You deposit $201 at the end of each quarter into an account that pays a nominal annual rate of 16% compounded quarterly. How much will you have in the account at the end of 15 years?

Q: How much must be deposited at the beginning of each year in an account that pays 3% compounded…

A: Time value tells that amount received today is of more value than that of receiving the exact value…

Q: Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. What…

A: "Hi, Thanks for the Question, Since you asked multiple sub parts, we will answer first three sub…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: The size of the payment can be computed by using the PMT formula of excel. The values require for…

Q: How much will accumulate in an account with an initial deposit of $100, and which earns 10% interest…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: Sixty monthly deposits are made into an account paying 8% nominal interest compounded monthly. If…

A: We need to use future value of ordinary annuity formula to calculate monthly payment PMT =FVn(1+r)n…

Q: One year from today you must make a payment of $4,000. To prepare for this payment,you plan to make…

A: Excel Spreadsheet: Excel Workings:

Q: Aidan deposits $1000 at the end of each quarter in an account that pays 5.25% per year, compounded…

A: Solution: An equal amount invested every period is called annuity. So, future value of annuity = PMT…

Q: You deposit $4,500 per year at the end of each of the next 25 years into an account that pays  10…

A: Given information: Annual deposit amount is $4,500 Annual interest rate is 10% Number of years is 25…

Q: Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. If…

A: FV of annuity = P * [(1+r)^n-1] / r Where, P = amount of each deposit r = rate of interest per…

Q: Harry Morgan plans to make 30 quarterly deposits of P200 into a savings account. The first deposit…

A: Solved using Financial Calculator  N= 30 (7.5 * 4 = 30) I/Y = 8/4 = 2 PMT = 200 CPT FV = 8113.62

Q: If you invest $7,500 in an account paying 8.35% compounded continuously, how much will be in the…

A: In the simple interest, we calculate the interest amount which we will receive after the specific…

Q: A depositor puts $30,000 in a savings account that pays 4% interest, compounded quarterly. Equal…

A: A perpetuity is a security that pays for an infinite amount of time. In finance, perpetuity is a…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: The equivalent annual cost is the periodic payment made towards the acquisition of an asset or…

Q: You borrow $1,000,000 at 3% compounded semi-annually and will pay it off over bi-weekly (every two…

A: Amount borrowed= $1,000,000 Rate= 3% compounded semi-annually Time (n)= Bi weekly over 25 years

Q: You have a financial goal of $140,000. The rate is 3% compounded annually. The time is 16 years.…

A: Formula to calculate annual periodic deposit Annuity=FV *r[(1+r)n-1] Where, FV = Future value r =…

Q: You borrow $1,000,000 at 3% compounded semi-annually and will pay it off over bi- weekly (every two…

A: There are two methods to charge interest on the loan taken. One is the simple interest method and…

Q: How much must be deposited at the beginning of every six months in an account that pays 5%…

A: Introduction Annuity Due represents a stream of equal payments made at the beginning of each period.…

Q: You expect to receive P1,000 at the end of each of the next 3 years. You will deposit these payments…

A: Future value: It can be defined as the value of an investment or any asset at a specified future…

Q: You are going to withdraw OMR5,000 at the end of each year for the next four years from an account…

A: Calculate the present value by using excel as follows: Present value is 16,198.60…

Q: How much must be deposited at the beginning of each year in an account that pays 7%, compounded…

A: Here, The future value is FV i.e $28,000 The rate of interest is r i.e. 7% The maturity is n i.e 10…

Q: Assume that you make quarterly payments of $650 into an annuity paying 8% interest compounded…

A: In this question we need to calculate the future value from following details: Quarterly payment =…

Q: If you deposit 2500 into an account paying 11% annual interest compounded quarterly, how  long until…

A: The number of years: An initial investment grows to a certain given amount at a specified interest…

Q: How much must be deposited at the beginning of each quarter in an account that pays 5% compounded…

