1.
=5000/9%*(1.09^3-1)*1.09=17865.645
2.
=1000/6%*(1-1/1.06^5)=4212.36378556572
3.
=50000/6%*(1-1/1.06^20)*1.06=607905.824583959
nncta b. $16,110.34 c. $17,513.68 d. $17,976.84 e. $16,390.50 You want to go to grad school...
You want to go to grad school 3 years from now and you can save $5,000 per year. De immediately. You plan to deposit the funds in a mutual fund which you expect to retur Under these conditions, how much will you have just after you make the 3rd deposit, 3 years in a. $14,976.84 6. $16,110.34 * using a financcu calculator c. $17,513.68 d. $17,865.65 e. $18,349.15 You have a chance to buy an annuity that pays $1,000 at...
Question 7 5 pts You want to go to Europe 5 years from now, and you can save $3.500 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 7.3% per year. Under these conditions, how much would you have just after you make the 5th deposit. 5 years from now? Your answer should be between 18,055.00 and 24,575.00, rounded to 2 decimal places, with no special characters....
You want to go to Europe 5 years from now, and you can save $7,300 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now? a. $50,608.61 b. $51,906.27 c. $46,715.64 d. $32,873.97 e. $43,255.22
e. $281.88 14. You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $2,000 per year, beginning immediately. Y pays 4.0%, interest. Under these assumptions, how much will you have 4 years from today? a. S16,112 b. $16,918 c. $8,833 ou will make 4 deposits in an account that d. $13,249 e. S13,8
14) Your father is about to retire, and he wants to buy an annuity that will provide him with $100,000 of income per year for 20 years, beginning a year from today. The going rate on such annuities is 1.0%. How much would it cost him to buy such an annuity today (in $'000s)? a $1,059 b. $1,447 c. $1,805 d. $2,009 e. $3,487 8) What would the future value of $2,000 be after 5 years at 4% compound interest?...
e $7,000 per year, count that pays 2.0% 10. You want to buy a new ski boat 2 years from now, and you plan to save $7,000 per beginning one year from today. You will deposit your savings in an account that pay interest. How much will you have lust after you make the 2nd deposit, 2 years from now? a. S14,140 b. S16,063 c. $16,480 d. S14,210 e. $14,350
11. You want to quit your job and go back to school for a law degree 4 years from now, and you $5,000 per year, beginning immediately. You will make 4 deposits in an account that pays 4.0% interest. Under these assumptions, how much will you have 4 years from today? a. $16,112 b. S16,918 c. $22,082 d. S22,628 e. $27,154
You want to quit your job and go back to school for a MBA 4 years from now, and you plan to save $8,800 per year, beginning immediately. You will make 4 deposits in an account that pays 5.7% interest. Under these assumptions, how much will you have 4 years from today? a. $32,408.12 b. $35,243.83 c. $34,838.73 d. $40,510.15 e. $48,207.08
You want to buy a new sports car 3 years from now, and you plan to save $4,200 per year, beginning one year from today. You will deposit your savings in an accountthat pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now?
An uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with income of $11,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost him to buy such an annuity today? Select the correct answer. a. $133,113.59 b. $133,122.49 c. $133,149.19 d. $133,131.39 e. $133,140.29