Bill plans to deposit $1,500 quarterly for 30 years at 5.5% Interest, compounded monthly. How much will he have in the account in 30 years? O $468,780.80 O $189,900 O $180,000 O $3,744,000 O $477,000
Q: Daniel deposits $20,000 into an account earning interest at 6% per year compounded quarterly. He…
A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…
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A: The formula used is shown:
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A: Note: As per the rules of Bartleby,in case of multiple unspecified questions only the first question…
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A: The present value is the value of the sum received at time 0 or the current period. It is the value…
Q: Starting on the day he retires, Bob wants to receive payments of $10,000 at the beginning of each…
A: Present value of the amount is the worth of that amount in current times that is expected to be…
Q: e). In which account will he have more money and by how much?
A: Regular annuity: Number of periods = 32 * 4 = 128 Quarterly rate = 7.3% / 4 = 1.825% Future value =…
Q: Aidan deposits $1000 at the end of each quarter in an account that pays 5.25% per year, compounded…
A: Solution: An equal amount invested every period is called annuity. So, future value of annuity = PMT…
Q: jose has determine dhe need to have $800000 for retirment in 30 years. His account earns 6%…
A: Amount need to be deposited in the account each month can be calculated using the formula of future…
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A: Investments made by investors earn returns in the form of interest. The accumulated value of the…
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A: The concept of the time value of money states that the current worth of money is more than its value…
Q: in 8 years (a) What amount should he deposit at the end of each quarter at 6% compounded quarterly…
A: We need to use PMT formula to calculate quarterly payment. PMT =FV*i(1+i)n-1 where FV =future value…
Q: At the end of each quarter, a life insurance client deposits Ph 6,176 for 5 years. If money is worth…
A: Quarterly deposit (P) = Ph 6,176 Interest rate = 5.3% Quarterly interest rate (r) = 5.3%/4 = 1.325%…
Q: How much should you deposit at the end of each month into an investment account that pays 9%…
A: As per Bartleby Guidelines, we are allowed to do only one question if multiple different questions…
Q: A man is planning to retire in 25 years. He wishes to deposit a regular amountevery three months…
A: Excel Spreadsheet: Excel Workings:
Q: A man is planning to retire in 20 years Money can be deposited at 6% interest compounded monthly,…
A: For this we need to calculate compounded annually rate, i=(1+(r/m))^(m/q)-1 =(1+(0.06/12))^(12/1)-1…
Q: If Jackson deposits $120 at the end of each month in a savings account earning interest at a rate of…
A: Saving Account is a type of financial service offered to general public by banks with limited…
Q: You deposit $200 each year in an account for 15 years and then $400 each year in the same account…
A: The concept of the time value of money states that the current worth of money is more than its value…
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A: Present value of annuity formula will be used to calculated the amount required for periodic…
Q: you deposit $1,000 each year into an account earning 3% interest compounded annually. How much will…
A: Time value Value received today by an individual is of more worth than receiving the exact value in…
Q: Peter deposits $75 at the end of each quarter for 15 years into an account that pays 3.14%…
A: Given data; payment amount= $75 number of years = 15 annual rate = 3.14% compounding frequency = 4…
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A: Given information: Amount borrowed is $48,000 Interest rate is 2.60% Number of years is 5 years
Q: You deposit $825 today in a savings account that pays 3.5% interest, compounded annually. How much…
A: Future value is the value of current value at a specified interest rate for given period. The…
Q: Suppose that you are to make annual deposit of $3,000 into a retirement account that pays 11%…
A: Future value of the amount is the worth of the current amount in some future specified date at given…
Q: Your client's 401K account has an initial balance of $6,900 and has monthly contributions of $500.…
A: Future value is the value of an asset in the future. Future value estimation is very important for a…
Q: Derek will deposit $7,502.00 per year for 23.00 years into an account that earns 8.00%, The first…
A: The future value is the amount that will be received at the end of a certain period. In simple…
Q: If i you are expecting retire in 28 years and you want to retire with 10,000,000. how much you put…
A: given, present value ( pv) = $122,000 future value (fv) = $10,000,000 n =28 years let monthly…
Q: John deposits $1500 into a savings account earning simple interest at 2.19% annually. How much will…
A: Calculation of actual amount in account in future: Answer: John will have $1,582.13 in his account…
Q: Anthony plans to deposit $500,000 now and $10,000 every 6 months for 5 years into an account.…
A: Deposit now (D) = $500000 Semiannual deposit (A) = $10000 n = 5 years = 10 semiannual deposits…
Q: If Jackson deposits $120 at the end of each month in a savings account earning interest at a rate of…
A: To solve this question we have to use the formula of Future Value of ordinary annuity. The formula…
Q: Assume you deposit $5700 at the end of each year into an account paying 11.25 percent interest.…
A: Given: Deposit = $5,700 Interest rate = 11.25% Future value= ?
