Financial math
What deposit made at the beginning of each month will accumulate to € 120.000 at 8% compounded semi- annually at the end of 10 years? (Answer: € 656,40 )
Homework Answers
Request Answer!
We need at least 9 more requests to produce the answer.
1 / 10 have requested this problem solution
The more requests, the faster the answer.
1. You would like to save $70 000 in 10 years. To accumulate this amount, you...
1. You would like to save $70 000 in 10 years. To accumulate this amount, you plan to make a regular deposit with an equal amount of cash into a saving account at the end of each year. This account will earn 6% p.a interest compounded annually. Your first payment will be made at the end of this year. a. How much must you deposit annually to accumulate this amount in 10 years? b. If you decide to make a...
How much interest is earned in an account by the end of 5 years if $30,000...
How much interest is earned in an account by the end of 5 years if $30,000 is deposited and interest is 4% per year, compounded semi-annually? What is the balance in an account at the end of 10 years if $6,500 is deposited today and the account earns 3% interest compounded annually? If you wish to accumulate $50,000 in 10 years, how much must you deposit today in an account that pays annual interest rate of 8%, with semi-annual compounding...
1. You won $100 000 in a lottery and you want to set some of that...
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
2. How much interest is earned in an account by the end of 8 years...
2. How much interest is earned in an account by the end of 8 years if $24,000 is deposited at the beginning of year 1 and interest is 4.4% per year, compounded semi-annually? 3. If you wish to accumulate $53,000 in 7 years, how much must you deposit today in an account that pays annual interest rate of 8%, with quarterly compounding of interest? 4. If you deposit $9,000 at the end of each year for 9...
Annuity
1. A car can be purchased by paying $27 000 now or can be leased by paying $725 per month for the next four years, with the first payment due on the day of signing lease. What nominal rate of interest is charged on the lease?Answer: 4. Raj contributes $150 at the beginning of each month into an RRSP paying interest at 5.5% compounded semi-annually. What will be the accumulated balance in the RRSP at the end of 20 years?5. Dana and...
Jean receives annuity payments at the end of every six months. If she deposits these payments...
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
What monthly deposit must be made in order to accumulate 82,228 dollars in 12 years if...
What monthly deposit must be made in order to accumulate 82,228 dollars in 12 years if a fund pays 8% per year, compounded monthly? Assume that deposits are made at the end of each month.
compare with 2-7 What future amount of money will be accumulated 10 years from now by...
compare with 2-7 What future amount of money will be accumulated 10 years from now by investing $1,000 now plus $2,000 five years from now at 6% interest compounded semi-annually? 2-8 What is the present value of $500 payments to be made at the end of each six-month period for the next 10 years if interest is 8% com- pounded semi-annually?
4. Maria and John decide to save for retirement with an annuity. Answer each of the following questions separately,...
4. Maria and John decide to save for retirement with an annuity. Answer each of the following questions separately, showing all your work to reach each answer. А. Maria has found an annuity that pays 1.5% compounded monthly. If they made a deposit of $200 each month, what would be the total value of this annuity at the end of 30 years if interest rate remains the same? b. how much interest will they have earned? B. John has found...
Sandy Beach wants to have $201,174.75 in six years. Sandy intends to accumulate that amount by ma...
Sandy Beach wants to have $201,174.75 in six years. Sandy intends to accumulate that amount by making equal semi-annual cash deposits at the beginning of every six months for six years into a bank accou nt that pays 12% interest compounded semi-annually. Calculate the amount of each semi-annual deposit. You will need to use the time value of money table factor s posted in carmen to answer this question. To access these factors, click modules and then scroll to week...
1. You would like to save $70 000 in 10 years. To accumulate this amount, you plan to make a regular deposit with an equal amount of cash into a saving account at the end of each year. This account will earn 6% p.a interest compounded annually. Your first payment will be made at the end of this year. a. How much must you deposit annually to accumulate this amount in 10 years? b. If you decide to make a...
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
compare with 2-7 What future amount of money will be accumulated 10 years from now by investing $1,000 now plus $2,000 five years from now at 6% interest compounded semi-annually? 2-8 What is the present value of $500 payments to be made at the end of each six-month period for the next 10 years if interest is 8% com- pounded semi-annually?
4. Maria and John decide to save for retirement with an annuity. Answer each of the following questions separately, showing all your work to reach each answer. А. Maria has found an annuity that pays 1.5% compounded monthly. If they made a deposit of $200 each month, what would be the total value of this annuity at the end of 30 years if interest rate remains the same? b. how much interest will they have earned? B. John has found...
Sandy Beach wants to have $201,174.75 in six years. Sandy intends to accumulate that amount by making equal semi-annual cash deposits at the beginning of every six months for six years into a bank accou nt that pays 12% interest compounded semi-annually. Calculate the amount of each semi-annual deposit. You will need to use the time value of money table factor s posted in carmen to answer this question. To access these factors, click modules and then scroll to week...
Most questions answered within 3 hours.
-
Problem 2: The Problem of Social Cost. A Rancher and Farmer live
side-by-side to each other....
asked 58 minutes ago -
a uniform bar of weight 40N is 4 meter long. weights
on 60N and 100N are...
asked 27 minutes ago -
Define Diet counceling? What are the
responsibilities of a counselor?
asked 2 hours ago -
Hey im just confused about how to put the ' A angle n' and ' S...
asked 2 hours ago -
A short essay about the WSJ article on Oreo versus Hydrox.
asked 2 hours ago -
##8. A program contains the following function definition:
##def cube(num):
##return num * num * num...
asked 2 hours ago -
find the value z of a standard Normal variable that satisfies
each of the given conditions....
asked 3 hours ago -
"banana".find('z')
Out[22]: -1
why is this -1
python 3.7
asked 2 hours ago -
Ilegal Consideration Marna Balin was involved in two automobile
accidents in which she suffered severe injures.She...
asked 2 hours ago -
Walk through the operation of QuickSort when n = 7 and the input
array is A...
asked 2 hours ago -
Answer with True or False. Argue the answers
7) The circulation of field B on any...
asked 2 hours ago -
Chase Co. uses the perpetual inventory method. The inventory
records for Chase reflected the following
Jan...
asked 2 hours ago