Please show the explanation in Excel format
Homework Answers
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Enter the below formula in any cell
=FV(1.5%,12*3,-105,-1000)
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Please show the explanation in Excel format
Question 2 (2 marks) Jennifer has $1,000 invested in...
Jennifer has $6,000 invested in a money market account that pays 1.5% interest compounded monthly at...
Jennifer has $6,000 invested in a money market account that pays 1.5% interest compounded monthly at the end of each month. She makes deposits at the end of each month of $250 . How much will she have in the account after 3 years? Enter Answer Complete your rough work (if any) in the space below ↑ Enter your Final Answer Here
Show how to enter into EXCEL 1. You have decided to place $153 in equal deposits...
Show how to enter into EXCEL 1. You have decided to place $153 in equal deposits every month at the beginning of the month into a savings account earning 4.69 percent per year, compounded monthly for the next 15 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places 2. What is the present value of the following annuity? $4,765 every...
please help with the following: show on excel. Question 3. (2 marks) You invest $28,000 in...
please help with the following: show on excel.
Question 3. (2 marks) You invest $28,000 in an account today. The account will pay 7.2% compounded annually. How long will it take until you have $40,000 in the account? 4.88 years 4.94 years 5.13 years 5.20 years none of the above d) Question 4. (2 marks) You have just bought a car for $34,000. You borrowed the purchase price from the bank. The loan has a quoted rate of 8.2% compounded...
please show work. NO excel or programs (5) Sheryl Tran pays $245 at the end of...
please show work. NO excel or programs
(5) Sheryl Tran pays $245 at the end of each month for ten years in order to repay a loan of $22,000. The lender makes level deposits to a sinking fund account that is held by a third party and that pays an annual effective interest rate of 3% during the first four years and a nominal monthly discount rate of 4% there. after. Find the difference between the annual effective interest rate...
Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of
9. Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded quarterly. His investment is now worth $22,438.81. How much did he originally invest? Please round the answer to the nearest cent. 10. Joe plans to deposit $300 at the end of each month into a bank account for a period of 2 yr, after which he plans to deposit S500 at the end of each month into the same...
please not on excel this is all the info i have to the problem 2. Mrs....
please not on excel
this is all the info i have to the problem
2. Mrs. Raad is celebrating today her 38th birthday. She is planning to retire when she is 64 years old. To maintain a certain living standard she wants each monthly retirement income to have the same purchasing power as $4,200 has today. Inflation is expected to be 175 percent monthly from today forward. She will get her first monthly retirement pay at the end of the...
please help, show work. 5.) Jennifer has been given money for her birthday. She puts her...
please help, show work. 5.) Jennifer has been given money for her birthday. She puts her money in a savings account offers an annual interest rate of 4.50%, compounded monthly. What is the effective annual rate (EAR) on the saving account? 6.) An individual invests $10,000 today in an investment that is expected to be worth $20,000 in 6 years. What annualized rate of return is the investor expecting to receive on the investment? 7.) A college graduate just bought...
need corrections please ty answers only please A sinking fund is established by a working couple...
need corrections please ty
answers only please
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what sie deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity dur. ordinary annuity annuity due...
Question 8 0/9 pts Leona opens a savings account with an initial deposit of $150. She...
Question 8 0/9 pts Leona opens a savings account with an initial deposit of $150. She then deposits $150 into that savings account at the end of every subsequent month. This savings account pays an annual interest rate of 3.6% and is compounded monthly. How much does Leona have in her account at the end of each of the first 3 years? not ((1+5)* - 1 B(t)= P. (5) Round your answer to the nearest penny. Input the dollar sign...
**PLEASE USE yn=(b/1-a)+(yo-b/1-a)(a^n) a. Sharon wants to retire in 30 years time, and so decides to...
**PLEASE USE yn=(b/1-a)+(yo-b/1-a)(a^n) a. Sharon wants to retire in 30 years time, and so decides to start a new retirement savings account. She wants to accumulate 250000 dollars by the time she retires. Initially, Sharon deposits 2000 dollars into the account. She will make further deposits at the end of each month. The account will earn interest at annual rate 8 percent, compounded monthly. How much will she have to deposit into the account each month in order to reach...
please help with the following: show on excel.
Question 3. (2 marks) You invest $28,000 in an account today. The account will pay 7.2% compounded annually. How long will it take until you have $40,000 in the account? 4.88 years 4.94 years 5.13 years 5.20 years none of the above d) Question 4. (2 marks) You have just bought a car for $34,000. You borrowed the purchase price from the bank. The loan has a quoted rate of 8.2% compounded...
please show work. NO excel or programs
(5) Sheryl Tran pays $245 at the end of each month for ten years in order to repay a loan of $22,000. The lender makes level deposits to a sinking fund account that is held by a third party and that pays an annual effective interest rate of 3% during the first four years and a nominal monthly discount rate of 4% there. after. Find the difference between the annual effective interest rate...
please not on excel
this is all the info i have to the problem
2. Mrs. Raad is celebrating today her 38th birthday. She is planning to retire when she is 64 years old. To maintain a certain living standard she wants each monthly retirement income to have the same purchasing power as $4,200 has today. Inflation is expected to be 175 percent monthly from today forward. She will get her first monthly retirement pay at the end of the...
need corrections please ty
answers only please
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what sie deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity dur. ordinary annuity annuity due...
Question 8 0/9 pts Leona opens a savings account with an initial deposit of $150. She then deposits $150 into that savings account at the end of every subsequent month. This savings account pays an annual interest rate of 3.6% and is compounded monthly. How much does Leona have in her account at the end of each of the first 3 years? not ((1+5)* - 1 B(t)= P. (5) Round your answer to the nearest penny. Input the dollar sign...
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