A man wants to invest $10,000 at 3.5% interest. How much will he have in his account in 7 years and three months?

Q: You invest $10,000 into an account that earns 4.5% simple interest each year. Give an equation…

A: Amount invested in the account is $10,000  Simple interest rate is 4.5% Time period is 30 years To…

Q: account

A: Introduction: Investments are made by depositing a certain sum of money in the account. At the end…

Q: Give me correct answer with explanation

A: The problem is asking us to find the future value of an investment. The future value is the amount…

Q: A man is investing $3,000 at 8 1/4% simple interest to save for a new car. In how many years will he…

A: SIMPLE INTEREST FORMULA: A=P×1+RT WHERE, P=principal A=amount R=rate  T=time

Q: You invest $ 1.000 in a bank account to buy a house at annual interest rate 14 per year, compounded…

A: Present Value (Investment in bank)= $1,000 Annual Interest rate (r)= 14% per year compounded monthly…

Q: You deposited $1000 in the bank today.  What will be in your account in 25 years assuming an…

A: Given Information: Present Value (PV) = $1000 number of period (n) = 25years. Interest Rate = 6%

Q: You invest 10.000 dolar in a bank account to buy a house at annual interest rate 14 per year,…

A: Given: Investment = 10,000 Interest rate = 14% Years = 10

Q: Suppose you want to have $300,000 in the bank when you retire in 45 years and the bank pays 3%…

A: given, rate = 3% no of years= 45 FV= 300,000

Q: You have just retired with savings of $6 million. If you expect to live for 45 years and to earn 9%…

A: Annual amount of spending at the start of each year is calculated using following equation Annual…

Q: Assume You plan to retire and start depositing $10,000 in your account at the end of every year for…

A: Present Value:  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: You plan on investing $1.900 every 4 years while earning 6% per year. How much money will you have…

A: Future value refers to the concept of time, the value of money which is used for computing the value…

Q: Write the present value function, letting x represent the number of years.

A: Time value of money: The time value of money is the idea that the value of money received today will…

Q: Suppose you need to hand $52,569 in an account 25 years from today and that account pays 6%. How…

A: Future vaue =52569Interest rate=6%

Q: Suppose that a man lends $1600 for 4.3 years at 12% per year simple interest. At the end of the 4.3…

A: Simple Interest  Simple interest refers to the amount of interest that is calculated on the…

Q: You are planning to save for retirement over the next 30 years. To do this, you will invest $1,500 a…

A: Retirement planning is a method of investing to get returns over no income period. This is an…

Q: What is your annual rate of return if you deposit $2,700 today and withdraw $3,500 in a lump sum in…

A: Rate of return refers to the increase or decrease in the value of an investment over a certain…

Q: You invest $10,000 at the end of each 5 years. If i=4%, What is the value of the account at EOY 5?…

A: At the end of year 5, the value of the account where $10,000 is invested every 5 years at an…

Q: ou want to be able to withdraw $35,000 each year for 30 years. your account earns 6%  how much do…

A: An annuity is defined as the sum of recurring payments over a period of time at a certain date, at a…

Q: Today you are opening a savings account and depositing an initial $5,000 into it. You plan to…

A: Maturity Value is that amount which will be received at the end of certain period of time. It…

Q: An individual has $1,000 to invest. He wants to accumulate $3,670 and can earn 8% annual interest on…

A: In this question we need to compute the number of years required to accumulate $3670. Other details…

Q: You save $800 a year into a 401(k) account that you invest in a mutual fund earning 9% per year.…

A: Given, Amount saved every year is $800 Rate is 9% Number of years is 25.

Q: 1. If you want to have $500,000 when you retire and you put $85,000 in your retirement account right…

A: The NPER function can be used in the excel sheet to determine the number of years that needs to be…

Q: You plan to deposit $500 in a bank account now and $600 at the end of the year. If the account…

A: Solution: The amount in account after second deposit will be the future value of first deposit and…

Q: Suppose you deposit $1098 into an account 5 years from today that earns 11%. It will be worth $1774…

A: Data given: PV= $ 1098 FV= $ 1774 r=11% n=?

Q: If you deposit $500 at the end of each year for the next 5 years in a bank where it will earn 6%…

A: The amount that a present investment will gain in value over time when kept in a compound interest…

Q: You would like to have $700,000 when you retire in 40 years. How much should you invest each quarter…

A: Required future Value "FV" is $700,000 Time period of retirement = 40 years Interest rate is 4%…

Q: Suppose you deposit $1,500.00 into and account 7.00 years from today into an account that earns…

A: Future value is an estimated value of a current asset at an assumed growth rate over a certain…

Q: Raghubhai

A: The objective of the question is to calculate the future value of an annuity, which is a series of…

Q: How much would you have if the account paid 4.25%?

A: We can determine the FV using the FV of annuity due formula as below:In the formula above PMT =…

Q: You deposit $5000 each year into an account earning 6.8% interest. How much will you have in the…

A: Given: Yearly deposit = $5000 Interest = 6.8% annually Time =15 years

Q: You have just retired with savings of $4 million. If you expect to live for 57 years and to earn 13%…

A:

Q: a. How much money will you have in the account in 22 years? Future value of 22 deposits b. How much…

A: The future value of an investment forecasts the expected value of an investment at a given future…

Q: In order to save $57,000 in five years, John will start saving money next month. He already has…

A: The individual deposits in the bank account and receive interest on the deposit in the savings…

Q: How much should you invest each quarter if you can earn a rate of 4.8% compounded quarterly?  How…

A: To find the payment per quarter one can use “ pmt function “ in excel. To find the total money we…

Q: Suppose you invest $160 a month for 6 years into an account earning 6% compounded monthly. After 6…

A: The future value (FV) formula is used in finance to calculate the future value of an investment.This…