Alan Madison needs $244,400 in 10 years. Click here to view factor tables How much must...
Alan Madison needs $244,400 in 10 years.
Click here to view factor tables
How much must he invest at the end of each year, at 5% interest, to
meet his needs? (Round factor values to 5 decimal
places, e.g. 1.25124 and final answers to 0 decimal places, e.g.
458,581.)
Homework Answers
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| Alan Madison | |
| Future Value of Annuity | P*((1+i)^n-1)/i |
| Here P= ? | |
| Future Value of Annuity= | 244,400.00 |
| i= | 5%=0.05 |
| n= | 10.00 |
| 244400= | P*((1+0.05)^10-1)/.05 |
| 244400= | P*((1.05)^10-1)/.05 |
| 244400= | P*(1.62889-1)/.05 |
| 244400= | P*(0.62889)/.05 |
| 244400= | P*12.5778 |
| P= | 244400/12.5778 |
| P= | 19,431.06 |
| So Alan must invest $ 19,431 at the end of each year. |
Add Answer to:
Alan Madison needs $244,400 in 10 years.
Click here to view factor tables
How much must...
Morgan Madison needs $244,400 in 10 years. Click here to view factor tables How much must...
Morgan Madison needs $244,400 in 10 years. Click here to view factor tables How much must he invest at the end of each year, at 5% interest, to meet his needs? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Newman Madison needs $238,900 in 10 years. Click here to view factor tables How much must...
Newman Madison needs $238,900 in 10 years. Click here to view factor tables How much must he invest at the end of each year, at 5% interest, to meet his needs? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Investment amount ta $
Brief Exercise 6-6 Leon Madison needs $357,600 in 10 years. Click here to view factor tables...
Brief Exercise 6-6 Leon Madison needs $357,600 in 10 years. Click here to view factor tables How much must he invest at the end of each year, at 5% interest, to meet his needs? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment amount $
Edward Bautista needs $24,000 in 5 years. Click here to view factor tables What amount must...
Edward Bautista needs $24,000 in 5 years. Click here to view factor tables What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, eg. 458,581.) Investment at 12% annual interest Investment at 12% annual Interest, compounded quarterly
Daniel Bautista needs $21,000 in 6 years. Click here to view factor tables What amount must...
Daniel Bautista needs $21,000 in 6 years. Click here to view factor tables What amount must he invest today if his investment earns 8% compounded annually? What amount must he invest if his investment earns 8% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 8% annual interest $enter a dollar amount rounded to 0 decimal places Investment at 8% annual interest, compounded quarterly $enter...
Brief Exercise 6-2 Steve Bautista needs $28,800 in 4 years. Click here to view factor tables...
Brief Exercise 6-2
Steve Bautista needs $28,800 in 4 years.
Click here to view factor tables
What amount must he invest today if his investment earns 8%
compounded annually? What amount must he invest if his investment
earns 8% annual interest compounded quarterly? (Round
factor values to 5 decimal places, e.g. 1.25124 and final answers
to 0 decimal places, e.g. 458,581.)
Investment at 8% annual interest
$
Investment at 8% annual interest, compounded quarterly
$
Brief Exercise 6-5 Stacy Medavoy will invest $5,500 a year for 19 years in a fund that will earn 10% annual intere...
Brief Exercise 6-5 Stacy Medavoy will invest $5,500 a year for 19 years in a fund that will earn 10% annual interest. Click here to view factor tables If the first payment into the fund occurs today, what amount will be in the fund in 19 years? If the first payment occurs at year-end, what amount will be in the fund in 19 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to decimal places, e.g....
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a...
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest. Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First withdrawal at year-end $ First withdrawal immediately LINK...
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest...
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and Final answers to o decimal places, e.g.458,581.) First withdrawal at year-end First withdrawal immediately LINK TO TEXT
TOUP SHswer is incorrect. Try again. Click here to view factor tables What is the future...
TOUP SHswer is incorrect. Try again. Click here to view factor tables What is the future value of 15 periodic payments of $7,690 each made at the end of each period and compounded at 10% answer to O decimal places, e.g. 458,581.) (Round factor values to decimal places 4 and final The future value 32123.03842 Your answer is incorrect. Try again. Click here to view factor tables What is the present value of $7,690 to be received at the end...
Newman Madison needs $238,900 in 10 years. Click here to view factor tables How much must he invest at the end of each year, at 5% interest, to meet his needs? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Investment amount ta $
Edward Bautista needs $24,000 in 5 years. Click here to view factor tables What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, eg. 458,581.) Investment at 12% annual interest Investment at 12% annual Interest, compounded quarterly
Brief Exercise 6-2
Steve Bautista needs $28,800 in 4 years.
Click here to view factor tables
What amount must he invest today if his investment earns 8%
compounded annually? What amount must he invest if his investment
earns 8% annual interest compounded quarterly? (Round
factor values to 5 decimal places, e.g. 1.25124 and final answers
to 0 decimal places, e.g. 458,581.)
Investment at 8% annual interest
$
Investment at 8% annual interest, compounded quarterly
$
Brief Exercise 6-5 Stacy Medavoy will invest $5,500 a year for 19 years in a fund that will earn 10% annual interest. Click here to view factor tables If the first payment into the fund occurs today, what amount will be in the fund in 19 years? If the first payment occurs at year-end, what amount will be in the fund in 19 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to decimal places, e.g....
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest. Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First withdrawal at year-end $ First withdrawal immediately LINK...
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and Final answers to o decimal places, e.g.458,581.) First withdrawal at year-end First withdrawal immediately LINK TO TEXT
TOUP SHswer is incorrect. Try again. Click here to view factor tables What is the future value of 15 periodic payments of $7,690 each made at the end of each period and compounded at 10% answer to O decimal places, e.g. 458,581.) (Round factor values to decimal places 4 and final The future value 32123.03842 Your answer is incorrect. Try again. Click here to view factor tables What is the present value of $7,690 to be received at the end...
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