Q: Ann saves 4,800 as a term deposit today. The interest is paid semi-annually. If her saving grows to…
A: APR is the annual percentage interest rate which is being earned on particular amount of investment.…
Q: Iris expects to receive $1,000 at the end of each of the next three years. She will deposit these…
A: Payments = 1000 Semi Annual Compounding, Time Period = 3 years * 2 = 6 semi annual periods Interest…
Q: Sam Salverri is planning to retire in 15 years. Money can be deposited by 8% compounded quarterly.…
A: Convert 8% compounded quarterly to its equivalent interest rate for monthly interval. Here, 'R'…
Q: Cena deposits a certain amount of money into his family’s savings account at the beginning of each…
A: Future value = $ 100,000 Period = 4 Years Period in quarters = 4*4 = 16 Annual interest rate = 8%…
Q: Hank made payments of $205 per month at the end of each month for 30 years to purchase a piece of…
A: Annuity means a series of finite number of payments which are the same in size and made in equal…
Q: A is planning for her retired life. She has 10 more years of service. He would like to deposit 20%…
A: Present value of Annuity Annuity is a series of equal payment at equal interval over a specified…
Q: Wasim invests $220,000 in an annuity that earns 8.50% interest compounded quarterly. It makes…
A: An annuity is referred to lump-sum payment made by you in return for regular disbursements,…
Q: An investor deposits $100 into his credit union account that pays interest at the rate of 3.25% per…
A: Future Value = Present Value * (1+interest %)^N Future Value = 100*(1.0325)^7 Future Value =…
Q: Ira Roth opens up a Roth IRA and places $4,500 in his retirement account at the beginning of each…
A: in this we have to find out future value FACTOR and than future value of ANNUITY.
Q: ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at…
A: Periodic Payment = P 3,000 per month Interest Rate = 2% compounded Quarterly Time period = 5 Years
Q: At the end of each quarter, a life insurance client deposits Ph 6,366 for 5 years. If money is worth…
A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…
Q: Sam Salverri is planning to retire in 15 years. Money can be deposited by 8% compounded quarterly.…
A: in this we have to calculate monthly interest rate and from that we can get required value.
Q: 35 years
A: SOLUTION:- General formula for future value when interest is compounded annually is FV=P(1+r)n…
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A: Time has been precious in all perspectives, however in terms of finance, time has a monetary value.…
Q: Mae expects to receive $1,000 at the end of each of the next three years. She will deposit these…
A: Mae expects to receive at the end of each of next three years = $1000 She will deposit these…
Q: Mr. Nina borrows $425,000 from the bank at 3.5% per year interest over a 30-year period. He can make…
A: Amount borrowed = $425000 Interest rate = 3.5% Period = 30 years Monthly payment = $1400
Q: How much Alex must deposit annually if he wants to have $800,000 in 25 years by making equal annual…
A: Annual payments refers to the periodic payment which can be used for a variety of purposes like for…
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- Determining Loan Repayments Jerry Rockness needs 40,000 to pay off a loan due on December 31, 2028. His plans included the making of 10 annual deposits beginning on December 31, 2019, in accumulating a fund to pay off the loan. Without making a precise calculation, Jerry made 3 annual deposits of 4,000 each on December 31, 2019, 2020, and 2021, which have been earning interest at 10% compounded annually. Required: What is the equal amount of each of the next 7 deposits for the period December 31, 2022, to December 31, 2028, to reach the fund objective, assuming that the fund will continue to earn interest at 10% compounded annually?Using overdraft protection line. Grace Wang has an overdraft protection line. Assume that her October 2020 statement showed a latest (new) balance of $862. If the line had a minimum monthly payment requirement of 5 percent of the latest balance (rounded to the nearest $5 figure), what would be the minimum amount that she’d have to pay on her overdraft protection line?Give typing answer with explanation and conclusion 1) Marigold Corp. will receive $35,000 today (January 1, 2020), and also on each January 1st for the next five years (2021 – 2025). What is the present value of the six $35,000 receipts, assuming a 6% interest rate? Group of answer choices $210,000.00 $182,432.73 $172,106.35 $258,784.32
