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Question 11 20 pts Sara plans to deposit $1,500 right now into her saving account. The...
You deposit $1,000 at the end of the year (k = 0) into an account that...
You deposit $1,000 at the end of the year (k = 0) into an account that pays interest at a rate of 6% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate, this time the interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate once more to...
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...
11) Keisha has $4300 now and plans on investing it in a fund that will pay...
11) Keisha has $4300 now and plans on investing it in a fund that will pay her 12% interest compounded quarterly. How much will Keisha have accumulated after 2 years? (Use appropriate factor(s) from the tables provided.) A) $5332.00 B) $5447.24 C) $4300.00 D) $5393.92 E) $4816.00 12) Pelcher Company acquires a machine by issuing a note that requires semiannual payments of $5500 for 5 years. The interest rate on the note is 12% compounded semiannually. What is the cost...
Question 8 0/9 pts Leona opens a savings account with an initial deposit of $150. She...
Question 8 0/9 pts Leona opens a savings account with an initial deposit of $150. She then deposits $150 into that savings account at the end of every subsequent month. This savings account pays an annual interest rate of 3.6% and is compounded monthly. How much does Leona have in her account at the end of each of the first 3 years? not ((1+5)* - 1 B(t)= P. (5) Round your answer to the nearest penny. Input the dollar sign...
D vi 11/16/17 (1) An investor deposits $35,000 into an IRA for her retirement in 25...
D vi 11/16/17 (1) An investor deposits $35,000 into an IRA for her retirement in 25 years. The account pays 3.5% interest compounded continuously. She also plans to deposit $1800 each year into the account in a near-continuous manner for the same amount of time. What will be the value of her account after 25 years if she stays true to this plan?
Question 3 1 pts The amount of money that CamCam can spend now for improving productivity...
Question 3 1 pts The amount of money that CamCam can spend now for improving productivity in lieu of spending $10,000 eight years from now at an interest rate of 10% per year is closest to less than 15,000 between 15000-16,500 between 16,500-18,000 higher than 18,000 None of the answers is correct
James has heard that it is important to start saving for retirement at an early age....
James has heard that it is important to start saving for retirement at an early age. He deposits $1000 on each of his birthdays from age 16 through to age 25 inclusive into an account that pays 10% interest compounded annually. How much will be in his account immediately following his 25th birthday? If James leaves this amount in the account for 35 more years, without making any further deposits, how much will be in the account when he turns...
1. Calculate the accumulated value of an ordinary annuity of $4,200 a year for 6 years...
1. Calculate the accumulated value of an ordinary annuity of $4,200 a year for 6 years if the money is worth 71 2 %. 2. Find the future value of the cash flow of $600 a month for 5 years at 9% interest compounded monthly. 3. If Gabe makes a $450 deposit into his savings fund at the end of each quarter for 6 years, how much will he be able to collect at the end of the sixth year...
1. You have $49,061.69 in a brokerage account, and you plan to deposit an additional $5,000...
1. You have $49,061.69 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $200,000. You expect to earn 9.1% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. 2. Present and Future Value of an Uneven Cash Flow Stream An investment will pay $100 at the end of each of the next 3...
Question B1 (7 marks) Suppose Gordon is now aged 50 and plans to start saving for...
Question B1 (7 marks) Suppose Gordon is now aged 50 and plans to start saving for 15 years and will accumulate $1,500,000 at the age of 65 as his retirement fund. Suppose the required return is 9 percent compounded monthly, what will be his monthly payments with the first payment occurring one month from now? Question B2 (8 marks) G-Force stock currently sells for $48.29 per share. The market requires a 13 percent return on the firm’s stock. If the...
You deposit $1,000 at the end of the year (k = 0) into an account that pays interest at a rate of 6% compounded annually. Two years after your deposit, the savings account interest rate changes to 12% nominal interest compounded monthly. Five years after your deposit, the savings account again changes its interest rate, this time the interest rate becomes 8% nominal interest compounded quarterly. Eight years after your deposit, the saving account changes its rate once more to...
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...
Question 8 0/9 pts Leona opens a savings account with an initial deposit of $150. She then deposits $150 into that savings account at the end of every subsequent month. This savings account pays an annual interest rate of 3.6% and is compounded monthly. How much does Leona have in her account at the end of each of the first 3 years? not ((1+5)* - 1 B(t)= P. (5) Round your answer to the nearest penny. Input the dollar sign...
D vi 11/16/17 (1) An investor deposits $35,000 into an IRA for her retirement in 25 years. The account pays 3.5% interest compounded continuously. She also plans to deposit $1800 each year into the account in a near-continuous manner for the same amount of time. What will be the value of her account after 25 years if she stays true to this plan?
Question 3 1 pts The amount of money that CamCam can spend now for improving productivity in lieu of spending $10,000 eight years from now at an interest rate of 10% per year is closest to less than 15,000 between 15000-16,500 between 16,500-18,000 higher than 18,000 None of the answers is correct
James has heard that it is important to start saving for retirement at an early age. He deposits $1000 on each of his birthdays from age 16 through to age 25 inclusive into an account that pays 10% interest compounded annually. How much will be in his account immediately following his 25th birthday? If James leaves this amount in the account for 35 more years, without making any further deposits, how much will be in the account when he turns...
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