You need 85,000 in 10 years. If you can earn .78 percent per month, how much will you have to deposit today?

Q: You are scheduled to receive $44,000 in two years. When you receive it, you will invest it for 7…

A: Computation:

Q: How much will you need to save per month to have $200,000 after 12 years, if your account earns 5%…

A: The formula used as follows: Future value of annuity=Payment×1+rn-1r

Q: You can invest $ 35,000 today. This investment offers you a fixed annual return, computed monthly…

A: Perpetuity is the series of payments at fixed intervals for an infinite time period.  The amount of…

Q: If you have $10,000 today, and save $12,000 per quarter year at the end of the quarter while earning…

A: In the given question we need to compute the number of quarters required to accumulate $100000 if we…

Q: Today you have $100,000 in your investment account, which will grow by 7.5% annually. If you keep…

A: Using excel NPER function

Q: You have an investment that will pay you 1.38 percent per month. How much will you have per dollar…

A: Future Value can be calculated using following formula FV = PV* (1 + r / n)nt Where, PV = Present…

Q: You will receive $4,000 three years from now. The discount rate is 10 percent.  a) What is the…

A: In the given question we need to compute the value of investment after two years and one year from…

Q: Suppose you will need $20,000 in 3 years. How much must you invest per month in order to have…

A: Present value is the current worth of the amount that is expected to be received in future date.

Q: You have $10,000 to invest for five years. - How much additional interest will you earn if the…

A: Given Information : Amount invested - $10,000 (Present value) Rate of interest (r) - 5%/4.5% Time…

Q: You expect to receive $30,000 at graduation in two years. You plan on investing it at 9 percent…

A: We have to calculate period required and add two years to that .

Q: How much do I need to save each year to have $50,000 in 15 years at an interest rate of 12%?

A: Future value of annuity is the future value of the series of periodic cash flows.   Future value of…

Q: If you put up $30,000 today in exchange for a 6.50 percent, 15-year annuity, what will the annual…

A: A series of fixed payments that are paid or received at an equal time interval is term as the…

Q: If you have $6000 in your savings account with 0.8% APR compounded monthly, how much will you have…

A: Formula

Q: You need $32,000 at the end of 10 years. If you can earn 0.625% per month, how much would you need…

A: A concept through which it is studied that the current worth of money is higher than its future…

Q: If you deposit ​$3,500 today into an account earning an annual rate of return of 11 ​percent, what…

A: Deposit today (P0) = $3,500 Annual rate of return (i) = 0.11 Period (p) = 40 years Account worth in…

Q: Your plan is to have $40,000 in your account, 13 years from today. You can invest in an account that…

A: Future value required (FV) $40,000 Interest rate = 8.05% Monthly interest rate (r) = 8.05%/12 =…

Q: How much will you pay for a $10,000 automobile in 20 years if the infla-tion rate averages 3 percent…

A: Information Provided: Present amount = $10,000 Term = 20 years Inflation rate = 3%

Q: If you invest $5,000 today, you will receive $1,000 in a year, $1,500 each in year 2 and year 3, and…

A: Calculate the net present value as follows:

Q: An investment will generate 10,000 a year for 25 years. If you can earn 10 percent on your funds and…

A: Present value of annuity=Annuity1-1+Interest rate-Time periodRate

Q: If you would like to have $20,000 in 5 years, how much should you invest today if your investment…

A: Present value is the value today of future cash flows discounted at the required rate of return for…

Q: An investment will generate $10,000 a year for 25 years. If you can earn 10percent on your funds and…

A: Calculation of net present value of the investment at 10%

Q: An investment will pay you $10,000 in 10 years, and it also will pay you $400 at the end of each of…

A: The amount to be paid for the investment is calculated as the present value of annuity plus the…

Q: You will invest $200 per year. If the rate is 8.83%, how much will you have in 13 years?

A: Amount invested per year is $200 Rate of interest is 8.83% Time period is 13 years To Find: Future…

Q: You will receive $15000 in two years when you graduate. You plan to invest this at an annual…

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

Q: Suppose you save $100 per month. How long will it take you to accumulate $10,000 if the annual…

A: Following details are given to us in the question : Monthly saving = $100 Future value = $10000…

Q: If you pay the minimum payment per month of $49.25 on your credit card, you will pay it off after…

A: Short Term finances refers to to financing of funds for very short period of time which ranges from…

Q: You would like to have $19,928 in 12 years. If the rate is 8.45%, how much do you have to invest…

A: Future value required (FV) = $19928 Interest rate (r) = 8.45% Number of annual deposits (n) = 12

Q: If you put up $73,000 today in exchange for an annual 6.75 percent, 18-year annuity, what will the…

A: The annual cash flow can be computed with the help of present value of annuity.

Q: Suppose you deposit $100 today in an account paying 8 percent. In one year, you will deposit another…

A: Given information: Yearly deposit amount $100 Number of years is 1 Interest rate is 8%

Q: If you save P1,000 a month for the next 10 ears, at 8% per year, compounded monthly. Dw much money…

A: We will use the concept of time value of money here. The concept states that worth of money changes…

Q: An investment that will give you monthly payments for 14 years costs $146,897. If your required…

A: An annuity is a series of cash flows that involve equivalent periodic amounts at equal time…

Q: you want to have $10,000 in 5 years and can earn 3.2% annually. How much must you deposit today to…

A: Given Information Future Value =$10,000 Time Period = 5 years Interest rate = 3.2% annually

Q: If you want to accumulate $80,000 and you have $10,000 saved now, how many years will it take if you…

A: Given:

Q: How much would you have to invest today to receive a. $15,000 in 8 years at 10 percent? b. $20,000…

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

Q: You are going to receive a payment of $80 at the end of each year for the next 20 years. If you…

A: The future value of the annuity is the total value of all the payments which is occurred regularly…

Q: If you deposit $5,000 4 years from today, how much will you be able to withdraw 10 years from today…

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

Q: You invest $150 each month in a savings plan for a period of 30 years. If you earn an interest rate…

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

Q: Your bank will pay you an interest rate of .097 percent per week. You want to have $22,000 in 10…

A: Given: Interest rate = 0.097% Future value = $22,000 Years = 10

Q: You want to invest $10,000 today to accumulate $16,000 for graduate school. If you can invest at an…

A: Future Value  = P*(1+r)^n Where, P = Principal r = rate of interest n = no. of year

Q: If you desire to have $10,000 for a down payment for a house in five years, what amount would you…

A: Calculation of Amount to Deposit Today:The amount to deposit today is $7,835.26.Excel Spreadsheet:

Q: You plan to buy an apartment for $300,000, but you have only $8,000 in cash. The bank will  loan you…

A: Time value of money is considered to determine the equated instalments that are due for each period.

Q: How much would be in your savings account in 11 years after deposting $150 today if the bank pays 8…

A: Given: Present value (PV) = $150 Rate of interest (r) = 8% = 0.08 Number of years (n) = 11

Q: If you put up $41,000 today in exchange for a 5.1 percent, 15-year annuity, what will the annual…

A: Given,Exchange rate (rate) = 5.1%Time Period (nper) = 15 Years (Annuity)Initial Outflow (pv) =…