Future Value. Sandra wants to deposit $100 each year for her son. If she places it...
Future Value. Sandra wants to deposit $100 each year for her son. If she places it in an investment account that averages a 33% annual return, what amount will be in the account in
18 years?
How much will she have if the account earns 11% a year?
If she places it in a savings account that pays 3 percent, the amount that will be in the account in 18 years is ? (Round to the nearest cent.)
If she places it in a savings account that pays 11 percent, the amount that will be in the account i18 years is ?$
Homework Answers
Add Answer to:
Future Value. Sandra wants to deposit $100 each year for her
son. If she places it...
Future Value. Sandra wants to depost 70 h year for her son she placen her deposits...
Future Value. Sandra wants to depost 70 h year for her son she placen her deposits in asavings account that peys 4% per year, what amourt wi be in the account in 22 year she places in a savings acoourt that payn 4 percent, the amount that wil be in the account in 22 years is Round to the nearest cent) Use your fnancel caloulator or you may use the Finencial Tables in Acpendix Cin computing your anwer
Sandra Chan, 22, has just moved to Winnipeg to begin her first professional job. She is concerned about her finances and, specifically, wants to save for a “rainy day” and a new car purchase in two years. In order to finance her move, Sandra had put aside
Sandra Chan, 22, has just moved to Winnipeg to begin her first professional job. She is concerned about her finances and, specifically, wants to save for a “rainy day” and a new car purchase in two years. In order to finance her move, Sandra had put aside some money. Now that her move is finished, Sandra has $1000 remaining in her chequing account at the bank. Sandra is unsure if she should put this money aside in a “rainy day”...
Scenario : Mrs. Martin wants to set aside money for her daughter’s future college education. She...
Scenario : Mrs. Martin wants to set aside money for her daughter’s future college education. She will deposit money into an education-specific savings account (529 Plan) that she expects to pay 8% per year, compounded annually. Mrs. Martin plans to deposit $1,000 one year from now, $1,500 two years from now, $2,000 three years from now, and this pattern will continue for a total of 18 years (and 18 deposits). This is an example of a linear gradient where A...
A woman who has just won $45,000 in a lottery wants to deposit enough of her...
A woman who has just won $45,000 in a lottery wants to deposit enough of her winnings into savings accounts so that she will have $10,000 for her son's college education. Assume that her son just turned 3 years old and will begin college when he is 18 years of age. How much must the woman deposit to earn 7% per year compounded quarterly on her investment?
Using a financial calculator or spreadsheet, calculate the following: a. The future value of a deposit...
Using a financial calculator or spreadsheet, calculate the following: a. The future value of a deposit of $380 left in an account paying 8% annual interest for 15 years. b. The future value at the end of 9 years of an annual end-of-year deposit of $500 into an account paying 11% annual interest a. The future value, FV, on a deposit of $380 left in an account paying 8% annual interest for 15 years is $ 1205.42. (Round to the...
Brenda plans to reduce her spending by $90 a month. Calculate the future value of this...
Brenda plans to reduce her spending by $90 a month. Calculate the future value of this increase in savings over the next 18 years. (Assume an annual deposit to her savings account, and an annual interest rate of 8 percent.) Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value
Sophie wants to deposit $440 at the end of each month into an investment account. At...
Sophie wants to deposit $440 at the end of each month into an investment account. At the end of 5 years she wants to stop depositing and start withdrawing an equal amount at the end of each month for the next 4 years. The investment earns 6.0% compounded monthly. a. How much did Sophie have accumulated in five years? Round to the nearest cent E Activate Window SAVE PROGRESS SUBMIT ASS a. How much did Sophie have accumulated in five...
(Related to Checkpoint 5.2) (Future value) If you deposit $3,500 today into an account earning an...
(Related to Checkpoint 5.2) (Future value) If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 35 years (assuming no further deposits)? In 40 years? a. If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 35 years? $ (Round to the nearest cent.)
Help You are a financial adviser working with a client who wants to retire in eight...
Help You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local bank chat pays 9% annual interest. The client wants to deposit an amount that will provide her with $1,004,500 when she retires. Currently she has $301,800 in the account. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) How much additional money...
A civil engineer planning for her retirement places 12% of her salary each year into a...
A civil engineer planning for her retirement places 12% of her salary each year into a high-technology stock fund. If her salary this year (end of year 1) is $180,000 and she expects her salary to increase by 4% each year, what will be the future worth of her retirement fund after 18 years provided it earns 11% per year? The future worth of her retirement fund will be $ .
Future Value. Sandra wants to depost 70 h year for her son she placen her deposits in asavings account that peys 4% per year, what amourt wi be in the account in 22 year she places in a savings acoourt that payn 4 percent, the amount that wil be in the account in 22 years is Round to the nearest cent) Use your fnancel caloulator or you may use the Finencial Tables in Acpendix Cin computing your anwer
A woman who has just won $45,000 in a lottery wants to deposit enough of her winnings into savings accounts so that she will have $10,000 for her son's college education. Assume that her son just turned 3 years old and will begin college when he is 18 years of age. How much must the woman deposit to earn 7% per year compounded quarterly on her investment?
Using a financial calculator or spreadsheet, calculate the following: a. The future value of a deposit of $380 left in an account paying 8% annual interest for 15 years. b. The future value at the end of 9 years of an annual end-of-year deposit of $500 into an account paying 11% annual interest a. The future value, FV, on a deposit of $380 left in an account paying 8% annual interest for 15 years is $ 1205.42. (Round to the...
Brenda plans to reduce her spending by $90 a month. Calculate the future value of this increase in savings over the next 18 years. (Assume an annual deposit to her savings account, and an annual interest rate of 8 percent.) Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value
Sophie wants to deposit $440 at the end of each month into an investment account. At the end of 5 years she wants to stop depositing and start withdrawing an equal amount at the end of each month for the next 4 years. The investment earns 6.0% compounded monthly. a. How much did Sophie have accumulated in five years? Round to the nearest cent E Activate Window SAVE PROGRESS SUBMIT ASS a. How much did Sophie have accumulated in five...
(Related to Checkpoint 5.2) (Future value) If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 35 years (assuming no further deposits)? In 40 years? a. If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 35 years? $ (Round to the nearest cent.)
Help You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local bank chat pays 9% annual interest. The client wants to deposit an amount that will provide her with $1,004,500 when she retires. Currently she has $301,800 in the account. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) How much additional money...
Most questions answered within 3 hours.
-
Which of these four researchers is most likely to have made Type
1 error
Kim who...
asked 3 minutes ago -
Create ER Model
Assets are resources that are used in CMS to display content.
Each asset...
asked 2 minutes ago -
In a performance test, each of two cars takes 8.9 s to
accelerate from rest to...
asked 4 minutes ago -
Sapphire Aerospace operates 52 weeks per year, and its cost of
goods sold last year was...
asked 7 minutes ago -
A. Suppose your manager indicates that for a normally
distributed data set you are analyzing, your...
asked 8 minutes ago -
For each the following molecules draw the best possible
structure based on formal charges for each...
asked 8 minutes ago -
A proton moves in the plane of this paper toward the top of the
page. A...
asked 18 minutes ago -
different divisions differing lines of business use
different costs of capital because their cost of equity...
asked 14 minutes ago -
Give an algorithm to determine whether or not the elements
of
an array of integers are...
asked 21 minutes ago -
. Gravimetric analysis. The gravimetric analysis that we will
perform in lab occurs according to the...
asked 40 minutes ago -
Learning curve problem:
A company was ordered to make 6 custom made parts. the labor
costs...
asked 37 minutes ago -
When you don’t recall operator precedences you can Guess
Experiment with the compiler Look in a...
asked 40 minutes ago