A man wishes to have P2,000,000 20 years from now. If the interest rate is at 8% compounded annually, how much must he set aside at end of each year for 10 years starting 1 year from now?

Q: If you have $5500 to invest now, and will need a total of $25,000 -- 10 years from now, determine…

A: Present Value  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: What is the present value of $1,000 paid at the end of each of the next 56 years if the interest…

A: Present value is the current worth of the amount deposited or received in future date.

Q: How much should be invested each year for 10 years to provide you with $7000 per year for the next…

A: Annuity means no. of payments which are equal in size and made at equal length of intervals. Person…

Q: Suppose you invest $3,500 today, compounded monthly, with an annual interest rate of 8.50%. What…

A: When the interest rate compounds monthly, the monthly interest rate should be considered i.e.…

Q: If you invested $300 monthly at 6.5% APR compounded monthly, how much money do you have available…

A: Monthly investment (P) = $ 300 Annual interest rate = 6.5% Monthly interest rate (R) = 6.5%/12 =…

Q: Tommy John is going to receive $1,000,000 in three years. The current market rate of interest is…

A:

Q: What is the present equivalent of $18,000 to be received in 15 years when the interest rate is 7%…

A: The Present Value of an investment is the present worth of a future amount to be received at a…

Q: If you have $4500 to invest now, and will need a total of $25,000 -- 10 years from now, determine…

A: Amount available now (PV) = $4500 Period = 10 Years Monthly period (n) = 10*12 = 120 Interest rate =…

Q: If the current rate of interest is 6% APR, what is the future value of an investment that pays…

A: Interest rate = 6% Payment every two years = AED 15,000 Future value period = 20 Years

Q: At what rate must $300 be compounded annually to grow to $600 in 10 years? At what annual interest…

A: we use rate function in excel to find out interest rate for every year and quarter for amount 300 to…

Q: If interest is compounded at 6.5% per year, how long will it take for $50,000 to accumulate to…

A: Present value = $50,000   Future value = $88,600 Interest rate = 6.5% Let time taken = n years

Q: What amount will be paid at the beginning of every month for 10 years if the present value is 200,…

A: Payment at the beginning of every month = PV x r / [{1 - (1 + r)^(-n)} x (1 + r)] Here, PV = Present…

Q: How much money will be in an account for 10 years from today if 20,000 is deposited today at a rate…

A: Following details are given in the question: Present value (Investment today) = $20000 Time period =…

Q: If interest is compounded semi-annually (twice a year), and the interest rate is 3% per 6 month…

A: Present value is the current value of a specified amount you will received in a future date,…

Q: How much will I have 8 years from now, if I will invest $10398 at the end of each three months for…

A: The future value of the annuity is the total value of all the payments which is occurred regularly…

Q: Suppose you were to receive $1,000 at the end of 10 years. If your opportunity rate is 10 percent,…

A: given, FV = $1000 N=10 R=10%

Q: I would like to have $50,000 after retirement in 20 years 8 months from now. How much should I…

A: Present Value(PV) is value of a future amount at current point of time. It is done by discounting…

Q: If you invest 5000 dollars today at a compound interest rate of 10% compounded semi-annually, what…

A: Future value = Present value * (1 + rate per period )^ No. of period

Q: You want to save an amount of P100,000 at the end of 10 years. You are given 8% interest compounded…

A: Solved using Financial Calculator  FV = 100,000 I/Y = 8/4% = 2% per quarter compound N= 10 *4 = 40…

Q: If you invest OMR 100 at 4% for three years, how much would you have at the end of three years…

A: To calculate the future value of present investment we use the formula, Future value= Present…

Q: if a person begins saving money by depositing $4000 per year (Annually ) at an interest rate 10% per…

A: Given information: Annual deposits : $4000 Interest rate : 5% Time period : 5 years

Q: Suppose you invest $25500 for 12 years paying 2.25% annual interest. How much will you have at the…

A: The future value is the amount that will be received at the end of a certain period. The future…

Q: 1. At a certain interest rate compounded semi- annually, P5,000 will amount to P20,000 after 10…

