You want to accumulate $2,000 in two years by making a deposit of X today and...
You want to accumulate $2,000 in two years by making a deposit of X today and another deposit of X in a year. If the effective rate of interest is 6%. Determine X ?
Homework Answers
Hence, Value of X is $915.92
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You want to accumulate $2,000 in two years by making a deposit
of X today and...
If you wish to accumulate $249,000 in 6 years, how much must you deposit today in...
If you wish to accumulate $249,000 in 6 years, how much must you deposit today in an account that pays a quoted annual interest rate of 13% with quarterly compounding of interest? $119,599.31 $115,568.08 $159,067.09 $105,282.52 $198,534.86
. If you wish to accumulate $197,000 in 5 years, how much must you deposit today...
. If you wish to accumulate $197,000 in 5 years, how much must you deposit today in an account unding of interest?
If you invest $2,000 today, withdraw $1,000 in 3 years, deposit $3,000 in 5 years, deposit...
If you invest $2,000 today, withdraw $1,000 in 3 years, deposit $3,000 in 5 years, deposit $1,500 in 8 years. (a) Draw the cash flow diagram from your perspective. (b) How much will you withdraw if you decide to withdraw the entire sum three years after the final deposit and the interest rate is 7%. Show your calculations to get credit. (c) Find the present worth equivalent using the actual cash flows and interest rate of 7%. Show your calculations...
You plan to make two deposits to your bank account - one deposit today for $X...
You plan to make two deposits to your bank account - one deposit today for $X and one deposit in four years for $3X. You would like to withdraw $20,000 from this bank account in 6 years, and another $10,000 in 12 years. You can earn an effective rate of 5% per year. What is $X? (8 points) You want to have enough money in the bank to pay for your daughter’s education when the time comes. You expect to...
Question 2 If you deposit today $6,756.76 in an account for 6 years and at the...
Question 2 If you deposit today $6,756.76 in an account for 6 years and at the end accumulate $10,000, how much compound interest rate should you earn? 8% 9.4% 6.75% 2.5%
You deposit $65,000 in the bank today. What amount should you deposit in year 8, if...
You deposit $65,000 in the bank today. What amount should you deposit in year 8, if you wish to accumulate $400,000 in year 20 if the interest rate is 6%?
What is the future value of $2,000 in three years if you deposit it today in...
What is the future value of $2,000 in three years if you deposit it today in an account earning 4% per year?
qucau pomus) You want to accumulate $1,000,000 in retirement funds by your 65th birthday. Today is...
qucau pomus) You want to accumulate $1,000,000 in retirement funds by your 65th birthday. Today is your 30th birthday, and you plan on making annual investments into a mutual fund that you project will earn a 9% annual rate of return. Your first deposit will take place! today and your last deposit will take place on your 65th birthday. What is the amount of the annual payment you must make each year in order to have $1,000,000 in your account...
A deposit of X is made at the end of the year for ten years in...
A deposit of X is made at the end of the year for ten years in order to accumulate a fund which will make payments of 100 at end of year forever, where the payments will start at the end of year 11. Find x if the effective interest rate is 6%. Show all work and equations.
Blackboard How much must you deposit, today, in order to accumulate $1,000,000 in 6 years, if...
Blackboard How much must you deposit, today, in order to accumulate $1,000,000 in 6 years, if you earn 8 compounded annually on your investment? Perform your caleulation first using a formula and then using the tables provided Answer to 2 decimals, no commas Problem Statement Using the formula Answer 630109 630200 Using the tables Difference in above two $3038 answers
. If you wish to accumulate $197,000 in 5 years, how much must you deposit today in an account unding of interest?
Question 2 If you deposit today $6,756.76 in an account for 6 years and at the end accumulate $10,000, how much compound interest rate should you earn? 8% 9.4% 6.75% 2.5%
qucau pomus) You want to accumulate $1,000,000 in retirement funds by your 65th birthday. Today is your 30th birthday, and you plan on making annual investments into a mutual fund that you project will earn a 9% annual rate of return. Your first deposit will take place! today and your last deposit will take place on your 65th birthday. What is the amount of the annual payment you must make each year in order to have $1,000,000 in your account...
Blackboard How much must you deposit, today, in order to accumulate $1,000,000 in 6 years, if you earn 8 compounded annually on your investment? Perform your caleulation first using a formula and then using the tables provided Answer to 2 decimals, no commas Problem Statement Using the formula Answer 630109 630200 Using the tables Difference in above two $3038 answers
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