7) What is the future value of a $400/month deposit at the end of 3 years?...
Use compounded interest rate unless it explicitly requires using simple interest. What is the future value of a $400/month deposit at the end of 4 years? Your first deposit occurs now (at month 0) and your last deposit is at the end of month 48. The monthly interest rate is 1% compounded monthly.
1.Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 3%, 5-year ordinary annuity that pays $250 each year? Round your answer to the nearest cent. $ If this were an annuity due, what would its future value be? Round your answer to the nearest cent. $ 2. Present and Future Value of an Uneven Cash Flow Stream An investment will pay $100 at the end of each of the next 3 years, $400 at the...
What is the future value at the end of year 13 of a series of deposits that starts at $6,000 in year 1 and shrinks by 7% per year for 13 years (last deposit occurs at the end of year 13)? The annual interest rate is 7% compounded annually
Without using excel 4) What is the future value at the end of year 13 of a series of deposits that starts at S6,000 in year 1 and shrinks by 7% per year for 13 years (last deposit occurs at the end of year 13)? The annual interest rate is 7% compounded annually
Satwinder deposited $145 at the end of each month for fifteen years at 7.5% compounded monthly. After her last deposit she converted the balance into an ordinary annuity paying $1200 every three months for twelve years. If interest on the annuity is compounded semi-annually what is the nominal rate of interest paid by the annuity?
Functions 1. You are presented with two investment strategies for the next ten years. In strategy A, you deposit $300 into an account at the end of each month for the next four years, then allow the account to accumu- late interest for the remaining six years. In strategy B, you do nothing for five years and then deposit $300 at the start of each month for the remaining five years. In both cases, interest is paid at the rate...
What is the future value at the end of year 10 of a series of 6 deposits? The first deposit occurs at the end of year 5 and is $700. The remaining deposits increase by $100/year, so the year 2 deposit will be $800, and the last deposit will be $1,200 occurring at the end of year 10. Assume i = 8% annual rate compounded annually. Please show all hand equations used
1. You have $49,061.69 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $200,000. You expect to earn 9.1% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. 2. Present and Future Value of an Uneven Cash Flow Stream An investment will pay $100 at the end of each of the next 3...
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 1: What will a deposit of $500 at 7% annual interest be worth if left in the bank for ten years? Problem 2: How much must you deposit at the end of each year in an account that pays an annual interest rate of 20 percent, if at the end of 5 years you want S10,000 in the account? Problem 3: If you invest $2,500 in a bank account that pays 6% interest compounded monthly, how much will you...