Q: How much would you need to deposit in an account now in order to have $3,500.00 in the account in 20…
A: a. Future value = Amount + (Amount*Rate*Periods) $3,500 = Amount + (Amount *8.35%*20) $3,500 =…
Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…
A: Given information Future Value = $6000 Time Period =10 years *12= 120 periods(As periods are…
Q: You deposit $100 each month into an account earning 8% interest compounded monthly. a) How much will…
A: Each month $100 is to be put into an account earning 8% interest compounded monthly. Periodic…
Q: If you deposit $250 each month into an individual retirment account that earns 4.8% interest…
A:
Q: If you want to have $5600 at the end of 9 years, how much money you need to deposit today into an…
A: If you want to have $5600 at the end of 9 years, the money you need to deposit today into an account…
Q: You deposit $100 each month into an account earning 6% interest compounded monthly. a) How much…
A: Future value refers to the amount worth in future time which is deposited today by an investor at…
Q: You deposit $500 today in a savings account that pays 6% interest, compounded annually. How much…
A: Deposit amount = $ 500 Annual interest rate = 6% Period = 40 Years
Q: You deposit $400 each month into an account earning 6% interest compounded monthly. How much will…
A: FV of annuity=P1+rn-1rwhere,P=Periodic paymentr=rate per periodn=number of periods
Q: If you make quarterly deposits of $415.00 into an ordinary annuity earning an annual interest rate…
A: Future value of an annuity depends on the regular payments and interest rate applicable on the…
Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…
A: Future value of any deposits made is equivalent to the compounded value of deposits made for all the…
Q: If you deposit $10 000 in a bank account that pays 10 interest annually, how much will be in your…
A: Present Value is a current value of a future amount that is receivable or payable. While, Future…
Q: Assume you decide to make weekly deposits of $100 into a savings account over the next 30 years.…
A: given, A = $100 q ( payment frequency) = 52 m ( compounding frequency) = 365 t ( number of periods)…
Q: You deposit $600 in an account earning 7% interest compounded annually. How much will you have in…
A: Future value of a value is the amount which the grow from the principal amount to future amount with…
Q: Suppose you want to have $300,000 for retirement in 25 years. Your account earns 5% interest. How…
A: The monthly deposits to have $300,000 after 25 years, will be a form of an annuity as the same…
Q: How much would you need to deposit in an account now in order to have $2000 in the account in 10…
A: Here, Future Value is $2,000 Compound Period is Monthly Interest Rate is 7% Therefore, Monthly…
Q: If you deposited $18000 and the bank is paying 7% interest compounded monthly, how much would be…
A: We know that the formula to calculate the accumulated value of cash flow is C*(1+r)n, where C is the…
Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…
A: Future Value is the compounding of present value at the specified rate of interest.
Q: how much money will be in the account? How much of it is interest?
A: Annuity payments are the fixed periodic payments that an investor or depositor makes into an…
Q: How much would you need to deposit in an account right now in order to have $2,000 in the account in…
A: Amount = $2,000 = A Time period = 10 years = T Interest rate = 2% = R Compounded monthly where it…
Q: You deposit $500 in an account earning 7% interest compounded annually. How much will you have in…
A: We can use the concept of time value of money. As per this concept when finding the present value of…
Q: If you initially invest $2200 in an account that earns 2.25% interest compounded continuously, how…
A: Initial investment (P) = $2200 Interest rate (r) = 2.25% Period (t) = 3 Years Mathematics constant…
Q: Suppose you are depositing an amount today in an account that earns 5.25% interest, compounded…
A: The amount of deposit to be made today can be calculated using the Present Value Formula
Q: If you deposit $500 in a bank account today that earns 3% interest and you deposit $20 per month…
A: Option 1: Deposit $ 500 now Future Value = Present Value*(1+ Interest rate)n Solved using Financial…
Q: You deposit $200 each month into an account earning 3% interest compounded monthly. a) How much…
A: Monthly Deposit = 200 Monthly Compounding Time Period (n) = 240 months Interest Rate (r) = 3%/12 =…
Q: You deposit $2000 each year into an account earning 3% interest compounded annually. How much will…
A: A deposit annually is rewarded by an interest annually that make a huge amount at the end of…
Q: You deposit $4000 in an account earning 3% interest compounded monthly. How much will you have in…
A: The amount after 10 years will be the future value of the initial deposit.
