Suppose that you are to make annual deposit of $3,000 into a retirement account that pays 11% interest compounded monthly. How large will your account balance be in 20 years. öö 11:02 A
Q: How much would you need to deposit in an account now in order to have $3,500.00 in the account in 20…
A: a. Future value = Amount + (Amount*Rate*Periods) $3,500 = Amount + (Amount *8.35%*20) $3,500 =…
Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 9% interest. a)…
A: Present value is the sum of the current value of money of future cash flows. It is also known as a…
Q: You deposit $100 each month into an account earning 8% interest compounded monthly. a) How much will…
A: Each month $100 is to be put into an account earning 8% interest compounded monthly. Periodic…
Q: If you want to have $5600 at the end of 9 years, how much money you need to deposit today into an…
A: If you want to have $5600 at the end of 9 years, the money you need to deposit today into an account…
Q: You deposit $10,000 in a retirement account today at 5.8% interest with annual compounding. How much…
A: Future value = Present Value×[1+Periodic interest rate]^n Where, n = number of periods = 28…
Q: ou deposit $500 in an account earning 7% interest compounded annually. How much will you have in…
A: Given information: Present Value of deposited money : $500 Interest rate : 7% Time period : 10 years…
Q: Assume you decide to make weekly deposits of $100 into a savings account over the next 30 years.…
A: given, A = $100 q ( payment frequency) = 52 m ( compounding frequency) = 365 t ( number of periods)…
Q: You deposit $200 each month into an account earning 3% interest compounded monthly. a. How much will…
A: Time value tells that money received today by an individual has more value than that of receiving…
Q: If you deposit $20,000 per year for 18 years (each deposit is made at the beginning of each year) in…
A:
Q: You are expecting to retire in 28-years and you want to retire with $10,000,000. How much you must…
A: This is a retirement fund that needs to be funded by both the lumpsum and a regular annuity amount.…
Q: Suppose you are depositing an amount today in an account that earns 5.25% interest, compounded…
A: The amount of deposit to be made today can be calculated using the Present Value Formula
Q: uppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest. How…
A: The monthly deposit is also called the annuity in which the equal amount has been paid until the…
Q: You deposit $100 each month into an account earning 8% interest compounded monthly. a) How much…
A: a) Hence, amount of $149,035.94 have in account in 30 years.
Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest…
A: The amount that need to be deposited can be calculated using the formula of future value of annuity.…
Q: If you deposit RM35,000 in an account earning 18% with monthly compounding, how much would you have…
A: Using the future value function
Q: You deposit $200 each month into an account earning 3% interest compounded monthly. a) How much…
A: Monthly Deposit = 200 Monthly Compounding Time Period (n) = 240 months Interest Rate (r) = 3%/12 =…
Q: If you invest $2,138.04$2,138.04 in an account earning an annual interest rate of 4.838%4.838%…
A: The solution of this question is depend the formula of compound interest. Therefore we will use the…
Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 9% interest. a)…
A: a) Hence, amount to be deposited in each month is $624.37.
Q: You deposit $500 each month into an account earning 5% interest compounded monthly. a) How much…
A: The future value is the value of amount in future that has to paid or received at current or in…
Q: If you deposit $3,500 monthly into a savings account which earns 8.25% interest rate compounded…
A: Present Value is referred to as the current value of future sum of the funds or the cash flows…
Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 7% interest. a)…
A: Future value of annuity = P * [ (1+r)^n - 1 ] /r Where, r = rate of interest per period i.e.…
Q: ou deposit $300 in an account earning 6% interest compounded annually. How much will you have in the…
A: Amount Deposited = $300 Interest Rate(r) =6% Years(N) =10
Q: If you deposit RM15,000 in an account earning 20% with semi annually compounding, how much would you…
A: Compounding is a way to find the FV of a deposited amount by considering the appropriate rate for…
Q: You deposit $825 today in a savings account that pays 3.5% interest, compounded annually. How much…
A: Future value is the value of current value at a specified interest rate for given period. The…
Q: how much do you need to deposit now in a bank paying 6% interest compounded monthly if you want to…
A: The present value is the value of the sum received at time 0 or the current period. It is the value…
Q: If i you are expecting retire in 28 years and you want to retire with 10,000,000. how much you put…
A: given, present value ( pv) = $122,000 future value (fv) = $10,000,000 n =28 years let monthly…
Q: Suppose you want to have $300,000 for retirement in 25 years. Your account earns 9% interest. a)…
A: According to the time value concept, a sum of money today has more purchasing power than the same…
Q: Suppose that you deposit $10 at the end of each day into a savings account that pays 2% interest…
A: Accumulated value can be defined as the sum of investment and interest earned on investment over a…
Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 4% interest. a)…
A: Introduction Future Value: The value derived for the money invested today at a future point of time,…
Q: HOW MUCH SHOULD YOU DEPOSIT AT THE END OF EACH MONTH INTO A INVESTMENT ACCOUNT THAT PAYS 8% COMPOUND…
A: Calculation of Amount of Deposits and Total Interest:The amount of deposits is 338.49 and total…
Q: How much will you have in the account 30 years from now ? What is the interest earned on the…
A:
Q: Suppose you invest $5 per week into an account that earns 2.5% compounded weekly. You make the…
