Jenny puts $200 into a savings account today, the account pays an annual interest rate of 5%, but compounded semiannually, and you withdraw $100 after 6 months. What would your ending balance be 20 years after the initial $100 deposit was made? m Nper (or N) =n*m Rate (or I/Y)=i/m PV PMT FV Identify variables and use excel

Q: Barbara wants to accumulate $10000 by the end of 10 years. She starts making quarterly deposits in…

A: Information provided: Future value= $10,000 Time= 10 years*4= 40 quarters Interest rate= 8%/4= 2%…

Q: Katya wants to make 100 deposits to a bank account. She wants the total present value of the…

A: In this we need to find monthly rate of interest rate and than find out present value factor and…

Q: Find r: You have $2,000 in a money market account. If you make no deposits to or withdrawals from…

A: Amount at the end of certain years is calculated as: = Principal (1 + r)^number of years Where 'r'…

Q: Starting next year, you will need $15,000 annually for 4 years to complete your education. (One year…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: You deposit $150 in your savings account every quarter for retirement and start with 0 in the bank.…

A: Quarterly Deposit = 150 Quarterly Compounding Initial Balance in Account = 0 Interest Rate = 5%/4 =…

Q: A) How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: Therefore, the monthly payment is $385.27.

Q: (a) Barbara wants to accumulate $10000 by the end of 10 years. She starts making quarterly deposits…

A: Every investment value varies with time, therefore, time value computes the amount of the rupee at…

Q: A) How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: Requirement is to save $1,000,000 in 35 years. Investor is going to deposit same amount at the end…

Q: 1. (a) A bank account pays 5.5% annual interest, compounded monthly. How long will it take the money…

A: We use NPER to find time and Rate function to find APR

Q: A) How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: A.  Compound interest is the interest that the amount will be calculated on both principle and…

Q: A) calculate the amount of money you will have after 25 years if you deposit $150 each month in an…

A: Monthly deposit: Monthly deposits are instructions to the bank or financial institution to take a…

Q: You are planning to make monthly deposits of £400 into a retirement account that pays 7 per cent…

A: The future Value accumulated after depositing a regular amount for the period compounding with the…

Q: Person A deposits $2750 in an account that pays 5% interest compounded once a year. Person B…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

Q: You are shopping around to determine which bank account yields the highest return. You have three…

A: Future Value = Present Value x (1 + r)^n

Q: Hamilton wants to accumulate ₺ 20,000 at the end of 4 years. It starts quarterly payments in a bank…

A: "Since you posted multiple questions, we will solve the first question for you as per guidelines.…

Q: Due to both interest earnings and the fact that money put to good use should generate additional…

A: The future value is the future worth of the amount that will be paid or received at future.

Q: Ian deposits $1200 into a savings account that earns 4% per year, simple interest. a) Write an…

A: A savings account is an account for which we get interest for our deposit in the bank. This is the…

Q: younger brother's savings account, with the first deposit being made on your brother's fifth…

A: The present value is the amount without interest and future value is the amount with accumulated…

Q: Answer within 30minutes please  Sarah invests $900 into her bank account with an annual interest…

A: Rule 72 refers to the concept or the rule which makes it a simple calculation for the person to…

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: A young man saved his money every quarter for 5 years into his bank account. He deposits P2,000 per…

A: i=(1+(r/m))^(m/q)-1 m= original compounding per period=12/2=6 q=new compounding per period=12/3=4

Q: Suppose you invest $130 a month for 5 years into an account earning 8% compounded monthly. After 5…

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

Q: W WA Finance 2-Borrowing Money and Pa Assume that you take out a $4000 loan for 30 months at 8.5%…

A: Given,  The loan amount is $4000 Rate is 8.5% Term is 30 months

Q: The Bells are saving up to go on a family vacation in s years. They invest $2300 into an account…

A: The future value of money is the amount of the initial deposit made plus the interest accumulated on…

Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: The interest amount is calculated as the future value of annuity minus the total deposits made over…

Q: You put $250 in the bank for 5 years at 12% a. if interest is added at the end of the year, how…

A: Req-1         Beginning Balance Interest Amount Ending Balance   (A) (B* 12%) (C) = (A+B) Year…

Q: Cash Flow Diagram 1. You are 40 years old and have accumulated $50,000 in your savings account. You…

A:

Q: b. You have a $20,000 note payable which is due in three years. How much money must you put into a…

A: Solution d: N = 1 PV (Future value of at the end of 3 years) = $20,000 Interest rate (I) = 3%

Q: Create a data table that calculates the Future Value of a 401(k) using the following information:…

A: Here we will use the FV function in excel. The syntax is: FV (rate, nper, pmt) where rate = interest…

Q: You want to be able to withdraw $4000 from an account at the end of each year for the next 19 years.…

A: In the given question we require to calculate the amount of money to be invest today to receive…

Q: You deposit  GHS10,000 today into an account paying 6% annual interest and leave it on deposit for…

A: As per Bartleby answering guideline, we can answer only one question, if student post more than one…

Q: You just opened a brokerage account, depositing $4,000. You expect the account to earn an interest…

A:

Q: nvestment promises to pay into an account that pays you 6 percent annually, $150 per month for the…

A: because you have posted multiple questions, we will answer the first question only, for the…

Q: Ahmed has a savings amount of $ 1,555,000. He wants to deposit in the bank for Interest earnings for…

A: Simple Interest is used to calculate the interest amount on a loan or deposit. It is computed by…

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

Q: open a savings account that pays 5% interest compounded quarterly and he will be making $150 qu…

A: Future value is amount deposited and compound interest earned on that.

Q: Answer the questions below and show all working from a financial calculator. Do not use excel: 1.…

A: The question is based on the concept of  Annuity

Q: You plan to deposit $2,300 per year for 5 years into a money market account with an annual return of…

A: The formula to calculate future value of annuity is given below,

Q: You want to be able to withdraw $50,000 each year for 30 years. Your account earns 5% interest.…

A: This the question of present value of ANNUITY. Annuity is a equal stream of cashflow at equal…

Q: John opens a passbook savings account with $100. It pays 3.5% interest compounded quarterly. What…

A: Future value = Present value(1 + Rate)^Time Future value = $100[1 + (0.035/4)]^(1 * 4) Future value…

Q: Samuel wants to make regular annual payments of size P dollars into an annuity that pays interest…

A: Given : Samuel wants to make regular annual payments of size P dollars into an annuity that pays the…

Q: If you need $40,000 five years from now, what is the minimum amount of money you need to deposit…

A: Formulas:

Q: How many years will it take for you to double your money?

A: Future Value is the accumulation of interest over a specified period of time, on the present value.…

Q: If you need $40,000 five years from now, what is the minimum amount of money you need to deposit…

A: The formula used as follows: Future value=Present value×1+rnnt

Q: (a) A bank account pays 5.5% annual interest, compounded monthly. How long will it take the money to…

A: a) monthly rate = 5.5%/12 2 = 1*(1 + 5.5%/12)n where n is the number of months number of months =…

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: Want to know the answer using simple interest Ron needs to save $60,000 for a down payment on his…

A: PV is the current worth of cash flows that are expected to happen in the future.

Q: Intro You decided to save $1,400 every year, starting one year from now, in a savings account that…

A: Future Value: The future value is the value of an annuity or the sum lump amount after a certain…