Hannah plans to invest $6,500 at the end of each year for the next eight years. Assuming a 10% interest rate, what will her investment be worth eight years from now?
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Hannah plans to invest $6,500 at the end of each year for the next eight years. Assuming a 10% interest rate, what will her investment be worth eight years from now?
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- Pedro Gonzalez will invest $5,000 at the end of each year for the next 9 years. The interest rate is 8 percent. What is the future value?Freya plans to invest $1,600 every six months for 25 years. How much will this investment be worth at the end of 25 years if she earns an average annual rate of 8.2 percent interest compounded semiannually? Can the calculator and excel solution be provided?Ken Francis is offered the possibility of investing $2,745 today; in return, he would receive $10,000 after 15 years. What is the annual rate of interest for this investment?
- noma plans to save $4000 per year for the next 35 years. if she can earn an annual interest rate of 9.8 percent, how much will she have in 35 years?Sally enters into an investment that will guarantee her 5% year if she deposits $2045 each year for the next 10 years. She must make the first deposit one year from today. How much will she have when she makes her last payment 10 years from now? (Please use excel function = FV) to solveJeremy is investing $5,000 today and will do so at the beginning of another nine years for a total of ten payments. His investment can earn 5.3% per year. How much will Jeremy have at the end of ten years? (Round to the nearest dollar.)
- Susan plans to make an investment today which promises to return to her $3,000 each year for ten (10) years beginning one year from today. The investment account will earn 6% compounded annually. At the end of ten years, the investment account balance will be zero.Question: Rounding to the nearest whole dollar, what should be the amount of Susan's original investment?Sharon is planning for her retirement 34 years from now. She plans to invest $5,600 per year for the first 7 years, $7,800 per year for the next 11 years, and $14,000 per year for the remaining 16 years. All of the investments will be made at the end of the year. If Sharon can earn 10% annual return on her investments, what will her retirement fund amount to at the end of 34 years? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 2 decimal places, eg. 458,581.25) Click here to view factor tables Amount of retirement fund $ Save for Later A Attempts: 0 of 1 used Submit AnswerAbby has decided to invest $60 at the end of each month into a retirement plan that has an annual rate of 4.6%, compounded monthly. If Abby continues her investments for a period of 8 years, how much money will she have in the plan?
- Shaikha is investing 121 today and will continue to do so at the beginning of each year for the next 9 years for a total of 10 payments. If the investment will earn her 4% how much will she have at the end of the period?Sarah plans to buy a house for $120,000 if that real estate is expected to increase in value by 5% each year what will its approximate value be seven years from now? Sally has decided to invest $70 at the end of each mouth into a retirement plan that has an annual rate of 5.6%, compounded monthly. If Sally continues her investments for a period of 9 years, how much money will she have in the plan?