what was Joe's initial investment assuming the account will be depleted at the end of year 25

Q: Roger decides to start an investment account by depositing $5,000 today. In one year he will invest…

A: Initial deposit (Year 0) = $5,000 Year 1 Deposit = $500 Year 2 Deposit = $600 Year 3 Deposit = $700…

Q: Jin decided to sell their farm and to deposit the fund in a bank. After computing the interest, they…

A: The provided information are: Withdrawal amount=P480000 for 8 years Starting at the end of 6 years…

Q: Ian loaned his friend $25,000 to start a new business. He considers this loan to be an investment,…

A: Calculation of annual payment and capital recovery schedule: Answer: The annual payment is $7,716.72

Q: Tara invests $3000 today and another $1,500 a year from now until 5 years. She also increases her…

A: Investment Now(Yo)  = $ 3000 For 10years Investment in Y1 = $ 1500 for 9 years Investment in Y2 = $…

Q: Vincent invested his savings into a Registered Retirement Savings Plan (RRSP) at an interest rate of…

A: Interest Rate(Compounded semi-annually) 3.50% Future Value After 1 Year  $…

Q: Jenny puts $200 into a savings account today, the account pays an annual interest rate of 5%, but…

A: Compound interest: Compound interest (also known as compounding interest) is the interest on a loan…

Q: Joshua is saving up to buy a house. He invested $10000 at 3.5% per year, compounded quarterly. He…

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

Q: Dan opens a line of credit at a local bank, and immediately borrows 2080 dollars. 5 months later, he…

A: A financial instrument that provides never-ending borrowing and paying facility to the borrowers is…

Q: Cody invested the profit of her business in an investment fund that was earning 2.25% compounded…

A: Given, The amount of withdrawal is $5000. Interest rate is 2.25% compounded monthly.

Q: Troy Long wishes to deposit a single sum of money into a savings account so that five equal annual.…

A: Total number of periods or years is 5 years Interest rate is 5% Annual withdrawal is $2000 To Find:…

Q: Rocio invests $170.00 a month for 9 years into an account earning 6% compounded monthly. After 9…

A: As per the guidelines, in the case of two or more individual questions, the answer for the first one…

Q: Jino sold his house. In addition to cash, he took a mortgage on the house. The mortgage will be paid…

A: Present value is also known as a present discounted value, in which the future value of cash inflows…

Q: Peter makes a deposit at the end of every three months into a savings account that earns interest at…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: Juan decided to start savings for college.  He deposited $500 into an account which earns 4% simple…

A: Simple interest is the interest that is determined on the original deposit made to the account. In…

Q: Jessica invests $4500 today and another $1,000 a year from now until 5 years. She also increases her…

A: Investment in year 0 = 4500 for 10 years Investment in year 1 = 1000 for 9 years Investment in year…

Q: You start working at age 23 and you plan to deposit $5,100 in a savings account every year (end of…

A:

Q: Harold starts saving in order to fund his children's education. He decides to deposit $120 each…

A: The value of an asset at a future date is called future value.

Q: Your uncle Harry Potter started allotting ₱60000 at the end of each year for 25 years. One year…

A: Amount deposited every year is P60,000 Time period is 25 years Interest rate is 5% To Find: Amount…

Q: Julie deposited some money in a savings account this morning. Her money will earn 5 percent…

A: Computation:

Q: Jasmine invested a certain amount in a bank compounded semi-anually. The bank told her that the…

A: First  we need to calculate the interest rate. Given,  Amount will be doubled in 5 years and it is…

Q: deem invested $800 in an account that pays 4.25% interest compounded annually. Assuming no deposits…

A: Future value of money includes the original deposit and compound interest on the money.

Q: awn invests $2000 each year of 10 consecutive years, starting at age 25. Assume an 8% annual rate of…

A: Here, Annual Payments is $2,000  Time Duration of Investment is 10 years Interest Rate is 8%

Q: At the age of 25 Riley starts saving for retirement. If his investment plans pay an APR of 6%…

A: We will use the concept of time value of money here. As per the concept of time value of money the…

Q: Derek currently has $13,602.00 in an account that pays 5.00%. He will withdraw $5,708.0O every other…

A: The characteristics of withdrawal vary depending on the drug being stopped. Anxiety, fatigue,…

Q: John is currently 25 years old. He has $10,000 saved up and wishes to deposit this into a savings…

A: John age = 25 years he saved up to = $10000     annual interest rate = 6% 0.06/12 = 0.005  every…

