Who has more savings at the end of 10 years

Q: What is the future value of an initial $100 after 3 years if it is invested in an account paying 10…

A: Future value is defined as the current asset value at the date of future on the basis of an assumed…

Q: How much money will be in a bank account at the end of 15 years if $100 is deposi ted today and the…

A: Following details are given in the question : Deposit today (Present value) = $100 Time period = 15…

Q: You want to retire in 25 years. You currently have $200,000 saved and you believe you need…

A: The concept of time value of money will have to be used here.  As per the concept of time value of…

Q: How much will you have saved after 6 years by contributing $1,200 at the end of each year if you…

A:

Q: If you invest $10,000 today at 8% how much money will you have in five years?

A: Details given in the question are  : Present value (invest today) = $10000 Interest rate = 8% Time…

Q: If you want to retire with $2,000,000 in 45 years and can earn a rate of 10% with monthly…

A: The retirement amount to be required (FV) is $2,000,000. The maturity period is (NPER) 45 years. The…

Q: How much must be invested today to have $1,000 in two years if the interest rate is 5%? please show…

A:

Q: What is the present value of your-end-of-year investment of $1000 per year, with the first cash flow…

A:

Q: You plan to save $4,800 at the end of each year for the next 8 years. How much money will you…

A: Future value is to be calculated , rate of interest is 4% and time is  year by paying regular…

Q: How much would you need to save each month during the last 30 years of your career to have $700,000…

A: Answer:   $1,008.57

Q: Assume you have a student loan that you will pay off in 10 years. How much would you save an…

A: The question is related to refinancing the loan at lower interest rate which was originally financed…

Q: what rate of return must you earn on that savings to hit your goal

A: Time value of money (TVM) means that the amount of money received in the present period will have…

Q: What is the present value of receiving $4,000 per year for 10 years? Your annual required rate of…

A: It can be calculated using PV formula in excel PV (rate, nper, pmt, [Fv], [type]) Rate The interest…

Q: Suppose you invest $1,000 in an account paying 10% interest per year. How much will you have in the…

A: In this question future value is to be find out. Future value is the value of an asset which grows…

Q: A company is expected to result 2900$ savings first year then increase by 200$ annually, if the rate…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: How much should you invest each month in order to have $700,000 if your rate of return is 6.9%…

A: Periodic Amount that need to be invested is calculated using the formula future value of annuity.…

Q: Suppose that you have $100 to invest for a period of 5 years at an interest rate of 10% per year.…

A: Given: Present value $100 Years 5 Annual rate  10%

Q: Suppose you are planning to save BDT 2,000 at the beginning of each of the next 10 years with 12%…

A: Annuity due is a term which describes a series of payments or savings that are equal at the…

Q: Someone wants to save a sum of money. They are planning to save for a 5 year period with a deposit…

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

Q: What annual rate of return is earned on a $3,300 investment when it grows to $7,100 in nineteen…

A: 4.11%

Q: What return per year would you need to receive in order to double your money in 8 years?

A: Assume the present value = $100 Future value =Present value × 2 = $100 × 2= $200 Time period = 8…

Q: If you invest $10,000 today at 4% how much money will you have in five years?

A: Details given are : Present value (invest today) = $10000 Interest rate = 4% Time period = 5 years…

Q: What annual rate of return is earned on a $1,000 investment when it grows to $2,700 in eight years?

A: Future value is the value of assets at a future date given a growth rate. This is used for financial…

Q: If you wish to save $100,000 at the end of 5 years, how much will you need to invest each month if…

A: Compounding of interest means the interest rate will be applied on the accumulated principal plus…

Q: a) Let's say you invest $10,000 into each account. What is the final amount after 10 years? b) How…

A: Future Value: It represents the future worth of the present amount and is estimated by compounding…

Q: You purchase an investment for $1,000. You expect it will increase in value at a rate of 9% per…

A: Initial Investment is $1,000 rate is 9% per yeat time period is 12 years   To Find:- Worth of…

Q: If you pay $500 for an investment that returns $600 in 1 year, whatis your annual rate of return?…

A: Future value = Present Value * (1+r)^n Where, r = rate of interest  n = no. of years

Q: will increase in value at a rate of 4% per year. If your expectations are correct, how much will…

A: Future value: It is the future worth of the investment growing at a particular rate of interest.…

Q: what is the internal rate of return of $10,000 investment that yields an annual benefit of $2,400…

A: Using IRR function in excel

Q: What is the future value of the 10% savings from earnings of $187.45 if it earns 5% annual interest,…

A: Monthly savings, A  = 10% of earnings of $ 187.45 = $ 18.745Interest rate per period = Interest rate…

Q: You estimate that by the time you retire in 35 years, you will have accumulated savings of $2…

A: This is typical problem of present value of growing ANNUITY.

Q: What is the future value of a series of $4,500 annual payments received at the end of each of the…

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

Q: How much should you invest each month in order to have $800,000 if your rate of return is 3.6%…

A: future value=A×1+rmm×n-1rm A=annuity r=rate of interest m=frequency of compounding n-number of years

Q: If you invest $10,000 at 10% for 10 years, what is the investment worth after 10 years?

A: The formula to calculate future value is provided below:

Q: What would be the value of a savings account started with $1,200, earning 3 percent (compounded…

A: We need to calculate the value of the account after 10 years by using future value of a single…

Q: If you invest $10,000 today at 8% how much money will you have in ten years?

A: In the given question we require to calculate the future value of the investment from following…

Q: You want to save money for retirement. Your savings pattern is as follows: First 5 years: You save…

A: Retirement Savings The purpose of adopting savings which are useful to the retirement life of the…

Q: How how much will you have in the account after 10 years if the account earns an effective annual…

A: Future Value: It represents the future worth of the present stream of cash flows. It is computed by…

Q: You have just celebrated your twentieth birthday and you believe you will spend Rs 120,000 a year…

A: PV of annuity is as follows:

Q: expected to earn an average annual return of 10.3 percent over the next three years, how much will…

A: NOTE: As per our policy we only answer one question when many are provided. The first question 6.12…

Q: You have a financial goal to reach: $1,000,000 when you retire. You are currently 20 years old and…

A: Given: Future value (FV) = $ 1000000 Number of periods (n) = 60-20 = 40 Return (r) = 0.15

Q: How much should you invest each month in order to have $500,000 if your rate of return is 3.9%…

A: Here we will use the concept of time value of money. As per this concept worth of money changes with…