How many years will it take for $14,000 to grow to $43,000 if you can earn an average rate of 8.8% per year

Q: If you pay $500 each year into an account that grows at 14% per year, how much will you have in the…

A: An annuity is end of year deposits made over a period of time at a specified rate of interest.The…

Q: You want to save $800 a month for the next 30 years and hope to earn an average rate of return of 12…

A: The equal series of payment will be annuity. To compute the money after certain point of time in…

Q: How many years would it take you to grow an investment of $1000 today to $1600 assuming an interest…

A: Using NPER Function In excel

Q: If you have $10,000 today, and save $12,000 per quarter year at the end of the quarter while earning…

A: In the given question we need to compute the number of quarters required to accumulate $100000 if we…

Q: You will invest $31 per month. If the rate is 8.07%, how much will you have in 6 years?

A: Future value can be calculated using FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate Nper…

Q: If you invest at 1.59% APY, how many years will it take to turn $1 into $9?

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: How much should you invest each month in order to have $400,000 if your rate of return is 3.2%…

A: We need to use future value of the ordinary annuity formula to calculate monthly payment to get the…

Q: You have $3000 today, and you expect to receive $1000 at the end of the next three years,…

A: Present Value = pv = $3000Payment = p = $1000Time = t = 3Interest Rate = r = 8%

Q: Approximately how many years does it take to double a $600 investment when interest rates are 6…

A: In the above question we need to compute the time period i.e. number of years required to make the…

Q: You would like to have $100,000 in 10 years’ time. How much should you save each year if the…

A: The future value = $100,000 Time period = 10 years  Interest rate = 5%

Q: You have $10,000 to invest for five years. - How much additional interest will you earn if the…

A: Given Information : Amount invested - $10,000 (Present value) Rate of interest (r) - 5%/4.5% Time…

Q: How much will you need to save per day to have $22,000 after 14 years if your account earns 8%…

A: Given information: Future value is $22,000 Interest rate 8% compounded daily Number of years is 14

Q: You expect to receive $10,000 in two years. You plan on investing it at 9 percent until you have…

A: Amount invested = a = $10,000 Interest rate = r = 9% Future value = $75,000 Time before investment =…

Q: How much do I need to save each year to have $50,000 in 15 years at an interest rate of 12%?

A: Future value of annuity is the future value of the series of periodic cash flows.   Future value of…

Q: If you invest $3000 today at 7% per year, how much will it be worth in 30 years? PLEASE SHOW WORK IN…

A: The objective of the question is to calculate the future value of an investment of $3000 at an…

Q: 3. Suppose one plans to invest $750 a month this year, $800 a month next year, $850 a month the year…

A: Future value of growing annuity is the future value of current stream of cash flows that keeps…

Q: 6. If you make a single investment of $300,000 and can earn 8.25% compounded monthly, how much money…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: How much will investment accummalate to when you save 1500 every quarter for 5 years. The market…

A: A present asset's future value, abbreviated as FV, is the value that an asset is expected to have at…

Q: Roughly how many years would urn $1,000 into $16,000 if you can invest the money at 9% per year,…

A: Time value of money:According to the "time value of money" hypothesis, a dollar received now is…

Q: How much will you need to invest today at 10% to have $10,000 six years from today?

A: Using excel PV function Where, PV = present value NPER = no. of years FV = future value

Q: How many years will it take to save $100000 if you place $1900 per month in an account that earns 4%…

A: Time value of money refers to the concept that money available today is worth more than the same…

Q: how much should you invest now in a single investment if you expect to withdraw $45,000 in 9 years…

A: Step 1: Introduction Present Value: The value of the money identified today for the money/sum of…

Q: You want to have $500, 000 by saving for the next 10 years. If the annual percentage rate is 12% per…

A: The future value for an annuity refers to cumulative compounded value of all payments or deposits…

Q: Your plan is to have $40,000 in your account, 13 years from today. You can invest in an account that…

A: Future value required (FV) $40,000 Interest rate = 8.05% Monthly interest rate (r) = 8.05%/12 =…

Q: How much will you pay for a $10,000 automobile in 20 years if the infla-tion rate averages 3 percent…

A: Information Provided: Present amount = $10,000 Term = 20 years Inflation rate = 3%

Q: If you invest $2,000 in an account with an annual yield of 12.0% compounded each month. What is the…

A: The question is based on the concept of calculation of future value . Formula as,  FV=PV*(1+rn)t*n

Q: Assume you can earn 12% annually on your investment. How much money would you need to save each week…

A: Here, Interest Rate earned is 12% Future Value required is $1,000,000 Compounding Period is Weekly…

Q: What return per year would you need to receive in order to double your money in 8 years?

A: Assume the present value = $100 Future value =Present value × 2 = $100 × 2= $200 Time period = 8…

Q: What is the present value of receiving $1,950 a year for 30 years if you expect a rate of return of…

A: Present value (PV) is the current value of a future sum of money or stream of cash flows given a…

Q: how much will a single investment of $10,000 be worth in 10 years

A: Time value of money(TVM) means that the amount of money received in the present period will have…

Q: You’re buying your first house for $180,000, giving $35,000 as down payment. The amount you will…

A: The amount of interest payable over the term of the loan and the loan amount due is equal to the…

Q: You will invest $200 per year. If the rate is 8.83%, how much will you have in 13 years?

A: Amount invested per year is $200 Rate of interest is 8.83% Time period is 13 years To Find: Future…

Q: Suppose you save $100 per month. How long will it take you to accumulate $10,000 if the annual…

A: Following details are given to us in the question : Monthly saving = $100 Future value = $10000…

Q: Suppose you need $1,000 in one year and $2,000 more in two years. If you can earn 9%, how much do…

A: The objective of the question is to find out the present value of the future cash flows. In this…

Q: You need $73,061 in eight years if you can earn a 0.39% per month. How much will you have to deposit…

A: Present value refers to the current value of the future cash flow, discounted at the given rate for…

Q: If you invest $56,000 today in an account that pays 8.3% a year, how much will you have in 31 years?…

A: Present Value, PV = $56,000 Interest rate, r = 8.3% Number of periods, n = 31 yearsThe future value…

Q: How much do I need to save each year from now with a interest rate of 12%?

A: Future value of an annuity: It is the value of periodic payments at a certain time in the future.…

Q: You will deposit $10,000 per year for five years at 9%. Then you will just let themoney sit there…

A: Deposit = 10,000 Interest % =9% Time Period = 5 years   Future Value of Deposits = [Deposit *…

Q: What will it be worth in 25 years?

A: We can determine the FV of an amount using the formula below:In the formula above, PV = deposit =…

Q: You are saving for your retirement 41 years from now. You are going to save 2000 euros per year…

A: Future Value of annuity =P1+rn-1r   where : P = Periodic payment r = rate of interest n= number of…

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.