Jane wants to have $200,000 in an account in 20 years. If it earns 11 percent per annum over the accumulation period, how much must she save per year (end of year) to have the $200,000? $25,116
$3,115
$3,492
$10,000
Jane wants to have $200,000 in an account in 20 years. If it earns 11 percent...
Jessica wants to accumulate $10,000 by the end of 6 years in a special bank account, which she had opened for this purpose. To achieve this goal, Jessica plans to deposit a fixed sum of money into the account at the end of the month over the 6-year period. If the bank pays interest at the rate of 6% per year compounded monthly, how much does she have to deposit each month into her account? (Round your answer to the...
Suppose that you can invest funds into a savings account that earns 1.75% per quarter, for five years and thereafter into a fund that earns 12% per annum, compounded monthly, for a further 5 years. If you require 300 000 at the end of the 10 year period, how much money must you invest tomorrow?
on her 20th birthday, suizie invests $10,000 in an IRA(individual retirement account the earns 8 percent per year. She continues to invest %5,500 on each birthday for the next 48 years. how much money will she have at age 48?
A $50,000 deposit earns 6.75% for ten years. If the account loses 2.5% per year after that for three years. what is the value of the account at the end of that third year? (Dollar) Ten years ago, Ralph invested $20,000 and locked in a 6.5 percent annual interest rate for 30 years (end 20 years from now). Lauren can made a twenty year investment today and lock in 5.65 percent interest rate. How much money should she invest now...
(1 point) A bank account earns 11 percent interest compounded continuously. At what (constant, continuous) rate must a parent deposit money into such an account in order to save 100000 dollars in 13 years for a child's college expenses? rate = (dollars/year) If the parent decides instead to deposit a lump sum now in order to attain the goal of 100000 dollars in 13 years, how much must be deposited now? amount = (dollars)
Question 13 (1 point) Jane Roberts has $40,000 in a brokerage account, and she plans to contribute an additional $12,000 to the account at the end of every year. The brokerage account has an expected annual return of 11 percent. How much money will Jane have after 25 years? $1,916,378.24 $923,989.98 $1,425,987.76 $829,541.14
-17. Jane Frost wants to receive yearly payments of $15,000 for 10 years. How much must she deposit at her bank today at 11% interest compounded annually? LU 20-217)
You currently have $4048 in a retirement savings account that earns an annual return of 11%. You want to retire in 45 years with $1,000,000. How much more do you need to save at the end of every year to reach your retirement goal? (nearest cent)
John plans to buy a vacation home in 11 years from now and wants to have saved $49,349 for a down payment. How much money should he place today in a saving account that earns 9.73 percent per year (compounded daily) to accumulate money for his down payment? Round the answer to two decimal places
Fleda's Beauty Company has $200,000 of total assets and earns 20 percent interest and taxes on these assets. The ratio of total debts to total assets (or DR been set at 50 percent. The interest rate on short-term debt is 7 percent, while the interest rate on long-term debt is 10 percent. A conservative policy calls for only long-term debt with no short-term debt; an intermediate policy calls for 50 percent short-term debt and 50 percent long-term debt; and an...