You choose to invest your $2,985 income tax refund check (rather than spend it!) in an account earning 5% compounded annually. How much will the account be worth in 30 years?     PROVIDE THE FOLLOWING FOR EACH PROBLEM N= I= PV= PMT= FV= C/Y= P/Y =

Q: uit buying vendor coffee for one year $4,483.97 and decided to contribute $2,400 (you saved $200 per…

A: The value of the money at retirement is the future value of the savings.

Q: You deposit P10,000 today in savings account that pays 3% interest, compounded annually. How much…

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

Q: suppose you put $1500 into your IRA this year. You do not make any additional contributions to the…

A: given, pv = $1500 r=10.5% n = 42 years

Q: 25. Donald Trump invests $3 million in a bank that promises to pay 4 percent annual interest rate…

A: Given information: Investment amount : $3,000,000 Rate of interest : 4% annually Time period : 365…

Q: You choose to invest $2,985 income tax refund check (rather than spend it) in an account earning 5%…

A: Formula:

Q: After paying off a car loan or credit card, don’t remove this amount from your budget. Instead,…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: If you saved an average of $2,900 each year from your income tax return, $1,050 for not buying…

A: Income Tax Savings = 2900 Savings for not buying vendor coffee = 1050 Additional Savings = 2400 End…

Q: If you saved an average of $2,900 each year from your income tax return, $1,050 for not buying…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: You are saving for retirement. To live​ comfortably, you decide you will need to save $3 million by…

A: Solved using Financial Calculator N = 65-20+1 = 46years I/Y = 10 FV = 3 million CPT PMT = 3,788.86

Q: 2. An brokage house employee is trying to sell you investment instrument, which for a single amount…

A: Present value = Annuity * PVAF ( rate, years ) Present value = Amount * PVIF ( rate, years )

Q: 1. Suppose you are paid $2400 per month and your employer's 401(k) matches your contributions by 50%…

A: The question is based on the calculation of future value of deposit  made in retirement account…

Q: Please do 26, 27

A: 26) correct option is C      i.e. 16.94 % Explanation : Annuity PV factor = P [1-(1+r)^-n]   /   r%…

Q: An investment company pays 9% compounded semiannually. You want to have $16,000 in the future. (A)…

A: Compound interest is the addition of interest to in other words, the principal amount of a loan or…

Q: Question 10

A: Futura value annuity formula is used to calculate the value of the retirement account which earns 9%…

Q: Q9. Your uncle gives you $92,000 as a gift. Rather than give you a lump-sum, your uncle structures…

A: Annuity means a finite number of payments which are the same in size and made in equal intervals of…

Q: V. You want to save $2,000 today for retirement in 40 years. You have to choose between the two…

A: Roth and Regular IRA's are retirement accounts which are offered by financial institutions to…

Q: ​(a) The worker wants to estimate what they will have for retirement when they are 60 years old if…

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

Q: You choose to invest your $3,435 income tax refund check (rather than spend it) in an account…

A: Investment (PV) = $3,435 Interest rate (r) = 6% Period (t) = 30 Years

Q: "Lin is wants to earn an amount of $28399. She heard that ABC Bank is accepting investments to be…

A: Investment amount (P) = $ 3126 Interest rate (r) = 3.61% Period = t Future value required (FV) = $…

Q: If an investor intends to double $25,000 by investing in a bank that pays 7% interest per year,…

A: The time required to double the investment can be calculated by using the formula of future value .…

Q: 1. Shanice Johnson, of Philadelphia, Pennsylvania, wants to invest $4,000 annually  for her…

A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: Lee wants to know how much he will have available to spend on his trip to Costa Rica in 2 years if…

A: The amount available to spend is calculated as future value of account.

Q: Question 13 You are currently paying $325 in interest on your credit cards annually. If, instead of…

A: Since its a tax deferred account, no tax will be paid in intermediate years. Instead of paying…

Q: How many years will it take to reach your goal?

A: For finding out the number of years to achieve a goal one can use excel to find this number. In…

Q: You choose to invest your $3,110 income tax refund check (rather than spend it!) in an account…

A: Future Value(FV) is worth of current amount at future time that is computed by compounding that…

Q: suppose you are planning to buy a home in 8 years from now that costs you 47114 OMR, How much should…

A: Following is the answer to the given question

Q: 13. You have just made your first $4,000 contribution to your retirement account. Assuming you earn…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: You want to save P85,000 for future family vacation (three years from now). If the bank pays 8.5%…

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

Q: 11. Faisal is 25 years old, and his salary next year will be SR 130,000 per year. He expects that…

A: Salary Next Year = 130,000 Annual Increase in salary = 6% Annual Savings = 10% of Salary Interest…

Q: suppose you are planning to buy a home in 8 years from now that costs you 55980 OMR, How much should…

A: The annuity term is a financial term that reflects a stream of equivalent periodic cash flows over a…

Q: 11. A man deposited P6,000 at a rate of 10% per annum. However, to add more fund, he deposits P500…

A: Future value (FV) Future value (FV) of a present amount (PV) is calculated as shown below.…

Q: You choose to invest your $3,410 income tax refund check (rather than spend it!) in an account…

A: Given, P = $3410 r = 5% n = 30 years

Q: how much would you have for retirement if you could invest these savings at 5% compounded annually…

A: Future Value = Present Value x (1 + r)^n Here, Future Value = Amount on Retirement Present Value =…

Q: Suppose you save $4,000 per year at the beginning of each year for 3 years and earn 5% interest per…

A: Since you have posted multiple independent questions in the same request, we will solve the first…

Q: A person has $80 000 in a savings account that earns interest at 7% per year, compounded annually.…

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

Q: 1. Shanice Johnson, of Philadelphia, Pennsylvania, wants to invest $4,000 annually  for her…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: "Suppose that a person in the 45% tax bracket invests 3000 at 10% per year, compounded annually, for…

A: Purchasing Power is the real buying capacity or potential of the individual. Purchasing power is…

Q: Scenario  Mr. Rosal has P 500,000 set-aside for his retirement. He is 45 years old. In the meantime,…

A: Government securities are those marketable & non-marketable securities that are backed by the…

Q: viii. You are currently investing your money in a bank account that has a nominal annual rate of 7…

A: The number of years can be calculated with the help of future value function

Q: n investment company pays 4% compounded semiannually. You want to have $11,000 in the future (A) How…

A: Present Value can be calculated using PV function in excel   PV (rate, nper, pmt, [Fv], [type])…

Q: If you saved your tax refund $12,900.87, quit buying vendor coffee for one year $4,483.97 and…

A: The value of the money at retirement is the future value of the savings.