If you have $4,000 today with a 7% APY, how much will you have 3 years from now?
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- If you invest $15,000 today, how much will you have in (for further instructions on future value in Excel, see Appendix C): A. 20 years at 22% B. 12 years at 10% C. 5 years at 14% D. 2 years at 7%How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one year and the rate is 10%?you want to have $10,000 in 5 years and can earn 3.2% annually. How much must you deposit today to achieve your goal?
- You are going to invest $9237 today and $9695 1 year from today. If you expect to earn a return of 11.82%, how much will you have in 5 years? Answer:You are going to receive $50 at the end of each year for the next 6 years. If you invest each of those amounts at 8%, then what amount of money will you have at the end of th the 6 year?How much would you have to deposit now to have $15,000 in 8 years if interest is 7%?
- When you retire, you plan to draw $50,000 per year from your retirement accounts, which will be earning 6% per year. Find PV Annuity: If you wish to do that for 10 years starting one year after you retire, what does the balance in your retirement account have to be when you retire? Find PV Annuity: If the account will be earning 3% per year, and you wish to do that for 20 years starting on the day you retire, what does the balance in your retirement account have to be when you retire?How much do you have to deposit at the end of each year if you need $ 2856 in 4 years, assuming k = 8%?You just read about an opportunity to purchase an annuity that pays $1,000 at the end of each of the next 10 years. If you are currently earning 7% on your money (your opportunity cost of money), how much would you be willing to pay for this annuity?
- How much will you have in 40 years if you save $3,000 each year and your account earns 8% interest each year?You will require $730 in 5 years. If you earn 5% interest on your funds, how much will you need to invest today in order to reach your savings goal?suppose you are planning to buy a home in 8 years from now that costs you 47114 OMR, How much should you save each year in your bank account that pays 6.012 percent to reach your goal?