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: ou deposit $300 in an account earning 6% interest compounded annually. How much will you have in the…
A: Amount Deposited = $300 Interest Rate(r) =6% Years(N) =10
Q: You deposit $825 today in a savings account that pays 3.5% interest, compounded annually. How much…
A: Future value is the value of current value at a specified interest rate for given period. The…
Q: Suppose that you are to make annual deposit of $3,000 into a retirement account that pays 11%…
A: Future value of the amount is the worth of the current amount in some future specified date at given…
Q: Suppose you deposit $22.000 in an account today that pays 6% interest, compounded annually. How long…
A: Information Provided: Initial deposit = $22,000 Future value = $76,000 Interest rate = 6% compounded…
Q: You deposit $4000 in an account earning 5% interest compounded monthly. How much will you have in…
A: Given: Interest rate = 5% Present value = $4,000 Period = 10 years
Q: You deposit $10,000 in an account earning 4% interest compounded monthly. a. How much will you have…
A: Compound Interest is the interest on a deposit or loan calculated on the initial principal and the…
Q: If you deposit $3,500 into an account earning an annual rate of 11% what would your account be worth…
A: To calculate the value of account after 35 years we will use the below formula Value after 35…
Q: If you invest $2,538.00 in an account earning an annual interest rate of 3.153% compounded…
A: Interest is the fee paid to investor for investing funds over a period of time. It is the…
Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…
A: Annual deposit (P) = $ 3000 Annual interest rate(R) = 2% Period (N) = 35 Years
Q: You deposit $100 each month into an account earning 8% interest compounded monthly. a) How much will…
A: Monthly deposit (P) = $ 100 Interest rate = 8% Monthly interest rate (r) = 8%/12 =…
Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. How…
A: Future Value $ 6,00,000.00 Time Period 25 Interest Rate 10%
Q: You deposit $300 each month into an account earning 8% interest compounded monthly. a) How much will…
A: a) Money in account in 30 years: Solved using Financial Calculator PMT = -300 N = 12 * 30 = 360 I/Y…
Q: You deposit $6000 in an account earning 7% interest compounded monthly. How much will you have in 15…
A: Time has been precious in all perspectives, however in terms of finance, time has a monetary value.…
Q: If you initially invest $3500 in an account that earns 4.7% interest compounded daily, how much will…
A: Initial investment (PV) = $3500 Interest rate (r) = 4.7% Number of compounding per year (m) = 365…
Q: You deposit $6000 in an account earning 4% interest compounded monthly. How much will you have in…
A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per period i.e. 4%/12 =0.333%n =…
Q: You deposit $300 each quarter into an account earning 5.8% interest compounded quarterly. a) How…
A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…
Q: Suppose you deposit $20,000 in an account today that pays 4% interest, compounded annually. How long…
A: Here, 20,000 is deposited today and future value is $80,000. Want to calculate how many years it…
Q: Suppose your savings account pays 6% interest compounded monthly. If you deposit $18,000 forfour…
A: Time value of money (TVM) means that the money received today will be worth more than the money…
Q: If you want to have $7700 at the end of 9 years, how much money you need to deposit today into an…
A: Present Value refers to the value of cash flows today which is to be received at some future time…
Q: You deposit $100 each month into an account earning 8% interest compounded monthly. a) How much…
A: Annuity amount = $100 Monthly rate of interest = 0.6667% (8.00% / 12) Number of months = 300 months…
Q: You deposit $6000 in an account earning 6% interest compounded monthly. How much will you have in…
A: Computation as follows:
Q: If you deposit $100 today and $200 in two years in an account that earns 10% annual interest, how…
A:
If you deposit $250 into an account that earns 4.8% interest compounded monthly,
How much will you have in the account 30 years from now ?
What is the interest earned on the account ?
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityUse the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.
- You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?Calculating interest earned and future value of savings account. If you put 6,000 in a savings account that pays interest at the rate of 3 percent, compounded annually, how much will you have in five years? (Hint: Use the future value formula.) How much interest will you earn during the five years? If you put 6,000 each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after five years?
- Suppose you deposit $1,500.00 into and account 7.00 years from today into an account that earns 14.00%. How much will the account be worth 14.00 years from today?Suppose you want to have $800,000 for retirement in 25 years. Your account earns 7% interest.a) How much would you need to deposit in the account each month?$b) How much interest will you earn?$You plan to deposit S500 in a bank account now and S400 at the end of the year. If the account earns 4% interest per year, what will the balance be in theaccount right after you make the second deposit?
- If you deposit $250 each month into an individual retirment account that earns 4.8% interest compounded monthly, a.) How much will you have in the account 30 years from now ? b.) What is the interest earned on the account ?How much must you deposit each year into your retirement account starting now and continuing through year 10 if you want to be able to withdraw $80,000 per year forever, beginning 31 years from now? Assume the account earns interest at 15% per year. What is the answer, and how can I get it?Suppose you want to have $ 367733 for retirement in 31 years. Your account earns 4.4 % interest monthly. How much interest will you earn?