUVE ANG Your company has received a $50,000 loan from an industrial finance company. The annual payments are $6,202.70. If the company is paying interest of .09 per year, how many loan payments must the company make? (Hint: Calculating by hand is difficult, try using a calculator/excel/etc.) Instruction: Round to the nearest whole number. E.g., if your answer is 77.77, you should type ONLY the number 78, neither 77.77, nor 77.8. Otherwise, Blackboard will treat it as a wrong answer.

What is the excel function and formula for this question?   Off-The-Books Investment Firm, LLC, has offered you an investment it says will return to you $20,000 in 2 years. To get in, you'll need to make a $10,000 deposit to their receivables account and promise not to tell anyone about it. What is the annual return on this investment?

solve the following showing all workings in microsoft word   It is now January 1, 2018 you plan to make deposits of $500 each, one every 6 months, with the first  payment being made today . if the bank pays a nominal interest rate of 12% but uses semi annual compounding, how much will be in your account  after 10 years? Billy Dilly started working with bns  as a sales rep and is tyring to catch up on having money for retirement. bns offers him a pension plan with an annuity thst is guaranteed to earn 7% interest compounded semi annually he paln to work for 10 years before retiring  and would like to draw an income of $90'000 per annum for 15 years. how much must be deposited per annum into his retirement fund to accomplish this

Your business finance course has motivated you to begin investing for retirement in your company's 401K plan. Your first $370 monthly investment will be made one month from today and you plan to retire 43 years from today. How much more will you have to invest each month, if you wait for 15 years before starting to invest to end up with the same amount of money at retirement? Assume a rate of return of 0.60 percent per month for your investments. Group of answer choices $1,196.80 $902.79 $826.81 $527.88 $611.34

The website is: http://www.moneychimp.com/calculator/calculator.htm

Subject: algebra

How in the world do I solve this one with my HP 10bll calculator? Do I use IRR/YR? What do I use? I feel like I am missing information

Could you please do this question with step by step working?