rate positively ..
Step 1 | Computation of FV of 1st annuity for 15th year | |||||
We have to use financial calculator to solve this | ||||||
put in calculator | ||||||
PV | 0 | |||||
PMT | -240 | |||||
I | 9% | |||||
N | 15 | |||||
Compute FV | $7,046.62 | |||||
Step 2 | computation of future value at 40th year | |||||
We have to use financial calculator to solve this | ||||||
put in calculator | ||||||
PV | -7046.6199 | |||||
PMT | -440 | |||||
I | 9% | |||||
N | 25 | |||||
Compute FV | $98,031.97 | |||||
Therefore answer = | $98,031.97 |
Problem 5-20 Future Value of Multiple Annuities (LG5-2) Assume that you contribute $240 per month to...
Assume that you contribute $210 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $410 per month for the next 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 40 years. Round two decimals places Whats the future value of multiple annuities
Assume that you contribute $340 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $540 per month for the next 25 years. Given a 7.2 percent interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Find Future value of multiple annuities Please answer correctly
Assume that you contribute $310 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $620 per month for another 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value of multiple entities _____
Assume that you contribute $340 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $540 per month for the next 25 years. Given a 7.2 percent interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Find Future value of multiple annuities Please answer correctly. THANK YOU!
Future Value of Multiple Annuities Assume that you contribute $220 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $320 per month for another 20 years. Given a 7.0 percent interest rate, what is the value of your retirement plan after 40 years? $178,636 $177,600 $629,552 $577,459 Present Value of an Annuity Due If the present value of an ordinary, 3-year annuity is $5,900 and interest rates are 12 percent, what's...
Assume that you contribute $150 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $350 per month for the next 25 years. Given an 8 percent interest rate, what is the value of your retirement plan after the 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Assume that you contribute $380 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $760 per month for another 30 years. Given a 7.2 percent interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Help me please Nueve pestañs Saved Help Save & Exit Submit 05 Pre Built Problems 2 Check my work Problem 5-20 Future Value of Multiple Annuities (LG5-2) Assume that you contribute $170 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $370 per month for the next 30 years. Given a 6.0 percent interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate...
Assume that you contribute $370 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $740 per month for another 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 50 years?
i need help anyone Problem 4-14 Present Value with Different Discount Rates (LG4-4) Compute the present value of $4,700 paid in two years using the following discount rates: 9 percent in the first year, and 8 percent in the second year. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) points Present value Problem 5-19 Future Value of Multiple Annuities (LG5-2) Assume that you contribute $320 per month to a retirement plan for 20 years. Then you...