You want to invest $10,000 today to accumulate $16,000 for graduate school. If you can invest at an interest rate of 10% compounded annually, how many years will it take to accumulate the required amount?

Q: You plan to invest $50,000 today at an annual interest rate of 12% over 5 years. What the future…

A: Following details are given in the question: Present value (Investment today) = $50000 time period =…

Q: You expect to receive $26,000 at graduation in two years. You plan on investing it at 9.25 percent…

A: Present Value = $26,000  Future Value = $161,000  Rate (r) = 9.25%

Q: You deposit $19,000 today in an investment account and the annual rate of return is 12%, what will…

A: Formulas: Future value = Present value *(1+rate)^years

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 $1,000 each month for five years, what will be the value of the investment after five…

A: The below formula can be used to calculate future value:

Q: If you invest $15,000 in a long-term venture, you will receive $1,100 per year forever. The first…

A: Initial cost (I) = $15000 CF1 = $1100 forever starting after 2 years CF2 = $500 forever every 6…

Q: You have an investment opportunity that requires an initial investment of $5,500 today and will pay…

A: The acronym IRR stands for internal rate of return. It shows the actual return wherein the present…

Q: You are considering an investment costing $300,000. If you want to recover the initial investment,…

A: Formula:

Q: If you invest $15,000 every year and expect to increase your investment by 6% each year for the next…

A: Annual investment (A) = $15000 Growth rate (g) = 6% r = 7% n = 20 years

Q: You figure that the total cost of college will be $101,000 per year 18 years from today. If your…

A: Present value refers to the current value of a sum of money in the future at a specified interest…

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

A: Using the present value function in excel

Q: Suppose you invest $2,000 today and receive $11,000 in five years. a. What is the internal rate of…

A: IRRIt is a capital budgeting technique of a discounted cash flow that gives a rate of return is…

Q: Assume that you are saving up for a trip around the world when you graduate in two years. If you can…

A:

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 money would you need at the present to pay for 4 years of college tuition if the first year…

A: Cost for first year = $40,000 Cost for second year = $40,000 + $5,000 = $45,000 Cost for third year…

Q: Your client has great news. His son was born last week. He wants to set aside $50,000 today to cover…

A: Future Value = Present Value ( 1 + i )n   Note: Assuming that interest on his investment will be…

Q: What is the present value of your end-of-year investment of $1,000 per year, with the first cash…

A: According to the time value concept, the purchasing power of a sum of money today is more than the…

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: I expect to save $100,000 in 15 years for my kid's college savings account. Assuming I get a return…

A: Discounting is a technique to compute the present value (PV) of future cashflows by using an…

Q: f you invest $9,000 today, how much will you have: a. In 2 years at 9 percent? b. In 7 years at 12…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

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: Starting next month, I plan to invest $500 per month for 10 years to reach my goal of $100,000.…

A: The rate of interest is used in the calculation of the interest amount on the principal value. The…

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 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: You are considering an investment that will pay you $1,200 per month for three years. The first…

A: An annuity is a series of equal payments occurring at regular intervals. The present value is…

Q: You will receive $4000 at graduation 3 years from now. You plan on investing this money at 5 percent…

A: Present Value = $4,000 Interest Rate = 5% Future Value = $50,000 Time Period to achieve

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

A: Information Provided: Yearly contribution = $1200 Interest rate = 11% Years = 6

Q: How much investment must be made if it is desired to have Php 550, 800 after five years with an…

A: According to the principle of present value, any amount of money in the now is worth more than the…

Q: An enterprising student invests $1,000 at an annual interest rate that will grow the original…

A: According to the concept of time value of money,  the value of a currency unit is more in today's…

Q: You expect to receive $14,000 at graduation in two years. You plan on investing it at 8 percent…

A: Computation:

Q: how much will your investment be worth after the last $385 payment is made? (b) What will be the…

A: Future value is the value of an asset possessed by an investor whose value grows and is measured at…

Q: You expect to receive $10,000 at graduation in two years.  You plan on investing it at 11 percent…

A: Future amount can be calculated as follows: = Present Value * (1 + rate)^ periods

Q: Greg wants to have $50 000 in five years. He has $20 000 today to invest. The bank is offering five-…

A: here we need to find the interest rate.wherein we have been given the future value and present…

Q: You want to invest $27,000 today to accumulate $30,390 to buy a car. If you can invest at an…

A:

Q: To accumulate $85,000 in 6 years, you must invest $_ now, to the nearest whole dollar value, if the…

A: Principal amount invested now will become certain amount after certain period of time at specific…

Q: a. You need $17,000 in five years but you only have $12,000 now. At what interest rate must you…

A: As per guidelines, I am supposed to answer 1 question at a time. As the question is not specifically…

Q: If you want to have $150,000 at the end of 14 years and you know you can get 6% interest, what…

A: Given details are as follows: Amount required at the end of 14 years = $150000 Annual interest rate…

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 plan to invest $200,000 today at an annual interest rate of 12% over 10 years. What will be the…

A: Following details are given in the question: Present value (Investment today) = $200000 time period…

Q: *You are planning to purchase your first electric car worth $65,000 right after your graduation (in…

A: A Continuous Compounded Interest rate is the interest rate that is calculated on the principal…

Q: You calculate that you will need $75,000 in ten years to be able to pay for your daughter's college…

A: The question is based on the concept of Financial Accounting.

Q: Keith Riggins expects an investment of $82,014 to return $10,000 annually for several years. If…

A: Formula: P= C×Annuity Factor where,  P is present value of an annuity C is future cash flow

Q: If you invest sh.100,000 at an interest rate of 15 percent, how much will you have at the end of…

A: Note: Hi! Thank you for the question, As per the Honor Code, we are allowed to answer one question…

Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.