Sarah wants to have $20,000 in nine years. If she puts the money in an account which pays 4% compounded monthly, how much does she need to invest?

Q: The Weidmans want to save $40,000 in 2 years for a down payment on a house. If they make monthly…

A: Given that;Future value is $40000Interest rate is 12%We need to take the present value as $0

Q: Rebecca wants to set aside some money for a vacation in 8 years. How much does Rebecca need to set…

A: AMOUNT REQUIRED AFTER 8 YEARS(A)=$4700 RATE OF INTEREST(R)=13% COMPOUNDED ANNUALLY TIME PERIOD=8…

Q: Kiki bought a computer for Rp. 8,000,000, -. If he bought it With credit, he must prepare advance…

A: The portion of the purchase price of goods and services that are paid immediately at the time of…

Q: If Martha puts P1,000 in the bank today at 6%, how much will she have in three years? *

A: It is not given here whether Martha puts this money at simple interest or compounding interest,…

Q: If money is worth 5% compounded quarterly, how much must Cristina save every end of three months to…

A: Money save in every quarter can be calculated using the formula of future value of annuity.

Q: Rosa Burnett needs $4,000 in three years to make the down payment on a new car. How much must she…

A: Future value required for car = $4,000 Interest Rate = 2.5% Time period = 3 years

Q: Gabriel is able to save 10,000 pesos every month from his salary. If he decides to invest in a…

A: >Future value of any amount invested is the sum total of amount invested and the interest earned…

Q: EBEYAYEE" Ltd. has a goal to have GH $50,000 saved by the time she turns sixty- five, which is forty…

A: Present value will be calculated after discounting the future value at present. Present value will…

Q: If Martha puts P1,000 in the bank today at 6%, how much will she have in three years?

A: Future Value- Future value (FV) is the worth of a current asset at a future date based on an assumed…

Q: Justine is thinking about purchasing an investment from RCBC Capital. If she buys the investment,…

A: Receipts = 1000 every quarter for 2 years Beginning of period payments Time Period = 2 years * 4 = 8…

Q: Ann invests $1000 today in an investment that has APR of 9.8% and is compounded monthly. How much…

A: 1) Future Value = Present value * (1+r)^n Where, r =rate of interest per period i.e. 9.8%/12 =…

Q: Sam wants to have $160,000 in four years from now. She found an investment, earning 6% per year,…

A: The amount that should be invested now to earn a certain sum of money in the future is equal to the…

Q: You have a client who wants to buy a house in 2 years. He needs $40,000 for a down payment. If he…

A: in this problem we have to calculate quarterly interest rate and from that we can get present value.

Q: Bob and Pat want to purchase a vacation home in ten years and need $45,000 for a down payment. How…

A: Time value tells that money received today has more value than that of receiving exact value later…

Q: Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with…

A: Time value of money is the concept that says the monthly savings will increase portfolio value at…

Q: Patrick makes payments of $250 per month at the end of each month. At the end of 10 years, he wants…

A: The rate of interest required to have the desired amount can be calculated with the help of rate…

Q: Katy has decided she wants to put money aside for a $8000 downpayment on a house. She figures she…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: Christopher wants to have 50,000 pesos in 4 years by saving equal regular payments. He can make a…

A: Present value is the sum of the current value of money of future cash flows. It is also known as a…

Q: Kayla wants $7,000 saved in 4 years to make a down payment on a house. How much money should she…

A: Amount that needs to be invested now to meet her goal = 5795.20

Q: Bianca wants to have Php 60,000 in the future. If she decides to deposit 1000 at the end of every…

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

Q: Anna is buying $17,000 worth of rare coins as an investment. The dealer is charging her an annual…

A: Add-on interest loans combine the principal and interest into one amount that is owed and later paid…

Q: In 6 years Dawn wants her current savings of $3700 to grow to $7300? What per annum rate, compounded…

A: Current saving (P0) = $3700 Future value after 6 years (FV) = $7300 Annual rate (r) = ? Period (p) =…

