. If you have been saving money since you were 20 years old and you save $4 daily and, at the end of the year, you invest it all in a mutual fund account that has a 7% annual return, determine the balance of the account when you reach age 62.

You would like to save a million dollars by depositing $25,000 at the end of year into an account that pays 8% interest annually. How long will it take you to achieve your savings goal? Group of answer choices 18.65 years 12.35 years 20.0 years 40.00 years 37.04 years

On January 1, 2018, you deposited $5,500 in a savings account. The account will earn 8 percent annual compound interest, which will be added to the fund balance at the end of each year. Required: 1. What will be the balance in the savings account at the end of 7 years? 2. What is the total interest for the 7 years? 3. How much interest revenue did the fund earn in 2018 and in 2019? Show Transcribed Text

Determine the size of your investment account 23 years from now (when you plan to retire) if you deposit $15,000 each year, beginning 1 year from now, and the account earns interest at a rate of 9% per year. The size of the investment account is $

You have inherited money from a distant relative, and it will arrive in 4 separate deposits over the course of 6 years as shown below. At the same time, you're receiving an annual salary of $50,000 (an annuity). At the end of the 6th year, how much money will be in your account, if your account has an annual interest rate of 8%? Year 1: $5,000 Year 2:0 Year 3: $6,400 Year 4: $8,000 Year 5:0 Year 6: $7,500 Typed numeric answer will be automatically saved.

You invest $150 each month (starting today) into a mutual fund. You reinvest distributions. At the end of 14 years, you sell all your shares and receive $20,480. Calculate your rate of return.

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Your uncle has agreed to deposit $3000 in your brokerage account at the beginning today for five years.  You estimate that you can earn 9% per year on your investments.  How much will you have in your account at the beginning of year 4?

You just opened an account with a mutual fund and will invest $200 each month through its automatic investment program. Assuming your earn a 6% annual rate of return, how much money will you have in 5 years?

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