how much will be in an account 4 years from now
Homework Answers
Add Answer to:
how much will be in an account 4 years from now -10 15 i- 151o 5-1016...
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 ac...
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...
4. How much must you deposit each year into your retirement account starting now and continuing...
4. How much must you deposit each year into your retirement account starting now and continuing through year 8 if you want to be able to withdraw $50,000 per year forever, beginning 29 years from now? Assume the account earns interest at 13% per year.
9. How much would you need to deposit in an account now in order to have...
9. How much would you need to deposit in an account now in order to have $6,000 in the account in 8 years? Assume the account earns 6% interest compounded monthly. 13. Jose has determined he needs to have $800,000 for retirement in 30 years. His account earns 6% interest. a. How much would he need to deposit in the account each month? b. How much total money will he put into the account? c. How much total interest will...
a. You are saving for retirement 10 years from now. How much should you invest today...
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 interest is earned in an account by the end of 5 years if $30,000...
How much interest is earned in an account by the end of 5 years if $30,000 is deposited and interest is 4% per year, compounded semi-annually? What is the balance in an account at the end of 10 years if $6,500 is deposited today and the account earns 3% interest compounded annually? If you wish to accumulate $50,000 in 10 years, how much must you deposit today in an account that pays annual interest rate of 8%, with semi-annual compounding...
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...
How much must you deposit each year into your retirement account starting now and continuing through...
How much must you deposit each year into your retirement account starting now and continuing through year 10 if you want to be able to withdraw $75,000 per year forever beginning 30 years from now? Assume the account earns interest at 15% per year.
2. How much interest is earned in an account by the end of 8 years...
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...
How much must you deposit each year into your retirement account starting now and continuing through...
How much must you deposit each year into your retirement account starting now and continuing through year 14 if you want to be able to withdraw $90,000 per year forever, beginning 28 years from now? Assume the account earns interest at 15% per year. The amount to be deposited is determined to be $ ____?
How much must you deposit each year into your retirement account starting now and continuing through...
How much must you deposit each year into your retirement account starting now and continuing through year 9 if you want to be able to withdraw $85,000 per year forever, beginning 26 years from now? Assume the account earns interest at 8% per year. The amount to be deposited is determined to be $
4. How much must you deposit each year into your retirement account starting now and continuing through year 8 if you want to be able to withdraw $50,000 per year forever, beginning 29 years from now? Assume the account earns interest at 13% per year.
9. How much would you need to deposit in an account now in order to have $6,000 in the account in 8 years? Assume the account earns 6% interest compounded monthly. 13. Jose has determined he needs to have $800,000 for retirement in 30 years. His account earns 6% interest. a. How much would he need to deposit in the account each month? b. How much total money will he put into the account? c. How much total interest will...
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,...
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...
Most questions answered within 3 hours.
-
R1.6: Twenty-one randomly selected managers in the healthcare
industry were sampled with regard to their average...
asked 11 minutes ago -
P7-3 Evaluating Four Alternative Inventory Methods Based on
Income and Cash Flow LO7-2, 7-3 [The following...
asked 10 minutes ago -
The fragment sizes that you determined from your gel may not be
exactly correct (i.e. they...
asked 12 minutes ago -
A child on a sled is initially at rest on an icy horizontal
surface. The sled...
asked 26 minutes ago -
Elasticity: explain the difference in an increase in the price
of gasoline versus an increase in...
asked 25 minutes ago -
Using Python
What will the following code display?
names = [‘Vernon’, ‘Cooper’, ‘Ronnie’,
‘Clay’]
if ‘Jordan’...
asked 28 minutes ago -
which of the following would the particles be closest together?
liquid water, gaseous flourine, solid ice,...
asked 30 minutes ago -
Consider again the hypothetical population with two genes, each
with two alleles (A & a, B...
asked 32 minutes ago -
When the player of a game chooses a dominant strategy,
Select one:
a. it is the...
asked 42 minutes ago -
which of the followinf taxes are not subject to the innocent spouse
asked 41 minutes ago -
1) True or False? A researcher applies a simple
regression to get the results shown below...
asked 45 minutes ago -
33) Many computer programs provide two sets of results for the t
test for independent means....
asked 47 minutes ago