If you deposit $4,400 now at a 3% annual interest rate, how many years (to the nearest year) until you have $7,700, assuming you do not make any other deposits or withdrawals? (Enter your answer as an integer.)
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If you deposit $4,400 now at a 3% annual interest rate, how many years (to the...
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...
If you invest $1000 now at an interest rate of 5% compounded annually, how many annual withdrawals of $200 could you make until the fund is exhausted (closest to zero)
(3) How many years would it take for you to double your initial deposit? The interest rate is 4%/ year, compounded annually. You make a deposit only once in the beginning. You may round the final answer to the nearest hundredth. For example, just write down 3.41 years if the true answer were 3.4123. (Hint: Let SC denote the initial deposit. Then, the future value will be $2C someday. Find how many years you should wait until such day comes...
3.You borrow $100,000 today, the annual interest rate is 12%, you repay the interest and principle once a year. The loan will be payoff in 30 years. What is your annual payment? 4.Matt plans to make 35 equal yearly deposits into his retirement account starting one vear from now (t-1). Starting at t-36, he will make 20 equal withdrawals of S150,000 each year from this account. The intere must Matt deposit each year to satisfy his retirement needs? 5.Kevin is...
If you invest $1000 now at an interest rate of 5% compound ed annually, how many annual withdrawals of $200 could you make until the fund is exhausted (closest to zero)?
Today you deposit 100$ today an account that earns 12% annual interest. If you do not make any additional deposits or withdrawals how long does it take to double your money ?
Suppose you deposit 4859 today in a savings account that earns an annual interest rate of 4.53% which is compounded annually. Assuming no withdrawals, how much would you have at the end of 8 years?
How much do you have to deposit today in order to allow 6 annual withdrawals, beginning at the end of year 19, with a first withdrawal of $2208 and with subsequent withdrawals decreasing at the rate of 1% over the previous year's withdrawal? Assume an interest rate of 6% compounded annually Enter your answer as: 1234 Round your answer. Do not use a dollar sign ("$"), any commas(") or a decimal point ("")
1.)You make a deposit of $46 each year for 40 years in an account that earns a simple interest rate of 6% per year. If you make the first deposit today, the future value of the deposits in 90 years will be:$___________ 2.)How will you enter 10% in a computational formula (not in a financial calculator)? 3.)At what rate of interest will an amount triple in 50 years? Enter your answer as decimals, not percentages (e.g., enter 0.01 instead of...
(11) An account with an annual interest rate of 3% is opened and some amount of money is deposited today. Assuming no Further transactions (withdrawals or deposits) on the account, how much should the initial deposit be so that the account has $500 16 months from now if interest is compounded (a) annually? (2 points) (b) monthly? (2 points) (c) quarterly? (4 points) (d) continuously? (2 points) Also, provide the ANNUAL yield in all parts.
(11) An account with an...