How much must we invest at the end of each month to build a balance of...
How much must we invest at the end of each month to build a balance of $610,000 over 14 years if we earn 9% per annum? (Round to nearest penny and enter, for example, as 123456.78) (Can you please also show how to work it out on financial calculator BA II plus if possible)
Homework Answers
Calculate for PMT, punch in:-
I/Y =9%/12 =0.75%
N =14*12 =168
FV =610000
The answer will be 1823.52
Add Answer to:
How much must we invest at the end of each month to build a
balance of...
How much must you invest each month in a mutual fund yielding 12.6% compounded monthly to...
How much must you invest each month in a mutual fund yielding 12.6% compounded monthly to become a millionaire in 10 years? (Round your answer to the nearest cent.) $
If you invest $1,000 every month and earn 12% APR compounded monthly, how many deposits must...
If you invest $1,000 every month and earn 12% APR compounded monthly, how many deposits must you make before you can start withdrawing $1,000 every month forever...assuming you live that long? Please answer using a financial calculator.
How much must you invest today in order to receive $10,000 at the end of each...
How much must you invest today in order to receive $10,000 at the end of each year for the next 8 years assuming you can earn 5 percent​ interest?
How much must you invest today in order to receive $10,000 at the end of each...
How much must you invest today in order to receive $10,000 at the end of each year for the next 8 years assuming you can earn 5 percent​ interest?
How much must you invest today in order to receive $10,000 at the end of each...
How much must you invest today in order to receive $10,000 at the end of each year for the next 8 years assuming you can earn 5 percent interest? Please use the table provided under the EC Time Value of Money Module otherwise you may be marked wrong due to rounding.
Assume you plan to retire in 35 years. If you invest $180.00 per month in the...
Assume you plan to retire in 35 years. If you invest $180.00 per month in the broad U.S. equity market and earn annual returns of 9.5% over that period, how much money will you have accumulated on the day you plan to retire? Note: Enter your answer rounded to the nearest dollar. For example, if your calculated accumulated amount is $225,784.63 enter it as: 225,785 or 225785.
How much should you invest each month in order to have $300,000 if your rate of...
How much should you invest each month in order to have $300,000 if your rate of return is 7% compounded monthly and you want to achieve your goal in 40 years? $ How much interest will you earn? $ How much should you invest each month in order to have $300,000 if you want to achieve your goal in 20 years? $ If you deposit the amount you need to achieve your goal in 20 years, how much will your...
How much must you invest today in order to receive $10,000 at the end of each year for the next 8 years assuming you ca...
How much must you invest today in order to receive $10,000 at the end of each year for the next 8 years assuming you can earn 5 percent interest? Question 3 0.13 pts You invest $ 2,000 at the end of each year for the next 3 years. Calculate the value of the investment at the end of 3 years assuming you earn 6% interest.
How much must you invest today in order to receive $10,000 at the end of each year for the next 8 years assuming you ca...
How much must you invest today in order to receive $10,000 at the end of each year for the next 8 years assuming you can earn 5 percent interest? Question 3 0.13 pts You invest $ 2,000 at the end of each year for the next 3 years. Calculate the value of the investment at the end of 3 years assuming you earn 6% interest.
How much must be deposited at the end of each month for 9.5 years to accumulate...
How much must be deposited at the end of each month for 9.5 years to accumulate to $3678.00 at 5% compounded monthly? The required deposit is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
How much must you invest today in order to receive $10,000 at the end of each year for the next 8 years assuming you can earn 5 percent interest? Please use the table provided under the EC Time Value of Money Module otherwise you may be marked wrong due to rounding.
How much must you invest today in order to receive $10,000 at the end of each year for the next 8 years assuming you can earn 5 percent interest? Question 3 0.13 pts You invest $ 2,000 at the end of each year for the next 3 years. Calculate the value of the investment at the end of 3 years assuming you earn 6% interest.
How much must you invest today in order to receive $10,000 at the end of each year for the next 8 years assuming you can earn 5 percent interest? Question 3 0.13 pts You invest $ 2,000 at the end of each year for the next 3 years. Calculate the value of the investment at the end of 3 years assuming you earn 6% interest.
How much must be deposited at the end of each month for 9.5 years to accumulate to $3678.00 at 5% compounded monthly? The required deposit is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Most questions answered within 3 hours.
-
The Department of Transportation (DOT) would like to test the
hypothesis that the average age of...
asked 6 minutes ago -
Suppose Hoosiers, a specialty clothing store, rents space at a
local mall for one year, paying...
asked 8 minutes ago -
2. Your client from number 1 above is absolutely ecstatic about
the verdict in the immunization...
asked 4 minutes ago -
Some
critics of marketing have suggested that market segmentation and
target marketing lead to an unnecessary...
asked 8 minutes ago -
PART A: An electric current flows through a resistor. Which side
will have the higher electric...
asked 12 minutes ago -
An ideal heat engine has an efficiency of 18.9 percent. It
operates between two heat reservoirs...
asked 12 minutes ago -
3.11 (Modified Account Class) Modify class Account (Fig. 3.8 )
to
provide a method called withdraw...
asked 32 minutes ago -
What will be the resulting list after the following algorithm
has been applied to the list:...
asked 24 minutes ago -
For the following reaction, 5.24 grams of
iron are mixed with excess hydrochloric
acid. The reaction...
asked 28 minutes ago -
12.56 The SN2 reaction can occur intramolecularly (within the
same mol- ecule). What product would you...
asked 40 minutes ago -
If a company repurchases​ shares, then the proportionate
shareholdings of shareholders who do NOT participate
A....
asked 41 minutes ago -
1. For your column to work properly, it is very important that
you do not put...
asked 40 minutes ago