You want to be able to withdraw $3,800.00 from your account each month for 15 years after you retire. You expect to retire in 20 years. If your account earns 4% interest compounded monthly, how much will you need to deposit each month until retirement to achieve your retirement goal?

Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…

A: to find:- amount to be deposited.

Q: You decides to buy a car by making a deposit of 20% and R2500 every month for 3 years. If the…

A: periodic monthly car payment =R2500 calculating the loan amount of car using the PV of annuity…

Q: You invested $9,000 at the end of each quarter for 8 years in an investment fund. If the balance in…

A:

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

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Q: With a present value of $130,000, what is the size of the withdrawals that can be made at the end of…

A:

Q: You want to have a $40,000 college fund in 6 years. How much will you have to deposit now in an…

A: To calculate the present value (amount to be invested) for the given conditions to be satisfied

Q: How much money will be in your account three years after the previous deposit? If you make six…

A: The given data is: P=$2000 r=10%t=3 years Given that compounded semi-annually, therefore Interest…

Q: You want to have $100,000 when you retire in 10 years. If you can earn 3% interest compounded…

A:

Q: Andrea, a self-employed individual, wishes to accumulate a retirement fund of $550,000. How much…

A: According to the given information,

Q: Millet wants to provide a 200,000 graduation gift for her daughter Mae who is now 16 years old. She…

A: Given: A=200,000R=10%T=4 years We have to find principal (P) we know that A=P1+rnnt ...(i) here…

Q: You deposit $2000 at the beginning of each year into an account earning 4% interest compounded…

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Q: You want to have $500,000 when you retire in 30 years. If you can earn 4% interest compounded…

A: We have to set up the compound formula first.

Q: How much would you need to deposit in an account now in order to have 5000 in the account and 10…

A:

Q: Bill invests $4,976 in a retirement account with a fixed annual interest rate of 7.80% compounded 2…

A:

Q: Frank Steed wants to open a camera shop. How much must he deposit now at 6% interest compounded…

A: To find the amount which should be deposited now at 6% interest compounded monthly to have $25,000…

Q: If you were to invest $800 at 8% interest compounded annually or each year, what would be your…

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Q: After putting down 20% of $110,000 on a house and paying an interest rate of 3.5% compounded…

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Q: Ann and Tom want to establish a fund for their​ grandson's college education. What lump sum must…

A:

Q: Kristy Joe deposits ​$110 each month in an ordinary annuity to save for a new car. If the annuity…

A: It is given that the Cash deposit per period is P = $110.Monthly interest rate is i = 1.03%. Time…

Q: A woman wants to borrow $12,000 to buy a car. She wants to repay the loan by monthly installments…

A:

Q: 1) Brenda invests $4,848 in a savings account with a fixed annual interest rate of 5% compounded 2…

A:

Q: Suppose you want to accumulate $100,000 for a down payment on a house in 6 years. You make a single…

A: Solution is given below:

Q: (a) If you invest $5,000 in an account that earns an APR of 3% with quarterly compounding, what will…

A: P = 5000 APR = 3% t = 10 year

Q: How much would you need to deposit in an account each month in order to have $30,000 in the account…

A: Given, We want to have $ 30,000 in the account in 5 years   We have to find how much we need to…

Q: Steve decided to deposit $3,285 into a savings account with 4.5% interest, compounded quarterly.…

A: Here we have to find how much money Steve have after 4 years in his account. The details calculation…

Q: Find the amount we would need to deposit today as a lump sum to achieve $420,000 in 30 years at 6%…

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Q: In order to help pay for college, the grandparents of a child invest $1,650 in a bond that pays 1.5%…

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Q: Find the present value of $30,000 due in 6 years at an interest rate of 8%/year compounded monthly.

A: Given:Find the present value of $30,000 due in 6 years at an interest rate of 8%/year compounded…

Q: Allison is 34 years old and plans to retire at age 65 with ​$1,380,000 in her retirement account.…

A: Given: Final amount is $1,380,000 Interest is 4% that is compounding daily Time is 31 years (from…

Q: An employee wants to retire and receive 5 000 a month. She wants to pass this monthly payment to…

A: The provided information is  A=5000 i=8%=0.08 The the formula for perpetuity is  P=AiA=the interest…

Q: With a present value of $135,000, what is the size of the withdrawals that can be made at the end of…

A:

Q: Jane Roznowski wants to invest some money now to buy a tractor in the future. If she wants to have…

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Q: (a) If you invest $8,000 in an account that earns an APR of 4% simple interest, what will be the…

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Q: How much shoulda parent invest at the beginning, at 8% interest compounded quarterly, to withdraw $…

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Q: 2.) Laura wants to accumulate $150,000 in her bank account by depositing $1000 at the beginning of…

A: Amount=$150,000 Present value=$1000 Rate of interest =5% compounded quarterly.…

Q: A deposit of $1000 is made into an account that earns interest at an annual rate of 5%. If allowed…

A: what would be the resulting total account balance if the interestcompounded monthly?

Q: 1. Mohammed estimate that he will need RO 10,000 in 5 years to fund his university education. How…

A: There are multiple question, As per company policy ask other question separately . P = initial…

Q: A 3-year term insurance policy has an annual premium of $300, and at the end of 3 years, all…

A: Here we will use the formula  P0 = C*[1 -(1 +r)-n ]/rWhereP0 = Lump sum depositC= Annual deposit…

Q: Andrea wishes to accumulate a retirement fund of $650,000. How much should she deposit each month…

A: given that , final amount= A= 650000 interest rate=r= 5.5%= 0.055 number of times compounded in a…

Q: 1. How much do you need to deposit into an account with 5.4% interest compounded monthly if you want…

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Q: Suppose you deposit $500 at the end of each quarter into an account that pays 3% annual…

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Q: You deposited $7000 in an investment fund that pays 5.5% per year, compounded quarterly. How much…

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Q: A bank is offering a special four-year investment certificate paying 3.5% per year, compounded…

A: We can solve it by the mathod of finding compound interest.

Q: Suppose you want to have $300,000.00 for retirement in 35 years. You plan to make regular monthly…

A: Consider the given: FutureValue F.V.=$300,000,00time, t=35 yearsInterest, r=8%Compounded Monthly,…

Q: A young, investing-savvy artist plans to retire in 30 years and is planning to save $1,000 every…

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Q: Parents wish to have $150,000 available for a child's education. If the child is now 3 years old ,…

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Q: How much would you need to deposit in an account now in order to have $4000 in the account in 10…

A:

Q: If we invest $4,000.00 in an investment accoint with a 3% APR interest rate, compounded monthly, how…

A: here we have  P=4000 r=3%=0.03 n=12 for monthly compound  t=6 years