A: In this question payment per quarter has to be find out. Future value , rate of return and number of…

Q: You wish to save $76000 in an account which pays 5% compounded semiannually by making annual…

A: FUTURE VALUE OF ANNUITY =A×1+RMN×m-1RM WHERE, A=annuity R=rate of interest N= number of years M=…

Q: How much will be in an account at the end of five years the amount deposited today is $10,000 and…

A: The given problem can be solved using FV function in exceL. FV function computes amount BALANCE in…

Q: You make deposits of $300 each year for the next 17 years at 5 % compounded annually. How much is in…

A: Annual deposit (P) = $300 Interest rate (r) = 5% Period (n) = 17 Years

Q: Determine the amount of the payment required at the end of each quarter to repay a six-year loan of…

A: Time Value of Money :— According to this concept, value of money in present day is more than the…

Q: You borrow $10,000 at 8% for 4 years. The loan is repayable in four equal instalments at year end.…

A: Yearly installment will be calculated by amount of borrowing divided by present value factor of $1…

Q: You deposit $3000 in an account that pays 88​% interest compounded semiannually. After 33 ​years,…

A: Amount deposited, P = $ 3,000Future value of P deposited in an account offering annual interest rate…

Q: You plan to deposit $100 at the end of every quarter (3 months) for 8 years starting at the end of…

A: Quarterly deposit (Q) = $100 Number of deposits (n) = 8 years = 32 quarters r = 8% per annum = 2%…

Q: Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. (…

A: Since you have asked a question with multiple parts, we will solve the first 3 parts for you. Please…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: The amount which is deposited at the beginning of every period for a specified duration is known as…

Q: Suppose that you deposit $15 at the end of each month into a savings account that pays 2% interest…

A: Following informations are given in the question:

Q: CNB, Inc. will deposit $25,000 into a money market account at the end of each year for the next…

A: Compound Amount= A=P(1+r)nt   A= FInal amount P= Initial Investment r= interest rate t= No. of times…

Q: If you borrow $5000 for five years and seven months at 9% compounded quarterly. How much is owed on…

A: Formula = Principal * [ 1 + Interest rate / 4 ]Number of quarters

Q: How much must be deposited at the beginning of each month in an account that pays 6% compounded…

A: Monthly rate = 6%/12 = 0.5% Number of periods = 7*12 = 84 Future value required is $31,000 Find…

Q: You plan to accumulate R450,000 over a period of 12 years by making equal annual deposits in an…

A: Annuity due is a type of annuity under which payment is deposit at starting of the each period and…

Q: You deposit $6000 in an account earnings 7% interest compounded monthly. How much you will you have…

A: future value formula: future value = present value×1+RMM×N where, R=rate M=frequency

Q: Determine the value of an ordinary annuity if $290 is deposited each month into an account earning…

A: In order to find the future value of an annuity, one can use excel and use FV function to determine…

Q: You’re prepared to make monthly payments of $190, beginning at the end of this month, into an…

A: NPER is the number of payments required to make to have an account balance 10,000 in future. Given:…

Q: If $800 is deposited in a savings account at the beginning of each year for 12 years and the account…

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

Q: A business man has an obligation to pay $ 8,000 four years from now, and another obligation to pay $…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: If you deposit $1500 per month into a credit union savings account that pays interest at a rate of…

A: Using Excel FV function

Q: A person plans to make a series of equal quarterly deposits of $1,500 each into a savings account,…

A: Equal Quaterly deposits are of $1,500 Interest rate is 6.5% compounded daily Time period is 10 years…

Q: You deposit $76000 into an account which pays 4% compounded semiannually. How much can you withdraw…

A: When the instalments that are incurred at regular intervals for a not defined time period, the…

Q: You expect to receive P1,000 at the END of each of the next 3 years. You will deposit these payments…

A: Following is the computation of Future value at the end of the third year