Megan Brink is offered the possibility of investing $6,651 today at 6% interest per year in a desire to accumulate $10,000. How many years must Brink wait to accumulate $10,000?

Q: John wants to have 30,000 in 10 years from investing with a 4% interest rate compounded quarterly.…

A: Present Value is the current value of all the cash flows which is to be received in the future which…

Q: An investor has purchased an investment which offers him 30 annual payments of dollar 1,200 per…

A: To find the present value of the investment, we will first define where the payments are made. We…

Q: Chester hopes to earn $1200 in interest in 2.5years time from $60,000 that he has available to…

A: The annual interest rate that is charged by the lenders or at which the investors earn additional…

Q: A young man has decided to go into business at the age 40. He wishes to accumulate P 200,000.00 at…

A: Future Value = 200,000 Current Value invested = x Deposit will increase each year by 10% Rate = 9.6%…

Q: Steve Madison needs $250,000 in 10 years. How much must he invest at the end of each year, at 5%…

A: Annuity amount = Futur value of annuity amount / {[(1+r)^n-1] /r}

Q: A. Jug pays $9,500 for an investment that pays an annual dividend of $500. The investment has a face…

A: Holding Period Return: The overall return obtained from owning an asset or portfolio of assets over…

Q: You have $11,489.64 in a brokerage account, and you plan to deposit an additional $5,000 at the end…

A: Given: Present value (PV)= $ 11489.64 PMT = $5000 Future value (FV) = $200, 000. Rate = 11% = 0.11

Q: You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end…

A: Given: PV = Present value = $42,180.53 PMT = Annual payment = $5,000 Future value value = $250,000…

Q: You plan to invest $1,200 at the end of year 1, $2,000 at the end of year 2, and $3,700 at the end…

A: Given data; Amount deposited at the end of year 1 = $1200 Amount deposited at the end of year 2 = $…

Q: An engineering student decides to accumulate $500,000 by her sixt pects to start by investing a…

A: Explanation of Concept:-  Annual worth concept which is been used in the present problem states that…

Q: Suppose Kay inherits $250,000, which she invests today at a rate of return of 9 percent compounded…

A: Future value of any investment is the total of compounded value of the investments made initially…

Q: Candice Willis will invest $30, 000 today. She needs $150, 000 in 21 years. What annual interest…

A: Following details are given in the question: Investment today (Present Value) = $30000 Value of…

Q: could you go step by step on how to solve?

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

Q: Mr. Lau is updating his estate plan for himself and his family. He would like to provide an income…

A: Life insurance provides financial coverage provided by insurance companies after the death of…

Q: You want to invest a lump sum at 5% interest so as to have $100,000 in 20 years. If you find an…

A: The Present Value of a lump sum: The Present Value of a lump sum can be computed with the formula:

Q: Kershaw wishes to accumulate $2 million by the end of 40 years by making equal annual end-of-year…

A: The Future Value of the annuity refers to the sum value of all the payments which is occurred…

Q: You have $22,241.93 in a brokerage account, and you plan to deposit an additional $4,000 at the end…

A: Present Value = $22,241.93 Future Value = $220,000 Interest Rate = 10% Periodic Payment = $4,000

Q: Mike Gordon wishes to have $80,000 in five years. If he can earn annual interest of 2%, how much…

A: Amount need to invest today = Amount required at the end of 5th year x PVIF (2%, 5 years)

Q: Becky would like to be a millionaire in 20 years. How much would she need to invest quarterly in a…

A: Here, Required Amount is $1,000,000 Time Period (n) is 20 years Interest Rate (r) is 9% Compounding…

Q: Blushing Rose invests $1,000 into her Roth IRA. She can increase thisinvestment annually by $1,000…

A: The computation is as follows:

Q: Frank invested $10,000 at 15% simple interest. How much interest will he earn each year?

A: Under simple interest, interest is calculated on the principal amount only; that is, interest is not…

Q: Hannah plans to invest $6,500 at the end of each year for the next eight years. Assuming a 10%…

A: The amount which represents the value of investment after a specified period is known as future…

Q: JAX, Inc. has been offered the opportunity of investing $177,604 now. The investment will earn 7%…

A: The present value is the amount of investment made by the company or individual in the current time,…

Q: An individual has $1,000 to invest. He wants to accumulate $3,670 and can earn 8% annual interest on…

A: In this question we need to compute the number of years required to accumulate $3670. Other details…

Q: A businessman wants to have $500,000 four years from now. What amount should he invest now if it…

A: Final amount required = $500000 Let the amount to be invested today = P Interest rate for first 2…

Q: Mike Gordon wishes to have $80,000 in five years. If he can earn annual interest of 2%, how much…

A:

Q: Laura has decided to invest $5,000.00 at the beginning of the quarter for 10 years. If the interest…

A: Annuity refers to series of equalized payments that are made either at start or end of specific…

Q: Stephanie Watson plans to make the following investments beginning next year. She will invest $2,886…

A: Future value of a single sum can be calculated by using this formula Future value =PV(1+i)n Where PV…

Q: Tom Thompson expects to invest $10,000 at 12% and, at the end of a certain period, receive $96,463.…

A: Future value of an annuity: It refers to an amount received or paid equally for a specified number…

Q: An investor is 50 years of age today. He will retire at the age of 60. In order to receive Tk.…

A: Retirement planning is the planning for securing the future from uncertainties. This is to be done…

Q: Stuart Daniels estimates that he will need $26,000 to set up a small business in 7 years. (a) How…

A: The concept of the time value of money states that money earns interest and hence, money held today…

Q: After graduation you plan to work and stay for 10 years and then start your own business. You…

A:

Q: Sanka Blunck wants to receive $8,000 each year for 20 years. How much must Sanka invest today at 4%…

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

Q: Ken Francis is offered the possibility of investing $2,745 today; in return, he would receive…

A: Interest rate: It can be defined as the percent of the principal loan balance, charged by the lender…

Q: Carla Willis will invest $26,000 today. She needs $52,317 in 12 years. What annual interest rate…

A: Future Value=Present Value(1+i)^12 52317=26000(1+i)^12 (2.0122)^1/12=1+i i=1.06-1 i=6%

Q: fyou invest $10,000 on the last day of each year for ten years at 8% how much money will you have in…

A: In the given question we require to calculate the future value from following details: Investment at…

Q: invest

A: Formula to calculate PV or amount to be invested now is: PV = FV/(1+r)^n Where PV is the present…

Q: Joe Pierce has been offered the opportunity of investing $178,556.90 now. The investment will earn…

A: Initial investment = $178,556.90 Interest rate = 0.08 Accumulated value = $500,000 Period = ?…

Q: Tanysha plans to invest $15,000 at the beginning of each year for the next 10 years. If her invested…

A: An annuity is defined as the series of payment made each year for a definite period of time. In…

Q: JAX, Inc. has been offered the opportunity of investing $128,729 now. The investment will earn 8%…

A: Compound interest formula: A=P×1+rnn×t where,  A = final amountP = initial principal balancer =…

Q: Steffi Derr expects to invest $10,000 annually that will earn 8%. How many annual investments must…

A: Future value: It can be defined as the value of an investment or any asset at a specified future…

Q: Lucky Lindy has just won $20,000 and wants to invest it for 12 years. There are three plans…

A: Here, Present Value(PV) = Initial Investment Rate (r) = Rate of Interest Time of maturity (n) Future…