What is the future worth of the following: At t = 1 you deposit 10,000 At...
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What is the future worth of the following: At t = 1 you deposit
10,000 At...
Problem 1: What will a deposit of $500 at 7% annual interest be worth if left...
Problem 1: What will a deposit of $500 at 7% annual interest be worth if left in the bank for ten years? Problem 2: How much must you deposit at the end of each year in an account that pays an annual interest rate of 20 percent, if at the end of 5 years you want S10,000 in the account? Problem 3: If you invest $2,500 in a bank account that pays 6% interest compounded monthly, how much will you...
Problem 1 Part A: What is the future worth an investment, before taxes, if $10,000 is...
Problem 1 Part A: What is the future worth an investment, before taxes, if $10,000 is placed in a savings account for 10 years, earning a nominal interest rate of 6%year compounded monthly? Part B: How many years will be required for the original principle amount to double in value? For Part B, assume biannual interest compounding is applied with the same nominal interest rate of 6%/year. Part C: What is the shortest time in years to double the original...
8-One year from now, you deposit $300 in a savings account. You deposit $1,800 the next...
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...
Can the work be shown in excel using formulas? You deposit $10,000 in an account that...
Can the work be shown in excel using formulas? You deposit $10,000 in an account that earns 5.5% compounded continuously and your friend deposits $10,000 in an account that earns 5.5% annually. a. How much more will you have in the account in 10 years? b. How much more interest did you earn in the 10 years?
P5-18 Calculating deposit needed You put $10,000 in al 3 years, you make another deposit into...
P5-18 Calculating deposit needed You put $10,000 in al 3 years, you make another deposit into the same account. Four 7 years after your original $10,000 deposit), the account balanc was the amount of the deposit at the end of year 3? t. Four years later th e is $20,000, w Fürure value of an annuity For each case in the accompanying table, answer the Ps-19 questions that follow. Case Annuity payment Interest rate Annuity length (years) 5 2,500 500...
If you deposit $10,000 today in an account that earns 14.5% compounded...
If you deposit $10,000 today in an account that earns 14.5% compounded annually, how much will the account be worth in 45 years? You have the opportunity to purchase an investment that will pay $1,625,000 at the end of 40 years. If your required rate of return on this investment is 13.2%, what is the maximum amount you should be willing to pay for it? Your grandparents deposited a $10,000 birthday check for you when you were...
24. The future value of your savings account at the end of year 6 (T=6) is...
24. The future value of your savings account at the end of year
6 (T=6) is closest to __________:
a. $13,565 b. $17,790 c. $18,121 d. $19,120 e. $20,459
Use the following information about to help answer problems 23-24. TIME 0 2 3 3e? 5 $ 2,200.00 229 $3,279.58 . Next Year (T=1), you will deposit $2,200.00 in a savings account * Over the short term, you will increase the amount you deposit each year by a constant growth rate...
please answer all of the following questions 14. Assume that I will deposit $750 into an...
please answer all of the following questions
14. Assume that I will deposit $750 into an account exactly 10 years from today. How much will be in my account at the end of year 60 (i., 60 years from today), assuming that my account pays interest of 4.5% p.a.? 15. What is the future value at the end of year 15 of $10,000 deposited today into an account that pays interest of 4.5% p.a., but with daily compounding (assume 365...
please?? You have $18,986.64 in a brokerage account, and you plan to deposit an additional $3,000...
please??
You have $18,986.64 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $240,000. You expect to cam 13% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number years
1) You plan to deposit $1,000 every month into an account paying 6% compounded monthly for...
1) You plan to deposit $1,000 every month into an account paying 6% compounded monthly for the next 5 years. How much will you accumulate over this five year period? 2) What is the future value interest factor of an annuity for #1? 3) If you plan to make annual payments instead of the monthly payments indicated in #1 above, how much will you have to deposit annually to have the same sum accumulated in five years as in #1...
Problem 1: What will a deposit of $500 at 7% annual interest be worth if left in the bank for ten years? Problem 2: How much must you deposit at the end of each year in an account that pays an annual interest rate of 20 percent, if at the end of 5 years you want S10,000 in the account? Problem 3: If you invest $2,500 in a bank account that pays 6% interest compounded monthly, how much will you...
Problem 1 Part A: What is the future worth an investment, before taxes, if $10,000 is placed in a savings account for 10 years, earning a nominal interest rate of 6%year compounded monthly? Part B: How many years will be required for the original principle amount to double in value? For Part B, assume biannual interest compounding is applied with the same nominal interest rate of 6%/year. Part C: What is the shortest time in years to double the original...
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...
P5-18 Calculating deposit needed You put $10,000 in al 3 years, you make another deposit into the same account. Four 7 years after your original $10,000 deposit), the account balanc was the amount of the deposit at the end of year 3? t. Four years later th e is $20,000, w Fürure value of an annuity For each case in the accompanying table, answer the Ps-19 questions that follow. Case Annuity payment Interest rate Annuity length (years) 5 2,500 500...
24. The future value of your savings account at the end of year
6 (T=6) is closest to __________:
a. $13,565 b. $17,790 c. $18,121 d. $19,120 e. $20,459
Use the following information about to help answer problems 23-24. TIME 0 2 3 3e? 5 $ 2,200.00 229 $3,279.58 . Next Year (T=1), you will deposit $2,200.00 in a savings account * Over the short term, you will increase the amount you deposit each year by a constant growth rate...
please answer all of the following questions
14. Assume that I will deposit $750 into an account exactly 10 years from today. How much will be in my account at the end of year 60 (i., 60 years from today), assuming that my account pays interest of 4.5% p.a.? 15. What is the future value at the end of year 15 of $10,000 deposited today into an account that pays interest of 4.5% p.a., but with daily compounding (assume 365...
please??
You have $18,986.64 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $240,000. You expect to cam 13% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number years
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