How much would you need to deposit at the end of every quarter into an IRA with an 8% APR in order to have $100,000 at the end of 20 years? Round to the nearest cent

Q: If $82,000 is invested in an annuity that earns 5.9%, compounded quarterly, what payments will it…

A: Here, the present value is $82,000 The periodic rate of interest r=5.94%=1.475% quarterly n = number…

Q: You take out a loan of $59,000 for a term of two years at 11% interest compounded annually. What is…

A:

Q: If $84,000 is invested in an annuity that earns 5.3%, compounded quarterly, what payments will it…

A: The formula for compound interest is A = P (1+r/n)nt   Where A is the final amount, P = principal…

Q: You want to buy a 9 year bond with a maturity value of $6,000, and you wish to get a return of 5.5%…

A:

Q: Suppose you purchase a car for a total price of $32,740, including taxes and license fee, and…

A:

Q: A business must raise $70,000 in 5 years. What should be the size of the owners' quarterly payment…

A: Given : Amount to be raised = A = $70,000 Interest Rate = 0.03 Time period = 5 years n = compounding…

Q: If $80,000 is invested in an annuity that earns 5.8%, compounded quarterly, what payments will it…

A: Step:-1 Formula for annuity PV=P×1-(1+R)-nR Here, PV = present value, P= each payment value, R =…

Q: Consider a 30-year mortgage for $356,901 at an annual interest rate of 4%. What is the remaining…

A: in this question, we have  principal balance = $356901 total mortgage time = 30 years  we have asked…

Q: If $90,000 is invested in an annuity that earns 5.5%, compounded quarterly, what payments will it…

A:

Q: lohn and Rosamond want to retire in 10 years and can save $190 every three months. They plan to…

A: Given: Periodic payment (m0=$190Rate(r)=7.72%Time(t)=10 yearsNumber of payments per year(n)=5

Q: If a family borrows $12,033 for an addition to their home, and the loan is to be paid off in monthly…

A:

Q: A business must raise $60,000 in 7 years. What should be the size of the owners' quarterly payment…

A: NOTE: Refresh your page if you can't see any equations. . here we have FV=60000 t=7 years r=4%=0.04…

Q: As part of your retirement plan, you have decided to deposit $6,000 at the beginning of each year…

A: As per our guidelines we are supposed to answer only one question. Kindly repost other question as…

Q: Tony Ring wants to attend Northeast College. If he deposits $59,528 today, how much will he have 5…

A:

Q: Acme Annuities recently offered an annuity that pays 6.0% compounded monthly. What equal monthly…

A: It is given that future value is $69,000 in 15 years. Since annuity pays 6.0% compounded monthly,…

Q: A house is rented for $2100 per quarter, with each quarter's rent payable in advance. If money is…

A:

Q: What amount must be set aside now to generate payments of $20,000 at the beginning of each year for…

A: amount must be set aside now to generate payments of $20,000 at the beginning of each year for the…

Q: The owner of Oak Hill Squirrel Farm deposits $2,000 at the end of each quarter into an account…

A: Given, The owner of Oak Hill Squirrel farm deposits 2000 at the end of each quarter into an account…

Q: If $89,000 is invested in an annuity that earns 5.5%, compounded quarterly, what payments will it…

A: Given that:  $89,000 is invested in an annuity that earns 5.5%, compounded quarterly. So, PV=$…

Q: If you purchase $22,000 in U.S. Treasury Bills with a discount rate of 4.1% for a period of 26…

A: Given data, Face value is $22,000 Discount rate is 4.1% Number of periods is 26 weeks

Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…

A:

Q: An individual purchased a 5-year, $10,000 promissory note with an interest rate of 3.5%/year…

A: Given: An individual purchased a 5 year, $10,000 promissory note with an interest rate of 3.5% per…

Q: 5. How much is a sum of £3500 worth at the end of five years if deposited at (a) 11% simple interest…

A:

Q: A business must raise $50,000 in 8 years. What should be the size of the owners' quarterly payment…

A: Consider the provided question, given that, Amount (A) = $50,000 time(t) = 8 years rate of interest…

