Suppose you want to have $9,000 saved in 6 years. If you can earn 4.6% on your funds, how much would you have to invest today to reach your goal? $6,310 $ 6,456 $6,872 $ 6,853

Q: You are 20 years old today. You want to retire at age 50 and have $4 million at that time. Assume…

A: The present value of money refers to the concept that money available in the future is worth less…

Q: You currently have $20,000 saved for retirement and can afford to put aside $5,000 per year (end of…

A: Given information,Present value: Payment per period: Future value: Years:  yearsTo derive,Future…

Q: 10. You are saving for retirement. To live comfortably, you decide you will need to save $1 million…

A: Annual deposit is calculated using following equationAnnual deposit = Where, FV is future value of…

Q: Just because a project's payback period is relatively long doesn't mean it is not profitable in the…

A: The payback period will reflect a period for recovering back initial investment and it will not…

Q: Assume your goal in life is to retire with four million dollars. How much would you need to save at…

A: The amount needed to save annually can be calculated with the help of future value of annuity

Q: 4. Mike wants to invest money every month for 30 years. He would like to have $500000 at the end of…

A: “Since you have asked multiple questions, we will solve the one question for you. If you want any…

Q: How much should you put into a 20% savings account in order to have P50,000.00 in five years? O a.…

A: Amount required or future value (FV) = P50,000 Interest rate (r) = 0.20 Period (n) = 5 years Amount…

Q: How much would you have to invest today at 12% compounded semi-annually to have $25,000 to buy a…

A: In this question we need to compute the amount we need to invest today to buy a trailer house in 4…

Q: If you were saving up to buy a boat for $200,000 in ten years and feel confident that your invested…

A: Given,  Amount required is $200,000 Rate is 10% Number of years is 10

Q: 37. Savings Gabriel Branson invested his summer earnings of $3000 in a savings account for college.…

A: Simple Interest = Principal × Interest Rate × TimeHere,Principal = $3,000Interest Rate = 1.5% or…

Q: YYou expect your retirement fund to be able to afford $40,000 a year, adjusted for 3% annual growth…

A: Payment = p = $40,000Growth Rate = g = 3%Time = t = 20Rate of Return = r = 10%

Q: Q4. You are saving for a new house and you put S10,000 per year in an account paying 8%. The first…

A: Future value of ANNUITY you have to calculate future value FACTOR for ANNUITY and multiplying by…

Q: You have $10,000 in your 401(k) at work. You expect to retire in 35 years. How much will you have in…

A: The concept of time value of money will be used here. As per the concept of time value of money any…

Q: You want to have $3.15 million when you retire in 35 years. You feel that you can save $775 per…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: If you insulate your office for $13,000, you will save $1,300 a year in heating expenses. These…

A: NPV is also known as Net present value. It is a capital budgeting technique which helps in decision…

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: How much do you need to invest today, at 0.5% interest per year, in order to have $75,000 in 15…

A: Future value (FV) = $ 75000 Interest rate (r) = 0.5% Period (n) = 15 Years

Q: QUESTION 2 1. You need $30,000 to buy a new Air-Con for your house in 4 years. What value you must…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: How much money should be deposited today in an account that earns 8.5% compounded monthly so that it…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: An investment that would require an initial cash outflow of $360,000 at the beginning is expected to…

A: Data given: Initial cash outflow= $360,000 Cash Inflow= $ 70,000 n= 7 years Required return=13%…

Q: ch month, what type of interest you need to ensure that you have enough money? 4. You…

A: Value of money changes with time and is not constant and money today will not be same money tomorrow…

Q: Your current account balance is $7,500.  You invested $6,300 5 years ago.  What rate of return did…

A: Answer) Future value = P×(1+r)^n r is interest rate P is amount n is years Given: Future value =…

Q: 2. If you invest P25,000 at 8% interest compounded annually, approximately how much money will be in…

A: The future value is the compounded value of an amount of deposit. The future value is calculated…

Q: You put $1000 in an investment that earns 5% per year. How much will you have in 20 years? $2653.30…

A:

Q: 4) How long you need to wait to make $3,000 grow to $6,000 if you can earn 10% on your money?

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: How much money should a man invest in a bank account paying 8 percent annual interest compounded…

A: Interest Rate = 8% Continuous Compounding Future Value Required = 20,000 T (Time Period) = 4 years…

Q: ABC common stock is expected to have extraordinary growth in earnings and dividends of 22% per year…

A: Note: Hi! Thank you for the question, As per the honor code, We’ll answer the first question ,please…

Q: You would like to have $42000 in five years to make some improvements on your house. What is the…

A: Compound = Monthly = 12 Future value = fv = $42,000 Time = nper = 5 * 12 = 60 Interest rate = rate =…

Q: If you want to earn 5% annual simple interest on an investment, how much should you pay for a note…

A: To solve this question one has to find the present value. Present value is the value of an…

Q: In order to have $55,000 fifteen years from now, how much you must deposit an equal amount of money…

A: The dear student to solve this question we have to use the formula of the future value of annuity…

Q: 1.1 Your parents set up fund for you 22 years ago that is now worth R47866,34. If the fund earned 8%…

A: According to bartleby guidelines , if multiple questions are asked , then 1st question needs to be…

Q: Upon graduating from college this year you expect to earn $25,000 per year. If you get your MBA, in…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: How much money do you need today to ensure that you will have $18000 in 4 years, assuming you can…

A: The present value of money is the amount that a future cash flow is worth today, taking into account…

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: How much do I need to save each year to have $5,000,000.00 @ 3.5% in 35 years?

A: Given: Future value = $5,000,000 Interest  =3.5% Time = 35 years So, amount needed to be saved each…

Q: money right now. Find FV Annuity: If you deposit your annual payments into an account earning 2% per…

A: Payments = $10,000 Interest rate = 2% Time period = 10 years

Q: You are saving for a fabulous vacation to your favorite tropical destination. You intend to travel…

A: Present value illustrates the current value of a sum of money that will be received or paid in the…

Q: 7. Calculating the Number of Periods it take to double your money? To quadruple it? At 5.3 percent…

A: Years = ln(Future value / Present value) / ln(1 + Rate) Double your money: Years = ln(2 / $1) / ln…

Q: How much money do you have to invest in order to accumulate a total of $4761 in 327 days if you are…

A: Invested amount refers to the present value of an investment made today as the money present today…

Q: You have $12044 to invest and want to save up $26452.  You hope to earn a return of 9.5%.  How long…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

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: 1.In order to create an endowment, which pays $100,000 per year, forever, starting three years from…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: You want to be able to set up a scholraship fund that will last forever and  you feel that you can…

A: First we need to calculate effective annual rate by using this equation Effective annual rate…