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1. You have decided to place $153 in equal deposits every month at
the beginning of the month into a savings account earning 4.69
percent per year, compounded monthly for the next 15 years. The
first deposit is made today. How much money will be in the account
at the end of that time period?
Round the answer to two decimal places
2. What is the present value of the following annuity?
$4,765 every half year at the beginning of the period for the next
9 years, discounted back to the present at 10.98 percent per year,
compounded semiannually.
Round the answer to two decimal places
3. You plan to buy a house in 4 years. You want to save money for a
down payment on the new house. You are able to place $403 every
month at the end of the month into a savings account at an annual
rate of 4.03 percent, compounded monthly. How much money will be in
the account after you made the last payment?
Round the answer to two decimal places.
4. You are going to save money for your son’s education. You
have decided to place $2,329 every half year at the end of the
period into a saving account earning 14.66 percent per year,
compounded semi-annually for the next 8 years. How much money will
be in the account at the end of that time period?
Round the answer to two decimal places.
5. A car dealership offers you no money down on a new car. You
may pay for the car for 5 years by equal monthly end-of-the-month
payments of $549 each, with the first payment to be made one month
from today. If the discount annual rate is 16.41 percent compounded
monthly, what is the present value of the car payments?
Round the answer to two decimal places.
6. What is the present value of the following annuity?
$3,151 every quarter year at the end of the quarter for the next 11
years, discounted back to the present at 4.98 percent per year,
compounded quarterly?
Round the answer to two decimal places.
Show how to enter into EXCEL 1. You have decided to place $153 in equal deposits...
You have decided to place $175 in equal deposits every month at the beginning of the month into a savings account earning 7.66 percent per year, compounded monthly for the next 14 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places. Thank you.
You have decided to place $416 in equal deposits every month at the beginning of the month into a savings account earning 3.04 percent per year, compounded monthly for the next 11 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places.
You have decided to place $416 in equal deposits every month at the beginning of the month into a savings account earning 3.04 percent per year, compounded monthly for the next 11 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places.
You have decided to place $147 in equal deposits every month at the beginning of the month into a savings account earning 13.34 percent per year, compounded monthly for the next 14 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places
You have decided to place $166 in equal deposits every month at the beginning of the month into a savings account earning 5.58 percent per year, compounded monthly for the next 15 years. The first deposit is made today. How much money will be in the account at the end of that time period? Please provide steps and show work using excel.
You are going to save money for your son's education. You have decided to place $2,667 every half year at the end of the period into a saving account earning 8.58 percent per year, compounded semi-annually for the next 3 years. How much money will be in the account at the end of that time period? Round the answer to two decimal places.
You are going to save money for your son’s education. You have decided to place $1,192 every half year at the end of the period into a saving account earning 9.21 percent per year, compounded semi-annually for the next 9 years. How much money will be in the account at the end of that time period? Round the answer to two decimal places.
For the next 7 years, you decide to place $1,536 in equal year-end deposits into a savings account earning 6.60 percent per year. How much money will be in the account at the end of that time period? Round the answer to two decimal places.
For the next 8 years, you decide to place $3,747 in equal year-end deposits into a savings account earning 5.74 percent per year. How much money will be in the account at the end of that time period? Round answer to two decimal places.
For the next 15 years, you decide to place $1,299 in equal year-end deposits into a savings account earning 11.37 percent per year. How much money will be in the account at the end of that time period? Round the answer to two decimal places.