If you have $10,000 today, and save $12,000 per quarter year at the end of the quarter while earning an annual interest rate of 5%, how many quarters would it take to accumulate $100,000?

Q: If you have $20,000 in an account earning 8 percent annually, what constant amount could you…

A: Annuity Payouts: Annuity payouts are the withdrawal payments that are fixed in amount and for a…

Q: If $600 is invested in an account with an annual interest rate of 14.5%, compounded continuously,…

A: We need to use the formula of continuous compounding belowA=P(e)rn  where   A=future valueP=present…

Q: Suppose you invest $3,500 today, compounded monthly, with an annual interest rate of 8.50%. What…

A: When the interest rate compounds monthly, the monthly interest rate should be considered i.e.…

Q: money is worth 7.3%, compounded quarterly?

A: Present Value of future cash flow means the cash flows discounted at a given rate of return. FV*…

Q: You have $300 to invest. If you put the money into an account earning 13% Interest compounded…

A: Following details are given in the question : Present value = 300 Time period = 8 years Interest…

Q: How much will you have in 40 years if you save $3,000 each year and your account earns 8% interest…

A: In the given question we require to calculate the future value of payment made every year of $3000…

Q: You need 85,000 in 10 years. If you can earn .78 percent per month, how much will you have to…

A: Future value is 85,000 Time period is 10years or 10×12 = 120months Interest rate is 0.78%   To Find:…

Q: annually

A: Formula to calculate r: r = (FV/PV)^1/n - 1

Q: Suppose that you need to take out a loan today and anticipate being able to pay back $50,000 sixteen…

A: Let the loan amount = X Amount to payback (A) = $50000 n = 16 years

Q: If you have $4500 to invest now, and will need a total of $25,000 -- 10 years from now, determine…

A: Amount available now (PV) = $4500 Period = 10 Years Monthly period (n) = 10*12 = 120 Interest rate =…

Q: The annual income from an apartment house is $20,000. The annual expense is estimated to be $2000.…

A: Given:

Q: Suppose you will need $20,000 in 3 years. How much must you invest per month in order to have…

A: Present value is the current worth of the amount that is expected to be received in future date.

Q: how much would be available at the end of the time period. How much is the interest earned?

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

Q: How much money will be in an account for 10 years from today if 20,000 is deposited today at a rate…

A: Following details are given in the question: Present value (Investment today) = $20000 Time period =…

Q: If you invested $50,000 at one point in time and received back $80,000 ten years later, what annual…

A: As we have the beginning value, ending value and time period, we can use Compounded Annual Growth…

Q: How much would you have at the end of five years if you invested P50,000 at 10.5% interest rate?

A: Future Value: It is the future worth of the present sum of the amount and is computed by…

Q: What is the present value of receiving $4,000 per year for 10 years? Your annual required rate of…

A: It can be calculated using PV formula in excel PV (rate, nper, pmt, [Fv], [type]) Rate The interest…

Q: You bought a home for $150,000 and put down 10% and got a mortagage at an interest rate of 4.35% per…

A: We will make use of the PMT function in Microsoft Excel to determine the monthly payment on the…

Q: You need $32,000 at the end of 10 years. If you can earn 0.625% per month, how much would you need…

A: A concept through which it is studied that the current worth of money is higher than its future…

Q: If you deposit ​$3,500 today into an account earning an annual rate of return of 11 ​percent, what…

A: Deposit today (P0) = $3,500 Annual rate of return (i) = 0.11 Period (p) = 40 years Account worth in…

Q: You have 30 years left until retirement and want to retire with $2 million. Your salary is paid…

A: Future value (FV) is the value of a cash flow at a certain time in the future based on an assumed…

Q: You want to save an amount of P100,000 at the end of 10 years. You are given 8% interest compounded…

A: Solved using Financial Calculator  FV = 100,000 I/Y = 8/4% = 2% per quarter compound N= 10 *4 = 40…

Q: Would you prefer making a $25,000 investment that will earn interest at the rate of 6 percent…

A: Given: Investment amount is $25,000 The rate of 6 percent The calculation is shown below as,

Q: If a person spends $10 a week on coffee (assume $500 a year), what would be the future value of that…

A: In the given question we require to compute the future value.

Q: What would your investment account be worth in 23 years if you currently have $7,000 saved and plan…

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

Q: f  you  deposit  $10,000  in  a  bank  account  that  pays  10  percent  interest  annually,  how…

A: Future value = Principal*(1+r/100) ^n Where,  r = rate of interest n = no. of years

Q: If you wish to accumulate $25,000 by the end of 5 years, how much would your annual payment be if…

A: The equivalent annual cost is the periodic payment made towards the acquisition of an asset or…

Q: How much money should you invest now (to the nearest dollar) in an account that earns interest at a…

A: Future value (FV) = $ 291,000 Interest rate (r) = 8.9% Period (t) = 13 Years Constant (e) = 2.7183…

Q: If you invest $10,000 at an interest rate of 8.00% (annual rate) compounded quarterly, how much…

A: Given: Investment amount = $10000 Rate = 8.00% compounded quarterly To compute the amount of…

Q: If you wish to save $100,000 at the end of 5 years, how much will you need to invest each month if…

A: Compounding of interest means the interest rate will be applied on the accumulated principal plus…

Q: Suppose you save $100 per month. How long will it take you to accumulate $10,000 if the annual…

A: Following details are given to us in the question : Monthly saving = $100 Future value = $10000…

Q: If you pay $500 for an investment that returns $600 in 1 year, whatis your annual rate of return?…

A: Future value = Present Value * (1+r)^n Where, r = rate of interest  n = no. of years

Q: If money is worth 10% yearly, compounded quarterly, what monthly savings is required monthly in…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: Suppose you contribute $10 per week ($520 per year) into an interest-bearing account that earns 6% a…

A: Calculation of the funds that must be saved at end of 15 years:- Money that have been saved by…

Q: With a present value of $110,000, what is the size of the withdrawals that can be made at the end of…

A: We need to use present value of ordinary annuity(payment due at end) formula to calculate the size…

Q: Suppose you deposit $100 today in an account paying 8 percent. In one year, you will deposit another…

A: Given information: Yearly deposit amount $100 Number of years is 1 Interest rate is 8%

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: If you have $15,000 today, and save $13,000 per quarter year at the end of the quarter while earning…

A: In this question we need compute the time period (number of quarters) required to accumulate…

Q: a. You need $17,000 in five years but you only have $12,000 now. At what interest rate must you…

A: As per guidelines, I am supposed to answer 1 question at a time. As the question is not specifically…

Q: How much will you need to save per month to have $200,000 after 12 years, if you account earns 5%…

A: Compound interest = P"(1+r%/n)^tn Since the final amount is given , we need to calculate the…

Q: If you want to accumulate $80,000 and you have $10,000 saved now, how many years will it take if you…

A: Given:

Q: What would be the value of a savings account started with $1,200, earning 3 percent (compounded…

A: We need to calculate the value of the account after 10 years by using future value of a single…

Q: You want to invest $10,000 today to accumulate $16,000 for graduate school. If you can invest at an…

A: Future Value  = P*(1+r)^n Where, P = Principal r = rate of interest n = no. of year

Q: If you need 6,000 5 years from now, how much of a deposit must you make in your savings account…

A: Future value (FV) = 6000 Number of annual payments (n) = 5 Annual interest rate (r) = 8%

Q: The amount a person would have to deposit today to be able to take out $600 a year for 10 years from…

A: Amount need to deposit today = $ 4,026.05