Shaikha is investing 472 today and will continue to do so at the beginning of each year for the next 9 years for a total of 10 payments. If the investment will earn her 9% how much will she have at the end of the period?

Q: Abby has decided to invest $60 at the end of each month into a retirement plan that has an annual…

A: Computation of the money that will be saved by Abby at the completion of 8 years is shown:

Q: An engineer will deposit 10% of her salary each year into a retirement fund. If her current annual…

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

Q: Aira is planning to deposit RM10,000 today in Investment account that pays interest of 8% per annum.…

A: Amount of money in the account at the end of year 10 is the future value of the amount at the end of…

Q: Kun is thinking about investing $4,000 at the end of each year for 30 years in a tax-sheltered…

A: Annual investment (P) = $ 4,000 Interest rate (r) = 8.5% Number of annual deposits (n) = 30

Q: Mr. Hopper expects to retire in 30 years, and he wishes to accumulate $750,000 in his retirement…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: Katrina is planning to make an additional investment at the end of each year for his retirement in…

A: Future value of an amount can be calculated by compounding that amount by using the interest rate…

Q: To save money for her son's college tuition, Nicole invests $96 every month in an annuity that pays…

A: Future value of investment includes the amount deposited and interest being accumulated over the…

Q: Jessica is 25 year old now and he wants to start saving up for her retirement fund.She will retire…

A: Retirement planning is the calculation of requirement of a lum sum corpus for the time period when a…

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: Jeremy is investing $5,000 today and will do so at the beginning of another nine years for a total…

A: The future value of the annuity due is the future worth of a cash flow series receivable/period at…

Q: how much will be in the account at the end of the 20years?

A: Future Value: It is the future worth of the present annual cash flow stream and is computed by…

Q: Siri plans to retire when her simple annuity savings account has enough money to receive 10000.00…

A: We need to use excel FV function to calculate future value of payment and NPER function for…

Q: Caroline invest $100 on the last day of each month into an account earning 8% interest, compounded…

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

Q: Freya plans to invest $1,600 every six months for 25 years. How much will this investment be worth…

A: Given information: Investment every 6 months : $1,600 Time period : 25 years Rate of interest : 8.2%

Q: Sarah Wiggum would like to make a single investment and have ​$2.0 million at the time of her…

A: Future value (FV) = $2,000,000 Rate of return (r) = 0.04 Period (t) = 35 years Present value (P0) =…

Q: Shaikha is investing 121 today and will continue to do so at the beginning of each year for the next…

A: Annuity Due: It is possible to have a payment due immediately at the beginning of each month if you…

Q: How much money should Abigail invest today into a fund that earns interest at 3.75% compounded…

A: Since interest rate is compounded quaterly and payment of annuity is made semi annually, we need to…

Q: Michael Jones plans to save $5,928 every year for the next eight years, starting today. At the end…

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

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: An engineer planning for her retirement will deposit 15% of her salary each year into a stock fund.…

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

Q: Anuonyam plans to deposit GH¢80 in an account at the end of each of the next 20 years. If the…

A: Honor code: Hi, there, Thanks for posting the question. As per our Q&A honor code, we must…

Q: You are going to receive a payment at the end of each year for the next 12 years. If you invest each…

A: The future Value of an investment is an estimation of receiving some amount after some period of…

Q: James Smith plans to save $4,000 every year for the next eight years, starting today. At the end of…

A: A deposit of $4000 is made every year starting from today. Number of years of investment is 8 and…

Q: Maryann is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of 5…

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

Q: Jesse wants to have $1,400,000 in his retirement account 45 years from today. If his account earns…

A: For amortizing loans, the monthly deposits formula is: Loan Payment (P) = Amount (A) / Discount…

Q: Mary just deposited $33,000 in an account paying 10% interest. She plans to leave the money in this…

A: In  the given question we require to compute the amount mary will have in account at the end of…

Q: How much money should she save at the beginning of each 3 months

A: Value at a future point of time is equal to sum of savings made and interest on those savings.…

Q: Mr. Areola is planning to make an additional investment at the end of each year for his retirement…

A: Future value of his deposits needs to be calculated at a rate of 11%. Refer to the excel for the…

Q: When he started work on his twenty-first birthday, D. B. Cooper decided to invest money each month…

A: Given information: Future value is 1,000,000 Present age is 21 Retirement age is 60 Interest rate…

Q: When she turned 30, Arwen started depositing $400 per month in a retirement account that earns 2.4%…

A: An annuity is a series of cash flows that contain a fixed amount for a specific duration at equal…

Q: Ms. Lee is thinking about her retirement fund and she still have another 15 years to reach her…

A: Annual deposit (P) = RM 4,800 Annual interest rate (r) = 6% Number of annual deposits (n) = 15

Q: Rosina plans on saving $2000 a year and expects to earn an annual rate of 6.9 percent. How much will…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: Sally has decided to invest $70 at the end of each mouth into a retirement plan that has an annual…

A: Computation:

Q: nd invests P20,000 for 40 years in an account earning 9% interest per year. How much will she…

A: Future value = Present value (1 + rate)^periods Future value = 20,000 (1 + 0.09)^40 Future value =…

Q: Debbie invests $5,500 in her IRA account each year for 40 years.  If she earns 7% return annually on…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

Q: Shaikha is investing 281 today and will continue to do so at the beginning of each year for the next…

A: Use the Excel FV function with the following inputs to determine the investment value at the end of…

Q: To help out with her retirement savings, Kaitlin invests in an ordinary annuity that earns 4.8%…

A: Rate of Interest = 4.8% Compounded Monthly Time Period(t) = 18 years  n = 12 Future Value = $97,000…

Q: Manuel plans to set aside money for his young daughter’s college tuition. He will deposit money in…

A: Ordinary annuity is regular deposits at the end of each period. To calculate monthly deposits for a…

Q: Starting next year, Moussa Al Khatib will need $10,000 annually for 4 years to complete his…

A: Given information: Amount needed in next year $10,000 Number of years 4 Interest rate is 5%.

Q: Morgan Madison needs $339,200 in 10 years. How much must he invest at the end of each year, at 9%…

A: In the given question we need to calculate how much Morgan madison needs to invest at the end of…

Q: Aini wishes to have 93,000USD to purchase a car in 6 years as part of her financial goals. How much…

A: Future Value = 93,000 USD Time Period = 6 Years Interest Rate = 8%

Q: Soledad decides to save P2,700 at the end of every 6 months, which is the amount paid into her…

A: Future Value = P x [{(1 + r)^n} - 1] / r Here, P = Periodic Payment i.e. P2700 r = Periodic Interest…

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: Jennifer establishes an investment account to pay for college expenses for her daughter. She plans…

A: Given: Effective interest rate = 11% Annuity is the regular payment to be made at a regular…

Q: Tony Bautista needs $25,000 in 4 years. What amount must he invest today if his investment earns 12%…

A: The common formula used to calculate is Future value = Present value (1 +r )^n

Q: Donna enters into an investment contract that will guarantee her 4% per year if she deposits $3,500…

A:

Q: Jasdeep plans to deposit $150 at the beginning of each month for 20 years. If the account earns 7.2%…

A: In finance, the term annuity shows the sequence of periodic cash flows over a particular time…