If I deposited $7900 into a savings account that compounds daily at an annual rate of 5.1% how much would the balance be at 5.9 years?

Q: You make two annual payments of $2,000 each (the first payment is made one year from today) into a…

A: Number of annual payments (N) = 2 Payment = 2000 Interest rate = 10%

Q: If you deposit $8,000 in a bank account that pays 7% interest annually, how much will be in your…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: If you deposit money today in an account that pays 5% annual interest, how long will it take to…

A: Interest rate (r) = 5% Future value factor required (FVF) = 3 Period = n

Q: If you deposit $50,000 in an account that pays an annual interest rate of 10% compounded monthly,…

A: The objective of this question is to calculate the future value of an investment given the initial…

Q: If you deposit $3,500 monthly into a savings account which earns 4.25% interest rate compounded…

A: Future value refers to the amount of a current asset at some future date affected by the inflation…

Q: You would like to save $250,000for retirement. If you are planning to retire 30 years from now, how…

A: The monthly deposit is the amount that is paid every month until the maturity of the period.

Q: You would like to have $800,000 when you retire in 40 years. How much should you invest each quarter…

A: The future value of an annuity is the amount that a series of payments, or annuity, will grow to…

Q: Suppose you have $1500 in your savings account at the end of a certain period of time. You invested…

A: Interest Earned = $1500 -$1100 Interest Earned =$400

Q: Suppose you have $1700 in your savings account at the end of a certain period of time. You invested…

A: Simple interest doesn't take compounding into consideration.

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: ou deposit $500 in an account earning 7% interest compounded annually. How much will you have in…

A: Given information: Present Value of deposited money : $500 Interest rate : 7% Time period : 10 years…

Q: If I deposit $1k a year into an account for 10 years @ 2%, what is the future value of that account?

A: As per the time value of money, a dollar is worth more today than the same dollar in the future.…

Q: You invest $ 1.000 in a bank account to buy a house at annual interest rate 14 per year, compounded…

A: Present Value (Investment in bank)= $1,000 Annual Interest rate (r)= 14% per year compounded monthly…

Q: You deposited $1000 in the bank today.  What will be in your account in 25 years assuming an…

A: Given Information: Present Value (PV) = $1000 number of period (n) = 25years. Interest Rate = 6%

Q: Suppose you put $ 525 a month for retirement into an annuity earning 5.25% compounded monthly. If…

A: An investment decision may involve regular cashflows of equal amount during successive years in…

Q: If you make monthly deposits of $301.00 into an ordinary annuity earning 3.32% compounded monthly,…

A: Interest refers to the cost of money borrowed from a lender. It can be simple or compound. It is…

Q: If you make monthly deposits of $497.00 into an ordinary annuity earning 3.09% compounded monthly,…

A: An annuity is a series of equivalent periodic cash flows for a specific duration. In the case of an…

Q: If you deposit $4,600 today into an account earning an annual rate of return of 14 percent, what…

A: Given information, Present value (PV) = $4,600Annual rate of return (r) = 14% or 0.14Number of…

Q: If you deposit $500 in a savings account that offers3 percent interest, compounded annually, and…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: 4. You deposit $50 each month in an account that pays 4.2% compounded monthly. How much is in in…

A: Compounded monthly refers to the annual rate of interest where the interest accrues at the end of…

Q: Suppose you have decided to put $2000 in a savings account that credits interest at the annual rate…

A: Solution: An amount invested earns interest over it. So, we have, FV = PV (1+i)t where, FV = Future…

Q: If your bank pays you 1.6% interest and you deposit $550 today, what will be your balance in five…

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

Q: What is your annual rate of return if you deposit $2,700 today and withdraw $3,500 in a lump sum in…

A: Rate of return refers to the increase or decrease in the value of an investment over a certain…

Q: You have a bank account that pays an annual interest rate of 6.9%. If you deposit $5,000 today and…

A: In the realm of financial foresight, the question at hand revolves around the future value of…

Q: If i deposit $1,884 per year into a savings account earning 2% interest per year, how much will i…

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

Q: If you want to have $22,431 in fifteen years, how much do you need to deposit in a bank account…

A: The deposit required to be made today can be calculated as the present value

Q: Suppose you put $100 into a savings account today, the account pays a nominal annual interest rate…

A: Future Value Future Value is the value which is measured at a specified date at a given interest…

Q: How much do you have to invest today in a savings account that returns 6.5% interest, compunded…

A: Amount after 10 years = $25,300 Amount Invested =Let P Years =10 Interest Rate(r) =6.5% compounded…

Q: I am investing $4100.00 in a bank account that pays 1.5% per year. If my interest is paid weekly,…

A: Present value, PV = $4,100 Interest rate = 1.5% per year Period = 15 yearsThe future value can be…

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 put $6,150 in the bank for 15 years at 5%. Using the Future Value of 1 Table, what factor would…

A: Future Value is known as Terminal Value. The accrued amount of FVn  on principal amount after n…