A: Time value concept states that a dollar today is worth more than anytime in the uture, as the dollar…
Q: You deposit $100 each month into an account earning 8% interest compounded monthly. a) How much will…
A: Monthly deposit (P) = $ 100 Interest rate = 8% Monthly interest rate (r) = 8%/12 =…
Q: You deposit $300 each month into an account earning 8% interest compounded monthly. a) How much will…
A: a) Money in account in 30 years: Solved using Financial Calculator PMT = -300 N = 12 * 30 = 360 I/Y…
Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 8% interest. a) How…
A: The amount to be invested each month will be compounded and will form a corpus und at the end of the…
Q: You deposit $6000 in an account earnings 7% interest compounded monthly. How much you will you have…
A: future value formula: future value = present value×1+RMM×N where, R=rate M=frequency
Q: You deposit $300 each quarter into an account earning 5.8% interest compounded quarterly. a) How…
A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…
Q: You deposit $300 each month into an account earning 3% interest compounded monthly. a) How much will…
A: Monthly deposit (P) = $300 Interest rate = 3% Monthly interest rate (r) = 3%/12 = 0.25% Period = 15…
Q: uppose you want to have $600,000 for retirement in 20 years. Your account earns 5% interest. How…
A: The provided information are: Future value (FV) = $600000Present value is (PV) = $0Annual interest…
Q: Suppose that you deposit $750 into a bank account today. If the bank pays 8 percent APR per year,…
A:
Q: Assume that you can invest to earn a stated annual rate of return of 12%, but where interest is…
A: We need to use future value of annuity formula to calculate annuity amount after 5 years. Future…
Q: If you want to have $7700 at the end of 9 years, how much money you need to deposit today into an…
A: Present Value refers to the value of cash flows today which is to be received at some future time…
Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much will you have in…
A: Given:Deposit amount=$3000Rate=3% interest compounded monthly.To compute:Amount in account after 15…
Q: Assuming that you can invest to earn a stated annual rate of return of 12%, but where interest is…
A: The question gives the following information:
Q: a. You plan to invest $5,000 in an individual retirement arrangement today at a nominal annual…
A: Future value is the value of current asset or investment at a future date. Future value is…
Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 5% interest.a) How…
A: The question given is related to the annuity payouts, which refers to a series of payments paid over…
Q: You deposit $100 each month into an account earning 8% interest compounded monthly. a) How much…
A: Annuity amount = $100 Monthly rate of interest = 0.6667% (8.00% / 12) Number of months = 300 months…
Q: Suppose you want to have $700,000 for retirement in 20 years. Your account earns 6% interest. How…
A: Computation as follows: Hence, amount to be deposited in each month is $1515.02.
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityYou are planning to make monthly deposits of $70 into a retirement account that pays 11 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 24 years? Multiple Choice O $93,189.59 O $98,094.30 O $102,999.02 O $1,177,131.62 O $85,826.29How much will a registered retirement savings deposit of $23 700.00 be worth in 8 years at 6.54% compounded semiannually? How much of the amount is interest?
- 13. After retirement, you expect to live for 25 years. You would like to have $75,000 income each year. How much should you have saved in your retirement account to receive this income, if the annual interest rate is 9 percent per year? (Assume that the payments start on the day of your retirement.) A. $736,693.47B. $802,995.88C. $2,043,750.21D. $1,427,831.93Suppose you want to have $ 367733 for retirement in 31 years. Your account earns 4.4 % interest monthly. How much interest will you earn?a. You plan to invest $5,000 in an individual retirement arrangement today at a nominal annual interest rate of 10%, which is expected to apply to all future years. 1. How much you will have in the account at the end of 15 years if interest is compounded (1) annually? (2) Semiannually? (3) Quarterly and (4) daily (assume a 365-day a year)? 2. Compute effective annual rate and explain the relationship exists between compounding frequency and the nominal and effective annual rates ?
- Suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every month in an IRA that pays 4.25% compounded monthly. How much will you have from the IRA when you retire at age 65? Find the interest. A. $118,696; $73,096 B. $120,485; $62,735 C. $146,390; $100,790 D. $119,567; $73,967How much must you deposit each year into your retirement account starting now and continuing through year 10 if you want to be able to withdraw $90,000 per year forever, beginning 29 years from now? Assume the account earns interest at 14% per year. The amount to be deposited is determined to be $________ .How do you solve this on TI 84 Future Value of Multiple Annuities Assume that you contribute $110 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $210 per month for another 20 years. Given a 6.5 percent interest rate, what is the value of your retirement plan after 40 years?
- You are planning to make annual deposits of $3,600 into a retirement account that pays 8 percent interest compounded monthly. How large will your account balance be in 25 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value aw 144 4+ 10 8. P R Tb) Suppose you begin saving for your retirement by depositing $2,000 per year in an IRA. If the interest rate is 7.5%, how much will you have in 40 years if the payments are made: at the end of the year (ordinary annuity)? at the beginning of the year (annuity due)?Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $200 is deposited monthly for 10 years at 6% per year in an account containing $9,000 at the start FV = $ 49150 Need Help? Read It Watch It Submit Answer