awn invests $2000 each year of 10 consecutive years, starting at age 25. Assume an 8% annual rate of return with annual compounding. After age 35 she no longer adds to the account, but the money continues to compound. What was Dawn's out of pocket amount? How much will Dawn have accumulated by age 65?

Q: Mary Kate and Ashley discover they have $40,000 from their Full House days that they haven't used.…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: Suppose Emily invests $2000 at the end of each quarter in an account with nominal interest rate 4%,…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Twenty years ahead of her retirement, Kelly opened a savings account that earns 5% interest rate…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

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A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: Tara invests $3000 today and another $1,500 a year from now until 5 years. She also increases her…

A: Investment Now(Yo)  = $ 3000 For 10years Investment in Y1 = $ 1500 for 9 years Investment in Y2 = $…

Q: Crystal Nelson is 30 years old and she invests $3,300 in an annuity, earning a 8% compound annual…

A: PV = 0 N = 21 rate = 8% PMT = 3300 use FV function in Excel with type as 1

Q: Suppose Kay inherits $250,000, which she invests today at a rate of return of 9 percent compounded…

A: Future value of any investment is the total of compounded value of the investments made initially…

Q: Mr. Smith has saved $8,000 each year for 10 years. Two years after the saving period ended, Mr.…

A: Final withdrawal will be sum of future value of savings at the final year less sum of future value…

Q: Joshua is saving up to buy a house. He invested $10000 at 3.5% per year, compounded quarterly. He…

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

Q: Shayla deposited $4,000 into an account earning 5% interest per year, compounded every 6 months.…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: Kershaw wishes to accumulate $2 million by the end of 40 years by making equal annual end-of-year…

A: The Future Value of the annuity refers to the sum value of all the payments which is occurred…

Q: Kate invested $1,200 4 years ago at 7% per year for 7 years. 2 years ago, she invested $2,000 at…

A: Here, Details of First Investment are as follows: Investment Amount is $1,200 Investment made 4…

Q: Ann invests $1000 today in an investment that has APR of 9.8% and is compounded monthly. How much…

A: 1) Future Value = Present value * (1+r)^n Where, r =rate of interest per period i.e. 9.8%/12 =…

Q: Jill invested $1,000 each year into an account that earns 10% interest compounded annually to have…

A: The future value is the future worth of the amount that will be paid or received in the future.

Q: Susan plans to make an investment today which promises to return to her $3,000 each year for ten…

A: Using excel PV function

Q: Abigail invested $1,700 at the beginning of every 6 months in an RRSP for 11 years. For the first 7…

A:

Q: » In 1980 a couple invested 10,000 for 5 years at the rate of 16% annually. During that time the…

A: This question is based on the concept of real value of money which is i.e. what is the value of our…

Q: Jessica invests $4500 today and another $1,000 a year from now until 5 years. She also increases her…

A: Investment in year 0 = 4500 for 10 years Investment in year 1 = 1000 for 9 years Investment in year…

Q: Morgan opened an RRSP account and deposited $2,800.00 into it. She then deposited $900.00 at the end…

A: Deposit at year-0 = $ 2800 Deposit at year-1 = $ 900 Deposit at year-2 = $ 575 Interest rate = 2.20%…

Q: deem invested $800 in an account that pays 4.25% interest compounded annually. Assuming no deposits…

A: Future value of money includes the original deposit and compound interest on the money.

Q: January 2001, Bianca invested $5,000 for three years at 4.20%; in January 2010, she invested $5,000…

A: This question is related to investing. The investor invests money in many investments. These types…

Q: If Karen placed an amount of 9,700 Php in an investment that pays an interest rate of 12%,…

A: Investment = 9700 Php Interest rate = 12% Compounding = Semi annually Future value = 50,000 Php

Q: Natalie’s RRSP is currently worth $250,000. She plans to contribute for another five years, and then…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: Cardo invested a certain amount at 20% simple interest per year. After 8 years, the interest she…

A: solution concept under simple interest the interest is calculated on the principal amount only .…

Q: Janae pays $10,500 for shares in a new company. She sells the shares 10 years later for $21,500.…

