Determine the monthly savings is needed monthly to save $200,000 at the end of ten years if the money is 10% yearly, compounded quarterly. (please include the cash flow diagram annuity)
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Determine the monthly savings is needed monthly to save $200,000 at the end of ten years if the money is 10% yearly, compounded quarterly. (please include the cash flow diagram
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- What deposit made at the beginning of each month will accumulate to $120,000 at 8% compounded semi-annually at the end of 10 years? Please include the cashflow diagram and what kind of annuity formula can we use on this question aside from the excel format?At the end of each month for the next ten years you will receive cash flows of $75. If the appropriate discount rate is 7.2%, compounded monthly (i.e., the APR is 7.2%), how much would you pay for the annuity?a) You deposit $200 monthly into an annuity with the goal of accumulating $180,000 after 30 years. What annual rate, compounded monthly, is required to accomplish this?
- The monthly compounded interest rate is 10%. What is the effective annual interest rate and what is the present value of an annuity cashflow stream of $100 to be received every quarter for the next three years? Give answers to two decimal places and show all your workings.Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $70,000 in a fund paying 2% per year, with monthly payments for 10 years PMT = $ ___Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $10,000 in a fund paying 6% per year, with monthly payments for 10 years
- Suppose an annuity will pay $11,000 at the beginning of each year for the next 7 years. How much money is needed to start this annuity if it earns 7.7%, compounded annually? (Round your answer to the nearest cent.)$An monthly perpetuity has a constant cash flow of $100. If the interest rate is 8% compounded monthly, what is the present value of the perpetuity?Compare the two giveņ annuity situations below. What conclusion can you draw from the information, without finding the final balance. Annuity A: Depositing $100 per month in an account earning 6% annually, and making these deposits for 40 years. Annuity B: Depositing $150 per month in an account earning 3% annually, and making these deposits for 25 years.
- The present value of a 4-year annuity is $47,000. The first annual cash flow occurs one year from today. If the discount.rate is 4.8%, what is the payment amount? Enter your answer as a positive number, and round to the nearest penny.A perpetuity with a present value of $25,000 today yields cash flows of $100 per month. The first cash flow comes in one month from today. What is the required return for the perpetuity in APR?Find the amount accumulated FV in the given annuity account. (Assume end- of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $300 is deposited monthly for 10 years at 5% per year in an account containing $9,000 at the start FV = $ Need Help? Read It Watch It