If you deposit $2,000 into an account at the end of each of the next 40 years, at 4.5% interest, how much will you have in the account, to the nearest $1,000, in 40 years?
Q: You deposit $5000 each year into an account earning 3% interest compounded annually. How much will…
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Q: If you deposit $250 each month into an individual retirment account that earns 4.8% interest…
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Q: You deposit $100 each month into an account earning 6% interest compounded monthly. a) How much…
A: Future value refers to the amount worth in future time which is deposited today by an investor at…
Q: You deposit $500 today in a savings account that pays 6% interest, compounded annually. How much…
A: Deposit amount = $ 500 Annual interest rate = 6% Period = 40 Years
Q: You deposit $400 each month into an account earning 6% interest compounded monthly. How much will…
A: FV of annuity=P1+rn-1rwhere,P=Periodic paymentr=rate per periodn=number of periods
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: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…
A: Future value of any deposits made is equivalent to the compounded value of deposits made for all the…
Q: You deposit $7,000 into an account earning interest at a 7% APR. You keep the money in the account…
A: Initial deposit = $7,000 Interest rate = 0.07 or 7% Period = 5 years Money in account at the end of…
Q: You deposit $4,500 per year at the end of each of the next 25 years into an account that pays 10…
A: Given information: Annual deposit amount is $4,500 Annual interest rate is 10% Number of years is 25…
Q: You deposit $4000 in an account earning 8% interest compounded monthly. How much will you have in…
A: Given information ; P = 4000 r = 8% or 0.08 Compounded monthly so n = 12 t = 15 years
Q: You currently have $250,000 in your retirement account. What equal annual amount must you deposit…
A: Equal annual deposits into an account for a fixed number of times is called annuity. The future…
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: Assume you decide to make weekly deposits of $100 into a savings account over the next 30 years.…
A: given, A = $100 q ( payment frequency) = 52 m ( compounding frequency) = 365 t ( number of periods)…
Q: You deposit $600 in an account earning 7% interest compounded annually. How much will you have in…
A: Future value of a value is the amount which the grow from the principal amount to future amount with…
Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…
A: Future Value is the compounding of present value at the specified rate of interest.
Q: You deposit $4000 each year into an account earning 4% interest compounded annually. How much will…
A: Future value of annuity = Annual payment x [(1 + i)n - 1]/i i = Interest rate n = number of years
Q: Suppose that you borrow $8,000 now, promising to repay the loan principal plus accumulated interest…
A: The future value of an amount is the future worth of an amount calculated based on the time value…
Q: If you deposit $700 every year for the next 5 years, with first deposit to be made today and all…
A: Amount deposit per year = $700 Time period = 5 Years Interest Rate = 3.76%
Q: You plan to deposit $900 PER YEAR into an account earning 5.25% interest compounded annually. How…
A: Since you posted multiple questions ,we will solve the second page last question for you. if u want…
Q: You deposit $1,800 into a 9% account today. At the end of two years, you will deposit another…
A: Deposit now = $ 1800 Interest rate = 9% Deposit 2 years from now = $ 3000 Purchase 5 years from now…
Q: If you pay 50 pesos at the end of each month for 40 years on an account that pays interest at 10%…
A: The interest rate period : When the interest rate is compounded more than once a year, the interest…
Q: You deposit $3000 each year into an account earning 5% interest compounded annually. How much will…
A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…
Q: You deposit $2000 each year into an account earning 3% interest compounded annually. How much will…
A: A deposit annually is rewarded by an interest annually that make a huge amount at the end of…
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: You are expecting to retire in 28-years and you want to retire with $10,000,000. How much you must…
A: Given information: Future value is $10,000,000 Present value is $122,000 Number of years is 28…
Q: You deposit $4000 in an account earning 3% interest compounded monthly. How much will you have in…
A: The amount after 10 years will be the future value of the initial deposit.
Q: You currently have $250,000 in your retirement account. What equal annual amount can you withe each…
A: We will have to use the concept of time value of money to solve this.
Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…
A: Ordinary Annuity is way of payment where payment happens at the end of each period.
Q: You deposit $5000 at the beginning of each year into an account earning 3% interest compounded…
A: Introduction: Annuity Due: It refers to the series or stream of equal payments made at the beginning…
Q: You deposit $5000 each year into an account earning 6.8% interest. How much will you have in the…
A: Given: Yearly deposit = $5000 Interest = 6.8% annually Time =15 years
Q: You deposit $1000 each year into an account earning 4% interest compounded annually. How much will…
A: The future value is the amount that will be received at the end of a certain period. In simple…
Q: Assuming you will be able to deposit $6000 at the end of each of the next four years in a bank…
A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…
Q: You deposit $350 each month into an account earning 3% interest compounded monthly. a) How much will…
A: Given, Deposit amount (C) = $350 each month Timer period (n) = 35 years*12 = 420 interest rate (i) =…
Q: Your beginning salary is $70,000. You deposit 12% at the end of each year in a savings account that…
A: Given information: Beginning salary is $70,000 Interest rate is 3% Initial payment of 12% Salary…
Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…
A: Annual deposit (P) = $ 3000 Annual interest rate(R) = 2% Period (N) = 35 Years
Q: Determine the size of your investment account 23 years from now (when you plan to retire) if you…
A: Future value: It is the value of the current asset, depending on the assumed rate of the growth, at…
Q: If you save $500 per quarter for retirement in an account that earns 8% interest per year,…
A: Retirement planning wherein a fixed amount is saved for a definite period to reap the benefits of…
Q: You want to have GH¢ 50,000 in your savings account five years from now, and you’re prepared to make…
A: In the given problem we need to find the Annual Deposit amount for 5 years which cumulates @9.5% to…
Q: If you deposit 10000 in a bank account that pays 10% interest annually, how much will be in your…
A: The amount in the account after 5 years is future value of the deposited amount. Future value can be…
Q: When you retire at 65, you wish to be able to have $3,000 each month for 25 years. How much would…
A: Firstly calculate the present value of annuity with $3000 as PMT and 25 years, use this present…
Q: You deposit $200 each month into an account earning 5% interest compounded monthly. How much will…
A: Future worth of the amount is referred as the worth of the currently deposited amount at some future…
Q: If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your…
A: In the given question we require to compute the future value from following details: Present value =…
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: With an annual effective interest rate of 6%, 500 USD is deposited into an account at the end of…
A: we will be using time value of money concepts and formula for this calcualtion Time value of money…
Q: You deposit $100 each month into an account earning 8% interest compounded monthly. a) How much…
A: Annuity amount = $100 Monthly rate of interest = 0.6667% (8.00% / 12) Number of months = 300 months…
Q: Suppose that you invest $20 000 in an account paying 8% interest. You plan to withdraw $2000 at the…
A: Investment = $ 20,000 Annual interest rate = 8% Annual withdrawal = $ 2000 Period = 15 Years
Q: You
A: An annuity refers to a series of payments made at regular interval of time.
Q: You deposit $2000 in an account earning 8% interest, compounded quarterly. How much will you have in…
A: Principle P :- $2000 Time t :- 11 years Rate of interest r = 8% Compounded quaterly No. of intervals…
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- You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.
- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityUse the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?
- How much would you invest today in order to receive $30,000 in each of the following (for further Instructions on present value In Excel, see Appendix C): A. 10 years at 9% B. 8 years at 12% C. 14 years at 15% D. 19 years at 18%Future Value Hugh Colson deposited 20,000 in a special savings account that provides for interest at the annual rate of 12% compounded semiannually if the deposit is maintained for 4 years. Required: Calculate the balance of the savings account at the end of the 4-year period.Samuel Ames owes 20,000 to a friend. He wants to know how much he would have to pay if he paid the debt in 3 annual installments at the end of each year, which would include interest at 14%. Draw a time line for the problem. Indicate what table to use. Look up the table value and place it in a brief formula. Solve.
