pm.3 You have S81, 455.75 in a brokerage account, and you plan to deposit an additional $22,000 at the end of each future year until your account reaches $500,000 . You expect to earn 9% annually on the account. How long will ittake to reach your goal?

Ee.121.

You put $1,000 into a savings account today that offers a 55% APR with semi-annual compounding (i.e., two times per year). How much money will you have in the account after 2 years?

K You have just taken out a $27,000 car loan with a 4% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places.) When you make your first payment, $ will go toward the principal of the loan and $ will go toward the interest. (Round to the nearest cent.)

K (Comprehensive problem) You would like to have $54,000 in 16 years. To accumulate this amount, you plan to deposit an equal sum in the bank each year that will earn 6 percent interest compounded annually. Your first payment will be made at the end of the year. a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump-sum deposit today instead of the annual deposits, how large should this lump-sum deposit be? (Assume you can earn 6 percent on this deposit.) c. At the end of five years, you will receive $15,000 and deposit this in the bank toward your goal of $54,000 at the end of year 16. In addition to the lump-sum deposit, how much must you deposit in equal annual amounts, beginning in year 1 to reach your goal? (Again, assume you can earn 6 percent on your deposits.) a. How much must you deposit annually to accumulate this amount? $ 2103.42 (Round to the nearest cent.) b. If you decide to make a large lump-sum deposit today instead of…

Another client at ZBX Fin Planning currently has $95,000 in their retirement account that is expected to earn 10.56% APR compounded monthly.  In addition, the client will continue to deposit $950 per month into the same account, with next deposit one-month from today.  Given the above current balance and deposit plan, how much will the client have in 9 years? Enter answer in dollars, rounded to nearest dollar.

do solve it asap   Suppose you plan to deposit $1000 at the end of each month into an account for eight months. If the account pays a simple interest equal to 15% annually, what is the value of your deposits at the end of the year?

← Suppose you start saving today for a $45,000 down payment that you plan to make on a house in 6 years. Assume that you make no deposits into the account after the initial deposit. For the account described below, how much would you have to deposit now to reach your $45,000 goal in 6 years. An account with daily compounding and an APR of 4% D You should invest $ (Do not round until the final answer. Then round to two decimal places as needed.)

Vijay

5. I have $5,000 and want to triple my money in 10 years. I am depositing money into my account every month. The bank pays me 1.2% APR with monthly compounding. How much should I deposit each month (starting from next month) into this account?