HW6 solution

PV = FV * 1 / (1+i)^n      FV = PV * (1+i)^n                                                                                                                                                                                                           If you wish to have $60,000 in 8 years, how much do you need to deposit in the bank today if the account pays an interest rate of 9%?

Find the interest paid on a loan of $2,700, for three years at a simple interest rate of 12% per year. What is the interest on the loan?

Find the interest paid on a loan of $2,600 for three years at a simple interest rate of 10% per year. .... The interest on the loan is $ st Help Me Solve This Calculator Get More Help - Cle JDecimals & Percents.6 J Decimals & Percents-7 / Decimals & Percents-8 ype here to search DELL prt sc F10 F2 F3 F4 F5 F6 F7 FB F9 %23 %24 & 4. 7. R. * CO 5

You plan to deposit $700 in a bank account now and $200 at the end of one year. If the account earns 3% interest per year, what will the balance be in the account right after you make the second deposit? There will be $ in the account right after the second deposit. (Type an integer or a decimal.) w an example .... Get more help. Save Clear all In

Suppose you want to have $800,000 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? Question Help: DVideo Message instructor Submit Question MacBook Air 吕口 F2 F3 F4 F5 F6 F7 F8 @ #3 $ & * 2 3 4 5 7 8. 9 W E R Y S D F G K N I M

10

would you mind helping me here please?

Nelto deposits $2,500 in a bank account that pays 3% interest compounded quarterly. Two years later, how much do they have in their bank account? C 1 t=0 n Cash Flow Diagram ….....…... Time Value of Money (TVM) Framework PV PMT FV type How to compute using Excel? -function( rate, nper, pmt, [PV]. [type]) n CPT

Abm (business math questions) can you help me?

Give typing answer with explanation and conclusion

Find the interest earned on $5,750 deposited into a savings account for 3 1/2 years at an annual interest rate of 4 1/2% a. What formula should be used? b. What are you trying to find and what variable does it represent in the formula? c. Solve the problem showing all of your work (must show all steps!!) d. Interpet your answer using a complete sentence You may use the box below to upoload a picture of your written explanation or type it out in the box. Use the "mountain" button to add pictures.

Need D and C please use IT-84 calculator  what is  N = I%= PV= PMT=FV= What are we solving for? Thank you

Financial Math hi could you please kindly explain to me generrously all your steps without skipping any , preferably a HANDWRITTEN notes.. Thanks A saving account earns compound interest at an annual effective interest rate i. Given that d12,41 = 0.08, Find i1.5)- Answer: 0.0897

Future Value - single sums If you deposit $100 in an account earning 6%, how much would you have in the account after 1 year? PV = -100 FV = 106 1 Mathematical Solution: FV = PV (FVIF) i,n FV = 100 (FVIF ) (use FVIF table, or) .06, 1 FV = PV (1 + i)" FV = 100 (1.06) %3D = $106 Page

ques 20

4. How much should you deposit in an account so that you can withdraw $5300 every year for the next 18 years. Interest rate is 6%. Please do not use excel. Also, include cashflow diagram if possible.

5. You decide to invest $100 into a savings account with an interest rate of 2% annually in2015. The amount of money in your savings account in a given year can be modeled by the following function.   P(t)=100(10)^.009   a. Evaluate P(0) and explain what it means in this context.   b. Approximately how many years will it take for the amount of money in your bank account to reach $120?   c. What year will you have $120 in your savings account?

Provide a complete solution and answer for the given problem in the attached image.

solve it correctly and not use excel.

Would you rather have a savings account that pays 5 percent interest compounded semiannually or one that pays 5 percent interest compounded daily? Explain. (LO 4-5)   Only use the equations in the picture please!!!!!!!

(a) A bank account pays 5.5% annual interest, compounded monthly. How long will it take the money to double in this account? (b) An investment offers to double your money in 5 years, what the APR are you being offered

Question Help ▼ You plan to deposit $800 in a bank account now and $500 at the end of the year. If the account earns 3% interest per year, what will be the balance in the account right after you make the second deposit? The balance in the account right after you make the second deposit will be $ (Round to the nearest dollar.) Enter your answer in the answer box.

How much money should you deposit in your account now if you are looking to have $7000 after 5 years. The bank pays 7% interest rate per year? Select one: O a. P= $6990.90 O b. P= $9990.90 O c. P= $4990.90 O d. P= $3374.48

Exercise (1.77) You deposit an amount X into an account at time 0 and 2X into the same account at time 3. The account balance at time 5 is 5,000. If the account has earned a 4% annual effective rate, what is the value of X? Answer: 1,479.35

mni.4

What will a deposit of $5500 at 7.8% compounded monthly be worth if left in the bank for 5 years? Use the TMV calculator to fill in the table. N 60 I% 7.8 PV   PMT 0 FV   P/Y   C/Y

Pls solve this question correctly instantly in 5 min i will give u 3 like for sure