You plan to save $5,700 per year for the next 10 years. After the last deposit,...
You plan to save $5,700 per year for the next 10 years. After the last deposit, you will keep the money in the account for 4 more years. The account will earn an interest rate of 6 percent. How much will there be in the account 14 years from today?
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You plan to save $5,700 per year for the next 10 years. After
the last deposit,...
You plan to save $7,300 per year for the next 11 years. After the last deposit,...
You plan to save $7,300 per year for the next 11 years. After the last deposit, you will keep the money in the account for 3 more years. The account will earn an interest rate of 7.6 percent. How much will there be in the account 14 years from today?
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...
You plan to save $240 per month starting today for the next 33 years "just to...
You plan to save $240 per month starting today for the next 33 years "just to start the month off right." You feel that you can earn an interest rate of 10 percent compounded monthly. How much will there be in the account 33 years from today? Multiple Choice O $747618.00 O $690,761.90 $741.439.34 5640,084.45 $704.092.89
How much money you will save if you deposit $1000 per year for 10 years into...
How much money you will save if you deposit $1000 per year for
10 years into an interest-bearing account earning 5% per
year?
QUESTION 5 How much money you will save if you deposit $1000 per year for 10 years into an interest-bearing account earning 5% per year? a. $9,568 b. $12.578 C. $11,578 d. $10.900 10 points Save Answer
You deposit $11,000 annually into a life insurance fund for the next 10 years, after which time you plan to retire...
You deposit $11,000 annually into a life insurance fund for the next 10 years, after which time you plan to retire. a. If the deposits are made at the beginning of the year and earn an interest rate of 7 percent, what will be the amount in the retirement fund at the end of year 10? b. Instead of a lump sum, you wish to receive annuities for the next 20 years (years 11 through 30). What is the constant...
To fund your dream around-the-world vacation, you plan to save $1,250 per year for the next...
To fund your dream around-the-world vacation, you plan to save $1,250 per year for the next 12 years starting one year from now. If you can earn an interest rate of 5.71 percent, how much will you have saved for your vacation? Multiple Choice o $18,431.38 o $20,018.86 o $19,832.35 o О $20,73382 $20,733.82 o $19,582.60 The value of the following cash flows four years from today is $8,487.54. The interest rate is 5.6 percent. What is the value of...
10. You plan to save $3,400 per year for the next three years, beginning now, to...
10. You plan to save $3,400 per year for the next three years, beginning now, to pay for a vacation. If you can invest it at 7 percent, how much will you have at the end of three years? A) $8,599 B) $7,944 C) $9,336 D) $11,696 11. Ray has $5,000 to invest in a small business venture. His partner has promised to pay him back $8,200 in five years. What is the return earned on this investment? A) 9.3%...
A bank account pays 1.5% per year with annual compounding. You plan to deposit $25,000 per...
A bank account pays 1.5% per year with annual compounding. You plan to deposit $25,000 per year for each of the next 5 years. If the first payment occurs 1 year from today, how much money will be in the account 5 years from now, immediately following your last deposit? The answer is $128,806.67 - I just don't know how to get it.
HELP In order to save for your child's college education, you've decided to begin depositing money...
HELP
In order to save for your child's college education, you've decided to begin depositing money into the local bank which is advertising a savings rate of 6% APR. This morning you opened the savings account with a deposit of $1000. $1000 into the account one year from today. You plan to deposit another After the second deposit, you'll make no additional deposits for a few years, but then, 5 years from today, you'll resume making annual deposits. More specifically,...
You are planning for your pension plan that you will start to invest money, deposit first...
You are planning for your pension plan that you will start to
invest money, deposit first saving a year from today, deposit last
at 20, and get retired after 20 years. You desire to take an
immediate trip, costing approximately 15000 TL.(t=20) when you
retire, and expect to live 25 more years, for which you need
12000TL each year, starting from one year from retirement. Your
savings will be equal and on annual basis. Savings will earn 10%
annually. a)...
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...
You plan to save $240 per month starting today for the next 33 years "just to start the month off right." You feel that you can earn an interest rate of 10 percent compounded monthly. How much will there be in the account 33 years from today? Multiple Choice O $747618.00 O $690,761.90 $741.439.34 5640,084.45 $704.092.89
How much money you will save if you deposit $1000 per year for
10 years into an interest-bearing account earning 5% per
year?
QUESTION 5 How much money you will save if you deposit $1000 per year for 10 years into an interest-bearing account earning 5% per year? a. $9,568 b. $12.578 C. $11,578 d. $10.900 10 points Save Answer
You deposit $11,000 annually into a life insurance fund for the next 10 years, after which time you plan to retire. a. If the deposits are made at the beginning of the year and earn an interest rate of 7 percent, what will be the amount in the retirement fund at the end of year 10? b. Instead of a lump sum, you wish to receive annuities for the next 20 years (years 11 through 30). What is the constant...
To fund your dream around-the-world vacation, you plan to save $1,250 per year for the next 12 years starting one year from now. If you can earn an interest rate of 5.71 percent, how much will you have saved for your vacation? Multiple Choice o $18,431.38 o $20,018.86 o $19,832.35 o О $20,73382 $20,733.82 o $19,582.60 The value of the following cash flows four years from today is $8,487.54. The interest rate is 5.6 percent. What is the value of...
10. You plan to save $3,400 per year for the next three years, beginning now, to pay for a vacation. If you can invest it at 7 percent, how much will you have at the end of three years? A) $8,599 B) $7,944 C) $9,336 D) $11,696 11. Ray has $5,000 to invest in a small business venture. His partner has promised to pay him back $8,200 in five years. What is the return earned on this investment? A) 9.3%...
HELP
In order to save for your child's college education, you've decided to begin depositing money into the local bank which is advertising a savings rate of 6% APR. This morning you opened the savings account with a deposit of $1000. $1000 into the account one year from today. You plan to deposit another After the second deposit, you'll make no additional deposits for a few years, but then, 5 years from today, you'll resume making annual deposits. More specifically,...
You are planning for your pension plan that you will start to
invest money, deposit first saving a year from today, deposit last
at 20, and get retired after 20 years. You desire to take an
immediate trip, costing approximately 15000 TL.(t=20) when you
retire, and expect to live 25 more years, for which you need
12000TL each year, starting from one year from retirement. Your
savings will be equal and on annual basis. Savings will earn 10%
annually. a)...
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