Calculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use a 365-day year. (First enter the total number of full years, then give the remaining days.) $1,000 at 8% simple interest; deposit $650 _____years, ________days

Q: You want to be able to withdraw $4000 from an account at the end of each 6-month period (that is,…

A: Present Value can be calculated using PV function in excel   PV (rate, nper, pmt, [Fv], [type])…

Q: Choi Home Repair needs to accumulate $22,000 in 6 years to purchase new equipment. What sinking fund…

A: In the given question we require to calculate the sinking fund payment choi home repair need to make…

Q: A deposit of 120 000.00 Php is placed into a college fund at the beginning of every month for 10…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Your friend plans to invest $1,000 per month into an account expected to have an effective annual…

A: Here, EAR is 6.2% Monthly payment (PMT) is $1,000 Required Amount (FV) is $100,000

Q: Approximately how much must be saved for retirement in order to withdraw $100,000 per year for the…

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

Q: Suppose an individual makes an initial investment of $2,200 in an account that earns 7.8%,…

A: An individual investor made deposits initially and continues to invest on monthly basis for 12…

Q: Suppose someone wants to accumulate $40,000 for a college fund over the next 15 years. Determine…

A: Given, The required amount is $40000. Term is 15 years

Q: Daysha would like to save $460 at the end of every three months for the next 6 years in a savings…

A: As per the given information: Interest rate - 1.92% compounded annually Amount deposited at the end…

Q: uppose an individual makes an initial investment of $1,200 in an account that earns 6%, compounded…

A: We will apply the concept of time value of money here. As per the concept of time value of money the…

Q: How long must one wait (to the nearest year) for an initial investment of $1,000 to triple in value…

A: Individuals and corporations may have excess cash or money left with them in a particular financial…

Q: Fill the correct inputs on the T184 finance application to determine what initial investment would…

A: Given: Future value = $28,000 Interest rate = 2.14% Years = 3

Q: You invest $15,000 at 6% interest, compounded monthly, for 2 years. Use the compound interest…

A: Principal amount invested now will become certain amount after certain period of time at specific…

Q: A person invested JD 50,000, after 4 years he invested an additional JD10,000, if after 10 years the…

A: Annual interest rate on investment is the actual return earned annually from the investment. It can…

Q: Calculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use…

A: The time period in which the investment goal of the investor is achieved is estimated with the help…

Q: Calculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use…

A: In this we have to determine the daily interest rate and from that we can get time required to…

Q: Upon retirement, your goal is to spend 6 years traveling around the world. To travel in the style to…

A: Given Information: Periodic payment = $225,000 Rate of interest = 9% compound annually Period = 24…

Q: Assume you put $400 per month into a retirement account for 14 years, and the account has an APR of…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: lion, with the first payment occurring immediately. money can earn 6% interest compounded annually…

A: in this we have to calculate present value of both option and see which option give better value.

Q: Find the time required for an investment of 4,000 dollars to grow to 14,000 dollars at an interest…

A: Present Value = Future Value * [  1 / ( 1 + Rate ) ]N

Q: Calculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use…

A: Introduction: The time period or the number of years (NPER) refers to the time it would require for…

Q: a) How much is in the account after the last deposit is made? (b) How much was deposited (c) What…

A: In order to find the following questions, one needs to use excel and apple functions like PMT, FV…

Q: hat capital must be invested to have $

A: Time value of money (TVM) means the amount of money received in the present period will have more…

Q: Ian deposits $1200 into a savings account that earns 4% per year, simple interest. a) Write an…

A: A savings account is an account for which we get interest for our deposit in the bank. This is the…

Q: You are scheduled to receive $15,000 in two years. When you receive it, you will invest it for six…

A: Given,Money Received after 2 years and Present Value of the investment for 6 years (PV) =…

Q: Suppose that $10,000 is deposited into a saving account that earns 6% interest, compounded annually.…

A: Present Value of deposit (PV)=$10,000 Rate of interest (i)=0.06   Future Value after 5 years=…

Q: Calculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use…

A: Future value (FV) = $ 7000 Compounding per year (m) = 365 Deposit amount (PV) = $ 5,000 Annual…

Q: How much must be deposited

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

Q: You have decided to set aside a fixed amount every quarter in order to have $12,000 available for a…

A: The amount to be deposited every quarter can be calculated with the help of future value of annuity…

Q: You plan to make a lump-sum deposit of $5000 now into an investment account that pays 6% per year,…

A: Lump Sum Deposit = 5000 Return % = 6% Annual End of year withdrawals = 1000 Time Period of…

Q: TIME TO REACH A FINANCIAL GOAL You have $33,556.25 in a brokerage account, and you plan to deposit…

A: Given, Present value = $33556.25 Future value   = $220000 interest r         12/100 = 0.12% Years…

Q: An investment promises to pay $6,000 at the end of each year for the next three years and $4,000 at…

A: Question 1 is the case of ordinary annuity while question 2 is the case of an annuity due as the…

Q: You want to invest an amount today that will last for 8 years and allow you to withdraw $725 at the…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: In an effort to save money for early retirement, an environmental engineer plans to deposit $1200…

A: Given information: Monthly deposit of $1,200 for every 6 months Interest rate of 8% per year Number…

Q: Suppose an individual makes an initial investment of $2,000 in an account that earns 6%, compounded…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: John Smith has found a short-term investment opportunity. He can invest $6,000 at 0.5% interest for…

A: Question pertains to calculation of interest amount in case of daily compounding. Calculations are…

Q: An investment promises to pay $5,000 at the end of each year for the next four years and $3,000 at…

A: Annuity payment is the series payment of a certain amount for a particular period of time. Under…

Q: Assume you put $400 per month into a retirement account for 14 years, and the account has an APR of…

A: (Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: Barbara wants to accumulate $10000 by the end of 10 years. She starts making quarterly deposits in…

A: Annuity refers to series of equalized payments that are either made start or end of definite…

Q: You want to be able to withdraw $4500 from an account at the end of each 6-month period (that is,…

A: Using Excel PV function

Q: You decide to invest in an instrument that pays 5% annual capitalizable interest each semester. If…

A: The present value is the value of the sum received at time 0. It is the current value of the sum…

Q: You have decided to set aside a fixed amount every quarter in order to have $15,000 available for a…

A: Future Value of investment = $15,000 Time period = 3 years Interest Rate = 5%  The investment is…

Q: You invest $19,000 at 18% interest, compounded monthly, for 2 years. Use the compound interest…

A: Given, Investment = $19,000 Interest     = 18% Compounding Frequency = Monthly for 2 years  The…

Q: If you have $2,500 to invest and need to withdraw $4,430 at some time in the future, what is the…

A: Amount for investment =  $2500 Interest rate = 5% Withdraw after some time = $4,430