hat is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $23391 is made at the end of year 11, and subsequent withdrawals increase at the rate of 10% per year over the previous year’s, if the interest rate is 10%, compounded annually? Note: use interest rate with five decimal places.
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What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $23391 is made at the end of year 11, and subsequent withdrawals increase at the rate of 10% per year over the previous year’s, if the interest rate is 10%, compounded annually?
Note: use interest rate with five decimal places.
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- What amount must be deposited today, if, starting one year from today, you wish to make 15 equal annual withdrawals of $3,450 from an account offering an annual stated rate of interest r = 0%?What is the amount of five equal annual deposits that can provide five annual withdrawals, where a first withdrawal of $1500 is made at the end of year six and subsequent withdrawals increase at $100 over the previous year's, in the interest rate of 10% compounded annually? Enter you answer as follow: "123456.78". Do not use "$", or ",".consider a $5,600 deposit earning 10 percent interest per year for 10 years. What is the future value? How much total interest is earned on the original deposit? How much is interest earned on interest? (do not round intermediate calculations. Round your answer to 2 decimal places.)
- Assume time is measured in years and today is time 0. A payment stream is due to start in 7 years' time from today. 12 annual payments in advance, each of amount 99, will be made. Thus the first payment is made at time 7. Assuming the effective rate of interest is 4% per annum, calculate the value at time 0 of the payment stream. Give your answer to 2 decimal places.What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $3,000 is made at the end of year 11, and subsequent withdrawals will increase by $200 over the previous year's, if the interest rate is 8% compounded annually? (A) $928 (B) $4,588 $725 (D) $9,904Suppose that you made equal annual deposits starting from now followed by another at the end of years 2, 4, 6, and 8. At an interest rate of 8% compounded annually, what is the ending amount in year 9?
- What is the nominal annual rate of interest compounded semi-annually if deposits of $224 made each month for 4.0 years accumulate to $12,700? The nominal annual rate of interest is % compounded semi-annually. (Round to two decimal places as needed.)A bank quotes you an interest rate of 6.6% per annum with quarterly compounding. What is the equivalent rate with annual compounding? Enter your answer in percentage rounded to two decimals places (e.g, 15.45%)Suppose an account pays 12% simple annual interest, and $6,316 is deposited into the account. If the interest is paid annually and no money is withdrawn from the account since the initial deposit, find the balance in the account after 5 years. Round answer to two digits after the decimal point.
- An amount of $29,200 will provide 9 years of payments of $2,518.50 at the end of every 6 months. Find the corresponding interest rate as a percentage with 2 decimals, e.g., 9.87 a) What is the monthly compounded nominal rate? Mode N = P/Y = Rate = b) What is the effective rate?Engineering economics 1) What is the amount of five equal annual deposits starting at the end of year one that can provide five annual withdrawals, when a first withdrawal of $3,000 is made at the end of year 11, and subsequent withdrawals increase at the rate of 7% per year over the previous year's, ifa. The interest rate is 9%, compounded annually?b. The interest rate is 5%, compounded annually? Use the editor to format your answerYou want to make five yearly withdrawals from a savings account. The first withdrawal would be $2000 at the end of year 11 and followed by withdrawals which increase by 5% compared to the preceding year. If you plan to make ten uniform deposits to achieve this, how much should that amount be if the interest rate is 7% compounded annually? Round off final answer (no decimals) *