If you have $1,051.75 going into a long term savings account monthly, for 4 years, that pays and APR of 5.5% compounded monthly, how much money will you have at the end of the 4 years?

Q: Suppose that you want to save $14000 over the next 6 years and you know that your savings will earn…

A: Present Value: It represents the current value of the future expected cash flows discounted over a…

Q: f you deposit OMR 20555 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: Deposit amount (PV) = OMR 20,555 Annual interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4%…

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 $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: In an attempt to have funds for a down payment in five years, you plan to save $7175 each year for…

A: Future value = PV * (1+I)N -1 / I.PV= Present value.I= Interest rate N= Number of periods.Cal

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: Calculating interest earned and future value of savings account. If you put $6,00 in a savings…

A: The value that is estimated for the future on the basis of current value and rate of interest is…

Q: your mother savings may allow you to withdraw 50000 pesos semi annually for five years starting at…

A: To calculate the savings of mother at the end of five year the formula is:- Future Value at the end…

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 need $24787 in 5 years.  If you think you could earn an annual rate of 12.35%, what would be…

A: The concept of time value of money states that the money received today is worth more than that the…

Q: You start a savings account with $1,500 and an interest rate of 6% compounded yearly. How much is in…

A: Future value of an investment account is the total value of all investments either in lumpsum amount…

Q: If you deposit $6800 today in an account that pays 5.0% per year, compounded quarterly, how much…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: How much money should you deposit every year in your savings account starting 3 years from now at 7…

A: We will use the concept of time value of money here. As per the concept of time value of money the…

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: You wish to accumulate $100,000 through monthly payments of $100. If you can earn interest at an…

A: To calculate the time period for a required future value with given periodic deposits at a given…

Q: You can invest $5,000 today in an account that earns an annual interest rate of 8%. Using the…

A: In the given case, we have provided the current investment or initial investment, annual interest…

Q: If you were to make a deposit of $5,000 today in an investment account expected to pay 5% pa.…

A: The question is related to Time Value of money.When interest is calculated on total of previously…

Q: How much money would you need to place in an account to have $1,000 10 years from today? Assume the…

A: The formula used as follows: Present value=Future value1+innt

Q: If you have $6000 in your savings account with 0.8% APR compounded monthly, how much will you have…

A: Formula

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 a person begins saving money by depositing $4000 per year (Annually ) at an interest rate 10% per…

A: Given information: Annual deposits : $4000 Interest rate : 5% Time period : 5 years

Q: If you deposit $500 at the end of each year for the next 5 years in a bank where it will earn 6%…

A: The amount that a present investment will gain in value over time when kept in a compound interest…

Q: If you deposit $7889 per year for 5-years where i= 10% per year, find F:

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

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: How much money will you have in 8 years if you invest $13,000 at a 4.6% annual rate of interest…

A: Present value refers to the concept of time, value, and money used for calculating the current value…

Q: How much do you have to deposit at the end of each year if you need $ 2856 in 4 years, assuming k =…

A: The Amount to be deposited each year for 4 years at the end of each year shall be computed as above.

Q: How much should you deposit into an account that pays 3.6% compounded monthly if you want to have…

A: The time value of money implies that the cash in hand at present has a higher value than the cash…

Q: By the end of five years, you want to save a down payment amount of $25,000 in order to purchase a…

A: The upfront payment made to purchase any personal asset on a loan is regarded as the down payment.…

Q: You can afford to pay $15,000 at the end of each of the next 30 years to repay a home loan. If the…

A: Present value of annuity is the current worth of future annual cash flows over a period of time at a…

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 invest $154 at an interest rate of 6% (annual rate) compounded annually, how much interest…

A: Interest earned is the interest which is applied on the principal. It is the interest for using…

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: you want to have $15,000 at the end of 5 years. if you can earn a return of 3.2% annually, how much…

A: given, fv= $15000 r=3.2% n=5 years

Q: how much money would you need to have in annuity paying 6% interest if you want to be able to…

A: Approach to solving the question:Please see attached photo for detailed solution. Thank you.Detailed…

Q: How much will you have in accumulated savings 20 years from now if you deposit $2,000 at the end of…

A: Period = 20 Years Year end deposit = $ 2000 Growth rate = 2% Interest rate = 5%