Suppose I want to be able to withdraw P500,000 at the end of five years and withdraw another P600,000 at the end of six years, leaving a zero balance in the account after the last withdrawal. If I can earn 4% on my balances, how much must I deposit today to satisfy my withdrawal needs?

How many years will it take for your money to tripple if you deposit $800 in a bank account that pays 14% a year, compounded semi-annually?

You want to be able to withdraw $5000 from an account at the end of each year for the next 12 years.  How much money should you invest now into an account earning 5.5% interest per year, compounded annually, in order to fund the desired withdrawals?  Assume the account is empty after the last withdrawal is made.   Give the answer to 2 decimal places, and do not use the $ sign in the answer box.   The amount to invest now is  Blank 1. Calculate the answer by read surrounding text. dollars.

You would like to have $550,000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 3.6% compounded quarterly?a) How much should you deposit each quarter?b) How much total money will you put into the account?c) How much total interest will you earn?

You plan to deposit $700 in a bank account now and $900 at the end of one year. If the account earns 2% interest per year, what will the balance be in the account right after you make the second deposit? There will be $ in the account right after the second deposit. (Type an integer or a decimal.)

You want to have $60,000 in your savings account 12 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 6.4 percent interest, what amount must you deposit each year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Deposit amount

You plan to deposit $5,500 at the end of each of the next 15 years into an account paying 11.3 percent interest. a. How much money will you have in the account in 15 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have if you make deposits for 30 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Future value of 15 deposits b. Future value of 30 deposits

Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. How much would you need to deposit in the account each month?

How much would you still owe at the end of the first year, after you have made the first payment?

K You plan to deposit $700 in a bank account now and $100 at the end of the year. If the account earns 7% interest per year, what will be the balance in the account right after you make the second deposit? ... The balance in the account right after you make the second deposit will be $ (Round to the nearest dollar.)