to save $59000 in an account which pays 6% compounded quarterly by making semiannual deposits for 10 years. What is the amount of the deposits?
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You wish to save $59000 in an account which pays 6% compounded quarterly by making semiannual deposits for 10 years.
What is the amount of the deposits?
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityUse the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?
- You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.You deposit $64000 into an account which pays 5% compounded monthly. You wish to make semiannual withdrawals for 6 years.What is the size of the withdrawals? $
- You wish to save $51000 in an account which pays 4% compounded monthly by making semiannual deposits for 10 years. What is the amount of the deposits? $ (Round to 2 decimal places.) Submit QuestionYou deposit $90000 into an account which pays 4% compounded semiannually. You wish to make semiannual withdrawals for 6 years. What is the size of the withdrawals you can make?You deposit $58000 into an account which pays 6% compounded annually. How much can you withdraw at the end of year forever?You can make annual withdrawls of $
- If you deposit $250 each month into an individual retirment account that earns 4.8% interest compounded monthly, a.) How much will you have in the account 30 years from now ? b.) What is the interest earned on the account ?You deposit $63000 into an account which pays 5% compounded semiannually. How much can you withdraw at the end of every six months forever?You can make semiannually withdrawls of $You deposit $83000 into an account which pays 6% compounded semiannually. How much can you withdraw at the end of every six months forever?