In saving for a future major purchace, Oksana has been making uniform deposits of $5,000 per year in an account that has earned variable annual interest rates of in-12-13-5% and i=15-7%(see cash flow diagram below). How much does she have in the account immediately after making the last deposit?ATTThe account will have ! (Round to the nearest dollar)GUILD

According to the time value of money the value of money will have more worth at the present time…

In saving for a future major purchace, Oksana has been making uniform deposits of $5,000 per year in an account that has eamed variable annual interest rates of i=12-13-5% and 14-15-7% (see cash flow diagram below). How much does she have in the account immediately after making the last deposit? The account will have s (Round to the nearest dollar) 13 14 15 CELLED

In saving for a future major purchace, Oksana has been making uniform deposits of $5,000 per year in an account that has eamed variable annual interest rates of i=12-13-5% and 14-15-7% (see cash flow diagram below). How much does she have in the account immediately after making the last deposit? The account will have s (Round to the nearest dollar) 13 14 15 CELLED

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

The Stafford plan now offers student loans at 4% annual interest. After two years the interest rate will increase to 7% per year. If you borrow $5,500 now and $5,500 each year thereafter for a total of four installments of $5,500 each, how much will you owe at the end of year 4? Interest is computed at the end of each year. Click the icon to view the interest and annuity table for discrete compounding when i= 4% per year. Click the icon to view the interest and annuity table for discrete compounding when i = 7% per year. At the end of year 4 you will owe (Round to the nearest dollar.)
Compute the effective interest rate and the amount that Mr. David will have in 15 years if P5,000 is deposited in the account at the end of each quarter during that time that it earns 8% interest, compounded quarterly.
What is the future worth of P770 deposited at the beginning of every quarter for 4 years if the interest is 13% compounded quarterly? Express your answer in whole number.
Lindsey plans to deposit her annual bonus into a savings account that pays 3% interest compounded annually. The size of her bonus increases by $1000 each year, and the initial bonus amount she will deposit at the end of year 1 is $2,500. a) Determine how much will be in the account immediately after the 6th deposit. b) What's the future value if she only plans to deposit her annual bonus for 8 years (the last deposit is at the end of year 8)? c) What's the future value if she only plans to deposit her annual bonus for 8 years (the last deposit is at the end of year 8), but also plans to skip the deposits at the end of years 3 and 6?
Suppose that an investor wishes to deposit an amount now so that in 30 years S1,000,000 will be in an account that pays 10% interest per year, compounded annually. What amount must be deposited now?
If the nominal interest rate is 5%, how much is P2,000 worth in 10 years in a continuously compounding account?
A geometric gradient that increases at f= 5% per year for 15 years is shown in the accompanying diagram. The annual interest rate is 10%. What is the present equivalent value of this gradient? AClick the icon to view the diagram for geometric gradient values. Click the icon to view the interest and annuity table for discrete compounding when i= 5 % per year. Click the icon to view the interest and annuity table for discrete compounding when i= 10% per year. 4... The present equivalent value of the gradient is $ (Round to the nearest dollar.)
The APR is stated as 6% compounded monthly.What is the continuously compounded rate? (In otherwords, what APR at continuous compounding has thesame effect?)
Determine the present worth of the following cash flows if the interest rate is 4% per year: Year End Cash Flow ($) Click the icon to view the interest and annuity table for discrete compounding when the MARR is 4% per year. PW(4%) = $ (Round to the nearest dollar.) 0 - $8,000 1 - $15,000 (...) 2 $40,000 3 $45,000 4 - $2,000
Trie winner of a state lottery will receive $5,300 per week for the rest of her life. If the winner's interest rate is 6.9% per year compounded weekly, what is the present worth of this jackpot? Note: Assume a 52-week year. The present worth of the jackpot is S. (Round to the nearest dollar.)
The Lahiri family rents a room in their home on Airbnb. They deposit all of the money that they earn into a vacation fund that earns 7% that i are shown below. Year Revenue $1,200 $850 3 $1,300 4 $1,800 $800 In year six, they did not rent their room due to extensive remodeling. How much would be in the account at the end of year 6?
Jack Townsend is a soda pop “addict” and wonders how much money he could accumulate if he stopped drinking soda pop and deposited the $90 per month he spends on the stuff into a savings plan. If Jack is 20 years old, what amount should he have at retirement, 50 years from now, if he deposited $90 at the end of each month and his savings plan earned 6.75% compounded monthly?