Your savings contract will pay you $250 each month for the next 5 years . With a 5 percent interest rate, what is this contract worth today? |
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Your savings contract will pay you $250 each month for the next 5 years . With...
Your new job offers a savings plan that pays 0.25 percent in interest each month. You can't participate in the plan, however, until you have 9 years with the company. At that time you will start saving $200 a month for the next 22 years. How much will you have in this savings account in 31 years? Round your answer to two decimals SO Another perk of your new job is that, after 9 years with the company, you will...
Your new job offers a savings plan that pays 1.00 percent in interest each month. You can't participate in the plan, however, until you have 8 years with the company. At that time you will start saving $550 a month for the next 28 years. How much will you have in this savings account in 36 years? Round your answer to two decimals. Another perk of your new job is that, after 8 years with the company, you will also...
Your parents are giving you $250 a month for four years while you are in college. At an interest rate of 0.57 percent per month, what are these payments worth to you when you first start college?
9- Sally deposited $250 a month in her savings account for 36 months. For the next 6 years she 2 made no deposits. What is the future worth in Sally's savings account at the end of the 9 years, A if the account earned 2% annual interest, compounded monthly?
Your parents have offered to give you $10,000 for each of the next 5 years. You feel like you could use that money now, so you wan to figure out how much it is worth today. If you think that the relevant interest rate is 5%, what is the present value of the 5 payments?
You are considering a savings bond that will pay $100 in 9 years. If the interest rate is 2%, what should you pay today for the bond? The amount that you should pay today for the bond is $ (Round to the nearest cent.)
1)You plan to deposit $100 in a savings account at the end of each month for the next 10 years. How much will you have in 10 years, assuming a 2% annual interest rate. 2)You wish to purchase a car that costs $22,000 today. You will put $2,000 down and borrow the remaining $20,000. The interest will be 2.00% and you will make monthly payments (end of month) over 5 years. What will your monthly payment be? I need help...
you will receive $5,000 a year in real terms for the next 5 years. each payment will be received at the end of the period with the first payment occurring one year from today. the relevant nominal discount rate is 10 percent and the inflation rate is 2 percent. what are your winnings worth today in real dollars ?
You own an annuity due contract that will pay you $3,000 per year for 12 years. You need money to pay back a loan in 5 years, and you are afraid if you get the annuity payments annually you will spend the money and not be able to pay back your loan. You decide to sell your annuity for a lump sum of cash to be paid to you five years from today. If the interest rate is 8%, what...
You want to invest your savings of $23,000 in government securities for the next 2 years. Currently, you can invest either in a security that pays interest of 7.5 percent per year for the next 2 years or in a security that matures in 1 year but pays only 5.6 percent interest. If you make the latter choice, you would then reinvest your savings at the end of the first year for another year. a. Why might you choose to...