If you deposit $3,500 monthly into a savings account which earns 4.25% interest rate compounded annually, how much will you have after 10 years of saving? a. $598500 b. S510141  c. S636810 d. S522225 e. S42512

Q: Recently, More Money 4U offered an annuity that pays 5.1% compounded monthly. If $827 is deposited…

A: Calculate the future value as follows:MS-Excel --> Formulas --> Financials --> FV

Q: client deposits $5 million in a savings account that pays 5 percent per year compounded quarterly.…

A: The given problem can be solved using FV function in excel. FV function computes amount value in…

Q: . Your client deposits $5 million in a savings account that pays 5 percent per year compounded…

A: Following is the answer to the question

Q: If you deposit $10,000 dollars into a savings account, what interest would you need to be earning to…

A: Working note:

Q: Suppose you want to have $2,000,000 in 45 years. Calculate how much you need to deposit per nonth in…

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

Q: ou deposit $500 in an account earning 7% interest compounded annually. How much will you have in…

A: Given information: Present Value of deposited money : $500 Interest rate : 7% Time period : 10 years…

Q: b._ You want to have GH¢ 50,000 in your savings account five years from now, and you’re prepared to…

A: Future value of annuity = P * ([1 + I]N - 1 )/I where P is the payment amount. I is equal to the…

Q: Answer the following problems. Show your solutions. Annuity 1. How much money will you accumulate by…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: You deposit $175,000 in a savings account. The APR (Annual Percentage Rate) is 6%. Calculate the…

A: Effective Annual Rate(EAR) shows net rate which an investment will yield after considering…

Q: If you deposit $3,500 monthly into a savings account which earns 8.25% interest rate compounded…

A: The future value of annuity refers to the future value of a series of payments. The future value can…

Q: You put $1, 000 into a savings account today that offers a 5% APR with semi-annual compounding…

A: Number of period is 4 (2 x 2).

Q: How much will you have saved at the end of 15 years.

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

Q: If you deposit RM25,000 in an account earning 16% with quarterly compounding, how much would you…

A: Amount of Deposit = RM 25,000 Interest Rate = 16% per annum Quartery interest Rate(r) = 16%/4 = 4%…

Q: Lidia deposits $700 at the END of each year for 8 years in a savings account. The account pays 12%…

A: In finance, the term annuity represents a stream of cash flows that contain an equivalent periodic…

Q: If you deposit RM35,000 in an account earning 18% with monthly compounding, how much would you have…

A: Using the future value function

Q: You wish to accumulate $100,000 through monthly payments of $100. If you can earn interest at an…

A: To calculate the time period for a required future value with given periodic deposits at a given…

Q: If $35000 is put in a savings account paying interest of 5% compounded annually, what amount will be…

A: The future value of the invested amount is determined after compounded the interest accrued with the…

Q: ​Recently, More Money 4U offered an annuity that pays 5.7%compounded monthly. If$1,402 is deposited…

A: MONTHLY COMPOUNDING RATE (5.7%) 0.4750% PERIOD (11*12) 132 PMT (MONTHLY DEPOSIT) 1402…

Q: Your goal is to accumulate $60,000 in seven years' time.  What monthly deposit must you make into a…

A: Interest rate per month = 12%/12 = 1% per month Time period = 7 years * 12 = 84

Q: If you deposit $5000 into an account, how many years will it take for the account to be worth $9350…

A: Future Value = Present Value * (1+Interest %)^Time Period Since Semi Annual Compounding, interest…

Q: |You have $5,000 in your savings account that pays 4% interest. How much will you have in your…

A: An interest method in which current interest is computed by multiplying the interest rate by the sum…

Q: If you deposit $3,500 monthly into a savings account which earns 8.25% interest rate compounded…

A: Present Value is referred to as the current value of future sum of the funds or the cash flows…

Q: ou deposit $300 in an account earning 6% interest compounded annually. How much will you have in the…

A: Amount Deposited = $300 Interest Rate(r) =6% Years(N) =10

Q: if P20,879 is deposited each year for 8 years at an interest rate of 10.257% compounded bi-monthly,…

