If you deposit $3,500 today into an account earnings an annual rate of return of 11 percent, what would your account be worth in 35 years ( assuming no further deposits )? I’m 40 years Round to the nearest cent

Q: You have $27, 467.55 in a brokerage account, and you plan to deposit an additional $5, 000 at the…

A: The amount in the brokerage account (PV) at present is $27,467.55.The annual deposit (PMT) is…

Q: To supplement your planned retirement in exactly 42 years, you estimate that you need to accumulate…

A: The future value of an annuity is the worth of a series of recurrent payments at a future date,…

Q: You make $10,000 deposit 1 year from now, $15,000 deposit 3 years from now and $20,000 deposit 5…

A: A concept that implies the future worth of the money is lower than its current value due to several…

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: How much would you need to deposit in the account each month?

A: Information Provided: Future value = $410,500 Years = 15 Interest rate = 6.5% Deposits frequency =…

Q: You have $67,046.95 in a brokerage account, and you plan to deposit an additional $3,000 at the end…

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

Q: You plan to invest $2,000 per year into a retirement account. If you earn a compound annual rate of…

A: Retirement planning is important to accumulate the amount for future use. The regular payment is…

Q: What is the present value of $3,000 paid each year forever, assuming a discount rate of 5% and the…

A: The question is solved by computing the present value of perpetuity.present value of perpetuity…

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: Suppose you need to hand $52,569 in an account 25 years from today and that account pays 6%. How…

A: Future vaue =52569Interest rate=6%

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: If you deposit ​$3,500 today into an account earning an annual rate of return of 11 ​percent, what…

A: Deposit today (P0) = $3,500 Annual rate of return (i) = 0.11 Period (p) = 40 years Account worth in…

Q: You have $51, 854.38 in a brokerage account, and you plan to deposit an additional $3,000 at the end…

A: The time value of money is a concept in finance that takes into account the effects of compounding…

Q: Let’s say that you are saving up for retirement and decide to deposit $3,000 each year for the next…

A: The objective of this question is to calculate the difference in the final amount of savings when…

Q: Today you are opening a savings account and depositing an initial $5,000 into it. You plan to…

A: Maturity Value is that amount which will be received at the end of certain period of time. It…

Q: You want to retire soon. When you finally retire, you want your investments to provide you with an…

A: Retirement needs: 150,00 means 15,000 15,000 each year for next 40 years N = 40 Annual Interest…

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: Suppose you deposit $1098 into an account 5 years from today that earns 11%. It will be worth $1774…

A: Data given: PV= $ 1098 FV= $ 1774 r=11% n=?

Q: Suppose you deposit $1,500.00 into and account 7.00 years from today into an account that earns…

A: Future value is an estimated value of a current asset at an assumed growth rate over a certain…

Q: You have $14,484.85 in a brokerage account, and you plan to deposit an additional $5,000 at the end…

A: This is a time value Problem, Here we have the present value, future value and interest rate given,…

Q: You would like to have $78,000 in 12 years. To accumulate this amount, you plan to deposit an equal…

A:

Q: account with an interest rate of 7.5% per year compounded monthly. You want to withdraw all your…

A: interest rate =7.5% monthly interest =7.5/12=0.625 Future value =Present value (1+i)n

Q: you deposit $3000 today in an account earning 3.5% annual interst and keep it for 10 years. In 10…

A: Total amount present in the bank account after 30 years is $111,430.6Explanation:First we calculated…

Q: 4. Given the following information and assuming straight-line depreciation to zero, what is the IRR…

A: IRR is also known as Net Present Value.. It is a capital budgeting technique which helps in decision…

Q: You deposit $5000 each year into an account earning 6.8% interest. How much will you have in the…

A: Given: Yearly deposit = $5000 Interest = 6.8% annually Time =15 years

Q: If you deposit $1000 today in an account earning 10% APR compounded annually, and you deposit…

A: The future value of annuity due refers to the future value of a series of payments. The future value…

Q: In planning for your retirement, you would like to withdraw $50, 000 per year for 19 years. The…

A: Annuity refers to a sum of cash flows occurring on a periodic basis. The cash flow amount is usually…

Q: You believe you will spend $47,000 a year for 13 years once you retire in 26 years. If the interest…

A: Solution:-When an equal amount is spent each period, it is known as annuity.We know, present value…

Q: You are depositing $3,000 today in an account with an expected rate of return of 10%. If you deposit…

A: Future value can be defined as the worth of money at a future date, computed in accordance with the…