If Finley wants to set aside money in a savings account that earns 3.72% APR in interest, compounded monthly, how much will they have to invest now for the savings account to be worth $24,000 in fifteen years?
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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 annuityYou would like to have $650,000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 3.6% compounded quarterly? a) How much should you deposit each quarter? b) How much total money will you put into the account? c) How much total interest will you earn?You would like to have $1,000,000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 4.7% compounded quarterly?a) How much should you deposit each quarter?b) How much total money will you put into the account?c) How much total interest will you earn?
- You have $1,000 today in your savings account. How long must you wait for your savings to be worth $2,000 if you are earning 0.25 percent interest, compounded annually? years (XXX.XX years) You want to have $40,000 for a down payment on a house 4 years from now. If you can earn 3.95 percent, compounded annually on your savings, how much do you need to deposit today to reach your goal? ($xxxx.xx)Tom wants to have $50,000 saved sometime in the future. How much must he deposit every month into an account that pays 2.8% interest, compounded monthly. Write the present value function, letting x represent the number of years.You would like to save $250,000for retirement. If you are planning to retire 30 years from now, how much should you deposit each month into an account that pays 7.2% interest compounded monthly? What is the total interest earned?
- How much money would you need to have at retirement so that you can withdraw $50,000 a year for 20 years from an account earning 7% compounded annually? How much total money would you pull out of this account?You would like to have $800,000 when you retire in 30 years. How much should you invest each quarter if you can earn a rate of 2% compounded quarterly? a) How much should you deposit each quarter? tA b) How much total money will you put into the account? LA c) How much total interest will you earn? tAYou would like to have 950,000 when you retire in 30 years. How much should you invest each quarter if you can earn a rate of 4.8% compounded quarterly? How much should you deposit each quarter? How much total money will you put into the account? How much total interest will you earn?
- How much do you have to invest today in a savings account that returns 6.5% interest, compunded annually, to get $25,300 at the end of 10 years?The Jones want to save $95,000.00 in 5 years for a down payment on a house. If they make monthly deposits in an account paying 5% compounded monthly, what is the size of the payments that are required to meet their goal?Amahle would like to save $5,750 at the end of every month for the next 5.5 years in a savings account earning 5.8% compounded monthly. a) What would be the accumulated value of the investment at the end of the term? b) What would be the amount of interest earned? TVM Solver