your client intends to invest 3000 every 6 months for the next 4 1/2 years if...
your client intends to invest 3000 every 6 months for the next 4 1/2 years if the investment earns 5% compounded monthly , what will be the total accumulated value after the 4 1/2 years if the first payment is made immediately ?
Homework Answers
Any query then comment below. I will explain you.
Add Answer to:
your client intends to invest 3000 every 6 months for the next 4 1/2 years if...
Michelle invested $1,550 at the end of every 6 months into an RRSP for 16 years....
Michelle invested $1,550 at the end of every 6 months into an RRSP for 16 years. For the first 8 years she earned interest at a rate of 4.80% compounded semi-annualy and for the next 8 years she earned interest at a rate of 6.40% compounded semi-annualy. a. Calculate the accumulated value of her investment after the first 8 years. $0.00 Round to the nearest cent b. Calculate the accumulated value of her investment at the end of 16 years....
You plan to invest $350,000 every 6 months for the next 10 years. What annual rate...
You plan to invest $350,000 every 6 months for the next 10 years. What annual rate of return would you earn if you have $10,000,000 by the end of 10 years? (Round to 2 decimal places)
4 Question6 LO1 How much would you have to invest in years 1 and 2 in...
4 Question6 LO1 How much would you have to invest in years 1 and 2 in order to have $5,000 in 4 years if your account earns 2% compounded annually? O $2.379.13 O $2,33248 o $2,450.50 O $2.426.71 Question 7 4 pts LO1 How much would y 5.00% APR, ou have to invest today in an account that pays compounded monthly, to have $3,000 in 4 months?
What is the value today of a money machine that will pay $1,417.00 every six months...
What is the value today of a money machine that will pay $1,417.00 every six months for 27.00 years? Assume the first payment is made six months from today and the interest rate is 11.00%. What is the value today of a money machine that will pay $4,146.00 per year for 35.00 years? Assume the first payment is made today and that there are 35.0 total payments. The interest rate is 6.00%. Derek will deposit $3,988.00 per year for 19.00...
Ali deposited $1,200 at the end of every month into an RRSP for 6 years. The...
Ali deposited $1,200 at the end of every month into an RRSP for 6 years. The interest rate earned was 5.50% compounded semi-annually for the first 3 years and changed to 5.75% compounded monthly for the next 3 years. What was the accumulated value of the RRSP at the end of 6 years?
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
4) For your pension, you plan to save $5000 every 6 months into a fund. The...
4) For your pension, you plan to save $5000 every 6 months into a fund. The fund pays interest at 6%, compounded bi- annually. You will have the choice of retiring after 25 years or after 30 years. What difference will waiting the extra 5 years make to the future value of your pension? (9 marks)
4) For your pension, you plan to save $5000 every 6 months into a fund. The...
4) For your pension, you plan to save $5000 every 6 months into a fund. The fund pays interest at 6%, compounded bi- annually. You will have the choice of retiring after 25 years or after 30 years. What difference will waiting the extra 5 years make to the future value of your pension? (9 marks)
You receive $4,000 from your aunt when you turn 21 and you immediately invest the money...
You receive $4,000 from your
aunt when you turn 21 and you immediately invest the money in a
saving account. The account earns 12% annual rate, with continuous
compounding. You get your first job after 5 years. a. Determine the
accumulated saving in this account at the end of 5 years. b. You
want to retire from work in 20 years. If you deposit $100 into your
account every month for the first 10 years, and $200 every month
for...
I need help on question 4. Time Value of Money Exercise: Question 1: Assume you deposit $700 every three months at erce...
I need help on question 4.
Time Value of Money Exercise: Question 1: Assume you deposit $700 every three months at ercent annual rate, compounded $700 every three months at a 6 percent am much will you have at the end of 20 years? Question 2: You borrow a five-year $13.000 loan with monthly percentage rate (APR) on the loan? 3,000 loan with monthly payments of $250. What is the annual Question 3: How much would you have to invest...
Michelle invested $1,550 at the end of every 6 months into an RRSP for 16 years. For the first 8 years she earned interest at a rate of 4.80% compounded semi-annualy and for the next 8 years she earned interest at a rate of 6.40% compounded semi-annualy. a. Calculate the accumulated value of her investment after the first 8 years. $0.00 Round to the nearest cent b. Calculate the accumulated value of her investment at the end of 16 years....
4 Question6 LO1 How much would you have to invest in years 1 and 2 in order to have $5,000 in 4 years if your account earns 2% compounded annually? O $2.379.13 O $2,33248 o $2,450.50 O $2.426.71 Question 7 4 pts LO1 How much would y 5.00% APR, ou have to invest today in an account that pays compounded monthly, to have $3,000 in 4 months?
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
4) For your pension, you plan to save $5000 every 6 months into a fund. The fund pays interest at 6%, compounded bi- annually. You will have the choice of retiring after 25 years or after 30 years. What difference will waiting the extra 5 years make to the future value of your pension? (9 marks)
4) For your pension, you plan to save $5000 every 6 months into a fund. The fund pays interest at 6%, compounded bi- annually. You will have the choice of retiring after 25 years or after 30 years. What difference will waiting the extra 5 years make to the future value of your pension? (9 marks)
You receive $4,000 from your
aunt when you turn 21 and you immediately invest the money in a
saving account. The account earns 12% annual rate, with continuous
compounding. You get your first job after 5 years. a. Determine the
accumulated saving in this account at the end of 5 years. b. You
want to retire from work in 20 years. If you deposit $100 into your
account every month for the first 10 years, and $200 every month
for...
I need help on question 4.
Time Value of Money Exercise: Question 1: Assume you deposit $700 every three months at ercent annual rate, compounded $700 every three months at a 6 percent am much will you have at the end of 20 years? Question 2: You borrow a five-year $13.000 loan with monthly percentage rate (APR) on the loan? 3,000 loan with monthly payments of $250. What is the annual Question 3: How much would you have to invest...
Most questions answered within 3 hours.
-
A researcher claims that at least 10% of young children suffer
from some food allergy. A...
asked 10 minutes ago -
Describe the difference between a Change Order (CO), a
Request For Information (RFI), and submittals? Give...
asked 9 minutes ago -
Help
can you do this?
C programming
Overview
In this program, you will be taking product...
asked 23 minutes ago -
The given plaintext is “Feistel
cipher structure uses the same algorithm for both encryption and
decryption”....
asked 27 minutes ago -
Use the redox table below to answer the following questions.
a) Would MnO2 reduce Cu2+?
b)...
asked 39 minutes ago -
import java.util.Scanner;
public class SieveOfEratosthenes {
public static void main(String args[]) {
Scanner sc...
asked 33 minutes ago -
Given the data below for the reaction, 2 A + 2 B + 4 C =>...
asked 39 minutes ago -
What were the sources of Spanish power in these centuries? Why
was Spain unable to sustain...
asked 41 minutes ago -
How do primary producer, primary consumers, secondary consumers,
and tertiary consumers affect the environment ?
asked 46 minutes ago -
The pet industry has undergone a surge in recent years,
surpassing even the $20 billion a...
asked 55 minutes ago -
what will be a good equation in order to find the
angular torque of the extension...
asked 58 minutes ago -
One of your friends wears glasses with a focal length of 44 cm .
Assume that...
asked 1 hour ago