You want to save $8500 to take your dream vacation. You plan to save $2500 a...
You want to save $8500 to take your dream vacation. You plan to save $2500 a year in an account that pays 2.75% interest. How many years will it take to save enough money to travel? You currently have $0 in your dream vacation fund. Show each variable and the corresponding value (NPER, Rate, FV, PV, PMT, TYPE). Calculate percentage out to 2 decimal places.
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You want to save $8500 to take your dream vacation. You plan to
save $2500 a...
You want to buy a house in five years. You prefer to live in an area...
You want to buy a house in five years. You prefer to live in an area in which houses are currently selling at an average price of $325,000. You know that the average price of the houses in the area will likely increase by 1.25% per year over the next five years. What will be the average price of a house in the area in five years? Nper PMT PV You know that 20% of the price of the house....
To fund your dream around-the-world vacation, you plan to save $2,575 per year for the next...
To fund your dream around-the-world vacation, you plan to save $2,575 per year for the next 13 years starting one year from now. If you can earn an interest rate of 5.41 perce how much will you have saved for your vacation? Multiple Choice Ο $46,818.51 Ο $45,204.08 Ο $44,395.65 Ο $44,782.92 Ο $41,972.78
You decide to save for your dream vacation to Europe (London, Paris, and Rome). You want...
You decide to save for your dream vacation to Europe (London, Paris, and Rome). You want to be able to travel in 9 years. If you believe your trip will cost $5,845 and you can earn 9.2 percent annual interest on your savings, how much must you deposit today so you can afford your trip in 9 years? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
You want to start saving for the vacation home that you plan to buy when your...
You want to start saving for the vacation home that you plan to buy when your children finally leave the house. You estimate that you will need $200,000 in eighteen years. If you can earn 6% per annum, how much must be deposited at the beginning of each of the next eighteen years to fund your dream house? What are keys to press on financial calculator?
To fund your dream around-the-world vacation, you plan to save $1,250 per year for the next...
To fund your dream around-the-world vacation, you plan to save $1,250 per year for the next 12 years starting one year from now. If you can earn an interest rate of 5.71 percent, how much will you have saved for your vacation? Multiple Choice o $18,431.38 o $20,018.86 o $19,832.35 o О $20,73382 $20,733.82 o $19,582.60 The value of the following cash flows four years from today is $8,487.54. The interest rate is 5.6 percent. What is the value of...
A) If you delay saving by 5 years, what would the interest rate (APR) need to...
A) If you delay saving by 5 years, what would the interest rate (APR) need to be for you to hit the target amount ($349,881.67)? Use excel RATE function and show values for arguments (nper, pmt, pv, fv, type, guess).. B) Convert that APR to an EAR. Use excel EFFECT function and show values for arguments (nominal_rate, npery) C) Amount you need in your account at retirement in order to spend $5000 each period? Use excel PV function and show...
please help with this i do not know the correct answer thanks. You want to take...
please help with this i do not
know the correct answer thanks.
You want to take a dream vacation in 3.5 years. You plan to save up $5,000 in your vacation sinking fund. Assume an interest rate of 8% compounded annually. How much will you have to save if you make a lump sum deposit to the sinking fund (i) during the year or (ii) at the beginning of the year? (i) $1,540 and (ii) $1,540 (i) $1,640 and (ii)...
You want to buy a house in five years. You prefer to live in an area...
You want to buy a house in five years. You prefer to live in an area in which houses are currently selling at an average price of $325,000. You know that the average price of the houses in the area will likely increase by 1.25% per year over the next five years. What will be the average price of a house in the area in five years? Rate Nper PMT PV FV Type
Problem 3: How many years will it take for an intial investment of $2000, earning 5.4%...
Problem 3: How many years will it take for an intial investment of $2000, earning 5.4% annually, to reach $10,000? NPER ? VY (Rate) PV PMT FV Compounding Periods CPT (Compute)? Problem 4: You have future plans to buy a house 5 years from now. You estimate that a down payment of $20,000 will be required at that time. To accumulate that amount, you want to start making monthly payments into an account paying 3.9% interest. What will your monthly...
Unfortunately this is my second time uploading this because instructions were not read properly. I need...
Unfortunately this is my second time uploading this because
instructions were not read properly. I need full excel formulas for
each answer. for example: PV(.085,5000,8,1000.0) this is required
for each answer. There are 6 in this one multi part question. Thank
you...
We were unable to transcribe this imageExcel File Edit View Insert Format Tools Data Window Hel 0书20% Tue 11:31 PM a 385excel project.xlsx fou A 100% QSearch in Sheet A Home Layout Tables Charts SmartArt Formulas Data Review...
You want to buy a house in five years. You prefer to live in an area in which houses are currently selling at an average price of $325,000. You know that the average price of the houses in the area will likely increase by 1.25% per year over the next five years. What will be the average price of a house in the area in five years? Nper PMT PV You know that 20% of the price of the house....
To fund your dream around-the-world vacation, you plan to save $2,575 per year for the next 13 years starting one year from now. If you can earn an interest rate of 5.41 perce how much will you have saved for your vacation? Multiple Choice Ο $46,818.51 Ο $45,204.08 Ο $44,395.65 Ο $44,782.92 Ο $41,972.78
You decide to save for your dream vacation to Europe (London, Paris, and Rome). You want to be able to travel in 9 years. If you believe your trip will cost $5,845 and you can earn 9.2 percent annual interest on your savings, how much must you deposit today so you can afford your trip in 9 years? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
To fund your dream around-the-world vacation, you plan to save $1,250 per year for the next 12 years starting one year from now. If you can earn an interest rate of 5.71 percent, how much will you have saved for your vacation? Multiple Choice o $18,431.38 o $20,018.86 o $19,832.35 o О $20,73382 $20,733.82 o $19,582.60 The value of the following cash flows four years from today is $8,487.54. The interest rate is 5.6 percent. What is the value of...
please help with this i do not
know the correct answer thanks.
You want to take a dream vacation in 3.5 years. You plan to save up $5,000 in your vacation sinking fund. Assume an interest rate of 8% compounded annually. How much will you have to save if you make a lump sum deposit to the sinking fund (i) during the year or (ii) at the beginning of the year? (i) $1,540 and (ii) $1,540 (i) $1,640 and (ii)...
You want to buy a house in five years. You prefer to live in an area in which houses are currently selling at an average price of $325,000. You know that the average price of the houses in the area will likely increase by 1.25% per year over the next five years. What will be the average price of a house in the area in five years? Rate Nper PMT PV FV Type
Problem 3: How many years will it take for an intial investment of $2000, earning 5.4% annually, to reach $10,000? NPER ? VY (Rate) PV PMT FV Compounding Periods CPT (Compute)? Problem 4: You have future plans to buy a house 5 years from now. You estimate that a down payment of $20,000 will be required at that time. To accumulate that amount, you want to start making monthly payments into an account paying 3.9% interest. What will your monthly...
Unfortunately this is my second time uploading this because
instructions were not read properly. I need full excel formulas for
each answer. for example: PV(.085,5000,8,1000.0) this is required
for each answer. There are 6 in this one multi part question. Thank
you...
We were unable to transcribe this imageExcel File Edit View Insert Format Tools Data Window Hel 0书20% Tue 11:31 PM a 385excel project.xlsx fou A 100% QSearch in Sheet A Home Layout Tables Charts SmartArt Formulas Data Review...
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