A: Since you have posted multiple questions we will answer the first question for you as per the…

Q: assume that you pay 10000 on a yearly basis for 10 years, how much will pay after ten years if the…

A: Given:Amount paid on yearly basis=10000Time period=10yearsInterest rate=5% compounded yearly

Q: How much do you need to invest in equal amounts for the next 10 years if you want to withdraw P5000…

A: Future value is computed by compounding the present value. Future value of annuity is computed by…

Q: If you invest OMR 100 at 9% for three years, how much would you have at the end of three years using…

A: Compound interest is interest  on interest.  It is unlike of simple…

Q: What is the maximum amount you should pay today for an investment that pays a single future cash…

A: Future cash flow (FV) = $25000 Interest rate = 2% Semi annual interest rate (r) = 2%/2 = 1% Period =…

Q: Suppose you invest $1000 at 6% per annum compounded annually. Approximately how many years would it…

A: In the given question we require to calculate the the number of years in which $1000 will become…

Q: Leonard's current annual salary is $55,000. Ten years from now, how much will he need to earn to…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: If you invest 1000.00 per year for 3 years starting 1 year from now and 1500.00 per year for 5years…

A: It can be calculated using FV (Future Value) formula in excel FV (rate, nper, pmt, [Pv], [type])…

Q: If you deposited $10,000 each year for 10 years and the interest rate is 5.00%, what is the value at…

A: INFORMATION: RATE 5% YEARS 10 PMT (MONTHLY DEPOSIT) 10000 PRESENT VALUE $0

Q: What is the future value in 10 years of 1500 payments received at the end of each year for tge next…

A: In the given question, 1,500 will be received (invested) at the end of each year for next 10 years.…

Q: If money is worth 10% yearly, compounded quarterly, what monthly savings is required monthly in…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: What is the present value of $2,000 paid at the end of each of the next 88 years if the…

A: Annual payment (P) = $ 2000 Number of annual payments (n)  = 88 Interest rate (r) = 8%

Q: You expect to receive $50,000 from your superannuation in 3 years from today. If the interest rate…

A: Please refer to the image below

Q: (a)Suppose you expect to receive GH¢ 2,000 per year for the next 22 years except that you will not…

A: The current value of the cash flow or stream of cash flow after discounting is termed as the PV…

Q: What is the future worth of P8500 deposited every 3 months for 3 years if the interest is 10%…

A: Quarterly deposit (P) = P8500 Interest rate = 10% Quarterly interest rate (r) =…

Q: a. You need $17,000 in five years but you only have $12,000 now. At what interest rate must you…

A: As per guidelines, I am supposed to answer 1 question at a time. As the question is not specifically…

Q: How much must a person save monthly at an interest of 7.3% to buy a $15,000 car in five years?…

A: given, Loan amount is $15000 Nominal rate is 7.3% Inflation rate is 6%

Q: What sum must be deposited today at 18 percent per year compounded monthly if the goal 5 years from…

A: Time value of money is one widely used by the management to evaluate the project and to determine…

Q: Tommy John is going to receive 1,000,000 in three years. The current market rate of interest is 10%.…

A: Introduction:- The following basic information as follows under:- Future value = $1,000,000 Time (n)…

Q: If you deposit $5,000 4 years from today, how much will you be able to withdraw 10 years from today…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: How much money would you have to deposit for five consecutive years starting one year from now if…

A: Future value (FV) = P 50,000 Interest rate (r) = 14% Number of annual deposit (n) = 5 Period after…

Q: What would you pay for an investment that pays you $31000 at the end of each year for the next…

A: Note: Amount paid for the investment will be equal to the present value of amount to be received in…

Q: You borrow $150,000 with a 20-year term at a9.3% (APR) variable rate and the interest rate can…

A: A mortgage is a debt instrument, secured by the collateral of specified real estate property, that…

Q: What is the present value of $10,000 to be received 10 years from now if the interest rateis 5…

A: Compound interest to interest charged on amount which is sum of principal and interest of previous…