Blackboard How much must you deposit, today, in order to accumulate $1,000,000 in 6 years, if...
If you wish to accumulate $249,000 in 6 years, how much must you deposit today in an account that pays a quoted annual interest rate of 13% with quarterly compounding of interest? $119,599.31 $115,568.08 $159,067.09 $105,282.52 $198,534.86
. If you wish to accumulate $197,000 in 5 years, how much must you deposit today in an account unding of interest?
You deposit $1,500 at the end of every year for four years. How much will accumulate in four years if you earn six percent compounded annually? Use Excel or a financial calculator for computation. Round answer to the nearest dollar.
qucau pomus) You want to accumulate $1,000,000 in retirement funds by your 65th birthday. Today is your 30th birthday, and you plan on making annual investments into a mutual fund that you project will earn a 9% annual rate of return. Your first deposit will take place! today and your last deposit will take place on your 65th birthday. What is the amount of the annual payment you must make each year in order to have $1,000,000 in your account...
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 ("")
How much do you have to invest today in order to have $5402 in 6 years if your investment account earns 5% compounded annually Calculate your answer to the nearest dollar and input it as just the number with no dollar sign, commas or decimal points (e.g., 3745)
How much do you have to invest today in order to have $5402 in 6 years if your investment account earns 5% compounded annually Calculate your answer to the nearest dollar and input it as just the number with no dollar sign, commas or decimal points (e.g., 3745)
13. How much must you deposit in an account today so that you have a balance of $ 10,974 at the end of 12 years if interest on the account is 9 % p.a., but with quarterly compounding? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). 14. The Milken Company is offering you an investment that promises you $10,000 at the end of 8 years if you invest $ 7,267 today....
Complex present value) You would like to have $56 comma 000 in 16 years. To accumulate this amount you plan to deposit each year an equal sum in the bank, which will earn 6 percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should...
(Complex present value) You would like to have $30,000 in 16 years. To accumulate this amount you plan to deposit each year an equal sum in the bank, which will earn 7 percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum...