If you want to have $6,271 at the end of 19 years, how much must you invest now, if the interest rate is 13.9% per year, compounded quarterly?
To calculate the amount of investment that is needed to have $6,271 at the end of 19 years we have to calculate the present value.
Present value= Future value/( 1+ r/k) ^nk
Where r is the interest rate
and k is the compounded times a year
Present value= 6271/(1+ 0.139/4)^19*4
= 467.57
$467.57 must be invested today to have $6,271 at the end of 19 years if the interest rata is 13.9% per year, compounded quarterly.
If you want to have $6,271 at the end of 19 years, how much must you...
How much do you have to invest now if you want to have $1500 after 5 years? You can invest at 4 3/8 % compounded quarterly.
How much money must you invest now at 4.3% interest compounded continuously in order to have $10,000 at the end of 4 years? You must invest $ (Round to the nearest cent as needed.)
Answers must be typewritten. a. Determine how much money (to the nearest dollar),that you must invest today, at 7% per annum,compounded monthly,in order to obtain 1 million dollars in 30 years. b. Determine how long it will take (to the nearest year),for $25,000, invested at an annual rate of interest of 10% and compounded quarterly,to grow to $200,000.
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...
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...
If you want to have $87654 in the bank at the end of 10 years and you get a 3% interest rate per year. How much money do you need to deposit each month if a) monthly compounding? b) semi-annual compounding? a quarterly compounding? d) daily compounding?
a. You are saving for retirement 10 years from now. How much should you invest today so you will have an annuity of $20,000 per year for 20 years starting from the 11" year? b. If you were to invest $10,000 today @6%, how much would you have at the end of 15 years? C. You are planning to save $100,000 for a yacht purchase 5 years from now. If you believe you can earn an 8% rate of return,...
How much must Susie invest today to have $20,000 in 6 years in an account with an interest rate of 10% compounded annually? How much less would she have to invest if the interest compounded monthly?
(Solving for PMT of ordinary annuity) you want to have $50,000 by saving at the end of each of the next 10 years. If the opportunity cost of capital (interest rate) is 10% per year, compounded annually, how much must you save annually? Show Work Please!
If you invest $2,000 at the end of each year for five years and you earn 7% interest compounded annually, how much will you have accumulated at the end of the fifth year?