Homework Answers
Answer is $50,000
Comment -
Since $5000 is invested for 10 years, total amount invested will be $50,000 (5000 * 10). Here any interest rate is not given so total amount invested can be withdrawn after 10 years. So, you can withdraw $50,000 after 10 years from bank.
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words D Question 10 5pts You invest in a bank every year $5,000 every year. How...
I. You are planning to invest $5,000 in a bank which offers you 6% interest P.A....
I. You are planning to invest $5,000 in a bank which offers you 6% interest P.A. a. Calculate effective annual interest rate(EAR) of this 10-year deposit if interest is compounding on monthly basis. b. How much will be there in your bank account after 10 years, if interest compounding monthly? C. If interest compounding weekly how much more in your account after 10 years? backspace num lock
Help with finance You've decided to invest $1200 today in a local bank that is advertising...
Help with finance
You've decided to invest $1200 today in a local bank that is advertising a savings rate of 8% APR- guaranteed for 5 years. After 5 years, you plan to pull all of the money out of the bank, and invest with your Uncle Bob, who says he'll pay you an interest rate of 6% APR for each of the next 7 years. After that, you plan to withdraw all of your money from Uncle Bob, and simply...
You decide to deposit $50 in the bank today and to make 10 additional deposits every...
You decide to deposit $50 in the bank today and to make 10
additional deposits every 6 months beginning 6 months from now, the
first of which will be $50 and increasing $10 per deposit after
that. A few minutes after making the last deposit, you decide to
withdraw the all the money deposited. If the bank pays 8% nominal
interest compounded semiannually, how much money will you
receive?
You decide to deposit $50 in the bank today and to...
Suppose that you invest $400 in a bank account that has APR of 6% and it...
Suppose that you invest $400 in a bank account that has APR of 6% and it is compounded monthly (12 times a year) If we use the formula F=P*(1 + r), What is the value for "r"? Round all money answers to the nearest cent. If you invest $400 in this account, how much money will you have after 1 month? How much money will you have in your account after 1 year? What is the amount of interest we...
Question 8 8 pts Your initial investment in a bank is $22,000. Every year you withdraw...
Question 8 8 pts Your initial investment in a bank is $22,000. Every year you withdraw 2A amount from the bank. At end of 10 years you exhaust out your investment in the bank. What is the value of A? interest rate = 6%. (Select A, B, C, D or E) A. 1360 B. 1495 C. 1100D. 1248. E. Information missing
Question 1 Each year, you invest 100 in a saving account that earn 10%/year. How much...
Question 1 Each year, you invest 100 in a saving account that earn 10%/year. How much will you have at the end of 20 years? Question 2 Today you deposit 1500 in a savings account that earns 5%/year. How much will you have after 20 years? Question 3 What is the present value of 20000 to be received 20 years from today if interest rate is 5.5%/year
How much do you need to invest in equal annual amounts for the next 10 years...
How much do you need to invest in equal annual amounts for the next 10 years (year 1 thru 10) if you want to withdraw $5,000 at the end of the eleventh year and increase the annual withdrawal by $1,000 each year thereafter until year 25 (your last withdrawal is year 25)? The interest rate is 12%, compounded monthly.
Question 1 1 pts You invest 1267 each year at the beginning of the year for...
Question 1 1 pts You invest 1267 each year at the beginning of the year for 7 years at a rate of 4%. How much can you withdraw in year 7?
You will save $5,000 per year for the next 30 years. You will earn 9% on...
You will save $5,000 per year for the next 30 years. You will earn 9% on your savings. At the end of 30 years, you will retire, and you expect to live for 40 years after that. How much can you withdraw every year for 40 years and not run out of money? Round your answer to the nearest whole number, for example 400.
5. You have some savings you’d like to invest. You can invest it in a bank...
5. You have some savings you’d like to invest. You can invest it in a bank account paying fixed 5% compounded monthly. Your plan is to leave the principal but take out the interest at the end of every year to help cover expenses. If you wanted to be sure that your savings invested at the bank allowed you to take out $5,000 per year for as long as you wanted to, how much savings would you have to have?
I. You are planning to invest $5,000 in a bank which offers you 6% interest P.A. a. Calculate effective annual interest rate(EAR) of this 10-year deposit if interest is compounding on monthly basis. b. How much will be there in your bank account after 10 years, if interest compounding monthly? C. If interest compounding weekly how much more in your account after 10 years? backspace num lock
Help with finance
You've decided to invest $1200 today in a local bank that is advertising a savings rate of 8% APR- guaranteed for 5 years. After 5 years, you plan to pull all of the money out of the bank, and invest with your Uncle Bob, who says he'll pay you an interest rate of 6% APR for each of the next 7 years. After that, you plan to withdraw all of your money from Uncle Bob, and simply...
You decide to deposit $50 in the bank today and to make 10
additional deposits every 6 months beginning 6 months from now, the
first of which will be $50 and increasing $10 per deposit after
that. A few minutes after making the last deposit, you decide to
withdraw the all the money deposited. If the bank pays 8% nominal
interest compounded semiannually, how much money will you
receive?
You decide to deposit $50 in the bank today and to...
Suppose that you invest $400 in a bank account that has APR of 6% and it is compounded monthly (12 times a year) If we use the formula F=P*(1 + r), What is the value for "r"? Round all money answers to the nearest cent. If you invest $400 in this account, how much money will you have after 1 month? How much money will you have in your account after 1 year? What is the amount of interest we...
Question 8 8 pts Your initial investment in a bank is $22,000. Every year you withdraw 2A amount from the bank. At end of 10 years you exhaust out your investment in the bank. What is the value of A? interest rate = 6%. (Select A, B, C, D or E) A. 1360 B. 1495 C. 1100D. 1248. E. Information missing
Question 1 Each year, you invest 100 in a saving account that earn 10%/year. How much will you have at the end of 20 years? Question 2 Today you deposit 1500 in a savings account that earns 5%/year. How much will you have after 20 years? Question 3 What is the present value of 20000 to be received 20 years from today if interest rate is 5.5%/year
How much do you need to invest in equal annual amounts for the next 10 years (year 1 thru 10) if you want to withdraw $5,000 at the end of the eleventh year and increase the annual withdrawal by $1,000 each year thereafter until year 25 (your last withdrawal is year 25)? The interest rate is 12%, compounded monthly.
Question 1 1 pts You invest 1267 each year at the beginning of the year for 7 years at a rate of 4%. How much can you withdraw in year 7?
You will save $5,000 per year for the next 30 years. You will earn 9% on your savings. At the end of 30 years, you will retire, and you expect to live for 40 years after that. How much can you withdraw every year for 40 years and not run out of money? Round your answer to the nearest whole number, for example 400.
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