A: The annual return on an investment is the annual percentage rate of return expressed as a…

Q: Jacqueline invested the profit of her business in an investment fund that was earning 2.50%…

A: Let the amount invested in the fund be $ X. Interest rate = 2.50 % compounded monthly The money is…

Q: what was Joe's initial investment assuming the account will be depleted at the end of year 25

A: Time value of money means that the rupee that received today will be worth more than the money…

Q: Bill Baxter has $25,000 to invest for a year.  He can lend it to his sister, who has agreed to pay…

A: given, simple interest to sister P = $25,000 r= 10% n = 1 retirement plan: P= $25000 r=6% m=4 n=1

Q: Phyllis invested $7,500, a portion earning a simple interest rate of 4 1/5 % per year and the rest…

A: Simple Interest = Investment * Rate * Period

Q: nd invests P20,000 for 40 years in an account earning 9% interest per year. How much will she…

A: Future value = Present value (1 + rate)^periods Future value = 20,000 (1 + 0.09)^40 Future value =…

Q: Debbie invests $5,500 in her IRA account each year for 40 years.  If she earns 7% return annually on…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

Q: Robin, who is self-employed, contributes $5000/year into a Keogh account. How much will he have in…

A: Given, PMT  - $5000 Interest rate(I/Y) - 6.5% Compounded Yearly PV = 0 N = 20 FV = ?

Q: Luis wants to have $2,000,000 in net worth when he retires. To achieve this goal, he plans to invest…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: SHaylda, age 22. just started Wolking full-time and plans to deposit $6,000 annually into an IRA…

A: To open the "FV function" window - MS-Excel --> Formulas --> Financials --> FV.

Q: Lucky Luis has just won $20,000 and wants to invest it for 12 years. There are three plans available…

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

Q: Shaylea, age 22, just started working full-time and plans to deposit $4,500 annually into an IRA…

A: Case 1 ) Periodic Payment = $4500 annually Interest Rate = 9% p.a compounded annually. Case 2 )…

Q: After several years of working, Katy has saved $125,000. If she invests that $125,000 in a savings…

A: Investment = $ 125000 Annual interest rate = 4% Period = 15 Years

Q: Phyllis invested 49000 dollars, a portion earning a simple interest rate of 4 percent per year and…

A: Given, Amount invested is $49000 Interest earned on both the investments is $2320

Q: rest per year, and SOY Rural Bank pays 10% per year. If the total interest earned on the investment…

A: Ryan has invested in two different banks for the gain of interest income. The total investment is…

Q: Belinda invested a sum of money for her two-year-old child education in the amount of fifty thousand…

A: Compounding is a strategy for calculating the future value (FV) of current cashflows using a…

Q: Morgan Madison needs $339,200 in 10 years. How much must he invest at the end of each year, at 9%…

A: In the given question we need to calculate how much Morgan madison needs to invest at the end of…

Q: An individual wants to have 1,000,000 AED in 10 years. Suppose she will pay no taxes at the end of…

A: According to the question, an individual wants 1,000,0000 AED in 10 years i.e. the amount of…

Q: Each month Lara invests $100 in an account earning 4% annual interest compounded monthly. a) Find…

A: PV= $100 r= 4% compounded monthly n= 20 years FV=?   FV= PV(1+r)n FV= $100(1+0.04/12)20*12 FV=…

Q: At the start of every year Jane puts $100 into an investment that gets 5% interest at the end of the…

A: According to the requirement, question (b) is solved.

Q: Annette has just inherited $180,000. She invests this money at a rate of return of 6.47% per year…

A: Given: Present value $180,000 Rate 6.47% Another annuity $2,851 Years 20 Compounding…

Q: Tony Bautista needs $25,000 in 4 years. What amount must he invest today if his investment earns 12%…

A: The common formula used to calculate is Future value = Present value (1 +r )^n

Q: Lucky Lindy has just won $20,000 and wants to invest it for 12 years. There are three plans…

A: Here, Present Value(PV) = Initial Investment Rate (r) = Rate of Interest Time of maturity (n) Future…