How much FW will be 10 years from now if you deposit $1,000 now and $2,000...
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...
How much would you need to deposit in an account now in order to have $5000 in the account in 5 years? Assume the account earns 3% interest compounded monthly.
9. How much would you need to deposit in an account now in order to have $6,000 in the account in 8 years? Assume the account earns 6% interest compounded monthly. 13. Jose has determined he needs to have $800,000 for retirement in 30 years. His account earns 6% interest. a. How much would he need to deposit in the account each month? b. How much total money will he put into the account? c. How much total interest will...
1. How much would you need to deposit in an account now in order to have $5000 in the account in 15 years? Assume the account earns 5% interest compounded monthly. 2. You currently have $7,700 (Present Value) in an account that has an interest rate of 3% per year compounded quarterly (4 times per year). You want to withdraw all your money when it reaches $18,480 (Future Value). In how many years will you be able to withdraw all...
Problem 1. If you deposit $1,000 every 2 years starting now over 10-year period, how much money will you accumulate if annual interest rate is 10% compounded monthly? Problem 2. How long will it take for money to double at 10% nominal interest rate, compounded continuously? Problem 3. If $100 in year 0 will be worth $110 a year later, and it was worth $90 a year ago compute the interest rate for the past year and the interest...
How much would you have to deposit in years 7 , 8 and 9 to be able to withdraw $1,000 in years 9 and 10 if your bank account earns 6% APR compounded annually? (Hint: bring all the cash-flows back to today and then solve from there)
How much would you need to deposit in an account now in order to have $6000 in the account in 15 years? Assume the account earns 4.7% interest compounded weekly. Preview
How much interest is earned in the third year on a $1,000 deposit that earns 10% interest compounded annually? (2 points) I. 2. If you seek to be a millionaire (savings- $1,000,000) when you retire in 45 years, how much must you deposit at the end of each year if you earn 6% compounded annually? (2 points) rate of interest. The loan will have annual ment will be $10,000. The other three 3. You would like to loan me $100,000...
i. You deposit $5000 in an account earning 5% interest compounded monthly. How much will you have in the account in 5 years? ii. Suppose you want to have $400,000 for retirement in 20 years. Your account earns 8% interest. How much would you need to deposit in the account each month?
ount of money a person must deposit 3 vears from now in order to be able to raw $10.000 per year for 10 years beginning 15 years from now at an interest rate of 11% per year is closest to: s 10,000 P-10,000( P/A. 1 1%,10) (P/F.11%12) a. Ps ?17, P=0,000(%,117,11) b. P-10.000(P/A.11%,10) (P/F.11%11) ns 12 P= 10.0000 PA. I 190. I l ) (PF. I 1%12) d. c. P= 10,000( P/A,11%, I l ) (P/F.11961 1) 8. How much...