Sherry has a goal of retiring with $266676 by making weekly deposits into an investment account...
Sherry has a goal of retiring with $266676 by making weekly deposits into an investment account whose annual interest rate is 1%. If she will retire in 22 years, how much interest will she earn? Round your answer to the nearest dollar.
Juan has a goal of saving up $54555 by making biweekly (26 per year) deposits into a savings account for the next 10 years. If the account has an annual interest rate of 1%, how much should each of his deposits be? Round your answer to the nearest dollar.
You are making weekly deposits into an account that pays 2.6% interest per year. You would like to figure out how much you will have in 5 years. What value will you use for "r" in your calculation? (Round to 4 decimal places.)
Suppose that for the last 19 years, you've made yearly deposits of $1525 into a savings account whose annual interest rate is 3.2%. How much is in your account today? Round your answer to the nearest dollar.
Suppose you are doing some investment planning. Your goal is to have enough money when you retire so that you can take out $50,000 per year for 30 years. You are planning on building up this money by making monthly deposits to an investment account over the next 40 years. To achieve the retirement income you want, you will need to have accumulated an investment account whose value is sufficient to generate the desired payments. If you expect that while...
Betty makes daily deposits of $5.82 into a savings account. If the account has an annual rate of 2%, how much interest will she earn after 765 days? The correct answer is 96, but I'm not sure why. Could someone explain this?
On the day Saffron was born, her parents put $2,500 into an investment account that promises to pay a fixed interest rate of 8 percent per year. How much money will she have in this account when she turns 18? Round to two decimal places. .. At what rate must $311.25 be compounded annually for it to grow to $612.28 in 10 years? Submit your answer as a percentage and round to two decimal places. 3. How much money must...
. On the day Saffron was born, her parents put $800 into an investment account that promises to pay a fixed interest rate of 7 percent per year. How much money will she have in this account when she turns 18? Round to two decimal places. 2. At what rate must $311.25 be compounded annually for it to grow to $612.28 in 10 years? Submit your answer as a percentage and round to two decimal places. How much money must...
Irene plans to retire on January 1, 2020. She has been preparing to retire by making annual deposits, starting on January 1, 1980, of 2400 dollars into an account that pays an effective rate of interest of 8.3 percent. She has continued this practice every year through January 1, 2001. Her goal is to have 1.4 million dollars saved up at the time of her retirement. How large should her annual deposits be (from January 1, 2002 until January 1,...
Irene plans to retire on January 1, 2020. She has been preparing to retire by making annual deposits, starting on January 1, 1980, of 2450 dollars into an account that pays an effective rate of interest of 7.5 percent. She has continued this practice every year through January 1, 2001. Her goal is to have 1.25 million dollars saved up at the time of her retirement. How large should her annual deposits be (from January 1, 2002 until January 1,...