I need the correct process .i have underlined the correct answer In an account, Steve Watson currently has $100,000. At a rate of 7.00%, how long will it take for them to have $212,575.00 assuming semi-annually compounding? (a) 10.96 years (b) 7.08 years (c) 11.15 years (d) 8.25 years

Q: An engineer who is about to retire has accumulated $50 000 in a savings account that pays 6% per…

A: Present Value of Ordinary Annuity refers to the concept which dictates the discounted value of a sum…

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])…

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

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A: FV is the future worth of cash flows that have occurred in the past or present.

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A: Excel Spreadsheet:

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Q: You plan to deposit $4,900 at the end of each of the next 15 years into an account paying 11.3…

A: Solution- Given that P=$4900 r=11.3% n=15 years Future value of Annuity- =P * [ (1+r)^n -1] /r

Q: You want to be able to withdraw $8500 from an account at the end of each 6-month period (that is,…

A: Given that;Periodic withdrawal amount is $8500Interest rate is 2.9% per year

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Q: 1)If $1180 accumulates to $1566.75 in four years, six months compounded semi-annually, what is the…

A: As per the honor code, we’ll answer only one question at a time, we have answered the first question…

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A: EAR: EAR stands for Effective Annual Rate, and it is the interest rate. Compounding periods are…

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…

Q: You will deposit $2,000 per year for the next 10 years. Then, you will start drawing money out of…

A: Future value is the value of the present cash flows in future. Investor will deposit same equal…

Q: Hi, can you please help me solve this problem? I need one amortization table per each problem, 3 of…

A: Amortization table is a table that shows loan schedule or re-payment schedule of loan. It includes…

Q: How many years will it take to reach your goal?

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A: Let's assume that the value of the monthly withdrawals be an amount A.Interest rate = 8% per annum…

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A: For ascertaining the amount to be invested today, following formula shall be used: = Amount required…

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A: Present Value of Future Amount = FV / (1 + r)^n Here, FV = Future Value i.e. $30000 r = Periodic…

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A: Note: The question provided are two separate ones. In the first one, I have calculated both the…

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A: Formulas:

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A:

Q: You want to be able to withdraw $5000 from an account at the end of each year for the next 12 years.…

A: Information Provided: Payment = $5000 Term = 12 years Interest rate = 5.5% compounded annually

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A: A Sinking fund refers to a fund that is kept aside or borrowed for the purpose of paying off a debt…

Q: A civil engineer who is about to retire has accumulated 750 000 in a savings account that pays 6%…

A: The question is based on the concept of Financial Management. Annuity refers to the series of equal…

Q: Ten Thousand dollars is deposited into a savings account at 1.8% interest compounded monthly. How…

A: Using TVM Solver: (i) 10,000 +/- PV 1.8 i/y 10,665.74  FV CPT N = 3.61 It takes 3.61 months for…

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A: Future value of an annuity: It represents the future value of the present annuity stream of cash…

Q: If money is woth 5 1/2% compounded annually, what single payment now equivalent to 45 annual…

A: Deferred annuity is a type of annuity in which the payment of annuity series began after a specified…

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A: Computation:

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A: Computation:

Q: You have $29,307.61 in a brokerage account, and you plan to deposit an additional $4,000 at the end…

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Q: f you owe $47,000 payable at the end of five years, what amount should your creditor accept in…

A: The question gives the following information:

Q: A payment of $1,750 is due in 2 years, and $5,800 is due in 5 years. What single payment made today…

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A: Calculation of future value, interest and percentage increase: Excel spreadsheet:

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: I/Y = rate = 6.2%/2 = 3.1% NPER = Number of years = 13*2 = 26 PV = Present value = 0 FV = future…

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 need to accumulate $10,000. To do so, you plan to make deposits of $1,450 per year - with the…

A: Given: Interest rate = 7% = 0.07 Future value (FV) = $10000

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…

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A: NOTE:  As per our policy, we only answer one question when different questions are posted.…

Q: A company has had record profits and decided to use some of the profits to pay for manufacturing…

A: Annuity is the series of payment made by an investor at fixed interval for specified period of time.…

Q: You need to accumulate $10,000. To do so, you plan to make deposits of $1,450 per year - with the…

A: Future value of an annuity can be calculated as: = Annuity payment * FVAF (i%, n years)

Q: Suppose I have the choice of investing $25000 in two different accounts:   Acct 1:  4.5%…

A: Future value is the value of present cashflow compounded to future date at specified rate. formula:…