- Assume that time today is Dec. 13, 2022. Determine what is being asked in each problem.1. How much is ₱10,000 worth on Dec. 13, 2024 if force of interest is given by 0.08+0.005t?2. How much is ₱50,000 worth at the end of three years from today, if interest is paid 1.43% per quarter on the first year, 8.4% convertible monthly on the second year and 3.5% force of interest on the last year?3. Ken has cash receipts at the end of each month amounting to ₱5,000 with the first being received on Jan. 13, 2023 and the last one on Dec.13, 2023. What is the net value today of all these cash receipts if interest is 9.6% compounded monthly?7. Please show all work and use answer choices included. _____________________________________________________________________________________________________ A promissory note calling for payments of $1,100 at the end of each year for the next 13 years is offered for sale for $11,000. What is the prospective rate of return nearly exactly at? A. 2% B. 4% C. 6% D. 8%Assume that time today is Dec. 13, 2022. Determine what is being asked in each problem.1. Rhea has to pay a loan by making 12 bimonthly (at the end of every 2 months) payments of ₱15,000 to Provident Fund. How much is her outstanding balance by August 13, 2023 if interest is 7.2% compounded bi-monthly? Hint: m=no.of conversion periods=6 per year.2. Lara has made ₱1,000 monthly payments to a paluwagan up to Mar. 13, 2023 but was dissolved as agreed by all contributors. The paluwagan management has agreed to return her money's worth including interest of 0.5% per month on Jun. 13, 2023. How much is the total she can receive?3. Coco borrowed ₱100,000 and wishes to repay Kobe at the end of each month with payments of ₱3,000 for as long as necessary. Coco is charged by Kobe 9% interest compounded monthly. How many regular level payments does Coco have to pay?
- 4. Using your present and future value tables, calculate the following: a. Compute the amount that a $40,000 investment today would accumulate to at 10% interest, compounded semiannually, by the end of 6 years. b. Tim wants to retire at the end of this year (2021). His life expectancy is 20 years from his retirement. Tim has come to you to learn how much he should deposit on December 31, 2021 to be able to withdraw $70,000 at the end of each year for the next 20 years, assuming the amount on deposit will earn 8% interest compounded annually. c. Jan established a savings account for her son’s college education by making annual deposits of $11,000 at the end of each of 6 years to a savings account paying 8%. What will be the balance of the account at the end of the sixth year? d. Jane wants to set aside funds to take an around the world cruise in four years. Jane expects that she will need $30,000 for her dream vacation. If she is able to earn 8% per annum on an investment, how much will…Rob Herndon, an accountant with Southwest Airlines, wants to retire 50% of Southwest Airlines bonds by 2038. Calculate the payment Rob needs to make at the end of each year at 6% compounded annually to reach his goal of paying off $300,000 in 20 years. (Use Table 13.3.) Note: Do not round intermediate calculations. Annual payment required what is the annual payment required ?NOTE: Provide a format and show your work (example: N = 6, PV = XXX, I = X%, etc.) 1. Sam decides to start saving for retirement and she starts making $165 monthly contributions today and continue them for four years. What will Sam have at the end of the period if the compounding rate is 11.00 percent APR? (Do not round intermediate calculations and round your final answer to 2 decimal places.) 2.What annual rate of return is earned on a $5,000 investment made in year 4 when it grows to $11,000 by the end of year 10? (Hint. Construct a timeline. Do not round intermediate calculations and round your final answer to 2 decimal places.) 3. Given an 8 percent interest rate, compute the present value of payments made in years 0, 1, 2, 3, and 4 of $1,500, $1,600, $1,200, and $1,600, respectively. Compute using NPV.
- 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.)Assume that time today is Dec. 13, 2022. Determine what is being asked in each problem.1. Determine the value of ₱40,000 on June 13, 2024 at a discount of 4.2% compounded semiannually.2. Determine the value ₱50,000 on Sept. 13, 2020 at a discount of 4.4% convertible quarterly.3. How much is ₱25,000 worth on July 13, 2022 at 3.26% force of interest per year.Assume that time today is Dec. 13, 2022. Determine what is being asked in each problem.1. Ken has cash receipts at the start of each quarter amounting to ₱10,000 with the first being received today and the last one on Dec.13, 2023. What is the net value today of all these cash receipts if interest is 8.8% compounded quarterly?2. Lola Trining bought a gift for Ken that promises to pay him 1,000 every year and so on... with the first payment given on Dec. 13, 2023. How much is the gift's value today if money is worth 5% effective per annum.3. Regine agrees to settle a ₱100,000 loan borrowed from provident by making monthly salary deduction every 13th of the month for ten months beginning June 13, 2022. How much does she pay if interest is 1% every month? Hint: First payment is deferred after 5 months (periods). Accumulate the loan principal first then equate this to the present value of the deductions on May 13, 2023.