Homework Answers
Future value is $ 43585.80
In microsoft excel use function fv and put figures as shown below:
Add Answer to:
Brenda plans to reduce her spending by $90 a month. Calculate the future value of this...
Problem 2-13 (LO2.4) Brenda plans to reduce her spending by $90 a month. What would be...
Problem 2-13 (LO2.4) Brenda plans to reduce her spending by $90 a month. What would be the future value of this reduced spending over the next 10 years? (Assume an annual deposit to her savings account, and interest rate of 4 percent.) Use Exhibit 1.B. (Round time value factor to 3 decimal places and final an annual answer to 2 decimal places.) Future value
Problem 2-12 (LO2.4) Brenda plans to reduce her spending by $30 a month. What would be...
Problem 2-12 (LO2.4) Brenda plans to reduce her spending by $30 a month. What would be the future value of this reduced spending over the next 13 years? (Assume an annual deposit to her savings account and an annual interest rate of 3 percent.) Use Exhibit 1-B. (Round FVA facto to 3 decimal places and final answer to 2 decimal places.) Future value s 17,109.12
Problem 2-13 (LO2.4) Brenda plans to reduce her spending by $85 a month. What would be...
Problem 2-13 (LO2.4) Brenda plans to reduce her spending by $85 a month. What would be the future value of this reduced spending over the next 10 years? (Assume an annual deposit to her savings account, and an annual interest rate of 4 percent.) Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value References eBook &Resources Worksheet Difficulty: Basic Problem 2-13 (LO2.4) Learning Objective: 02-04 Connect money management activities...
Brenda plans to reduce her spending by $90 a month. Calculate the future value of this...
Brenda plans to reduce her spending by $90 a month. Calculate the future value of this increase in savings over the next 18 years. (Assume an annual deposit to her savings account, and an annual interest rate of 8 percent.) Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value Period 1% 10% 201 202 2.06 1 2 203 3,091 2. 2.31 .11 3.242 3.03 3.06 3.246 3.184 4,375 2.09...
Use future value and present value calculations to determine the following (a) The future value of...
Use future value and present value calculations to determine the following (a) The future value of a $400 savings deposit after eight years at an annual interest rate of 3 percent. Use Table 1. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value (b) The future value of saving $1,800 a year for five years at an annual interest rate of 4 percent. Use Table 2. (Round time value factor to 3...
Calculate the future value of a retirement account in which you deposit $3,000 a year for 40 years with an annual intere...
Calculate the future value of a retirement account in which you deposit $3,000 a year for 40 years with an annual interest rate of 8 percent. Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to the nearest whole number.)
Future value of five years 8% = 1.469 On December 30, you decide to make a...
Future value of five years 8%
= 1.469
On December 30, you decide to make a $1,000 charitable donation a. If you are in the 20.5 percent federal tax bracket, how much will you save in taxes for 2016? Assume that amounts in excess of $200 do not exceed 75 percent of Net income. (Omit the "$" sign in your response.) Tax savings for the current year$ b. If you deposit that tax savings in a savings account for the...
Exercise B-16 Future value of an annuity LO P4 Kelly Malone plans to have $47 withheld from her monthly paycheck and de...
Exercise B-16 Future value of an annuity LO P4 Kelly Malone plans to have $47 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually, compounded monthly. If Malone continues with her plan for two and one-half years, how much will be accumulated in the account on the date of the last deposit? (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round your...
Future Value. Sandra wants to deposit $100 each year for her son. If she places it...
Future Value. Sandra wants to deposit $100 each year for her son. If she places it in an investment account that averages a 33% annual return, what amount will be in the account in 18 years? How much will she have if the account earns 11% a year? If she places it in a savings account that pays 3 percent, the amount that will be in the account in 18 years is ? (Round to the nearest cent.) ...
helpProblem 5-1 Future Value (LG5-1) 25 Compute the future value in year 7 of a...
