Homework Answers
i = 5/2 = 2.5%
n = 23*2 = 46
PV = 12071*46/1.025 = 541722.9268
FV = 541722.9268*(1+0.025)^46 = 1686844
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Kreskin deposits $12,071 every six months, increasing the amount deposited by 2.5% with each subsequent deposit....
Kreskin deposits $8,039 every six months, increasing the amount deposited by 2.5% with each subsequent deposit....
Kreskin deposits $8,039 every six months, increasing the amount deposited by 2.5% with each subsequent deposit. The account pays a nominal annual interest rate of 5%, compounded biannually (twice a year). How much will Kreskin have in the account at the end of 21 years?
I NEED ABSOLUTELY CORRECT ANSWERS FOR THESE. Question 5 0.4 pts You have $792,065 in a...
I NEED ABSOLUTELY CORRECT ANSWERS FOR THESE.
Question 5 0.4 pts You have $792,065 in a retirement account that pays a nominal annual interest rate of 9%, compounded quarterly. If you plan to take a quarterly distribution for the next 12 years, how much could you withdraw each quarter? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("") or a decimal point (":"). Question 6 0.5 pts Kreskin deposits $6,011...
For retirement planning, you decide to deposit $1,119 at the end of every quarter and increase...
For retirement planning, you decide to deposit $1,119 at the end of every quarter and increase your deposit by $54 each quarter. How much will you have at the end of 25 years if the bank pays a nominal annual rate of 6% compounded quarterly? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ()") or a decimal point ("").
For retirement planning, you decide to deposit $924 at the end of every quarter and increase...
For retirement planning, you decide to deposit $924 at the end of every quarter and increase your deposit by $2 each quarter. How much will you have at the end of 25 years if the bank pays a nominal annual rate of 6% compounded quarterly? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("') or a decimal point("").
What is the amount of six equal annual deposits that can provide ten annual withdrawals, where...
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You decide to deposit $50 in the bank today and to make 10 additional deposits every...
You decide to deposit $50 in the bank today and to make 10
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interest compounded semiannually, how much money will you
receive?
You decide to deposit $50 in the bank today and to...
You deposit $258 at the end of each quarter into an account that pays a nominal annual rate of 16% compounded quarterly...
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Question 4 0.5 pts You deposit $321 at the end of each quarter into an account...
Question 4 0.5 pts You deposit $321 at the end of each quarter into an account that pays a nominal annual rate of 16% compounded quarterly. How much will you have in the account at the end of 15 years? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("') or a decimal point (":").
Violet deposits $1,567 at the end of each year into an account paying a nominal annual...
Violet deposits $1,567 at the end of each year into an account paying a nominal annual interest rate of 3% compounded monthly. How much does Violet have in the account at the end of 12 years? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas (";") or a decimal point (':')
I NEED ABSOLUTELY CORRECT ANSWERS FOR THESE.
Question 5 0.4 pts You have $792,065 in a retirement account that pays a nominal annual interest rate of 9%, compounded quarterly. If you plan to take a quarterly distribution for the next 12 years, how much could you withdraw each quarter? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("") or a decimal point (":"). Question 6 0.5 pts Kreskin deposits $6,011...
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For retirement planning, you decide to deposit $924 at the end of every quarter and increase your deposit by $2 each quarter. How much will you have at the end of 25 years if the bank pays a nominal annual rate of 6% compounded quarterly? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("') or a decimal point("").
What is the amount of six equal annual deposits that can provide ten annual withdrawals, where a first withdrawal of $17223 is made at the end of year seven and subsequent withdrawals increase at $846 over the previous year, at an interest rate of 5% compounded annually? Enter you answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas() or a decimal point ("")
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
You decide to deposit $50 in the bank today and to make 10
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interest compounded semiannually, how much money will you
receive?
You decide to deposit $50 in the bank today and to...
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Question 4 0.5 pts You deposit $321 at the end of each quarter into an account that pays a nominal annual rate of 16% compounded quarterly. How much will you have in the account at the end of 15 years? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas ("') or a decimal point (":").
Violet deposits $1,567 at the end of each year into an account paying a nominal annual interest rate of 3% compounded monthly. How much does Violet have in the account at the end of 12 years? Enter your answer as follows: 12345 Round your answer. Do not use a dollar sign ("$"), any commas (";") or a decimal point (':')
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