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if you depoiled S100ow r-O) and S200 t years from now n.2 ín a savings account...
You want to have $175,000 in your savings account 5 years from now. You’re prepared to...
You want to have $175,000 in your savings account 5 years from now. You’re prepared to make equal annual deposits at the end of each year. If the account pays 5.0% interest, what amount must you deposit each year?
You want to have $83,000 in your savings account 11 years from now, and you’re prepared...
You want to have $83,000 in your savings account 11 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.30 percent interest, what amount must you deposit each year?
You want to have $41,000 in your savings account 8 years from now, and you're prepared...
You want to have $41,000 in your savings account 8 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.9 percent interest, what amount must you deposit each year?
8-One year from now, you deposit $300 in a savings account. You deposit $1,800 the next...
8-One year from now, you deposit $300 in a savings account. You deposit $1,800 the next year. Then you wait two more years (until 4 years from now) and deposit $1,000. If your account always earns 6% annual interest and you make no withdrawals, how much will be in the account 11 years from now? 9-You deposit $5000 for 5 years at 4% annual interest. In 5 years, you add $15,000 to your account, but the rate on your account...
M C CUNICU NU Tulure Value or savings account If you put $4,000 in a savings...
M C CUNICU NU Tulure Value or savings account If you put $4,000 in a savings account that pays Interest at the rate of 7 percent, compounded annually. a. how much will you have in three years? Round the answer to the nearest cent. Round PV-factor to three decimal places or use the Appendix A. (Hint: Use the future value formula.) b. how much interest will you earn during the three years? Round the answer to the nearest cent. c....
a. You are saving for retirement 10 years from now. How much should you invest today...
a. You are saving for retirement 10 years from now. How much should you invest today so you will have an annuity of $20,000 per year for 20 years starting from the 11" year? b. If you were to invest $10,000 today @6%, how much would you have at the end of 15 years? C. You are planning to save $100,000 for a yacht purchase 5 years from now. If you believe you can earn an 8% rate of return,...
A rich aunt has promised you $2,000 one year from today. In addition, each year after...
A rich aunt has promised you $2,000 one year from today. In addition, each year after that, she has promised you a payment (on the anniversarydof the last payment) that is 3% larger than the last payment. She will continue to show this generosity for 20 years, giving a total of 20 payments. If the interest rate is 4%, what is her promise worth today? The present value of the aunt's promise is (Round to the nearest dollar.) P 4-34...
You are planning to invest $2,000 in an account earning 10% per year for retirement. a....
You are planning to invest $2,000 in an account earning 10% per year for retirement. a. If you put the $2,000 in an account at age 23, and withdraw it 41 years later, how much will you have? b. If you wait 10 years before making the deposit, so that it stays in the account for only 31 years, how much will you have at the end? a. If you put the $2,000 in an account at age 23, and...
1. (PMT =?) You wish to have $181,382 in a retirement account 12 years from now....
1. (PMT =?) You wish to have $181,382 in a retirement account 12 years from now. What payment would you have to make every year starting next year in the interest rate 6.7%? 2. (PMT, PV =?) You just won the lottery and will receive an annual payment of $ 10,680 every year fro the next 14 years stating one year from today. If the annual interest rate is 12.2%, what is the present value of the winnings? 3. (PMT,...
You want to invest your savings of $23,000 in government securities for the next 2 years....
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...
8-One year from now, you deposit $300 in a savings account. You deposit $1,800 the next year. Then you wait two more years (until 4 years from now) and deposit $1,000. If your account always earns 6% annual interest and you make no withdrawals, how much will be in the account 11 years from now? 9-You deposit $5000 for 5 years at 4% annual interest. In 5 years, you add $15,000 to your account, but the rate on your account...
M C CUNICU NU Tulure Value or savings account If you put $4,000 in a savings account that pays Interest at the rate of 7 percent, compounded annually. a. how much will you have in three years? Round the answer to the nearest cent. Round PV-factor to three decimal places or use the Appendix A. (Hint: Use the future value formula.) b. how much interest will you earn during the three years? Round the answer to the nearest cent. c....
a. You are saving for retirement 10 years from now. How much should you invest today so you will have an annuity of $20,000 per year for 20 years starting from the 11" year? b. If you were to invest $10,000 today @6%, how much would you have at the end of 15 years? C. You are planning to save $100,000 for a yacht purchase 5 years from now. If you believe you can earn an 8% rate of return,...
A rich aunt has promised you $2,000 one year from today. In addition, each year after that, she has promised you a payment (on the anniversarydof the last payment) that is 3% larger than the last payment. She will continue to show this generosity for 20 years, giving a total of 20 payments. If the interest rate is 4%, what is her promise worth today? The present value of the aunt's promise is (Round to the nearest dollar.) P 4-34...
You are planning to invest $2,000 in an account earning 10% per year for retirement. a. If you put the $2,000 in an account at age 23, and withdraw it 41 years later, how much will you have? b. If you wait 10 years before making the deposit, so that it stays in the account for only 31 years, how much will you have at the end? a. If you put the $2,000 in an account at age 23, and...
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