QUESTION 6 You would like to have $49215 in 10 years. If the rate is 9.51%, how much do you have to invest each month?

Q: You want to save $800 a month for the next 30 years and hope to earn an average rate of return of 12…

A: The equal series of payment will be annuity. To compute the money after certain point of time in…

Q: 1On the day you retire you have $500,000 saved. You expect to live another 30 years during which…

A: Time value of money refers to the concept that money available today is worth more than the same…

Q: If you invest $10,000 today at 8% how much money will you have in five years?

A: Details given in the question are  : Present value (invest today) = $10000 Interest rate = 8% Time…

Q: Strapped for cash, your neighbor makes you the following offer. He will pay you back the money he…

A: A series of payments made at the end of each period with equal intervals of time is an ordinary…

Q: How much should you invest each month in order to have $400,000 if your rate of return is 3.2%…

A: We need to use future value of the ordinary annuity formula to calculate monthly payment to get the…

Q: Question 4 How long would it take you to double your money in an investment if it earns 5%…

A: The money's time worth concept reveals that any sum of money is worth more now than what it will be…

Q: Assume you are planning to invest $3,000 each year for five years at 10% per annum Determine the…

A: Step 1 The future value of an annuity, when assuming a particular rate of return or discount rate,…

Q: You invest $9,000 today at an annual interest rate of 5%. How much do you expect to have 5 years…

A: P = $9,000r = 5% = 0.05n = 5

Q: You would like to retire in 30 years and you have calculated that you will need to save $2 million…

A: Time Value of Money states that a dollar earned today is more valuable than any time in the future,…

Q: If you invest $2000 per year starting today, how many years would you need to save at 20% compounded…

A: The deposits done on a fixed interval and fixed rate of interest are known as an annuity. This helps…

Q: You recently paid $13,500 for an investment that promises to pay S675 at the end of each of the next…

A: Investment Amount =  13500             Annual payment =  675             Tenure =  6 years…

Q: Question: compounded You have $1,000,000 saved for retirement in an investment account which pays…

A: Solution: An equal amount saved each period is known as annuity. Present value of annuity = PMT x…

Q: how much do you need to save today?

A: Given : Rate of return (r) = 8% Savings required at the end of the next 3 years are RM1,500,…

Q: g does it take for your money to grow to seven times its original value if the interest rate of 6%…

A: The given problem can be solved using NPER function in excel.NPER function computes no. of years/…

Q: If you invest $14,500 today at 9.25% how much will you have 12 years from now? Multiple Choice…

A: The FV of an investment refers to the total worth of the cash flows of the investment at a…

Q: None

A:

Q: What annual return would you need to grow $10,000 to $19,000 over 14 years? Answer in percent,…

A: Return refers to amount received by investor by investing funds. It may be interest on Bonds,…

Q: 7. You want to invest $5,000 for 6 years. Would you prefer to earn a 4 percent rate of return…

A: Interest rate is the rate of interest earned/paid on an investment/loan. The interest will be paid…

Q: 6. If you make a single investment of $300,000 and can earn 8.25% compounded monthly, how much money…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: How much will investment accummalate to when you save 1500 every quarter for 5 years. The market…

A: A present asset's future value, abbreviated as FV, is the value that an asset is expected to have at…

Q: You estimate that you will need sh 80,000 in eight years, and currently you have sh 35000 at what…

A: Multiple question has been posted and for question 2, the interest rate is missing. Hence, first…

Q: You plan to retire after working for 45 years. You estimate you need 1 million to retire and live…

A: Future value refers to the anticipated value of an investment or asset at a specific point in the…

Q: Assume you invest $15,000 today. How much will you have in five years at an interest rate of​ 10%?…

A: Future value is computed as: FV=PV1+rnwhere, FV =Future valuePV =Present valuer= rate of interestn=…

Q: How much would $1. growing at 6.8% per year, be worth after 75 years? Select the correct answer. O a…

A: We need to use future value formula below to calculate worth after 75 years.FV =PV(1+i)nWhereFV…

Q: What would be the compound annual interest rate

A: Compounded interest             These are interest additional to the interest received on principle…

Q: Assume you invest $19,000 today. How much will you have in six years at an interest rate of​ 9%?…

A: Formula to compute the Future value is as follows: FV=PV(1+r)n where, FV=Future valuePV =Present…

Q: How much do you need to invest today to receive $7,500 in 8 years, if you can earn 3% on your…

A: INFORMATION: RATE 3% YEARS 8 PMT (MONTHLY DEPOSIT) 0 FUTURE VALUE $7,500

Q: 6. Future values (S2.1) If you invest $100 at an interest rate of 15%, how much will you have at the…

A: Future value is computed by following formula-FV = A × (1+ r)nwhere,FV = future value A = Amount…

Q: If you invest $10,000 today at 4% how much money will you have in ten years?

A: We need to calculate the future value from the following details: Present value (invest today) =…

Q: 11. If you would like to have $500,000 set aside in 40 years, assuming a 4% annual rate of return,…

A: Formula to be used:  FV of annuity=P1+rn-1rWhere,FV = $500,000r=0.0412=0.003333n= 40yr×12=480

Q: You invest $1,900 three years from today and $1,100 four years from today. How much will you have in…

A: Finance is the management of money. The time value of money principle explains that a dollar today…

Q: What rate of return would you need if you wanted to accumulate $1,000,000 in 25 years and invest…

A: Rate of return: It implies to the rate that is often expected or charged by the investor from the…

Q: What return per year would you need to receive in order to double your money in 8 years?

A: Assume the present value = $100 Future value =Present value × 2 = $100 × 2= $200 Time period = 8…

Q: Finance Approximately how much would you need to invest today, to receive $280 in ten years, if you…

A: Future Value is $280 Time period is 10 years Interest rate is 10% To Find: Present Value

Q: Suppose that you set a goal of accumulating $2 million by the time you retire, and that you know you…

A: Accumulated amount needed = $2 milllion r = 6% Let A = Annual saving

Q: er qu

A: Given information :

Q: If you invest $10,000 today at 4% how much money will you have in five years?

A: Details given are : Present value (invest today) = $10000 Interest rate = 4% Time period = 5 years…

Q: Suppose you plan to have $70,000 in 20 years from now and you can invest your savings at 9%…

A: Future value of amount includes the amount that is being deposited over the period of time and…

Q: You have 30 years left until retirement and want to retire with $1.2 million. Your salary is paid…

A: Time = t = 30Future Value = fv = $1.2 millionSalary = s = $62,000Growth Rate = g = 3%Rate of Return…

Q: How much time will it take you to accumulate $500,000, assuming you invest $15,000 today and $150 /…

A: The time value of money concept states that the value of a certain amount of money on the future…

Q: Hoe much money must you invest today in order to withdraw P1000 per month for 10 years if the…

A: Monthly withdrawal (C) = P1,000 Monthly interest rate (r) = 0.01 (i.e. 0.12 / 12) Number of…

Q: e for your money to grow to ten times its original value if the interest rate of 6% per year? use…

A: The given problem can be solved using NPER function in excel.NPER function computes no. of years/…

Q: 11. Suppose an investor wants to have $10 million to retire 30 years from now. How much would she…

A: Future Value = fv = $10 millionTime = t = 30 YearsRate of Return = r = 15%

Q: Suppose you have just started 21st year of your life, you plan to retire at the end of age 65, and…

A: Here, Earning Per year is $50,000 Savings is 10% of Income Working Year is 45 years Retirement years…