A: The concept of the time value of money states that the same amount of money is worth more today than…

Q: money right now. Find FV Annuity: If you deposit your annual payments into an account earning 2% per…

A: Payments = $10,000 Interest rate = 2% Time period = 10 years

Q: You deposit $4000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given: Interest rate = 5% Present value = $4,000 Period = 10 years

Q: If you wish to accumulate $205,000 in 6 years, how much must you deposit today in an account that…

A: Future value (FV) = $205,000 Interest rate = 15% Monthly interest rate (r) = 15%/12 = 1.25% Period =…

Q: Your bank pays 8% interest, compounded annually. Use the appropriate formula to find how much you…

A: Given, Interest rate (r) =8% Annuity payment (A) = $700 Time (n) = 8

Q: You deposit k1000 in your bank account if the bank pays 4% simple interest,How much will you…

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

Q: Suppose for an annuity due, you want to have S30,000 in the bank after 20 years. Assuming you make…

A: Time value of money is a concept that helps in determining the value of future cash flows…

Q: You deposit $500 each month into an account earning 3% interest compounded monthly. Round to the…

A: We need to use future value of annuity formula to calculate money in account after 25 years Future…

Q: If you deposit 3500 today into an account earning an annual rate of 11% what would your account be…

A: To calculate the amount of account after 40 years by using below formula   Value of account after 40…

Q: You plan to prepare for retirement by making monthly contributions $1,500 to a savings account that…

A: Annuity means no. of finite payments which are same in size and made in equal intervals. Person gets…

Q: Lidia deposits $800 at the END of each year for 8 years in a savings account. The account pays 12%…

A: Future value is the value of an asset in the future over the years. It can be calculated as…

Q: You wish to have $20,000 in an account 8 years from now. How much moneymust be deposited in the…

A: Computation:

Q: How much do you need to deposit into a bank in order to receive proceeds of $200,000 in 5 years if…

A: The equation is, PV=FV÷1+in Where, Present value is represented by PV Future value is represented by…

Q: You will deposit $7500 in a savings account every year for 10 years. The account pays 6% interest.…

A: This problem can be solved in light of annuity and future value. The future value(FV) of an annuity…

Q: You plan to withdraw the amounts given below over the next five years from a savings account that…

A: GIVEN, R=9% YEAR CASHFLOW 1 0 2 24000 3 14000 4 26000 5.00 42000

Q: You deposit $200 each month into an account earning 8% interest compounded monthly. Round to the…

A: Answer b) Total amount put by us in account:   = Amount monthly invested * 12 * number of years =…

Q: You deposit $100 in a savings account today, and this account accrues interest compounded annually…

A: Compounding is the power of increasing the amount of investment by adding interest in principal and…

Q: Suppose your savings account pays 6% interest compounded monthly. If you deposit $18,000 forfour…

A: Time value of money (TVM) means that the money received today will be worth more than the money…

Q: A person wants to borrow as much money as possible today with an annual payment of $1000 at the end…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: You deposit $175,000 in a savings account. The APR (Annual Percentage Rate) is 6%. Calculate the…

A: Initial deposit = $175,000 Annual percentage rate = 6% Time = 10 years So, Future value =Initial…

Q: A savings account pays 5% annual interest. Calculate the amount in the savings account if you invest…

A: FV  =  PV (1 + r)n where, FV  =  Future ValuePV  =  Present Value,r  =  annual rate of interestn  =…

Q: You deposit $5000 each year into an account earning 3% interest compounded annually how much will…

A: Amount we will have is future value of yearly payments  future value is calculated using fv function…

Q: If you make monthly deposit of $2360 into your savings account for next 23 years what return rate…

A: Using excel Rate function

Q: You put $1,000 into a savings account today that offers a 5% APR with semi-annual compounding (i.e.,…

A: Effective annualized rate informs the rate effectively (considering the impact of compounding…

Q: how much annuity can a person get annually from a bank every year for 8 years starting 1 year after…

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