How much would you need to deposit in an account now in order to have $5000 in the account in 5 years? Assume the account earns 3% interest compounded monthly.
How much would you need to deposit in an account now in order to have $5000...
1. How much would you need to deposit in an account now in order to have $5000 in the account in 15 years? Assume the account earns 5% interest compounded monthly. 2. You currently have $7,700 (Present Value) in an account that has an interest rate of 3% per year compounded quarterly (4 times per year). You want to withdraw all your money when it reaches $18,480 (Future Value). In how many years will you be able to withdraw all...
9. How much would you need to deposit in an account now in order to have $6,000 in the account in 8 years? Assume the account earns 6% interest compounded monthly. 13. Jose has determined he needs to have $800,000 for retirement in 30 years. His account earns 6% interest. a. How much would he need to deposit in the account each month? b. How much total money will he put into the account? c. How much total interest will...
How much would you need to deposit in an account now in order to have $6000 in the account in 15 years? Assume the account earns 4.7% interest compounded weekly. Preview
i. You deposit $5000 in an account earning 5% interest compounded monthly. How much will you have in the account in 5 years? ii. Suppose you want to have $400,000 for retirement in 20 years. Your account earns 8% interest. How much would you need to deposit in the account each month?
How much would you need to deposit in an account each month in order to have $30,000 in the account in 9 years? Assume the account earns 2.5% interest. Round your answer to the nearest cent as needed.
you deposit $5000 in an account earing 7% interest compounded monthly. how much will you have in the account in 10 years?
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...
1 How much would you need to deposit at the end of each quarter in a saving account earning 6% interest in order to accumulate $5000 at the end of 5 years.
Problem 1- Saving Money You want to deposit money into a bank account that pays 1.5% compounded monthly. Answer the following questions: f depositing $4000, how much is avaiable in the account at the end of S years? .How much do you have to deposit now in order to have $5000 available at the end of 5 years? Instead of depositing one sum of money at the beginning of the 5-year period, suppose you wish to make monthly payments. How...
5. How much would you need to deposit into an account earning 5.5%, compounded monthly, so that it grows to $6,000 in 7 years?