Could you please provide a digital illustration, or perhaps a screenshot, that shows how to properly setup this formula in MS Excel?
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Could you please provide a digital illustration, or perhaps a
screenshot, that shows how to properly...
Use the savings plan formula to answer the following question You put $400 per month in...
Use the savings plan formula to answer the following question You put $400 per month in an investment plan that pays an APR of 6.5%. How much money will you have after 25 years? Compare this amount to the total deposits made over the time period. After 25 years the investment plan will contains (Do not round until the final answer. Then round to the nearest cent as needed)
HELP In order to save for your child's college education, you've decided to begin depositing money...
HELP
In order to save for your child's college education, you've decided to begin depositing money into the local bank which is advertising a savings rate of 6% APR. This morning you opened the savings account with a deposit of $1000. $1000 into the account one year from today. You plan to deposit another After the second deposit, you'll make no additional deposits for a few years, but then, 5 years from today, you'll resume making annual deposits. More specifically,...
Pat has a Keogh retirement plan (this type of plan is tax-deferred until money is withdrawn)....
Pat has a Keogh retirement plan (this type of plan is tax-deferred until money is withdrawn). If deposits of $10,000 are made each year into an account paying 8% compounded annually, how much will be in the account after 23 years? What will be the total amount of interest earned? The amount in the account after 2 years is $ (round to the nearest cent, as needed). The amount of interest earned is s (round to the nearest cent, as...
Suppose you start saving today for a $40,000 down payment that you plan to make on...
Suppose you start saving today for a $40,000 down payment that you plan to make on a house in 5 years. Assume that you make no deposits into the account after the initial deposit. For the account described below, how much would you have to deposit now to reach your $40,000 goal in 5 years. An account with daily compounding and an APR of 7% You should invest $ (Do not round until the final answer. Then round to two...
Can you help me solve this question, but also show me how to properly put the...
Can you help me solve this question, but also show me how to
properly put the formulas/equations in Excel? I tried and I am
getting the wrong answer. Thank you
Assume you have a balance of $1300 on a credit card with an APR of 15%, or 1.25% per month. You start making monthly payments of $200, but at the same time you charge an additional $70 per month to the credit card. Assume that interest for a given month...
Please assist with how to figure these out with excel?? You’ve decided you want to get...
Please assist with how to figure these out with excel?? You’ve decided you want to get your MBA, which will cost you $15,000. If you have $10,000 now and can make 7.5% on your money, how soon can you attend classes? You’ve just been hired on your first job! Congratulations. The company has a 401(k) plan and you’ve decided to put 10% of your $45,000 salary away each year. If you can earn 8% annually on your money, how much...
Consider the two savings plans below. Compare the balances in each plan after 6 years Which...
Consider the two savings plans below. Compare the balances in each plan after 6 years Which person deposited more money in the plan? Which of the two investment strategies is better? Yolanda deposits $550 per month in an account with an APR of 3%, while Zach deposits $7000 at the end of each year in an account with an APR of 3.5% The balance in Yolanda's saving plan after 6 years was $ (Round the final answer to the nearest...
i have no idea how to do a, b, c, or d! please help if you...
i
have no idea how to do a, b, c, or d! please help if you can!!
thank you so much! if it helps, i thought that the answer to a was
1754.78 from an equation i made but that answer was wrong :(
7.1.26 Suppose you deposit $1,500 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn f a. How much will be in the account after 4...
It is now January 1. You plan to make a total of 5 deposits of $400...
It is now January 1. You plan to make a total of 5 deposits of $400 each, one every 6 months, with the first payment being made today. The bank pays a nominal interest rate of 14% but uses semiannual compounding. You plan to leave the money in the bank for 10 years. How much will be in your account after 10 years? Round your answer to the nearest cent. $ You must make a payment of $1,642.68 in 10...
It is now January 1. You plan to make a total of 5 deposits of $200...
It is now January 1. You plan to make a total of 5 deposits of $200 each, one every 6 months, with the first payment being made today. The bank pays a nominal interest rate of 8% but uses semiannual compounding. You plan to leave the money in the bank for 10 years. How much will be in your account after 10 years? Round your answer to the nearest cent. $ You must make a payment of $1,261.90 in 10...
Use the savings plan formula to answer the following question You put $400 per month in an investment plan that pays an APR of 6.5%. How much money will you have after 25 years? Compare this amount to the total deposits made over the time period. After 25 years the investment plan will contains (Do not round until the final answer. Then round to the nearest cent as needed)
HELP
In order to save for your child's college education, you've decided to begin depositing money into the local bank which is advertising a savings rate of 6% APR. This morning you opened the savings account with a deposit of $1000. $1000 into the account one year from today. You plan to deposit another After the second deposit, you'll make no additional deposits for a few years, but then, 5 years from today, you'll resume making annual deposits. More specifically,...
Pat has a Keogh retirement plan (this type of plan is tax-deferred until money is withdrawn). If deposits of $10,000 are made each year into an account paying 8% compounded annually, how much will be in the account after 23 years? What will be the total amount of interest earned? The amount in the account after 2 years is $ (round to the nearest cent, as needed). The amount of interest earned is s (round to the nearest cent, as...
Suppose you start saving today for a $40,000 down payment that you plan to make on a house in 5 years. Assume that you make no deposits into the account after the initial deposit. For the account described below, how much would you have to deposit now to reach your $40,000 goal in 5 years. An account with daily compounding and an APR of 7% You should invest $ (Do not round until the final answer. Then round to two...
Can you help me solve this question, but also show me how to
properly put the formulas/equations in Excel? I tried and I am
getting the wrong answer. Thank you
Assume you have a balance of $1300 on a credit card with an APR of 15%, or 1.25% per month. You start making monthly payments of $200, but at the same time you charge an additional $70 per month to the credit card. Assume that interest for a given month...
Consider the two savings plans below. Compare the balances in each plan after 6 years Which person deposited more money in the plan? Which of the two investment strategies is better? Yolanda deposits $550 per month in an account with an APR of 3%, while Zach deposits $7000 at the end of each year in an account with an APR of 3.5% The balance in Yolanda's saving plan after 6 years was $ (Round the final answer to the nearest...
i
have no idea how to do a, b, c, or d! please help if you can!!
thank you so much! if it helps, i thought that the answer to a was
1754.78 from an equation i made but that answer was wrong :(
7.1.26 Suppose you deposit $1,500 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn f a. How much will be in the account after 4...
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