You are planning to make annual deposits of $6,450 into a retirement account that pays 9...
You are planning to make annual deposits of $6,450 into a retirement account that pays 9 percent interest compounded monthly. How large will your account balance be in 29 years?
Homework Answers
Rate = (1+9%/12)^12 - 1 = 9.38%
PV = 0
PMT = 6450
N = 29
FV = 857,120.57
Use excel function FV or financial calculator
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You are planning to make annual deposits of $6,450 into a retirement account that pays 9...
You are planning to make monthly deposits of $90 into a retirement account that pays 9...
You are planning to make monthly deposits of $90 into a retirement account that pays 9 percent annual interest (APR), compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 27 years?
You are planning to make monthly deposits of $80 Into a retirement account that pays 9...
You are planning to make monthly deposits of $80 Into a retirement account that pays 9 percent annual interest (APR), compounded monthly. If your first deposit will be made one month from now, how large wll your retirement account be in 21 years? $713,324.98 $62,415.94 $54,493.95 O $59,443.75 O $56,471.56
You are planning to make monthly deposits of $100 into a retirement account that pays 9...
You are planning to make monthly deposits of $100 into a retirement account that pays 9 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 21 years?
You are planning to make monthly deposits of $490 into a retirement account that pays 10...
You are planning to make monthly deposits of $490 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years? b) In the previous problem, suppose you make $3,600 annual deposits into the same
You are planning to make monthly deposits of $170 into a retirement account that pays 13...
You are planning to make monthly deposits of $170 into a retirement account that pays 13 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 29 years? $683,947.36 $618,809.51 $7,816,541.20 $527,510.09 $651,378.43
You are planning to make monthly deposits of $120 into a retirement account that pays 13...
You are planning to make monthly deposits of $120 into a retirement account that pays 13 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 29 years? Multiple Choice $436,806.71 Ο $5,517,558.49 Ο $482,786.37 Ο $372,360.06 Ο $459,796.54
You are planning to make monthly deposits of $170 into a retirement account that pays 12...
You are planning to make monthly deposits of $170 into a retirement account that pays 12 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 14 years?
You are planning to make monthly deposits of $490 into a retirement account that pays 10...
You are planning to make monthly deposits of $490 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years?
You are planning to make monthly deposits of $330 into a retirement account that pays 8...
You are planning to make monthly deposits of $330 into a retirement account that pays 8 percent annual interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 25 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
You are planning to make monthly deposits of $190 into a retirement account that pays 13...
You are planning to make monthly deposits of $190 into a retirement account that pays 13 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 16 years? How to do it in a financial calculator?
You are planning to make monthly deposits of $80 Into a retirement account that pays 9 percent annual interest (APR), compounded monthly. If your first deposit will be made one month from now, how large wll your retirement account be in 21 years? $713,324.98 $62,415.94 $54,493.95 O $59,443.75 O $56,471.56
You are planning to make monthly deposits of $120 into a retirement account that pays 13 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 29 years? Multiple Choice $436,806.71 Ο $5,517,558.49 Ο $482,786.37 Ο $372,360.06 Ο $459,796.54
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