Q: A. Twin #1 (at age 23) invests $2000 at the end of each 6 months for 10 years only, till he reaches…

A: Half-yearly Payment = $2,000 Time period = 10 years  Interest Rate = 8%  The future value of this…

Q: Cristina invests $140.00 a quarter for 9 years into an account earning 9% compounded quarterly.…

A: Note: Hi! Thank you for the question As per the honor code, We’ll answer the first question since…

Q: Ed wants to have $10, 000 in 5 years. He opens a savings account in a bank which pays 7.2% interest…

A: Amount Required after 5 years = $10,000 Interest rate = 7.2% Interest Rate Monthly (r) = 7.2%/12 =…

Q: Jacqueline invested the profit of her business in an investment fund that was earning 2.50%…

A: Let the amount invested in the fund be $ X. Interest rate = 2.50 % compounded monthly The money is…

Q: 4. Rodel decided to sell their farm and to deposit the fund in a bank. After computing the interest,…

A: The regular or lump-sum amount that is received or paid after a specific time period rather than…

Q: A man deposits 43,799 each year into his savings account that pays 2% nominal interest compounded…

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

Q: Danny wants to save some money using the following schedule. Starting today, he will make $100…

A: Future value of annuity ( FVA) is stream of recurring cashflow compounded at specified rate to…

Q: Tara invests $3000 today and another $1,500 a year from now until 5 years. She stops investing from…

A: Calculation of Future worth of Investment 5 years from now Future value = ($ 3,000 X Future value…

Q: Matt plans to start his own business once he graduates from college. He plans to save $3,000 every…

A: Compute the semi-annual interest rate as follows: Compute the no. of half-years as follows:

Q: Rahmat plans to withdraw his money RM 3,090 each year for five years, beginning at the 14th year. To…

A: Here, To Find: Part 1. Cash flow diagram =? Part 2. Amount of deposits for 12 years =?

Q: Matthew invested the profit of his business in an investment fund that was earning 3.75% compounded…

A: Data given: APR( monthly) = 3.75% Semi-annual withdrawal = $ 2500 No.of years to first withdrawal =…

Q: Mr. Arman has decided to start saving for his retirement. Beginning on his twenty-sixth birthday,…

A: It is required to find the future value in the accounts of Mr. A and Mr. J to know who will be…

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

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: John won a lottery. After taxes, he was able to take home his winnings worth $510000. He decides to…

A: We need to use compound interest formula to solve this problem A=P(1+i)n Where A=Future amount P=…

Q: Rodel decided to sell their farm and to deposit the fund in a bank. After computing the interest,…

A: Given:Withdrawl amount=P480000 for 8 yearsStarting at the end of 6 years (It is the time of his…

Q: Bob has deposited $10,000 at the end of each year into a saving account for the last 12 years. His…

A: Future value: Value of $1 today is different, value of $1 in future. $1 today is more valuable than…

Q: Peter makes a deposit at the end of every three months into a savings account that earns interest at…

A: Interest earned on savings - 3.2% quarterly Period for which it is saved - 9 years Conversion of…

Q: Sean plans to invest $10,000 in a savings account that pays 1.5% compounded quarterly. His friend…

A: Using the FV function in excel

Q: Mr.Sarwar wants to save $2000 after every 6 months in a financial institution, which pays him…

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

Q: Ian loaned his friend $20,000 to start a new business. He considers this loan to be an investment,…

A: Total Loaned amount is $20,000 Interest rate is 6% Time period is 4 years To Find:- Annual Payment…

Q: Last year, Charlie had $30,000 to invest. He invested some of it in an account that paid 10% simple…

A: Simple interest is one of the methods of calculating interest in which interest is calculated only…

Q: Please help me answer the following time value of money question. Michael makes a $500 investment.…

A: Investment = Present value = $500 Value of investment after 5 years = Future Value = $700 Time…

Q: From age 20 to 35, Susan deposits $350 semi-annually in a savings account paying 6.12% compounded…

A: Time value of money concept is used to determine the worth of money today is different from that in…

Q: Last year Jane's grandmother offered to put enough money into a savings account to generate $5000 in…

A: Interest Payment = 5000 Time Period = 1 year Rate of return = 6%

Q: Jennie invested a certain amount in a bank compounded semi-anually.The bank told her that the…

A: Solution:- When an amount is deposited somewhere, it earns interest on it.  The amount invested is…