FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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how much would you have to deposite if you wanted to have $49000 in five years?annual interest rate is 8%
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- 4. How much will you need to invest today to receive $50,000 in 10 years, assuming an investment where interest is compounded monthly and the annual discount rate of 3 percent?arrow_forwardHow much do you have to deposit today so that beginning 11 years from now you can withdraw $12,000 a year for the next 6 years (periods 11 through 16) plus an additional amount of $24,000 in the last year (period 16)? Assume an interest rate of 9 percent.arrow_forwardif you have $100 in a savings account and the interest rate is 10% per year and you never withdraw or deposit money, how much will you have in the account after: one year, two yearsarrow_forward
- What is the future value of an annuity due that pays $550 per year for 18 years? Use an annual interest rate of 8.00%arrow_forwardWhat is the future value of a $1,000 annuity payment over 4 years if the interest rates are 8 percent?arrow_forwardHow much would be in your savings account in 12 years if you deposited $1,500 today? Assume the bank pays 5 percent per year.arrow_forward
- C) What is the present value of $7,500 per year, at a discount rate of 8.5 percent, if the first payment is received 10 years from now and the last payment is received 25 years from now?You have signed up for your 401k and will deposit $750 into your 401k when you are paid at the end of each month. If you earn a compound annual rate of return of 6%, how much will you have in 15 years?What would your monthly car payment be if you financed a $35,000 car for 3 years at a rate of 6%?The appropriate discount rate for the following cash flows is 12 percent compounded quarterly. What is the present value of the cash flows? Year 1 CF=700, Year 2 CF=600, Year 3 CF=0, Year 4 CF=1000arrow_forwardIf you want to have $7700 at the end of 9 years, how much money you need to deposit today into an account that pays 9.0% interest per year, compounded monthly?arrow_forwardHow much do you have to deposit today so that beginning 14 years from now you can withdraw 15,000 a year for the next 4 years (periods 14 through 17) plus an additional amount of 30,000 in that last year (period 17)? Assume an interest rate of 11 percent.arrow_forward
- What’s the future value of $100 after 3 years if the appropriate interest rate is 8%, compounded annually? Compounded monthly? SHOW WORK AND USE FINANCIAL CALCULATORarrow_forwardYou invest $100 in a savings account at an interest rate of 15% compounded annually. What is the value of your investment after five years (to the nearest cent)?arrow_forward
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