Homework Answers
Here I'm using the given formulae .For interest I=A-P.answer are below thank you.
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Periodic Deposit Rate Time a. After 15 years, you will have approximately $ (Do not round...
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial...
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate Time Financial Goal S? at the end of each month 3.5% compounded monthly 11 years $180,000 Click the icon to view some finance formulas. a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. $of the $180,000 comes...
a. Use the appropriate formula to determine the periodic deposit b. How much of the financial...
a. Use the appropriate formula to determine the periodic deposit b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate Time Financial Goal $7 at the end of each month 3 25% compounded monthly 45 years $1,250,000 Click the icon to view some finance formulas a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.) Enter your answer in...
A. Use the appropriate formula to determine the periodic deposit b. How much of the financial goa...
a. Use the appropriate formula to determine the periodic deposit b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate 55% compounded quarterly Time 5years Financial Goal $10,000 at the end of every three months mo Click the icon to view some finance formulas. a, The periodic deposit is S (Do not round until the final answer. Then round up to the nearest dollar as needed) b, s/ ] of the...
Al the age of 27 to save for retirement, you decide to deposit $10 at the...
Al the age of 27 to save for retirement, you decide to deposit $10 at the end of each month in an IRA that pays 6% compounded monthly a Use the following formula to determine how much you will have in the IRA when you retire at age 65 P[(1+r)-1] A a. You will have approximately in the IRA when you retire. (Do not round until the final answer. Then found to the nearest dollar as needed.) D. The interest...
Question Help Suppose that you earned a bachelor's degree and a. After 5 years, you will...
Question Help Suppose that you earned a bachelor's degree and a. After 5 years, you will have approximately $. now you're teaching high school. The school district (Do not round until the final answer. Then round to offers teachers the opportunity to take a year off to the nearest dollar as needed.) earn a master's degree. To achieve this goal, you deposit $4000 at the end of each year in an annuity b. The interest is approximately $ that pays...
Question Help At age 30, to save for retirement, Rebecca decides to deposit $55 at the...
Question Help At age 30, to save for retirement, Rebecca decides to deposit $55 at the end of each month in an IRA that pays 6.7% compounded monthly Use the formula for the value of an annuity a. How much will she have from the IRA when she retires at age 657 b. Find the interest . A n a. How much money will be in the IRA when Rebecca retros? $9334183 (Do not round until the final answer. Then...
Find the interest rate for a $7500 deposit accumulating to $12,042, compounded annually for 8 years....
Find the interest rate for a $7500 deposit accumulating to $12,042, compounded annually for 8 years. The interest rate is %. (Do not round until the final answer. Then round to two decimal places as needed.) Find the face value of the zero-coupon bond. 17-year bond at 5.4%; price $6000 The face value will be $ (Do not round until the final answer. Then round to the nearest dollar as needed.) Find the face value of the zero-coupon bond. 20-year...
How much should you deposit at the end of each month into an investment account that...
How much should you deposit at the end of each month into an investment account that pays 6% compounded monthly to have $3 million when you retire in 40 years? How much of the $3 million comes from interest? In order to have $3 million in 40 years, you should deposit how much each month? ___ round to the nearest dollar. $___ of the $3 million comes from interest. use the answer from part a to find this answer round...
Find the interest rate for a $8500 deposit accumulating to $11,255, compounded annually for 8 years....
Find the interest rate for a $8500 deposit accumulating to $11,255, compounded annually for 8 years. The interest rate is % (Do not round until the final answer. Then round to two decimal places as needed.)
If an annuity can make an unending number of equal payments at the end of the...
If an annuity can make an unending number of equal payments at
the end of the interest periods, it is called a
perpetuity. If a lump sum investment of
An is needed to result in n periodic
payments of R when the interest rate per period is
i, then
(a) Evaluate lim n→∞
An to find a
formula for the lump sum payment for a perpetuity.
(b) Find the lump sum investment needed to make payments of $90 per
month...
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate Time Financial Goal S? at the end of each month 3.5% compounded monthly 11 years $180,000 Click the icon to view some finance formulas. a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. $of the $180,000 comes...
a. Use the appropriate formula to determine the periodic deposit b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate Time Financial Goal $7 at the end of each month 3 25% compounded monthly 45 years $1,250,000 Click the icon to view some finance formulas a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.) Enter your answer in...
a. Use the appropriate formula to determine the periodic deposit b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate 55% compounded quarterly Time 5years Financial Goal $10,000 at the end of every three months mo Click the icon to view some finance formulas. a, The periodic deposit is S (Do not round until the final answer. Then round up to the nearest dollar as needed) b, s/ ] of the...
Al the age of 27 to save for retirement, you decide to deposit $10 at the end of each month in an IRA that pays 6% compounded monthly a Use the following formula to determine how much you will have in the IRA when you retire at age 65 P[(1+r)-1] A a. You will have approximately in the IRA when you retire. (Do not round until the final answer. Then found to the nearest dollar as needed.) D. The interest...
Question Help Suppose that you earned a bachelor's degree and a. After 5 years, you will have approximately $. now you're teaching high school. The school district (Do not round until the final answer. Then round to offers teachers the opportunity to take a year off to the nearest dollar as needed.) earn a master's degree. To achieve this goal, you deposit $4000 at the end of each year in an annuity b. The interest is approximately $ that pays...
Question Help At age 30, to save for retirement, Rebecca decides to deposit $55 at the end of each month in an IRA that pays 6.7% compounded monthly Use the formula for the value of an annuity a. How much will she have from the IRA when she retires at age 657 b. Find the interest . A n a. How much money will be in the IRA when Rebecca retros? $9334183 (Do not round until the final answer. Then...
Find the interest rate for a $7500 deposit accumulating to $12,042, compounded annually for 8 years. The interest rate is %. (Do not round until the final answer. Then round to two decimal places as needed.) Find the face value of the zero-coupon bond. 17-year bond at 5.4%; price $6000 The face value will be $ (Do not round until the final answer. Then round to the nearest dollar as needed.) Find the face value of the zero-coupon bond. 20-year...
Find the interest rate for a $8500 deposit accumulating to $11,255, compounded annually for 8 years. The interest rate is % (Do not round until the final answer. Then round to two decimal places as needed.)
If an annuity can make an unending number of equal payments at
the end of the interest periods, it is called a
perpetuity. If a lump sum investment of
An is needed to result in n periodic
payments of R when the interest rate per period is
i, then
(a) Evaluate lim n→∞
An to find a
formula for the lump sum payment for a perpetuity.
(b) Find the lump sum investment needed to make payments of $90 per
month...
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