Q: what is the size of the payments

A: Compound interest is the amount of interest earned over the interest. Under this method the…

Q: Rose has saved $90 000. If she decides to withdraw $4000 at the beginning of each month and interest…

A: Present value is the value of the amount in current time that is expected to be received in future…

Q: Kristi Perez puts $10,500 into an account to save money to buy a car in 12 years. She expects the…

A: We require to calculate the interest rate from following details given in the question: Current…

Q: The Weidmans want to save $25,000 in 4 years for a down payment on a house. If they make monthly…

A: FORMULA FOR MONTHLY PAYMENT: PMT = P×rm1-1+rm-m×n p = principal r= rate of interest m = frequency of…

Q: Hannah wants to have $ 6500 to help pay for a new deck in 16 years. If she wants to put her money…

A: Future value required (FV) = $6500 Period of investment (n) = 16 Years Value of e = 2.7182818285…

Q: Mary wants to have $14000 for a trip to Mexico in five years. How much does she need to deposit at…

A: The future value of annuity would be considered the value accumulated in future with a view to…

Q: Faisal has $14,000 in his savings account and can save an additional $4200 per year. If interest…

A: The time value of money concepts can be used to estimate the number of periods it will take to…

Q: Tony wants to have $10,000 in 10 years after investing in an account that earns 4.6% compounded…

A: Future value is $10,000 Time period is 10years Interest rate is 4.6% Compounded monthly   To find:…

Q: Hannah wants to have $1500 to help pay for a new deck in 13 years. If she wants to put her money…

A: Present Value = Future value / e^rt Where r = 8.50% t = 13 years

Q: The Jones want to save $95,000.00 in 5 years for a down payment on a house. If they make monthly…

A: A down payment is often paid in cash in the early stages of a purchase of an expensive service or…

Q: Kelvin has 45 years left until retirement and wants to retire with RM4 million. Assuming that his…

A: First we need to calculate he monthly payment to accumulate the amount required for retirement .…

Q: Melissa wants to retire with $45,000 per month.she needs $4,500,000 in principal at the time she…

A: Simple interest is computed by multiplying the daily interest rate by the principal and  later by…

Q: A student wants to save up for a car, assuming that he/she would be able to save up a certain sum…

A: Given information, Time Period = 4 years*12 =48 periods (when period is monthly) Future Value of…

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: Hilary just invested $2,000 in a security that will earn 6% interest each year. How much will she…

A: Given: Present value (PV) = $2000 Rate of interest (r) = 6% = 0.06 Time period (n) = 12 years

Q: Sofia and Manuel are purchasing a home. They wish to save money for 15 years and purchase a house…

A: Given: Time =15 yearsMonths =15×12=180Value of House =$200000Rate =5% compounded…

Q: Your aunt is planning to invest in a bank CD that will pay 7.5% interest semi annually. If she has…

A: SEMI ANNUAL INTEREST RATE  (7.50%/2) 3.75% PERIOD (4*2) 8 PRESENT VALUE $5,000 PMT 0

Q: Becca wants to save $900 per quarter for 3 years towards the purchase of an appliance. She feels…

A: Total number of  quarters  in 3 years  = 4 quarters  × 3 years = 12 quarters  Thus, Becca will…

Q: If you desire to have $10,000 for a down payment for a house in five years, what amount would you…

A: Calculation of Amount to Deposit Today:The amount to deposit today is $7,835.26.Excel Spreadsheet:

Q: How long will it take for Michelle's investment to be worth $55,000 if she presently has $32,000 and…

A: In the given question we require to compute the time period from the following details: Present…

Q: Kurt wants to have RM25,000 in an investment account four years from now. The account will pay 0.2…

A:

Q: If you save $25 per week by bringing your lunch to school for 4 years, 12 months per year, and you…

A: There are two types of annuity that we could calculate: Ordinary annuity and Annuity due. The…