Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…
A: Given information Future Value = $6000 Time Period =10 years *12= 120 periods(As periods are…
Q: If you deposit money today in an account that pays 5% annual interest, how long will it take to…
A: Interest rate (r) = 5% Future value factor required (FVF) = 3 Period = n
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A: The future value of an annuity is the future worth of a series of cash flows at a certain rate of…
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A: Assume , you invest $100 double the money invested = $100 * 2 = $200
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A: Future value (FV) = 700,000 pesos Interest rate = 9% Monthly interest rate (r) = 9%/12 = 0.75%…
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A: We need to compute the future value of $5,000 after 2years, Formula for same is : = A ( 1 + r)n Rate…
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A: Initial investment (P) = $2200 Interest rate (r) = 2.25% Period (t) = 3 Years Mathematics constant…
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A: Future value is the value of cash in future at a particular date.Let us assume if person X has…
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A: Computation as follows: Hence, each month deposit will be $480.62.
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A: The formula used as follows: Present value=Future value1+innt
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Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 9% interest. a)…
A: a) Hence, amount to be deposited in each month is $624.37.
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A: Amount after 10 years = $25,300 Amount Invested =Let P Years =10 Interest Rate(r) =6.5% compounded…
Q: How much would you need to deposit in an account now in order to have $6000 in the account in 5…
A: The question gives the following information:
Q: If you deposit money today in an account that pays 4% annual interest, how long will it take to…
A: Given information: Let us suppose the present value is $1, Interest rate is 4% Future value is…
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A: Future value of each month payment (FV) = $500,000 Number of years to retirement = 20 Number of…
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A: N = 24, PV = 0 rate = 4%/12 PMT = 100 use FV function in Excel with type as 0
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A: Introduction Future Value: The value derived for the money invested today at a future point of time,…
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A: Monthly payment refers to the periodic payment. These payments are made upto a fixed period or as…
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A: Amount deposit today is calculated by adding the present value of all the cash flows.
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A: Computation:
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A: Given The rate of interest is 9.5%
Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 8% interest. a) How…
A: The amount to be invested each month will be compounded and will form a corpus und at the end of the…
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A: Present Value is the today's value of a future amount at a given interest rate for a specified time…
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A: Here. Required Amount in 8 Years (FV) is$60,000 Interest Rate (r) is 9% Time Period is 8 years
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A: Compound interest = P"(1+r%/n)^tn Since the final amount is given , we need to calculate the…
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A: Time value of money (TVM) means that the money received today will be worth more than the money…
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A: The future value is the amount that will be received at the end of a certain period. In simple…
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A: Present Value refers to the value of cash flows today which is to be received at some future time…
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A: Let's Say, one deposited $50,000 at 4% pa, you want it to become 1,00,000, one needs to follow the…
Q: How much money should be deposited today in an account that earns 5.5% compounded monthly so that it…
A: Amount after 3 years = $12,000 Interest Rate= 5.5% per annum Interest rate monthly = 5.5/12=…
Q: How much do you need to invest into an account today with 7% monthly compounded interest in order to…
A: Given details are : Future value = $500000 Interest rate = 7% Compounding frequency = Monthly Time…
Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 5% interest.a) How…
A: The question given is related to the annuity payouts, which refers to a series of payments paid over…
Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…
A: We need to use compound interest formula given below to solve this problem. A=P(1+i)n Where A= Final…
Q: How much would be in your savings account in 7 years after depositing $100 today if the bank pays 5…
A: Using excel FV function
Q: The bank balance will be $
A: Time value of money (TVM) means that the amount of money received in the present times will have…
Q: If you need 6,000 5 years from now, how much of a deposit must you make in your savings account…
A: Future value (FV) = 6000 Number of annual payments (n) = 5 Annual interest rate (r) = 8%
Q: Suppose you want to have $700,000 for retirement in 20 years. Your account earns 10% interest. How…
A: Future value (FV) = $ 700,000 Period = 20 Years Number of monthly payments (n) = 20*12 = 240…
Q: If you open a savings account that earns 6.5% simple interest per year, what is the minimum num-ber…
A: Simple interest is the type of interest that is earned on the original amount invested and not…
Q: Suppose you want to have $700,000 for retirement in 20 years. Your account earns 6% interest. How…
A: Computation as follows: Hence, amount to be deposited in each month is $1515.02.
If you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money?
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- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?If you deposit money today in an account that pays 5% annual interest, how long will it take to triple your money?If you deposit money today in an account that pays 4%annually interest. How long will it take to double your money?
- If you deposit $50,000 in an account that pays 4% annual interest, how long will it take to double your money?If you deposit money today in an account that pays 10.7 percent annual interest, how long will it take to double your money? a. 6.82 years b. 9.35 years c. 10.70 years d. 2.73 years e. The answer cannot be calculated without knowing how much money is initially deposited.Can you solve this problem? If you open a savings account that earns 7.5% simple interest per year, what is the minimum number of years you must wait to double your balance? Suppose you open another account that earns 7% interest compounded yearly. How many years will it take now to double your balance.
- Suppose you currently have $4,800 in your savings account, and your bank pays interest at a rate of 0.47% per month. If you make no further deposits or withdrawals, how much will you have in the account in 6 years? In 6 years' time, you will have $________ in the account.Suppose your savings account pays 6% interest compounded monthly. If you deposit $18,000 forfour years, how much will you have?Suppose you need to have $57,942.00 in an account 25.00 years from today and that the account pays 11.00%. How much do you have to deposit into the account 5.00 years from today? Suppose you deposit $1,101.00 into an account 7.00 years from today. Exactly 15.00 years from today the account is worth $1,466.00. What was the account's interest rate? Suppose you deposit $1,093.00 into an account 7.00 years from today that earns 12.00%. It will be worth $1,613.00 _____ years from today. Assume the real rate of interest is 2.00% and the inflation rate is 4.00%. What is the value today of receiving 10,528.00 in 15.00 years?
- You deposit $5,000 in a savings account that earns 6% simple interest per year.How many years will it take to double your balance? If, instead, you deposit the$5,000 in another savings account that cams 5% interest compounded yearly,how many years will it take to double your balance?TIME FOR A LUMP SUM TO DOUBLE If you deposit money today in an account that pays4% annual interest, how long will it take to double your money?If you deposit $5000 into an account, how many years will it take for the account to be worth $9350 using 8.25% simple interest rate?