What is the future value at the end of year 10 of a series of 6...
What is the future value at the end of year 10 of a series of 6 deposits? The first deposit occurs at the end of year 5 and is $700. The remaining deposits increase by $100/year, so the year 2 deposit will be $800, and the last deposit will be $1,200 occurring at the end of year 10. Assume i = 8% annual rate compounded annually.
Please show all hand equations used
Homework Answers
What is the future value at the end of year 13 of a series of deposits...
What is the future value at the end of year 13 of a series of deposits that starts at $6,000 in year 1 and shrinks by 7% per year for 13 years (last deposit occurs at the end of year 13)? The annual interest rate is 7% compounded annually
Without using excel 4) What is the future value at the end of year 13 of...
Without using excel
4) What is the future value at the end of year 13 of a series of deposits that starts at S6,000 in year 1 and shrinks by 7% per year for 13 years (last deposit occurs at the end of year 13)? The annual interest rate is 7% compounded annually
What is the future worth of a series of equal year-end deposits of $2.900 for 10...
What is the future worth of a series of equal year-end deposits of $2.900 for 10 years in a savings account that earns 7% annual interest if the following were true? (a) All deposits are made at the end of each year? (b) All deposits are made at the beginning of each year? Click the icon to view the interest factors for discrete compounding when i: 7% per year. (a) The future worth of a series of equal year-end deposits...
7) What is the future value of a $400/month deposit at the end of 3 years?...
7) What is the future value of a $400/month deposit at the end of 3 years? Your first deposit occurs now (at time 0) and your last deposit is at the end of period 36. The interest rate is 12% annual rate compounded monthly. Note: Since the interest is compounded monthly, you'll want to use months as the time period for the problem. The applicable interest rate for each month would therefore be 1%.
Starting one year from today, a series of annual deposits is made into an account offering...
Starting one year from today, a series of annual deposits is made into an account offering 11.24 percent compounded annually. The first deposit is $$1250. The second deposit is 3 percent larger than the first, That is, $1,250(1.03). The third deposit is 3 percent larger than the second, that is, $1250(1.03)^2. This pattern of growing deposits, with each deposit being 3 percent larger than the previous one, continues until the last deposit is made at the end of year 40,...
What is the future worth of a series of equal year-end deposits of $3,500 for 11...
What is the future worth of a series of equal year-end deposits of $3,500 for 11 years in a savings account that earns 13% annual interest if the following were true? (a) All deposits are made at the end of each year? (b) All deposits are made at the beginning of each year? Click the icon to view the interest factors for discrete compounding when i = 13% per year. (a) The future worth of a series of equal year...
What is the future value of $8,650 at the end of 7 periods at 8% compounded...
What is the future value of $8,650 at the end of 7 periods at
8% compounded interest? (Round factor values to 5
decimal places, e.g. 1.25124 and final answer to 0 decimal places,
e.g. 458,581.)
The future value
$
Click here to view factor tables
What is the present value of $8,650 due 8 periods hence, discounted
at 6%? (Round factor values to 5 decimal places, e.g.
1.25124 and final answer to 0 decimal places, e.g.
458,581.)
The present value...
169. What is the future value at the end of year 13 of an investment that...
169. What is the future value at the end of year 13 of an investment that starts at $6,000 and grows by 7% per year for 13 years ($6,000 is invested at the end of year 1). The interest rate is 10% annual compounded annually.
What is the amount you can withdraw at the end of 20 years if you make...
What is the amount you can withdraw at the end of 20 years if you make $1,500 monthly deposit at a nominal annual rate of 6% compounded monthly? What is the amount of 5 equal annual deposits that can provide five annual withdrawals, where a first withdrawal of $3000 is made at the end of year 6 and subsequent withdrawals increase at the rate of 10% over the previous year's, in the interest rate of 10% compounded annually?
Deposits are made at the end of years 1 to 7 into an account paying 5.8%/year...
Deposits are made at the end of years 1 to 7 into an account paying 5.8%/year compounded annually. The deposits start at 5000 and increase by $1000 each year. How much will be in the account after the last deposit?
Without using excel
4) What is the future value at the end of year 13 of a series of deposits that starts at S6,000 in year 1 and shrinks by 7% per year for 13 years (last deposit occurs at the end of year 13)? The annual interest rate is 7% compounded annually
What is the future worth of a series of equal year-end deposits of $2.900 for 10 years in a savings account that earns 7% annual interest if the following were true? (a) All deposits are made at the end of each year? (b) All deposits are made at the beginning of each year? Click the icon to view the interest factors for discrete compounding when i: 7% per year. (a) The future worth of a series of equal year-end deposits...
7) What is the future value of a $400/month deposit at the end of 3 years? Your first deposit occurs now (at time 0) and your last deposit is at the end of period 36. The interest rate is 12% annual rate compounded monthly. Note: Since the interest is compounded monthly, you'll want to use months as the time period for the problem. The applicable interest rate for each month would therefore be 1%.
What is the future worth of a series of equal year-end deposits of $3,500 for 11 years in a savings account that earns 13% annual interest if the following were true? (a) All deposits are made at the end of each year? (b) All deposits are made at the beginning of each year? Click the icon to view the interest factors for discrete compounding when i = 13% per year. (a) The future worth of a series of equal year...
What is the future value of $8,650 at the end of 7 periods at
8% compounded interest? (Round factor values to 5
decimal places, e.g. 1.25124 and final answer to 0 decimal places,
e.g. 458,581.)
The future value
$
Click here to view factor tables
What is the present value of $8,650 due 8 periods hence, discounted
at 6%? (Round factor values to 5 decimal places, e.g.
1.25124 and final answer to 0 decimal places, e.g.
458,581.)
The present value...
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