Problem 5-1 Future Value (LG5-1) Compute the future value in year 7 of a $2,200 deposit in year 1, and another $1700 deposit at the end of year 4 using a 8 percent interest rate (Do not round intermediate calculations and round your final answer to 2 decimal places.) Problem 4 and 5-6 Present Value and Annuity Payments A local furniture store is advertising a deal in which you buy a $4,200 living room set with three years before you need to make...
Problem 2-13 (LO2.4) Brenda plans to reduce her spending by $90 a month. What would be the future value of this reduced spending over the next 10 years? (Assume an annual deposit to her savings account, and interest rate of 4 percent.) Use Exhibit 1.B. (Round time value factor to 3 decimal places and final an annual answer to 2 decimal places.) Future value
Problem 2-12 (LO2.4) Brenda plans to reduce her spending by $30 a month. What would be the future value of this reduced spending over the next 13 years? (Assume an annual deposit to her savings account and an annual interest rate of 3 percent.) Use Exhibit 1-B. (Round FVA facto to 3 decimal places and final answer to 2 decimal places.) Future value s 17,109.12
Problem 2-13 (LO2.4) Brenda plans to reduce her spending by $85 a month. What would be the future value of this reduced spending over the next 10 years? (Assume an annual deposit to her savings account, and an annual interest rate of 4 percent.) Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value References eBook &Resources Worksheet Difficulty: Basic Problem 2-13 (LO2.4) Learning Objective: 02-04 Connect money management activities...
Brenda plans to reduce her spending by $90 a month. Calculate the future value of this increase in savings over the next 18 years. (Assume an annual deposit to her savings account, and an annual interest rate of 8 percent.) Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value Period 1% 10% 201 202 2.06 1 2 203 3,091 2. 2.31 .11 3.242 3.03 3.06 3.246 3.184 4,375 2.09...
Use future value and present value calculations to determine the following (a) The future value of a $400 savings deposit after eight years at an annual interest rate of 3 percent. Use Table 1. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value (b) The future value of saving $1,800 a year for five years at an annual interest rate of 4 percent. Use Table 2. (Round time value factor to 3...
Future value of five years 8%
= 1.469
On December 30, you decide to make a $1,000 charitable donation a. If you are in the 20.5 percent federal tax bracket, how much will you save in taxes for 2016? Assume that amounts in excess of $200 do not exceed 75 percent of Net income. (Omit the "$" sign in your response.) Tax savings for the current year$ b. If you deposit that tax savings in a savings account for the...
Exercise B-16 Future value of an annuity LO P4 Kelly Malone plans to have $47 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually, compounded monthly. If Malone continues with her plan for two and one-half years, how much will be accumulated in the account on the date of the last deposit? (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round your...
Most questions answered within 3 hours.
-
Direct marketing is also referred to as Question 50 options: 1)
one-to-one marketing. 2) business-customer marketing....
asked 49 seconds from now -
INK Ltd is grocery retailer with 103 shops around South
Australia and Tasmania. The company has...
asked 4 minutes ago -
HOW BEER IS MADE
The beer making process is an art. It takes time, patience and...
asked 5 minutes ago -
What two methods could be used to purify the dimethyl
fumarate?
Based on the 12 Principles...
asked 14 minutes ago -
Reflect upon the readings and videos as well as our Media Monday
discussion. Integrating concepts from...
asked 19 minutes ago -
1. A cylindrical capacitor with A = 0.01, B = 0.1 and a length
of 5...
asked 26 minutes ago -
Explain how taking an SGLT-2 inhibitor, along with taking
insulin leads to ketoacidosis in people who...
asked 35 minutes ago -
Show the truth table of the
gates needed to control the PISO internal FF, has a...
asked 38 minutes ago -
If X ~ N(50; 100); Determine the value of '' k '' for both
situation:
a)...
asked 56 minutes ago -
In paired t-test, what's the difference between using pooled
variance and using the standard deviation of...
asked 57 minutes ago -
What are the major ethical theories, and how do they apply to
the role of a...
asked 57 minutes ago -
''Driving the call for multilateralism in trade at the summit
was Chinese President Xi Jinping, whose...
asked 51 minutes ago