Q: A business must raise $90,000 in 6 years. What should be the size of the owners' quarterly payment…

A:

Q: If $88,000 is invested in an annuity that earns 5.6%, compounded quarterly, what payments will it…

A: Given: Present value P =88,000 The interest rate (r) per quarter is 0.0564=0.014 The number of the…

Q: A business must raise $80,000 in 5 years. What should be the size of the owners' quarterly payment…

A: Given that  future value 80000 Time period 5 years  Interest rate 3%  To find the present value

Q: The owner of Oak Hill Squirrel Farm deposits $1,000 at the end of each quarter into an account…

A: The amount of the deposit is $1000. The rate of interest is 2.5% compounded quarterly. The time…

Q: Acme Annuities recently offered an annuity that pays 5.4% compounded monthly. What equal monthly…

A:

Q: If $89,000 is invested in an annuity that earns 5.9%, compounded quarterly, what payments will it…

A: Given:-       If $89,000 is invested in an annuity that earns 5.9%, compounded quarterly, what…

Q: You want to buy a 5 year bond with a maturity value of $7,000, and you wish to get a return of 5.5%…

A:

Q: What amount must be set aside now to generate payments of $20,000 at the beginning of each year for…

A:

Q: If $87,000 is invested in an annuity that earns 5.1%, compounded quarterly, what payments will it…

A:

Q: The owner of Oak Hill Squirrel Farm deposits $2,000 at the end of each quarter into an account…

A:

Q: The Pirerras are planning to go to Europe 5 yr from now and have agreed to set aside $200/month for…

A: Given The periodic payment (R) $200 per month. Periodic interest rate (r) is 8% per year. Periods…

Q: As part of your retirement plan, you have decided to deposit $6,000 at the beginning of each year…

A: As per our guidelines we are supposed to answer first three subparts. Kindly repost other parts as…

Q: A business must raise $80,000 in 8 years. What should be the size of the owners' quarterly payment…

A:

Q: Suppose you buy a home and finance $275,000 at $2,233.17 per month for 30 years. What is the amount…

A: According to question, Cost of home = $275,000, Cost of finance = $2,233.17 per month, Time period…

Q: A business must raise $90,000 in 6 years. What should be the size of the owners' quarterly payment…

A: According to the given information, Amount expected in future = $90000 There are four quarters in a…

Q: Acme Annuities recently offered an annuity that pays 6.0% compounded monthly. What equal monthly…

A:

Q: To establish a "rainy day" cash reserve account, a certain company deposits $13,000 of its profit at…

A: Given, money deposited is $13000. Interest is 1.35% compounded quarterly. here we shall use the…

Q: As part of your retirement plan, you have decided to deposit $6,000 at the beginning of each year…

A:

Q: How much must be deposited at the beginning of each year in an account that pays 9%, compounded…

A:

Q: As part of your retirement plan, you have decided to deposit $9,000 at the beginning of each year…

A: Principal amount, P = $9000 beginning of year Rate  of interest, R = 5% Time period, t = 10 Time…

Q: You want to buy a 5 year bond with a maturity value of $8,000, and you wish to get a return of 5.5%…

A:

Q: Jane Frost wants to receive yearly payments of $16,000 for 8 years. How much must she deposit at her…

A: We want to find intereste compound annually.

Q: (b)Given the current interest rate of 6 percent compounded annually, find the present value of…

A: Let rate of interest is r%    Present value is equal to P   Then Amount = A after T years is,     A…

Q: A business must raise $90,000 in 5 years. What should be the size of the owners' quarterly payment…

A: givenAmount (A)=$90,000number of years(n)=5 yearsrate (R)=3%size of the owner's quartely paayment…

Q: If you borrow $4,000 for 4 years at an interest rate of 3%, how much TOTAL will you pay? * O $8000 O…

A: Given that P = 4000 R = 3% = 0.03 T = 4 Since We know that SI = PRT

Q: Use the Zero Coupon Bond information above to answer this question. A zero coupon bond with a face…

A: