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If you deposit $4,000 4 years from today, how much can you withdraw 10 years from...
How much do you have to deposit today so that you can withdraw $10,000 a year...
How much do you have to deposit today so that you can withdraw $10,000 a year from years 11 through 13, $15,000 a year from years 14-20, plus an additional amount of $20,000 in year 20. Assume an interest rate of 5% compounded annually.
How much should you deposit today in order to withdraw $5,000 each year for 7 years?...
How much should you deposit today in order to withdraw $5,000 each year for 7 years? Your first withdraw will start 5 years from now and your deposit will earn 4% interest.
Derek wants to withdraw $12,560.00 from his account 5.00 years from today and $12,875.00 from his...
Derek wants to withdraw $12,560.00 from his account 5.00 years from today and $12,875.00 from his account 15.00 years from today. He currently has $2,845.00 in the account. How much must he deposit each year for the next 15.0 years? Assume a 5.02% interest rate. His account must equal zero by year 15.0 but may be negative prior to that. Submit Answer format: Currency: Round to: 2 decimal places. Derek currently has $14,502.00 in an account that pays 5.00%. He...
(Present value of complex cash flows) How much do you have to deposit today so that...
(Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $13,000 a year for the next 5 years (periods 11 through 15) plus an additional amount of $26,000 in the last year (period 15)? Assume an interest rate of 6 percent. The amount of money you have to deposit today is $ (Round to the nearest cent.)
If you invest $2,000 today, withdraw $1,000 in 3 years, deposit $3,000 in 5 years, deposit...
If you invest $2,000 today, withdraw $1,000 in 3 years, deposit $3,000 in 5 years, deposit $1,500 in 8 years. (a) Draw the cash flow diagram from your perspective. (b) How much will you withdraw if you decide to withdraw the entire sum three years after the final deposit and the interest rate is 7%. Show your calculations to get credit. (c) Find the present worth equivalent using the actual cash flows and interest rate of 7%. Show your calculations...
37. You can earn 8 percent interest, compounded monthly. How much must you deposit today to...
37. You can earn 8 percent interest, compounded monthly. How much must you deposit today to withdraw $10,000 in 6 years? 38. If you invest $10,000 in an account expected to earn 5.0% compounded annually, how long do you need to invest for the account to have grown to $40,000? 42. A bank is offering a CD which it will sell to its customers for $10,000 paying them back $14,000 in 4 years. What annual rate of return will a...
How much would you have to deposit in years 7 , 8 and 9 to be...
How much would you have to deposit in years 7 , 8 and 9 to be able to withdraw $1,000 in years 9 and 10 if your bank account earns 6% APR compounded annually? (Hint: bring all the cash-flows back to today and then solve from there)
In planning for your retirement, you would like to withdraw $80,000 per year for 13 years....
In planning for your retirement, you would like to withdraw $80,000 per year for 13 years. The first withdrawal will occur 20 years from today. Click here to access the TVM Factor Table Calculator x Incorrect What amount must you invest today if your return is 10% per year? $.. Round entry to the nearest dollar. Tolerance is 4. X Incorrect What amount must you invest today if your return is 15% per year? $ 13 Round entry to the...
You plan to make a deposit todeer so that w You can withdraw evere year for...
You plan to make a deposit todeer so that w You can withdraw evere year for zoyears you with drawal at the end of year 1 will be 3000 and will increase by $100 every year, How much do you need to deposit today if the interest rate is 8% compounded annually?
4- Beginning 1 month from today David B. will deposit each month $200 into an account...
4- Beginning 1 month from today David B. will deposit each month $200 into an account paying 15 6% nominal interest. He will make a total of 240 deposits (20 years). After the last deposit the money in the account will begin to earn 4% interest compounded annually. After another 10 years David will begin to withdraw annual amounts for a total of 10 years. How much can be withdrawn each year if the account is to be depleted (zero...
Derek wants to withdraw $12,560.00 from his account 5.00 years from today and $12,875.00 from his account 15.00 years from today. He currently has $2,845.00 in the account. How much must he deposit each year for the next 15.0 years? Assume a 5.02% interest rate. His account must equal zero by year 15.0 but may be negative prior to that. Submit Answer format: Currency: Round to: 2 decimal places. Derek currently has $14,502.00 in an account that pays 5.00%. He...
(Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $13,000 a year for the next 5 years (periods 11 through 15) plus an additional amount of $26,000 in the last year (period 15)? Assume an interest rate of 6 percent. The amount of money you have to deposit today is $ (Round to the nearest cent.)
In planning for your retirement, you would like to withdraw $80,000 per year for 13 years. The first withdrawal will occur 20 years from today. Click here to access the TVM Factor Table Calculator x Incorrect What amount must you invest today if your return is 10% per year? $.. Round entry to the nearest dollar. Tolerance is 4. X Incorrect What amount must you invest today if your return is 15% per year? $ 13 Round entry to the...
You plan to make a deposit todeer so that w You can withdraw evere year for zoyears you with drawal at the end of year 1 will be 3000 and will increase by $100 every year, How much do you need to deposit today if the interest rate is 8% compounded annually?
4- Beginning 1 month from today David B. will deposit each month $200 into an account paying 15 6% nominal interest. He will make a total of 240 deposits (20 years). After the last deposit the money in the account will begin to earn 4% interest compounded annually. After another 10 years David will begin to withdraw annual amounts for a total of 10 years. How much can be withdrawn each year if the account is to be depleted (zero...
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