how much invest into savings account today
=(PMT*((1-(1+r)^(-n))/r))*(1+r)
=(700*((1-(1+(3.2%/12))^(-6*12))/(3.2%/12)))*(1+(3.2%/12))
=45923.72
How much should Sophie's dad invest into a savings account today, to be able to pay...
How much should Liz's dad invest into a savings account today, to be able to pay for Liz's rent for the next 6 years if rent is $650 payable at the beginning of each month? The savings account earns 3.4% compounded monthly. Round to the nearest cent
How much should Miguel's dad invest into a savings account today, to be able to pay for Miguel's rent for the next 6 years if rent is $600 payable at the beginning of each month? The savings account earns 3.5% compounded monthly.
How much should I invest today in a bank account that offers an annual interest rate of a 12% compounded monthly, in order to be able to afford infinite monthly payments, the first one of them to be of 200 €, and the amount of the further payments increasing in a 0.2% month after month?
How much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate to $8000 in three years? The amount of money that should be deposited is $ (Round up to the nearest cent.) You deposit $14,000 in an account that pays 5% interest compounded quarterly A. Find the future value after one year B. Use the future value formula for simple interest to determine the effective annual yield. A. The future value...
3. a) b) Victoria invested her savings in a bank at 2.75% compounded monthly. How much money did she invest to enable withdrawals of $3,000 at the beginning of every 6 months from the investment for 8 years, if the first withdrawal is to be made in 12 years? Round to the nearest cent How much would a business have to invest in a fund to receive $13,000 at the end of every month for 5 years? The fund has...
How much money should Jeffrey invest today in a fund that earns interest at 4.02% compounded quarterly, if he wants to receive $3,750 at the end of every 6 months for the next 3 years?
How much money should Ali invest today into a fund that earns interest at 3.25% compounded quarterly, if he wants to receive $7,750 at the end of every 6 months for the next 4 years?
1. A) B) The Mellows have decided to invest in a college fund for their young son. They invested $20,000 in a deferred annuity that will pay their son at the beginning of every month for 4 years, while he goes to college. If the account earns 3.00% compounded monthly and the annuity payments are deferred for 14 years, what will be the size of the monthly payments? Round to the nearest cent Juan purchased an annuity that had an...
How much money should Sophie invest today into a fund that earns interest at 3.25% compounded quarterly, if she wants to receive $5,000 at the end of every 6 months for the next 5 years? (the answer is not 47836.37)
How much must Susie invest today to have $20,000 in 6 years in an account with an interest rate of 10% compounded annually? How much less would she have to invest if the interest compounded monthly?