Today, Thomas deposited $170,000 in a three-year, 4% investment account that compounds quarterly. What is the maturity value of the investment account? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1).

Today, Thomas deposited $170,000 in a three-year, 4% investment account that compounds quarterly. What is the maturity value of the investment account? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

An investor placed $2,000 per year at the end of each year into an investment account. Immediately after the 15th payment, the value of money in the account was $58,720. What is the average annual rate of return the investor has earned on the account? Group of answer choices 7.0% 9.0% 5.1% 6.3%
Suppose that an investor opens an account by investing $1,000. At the beginning of each of the next four years, he deposits an additional $1,000 each year, and he then liquidates the account at the end of the total five-year period. Suppose that the yearly returns in this account, beginning in year 1, are as follows: −9 percent, 17 percent, 9 percent, 14 percent, and −4 percent. Determine what the investor’s actual dollar-weighted average return was for this five-year period. I know the calculation of Arithmetic returns is 5.40% and Geometric returns 4.90%.
You deposit $650 in an account paying 7.8% simple interest. Find the future value of the investment after 3 years. (Round your answer to two decimal places.)
Hassan invested $4000 into an account four years ago. Today his account has grown to have a balance of $4827.50. Given that his account offered monthly compounding of interest, what is the APR on this account? give the answer in %?
You open an account where you deposit $500 today. Further, you deposit $800 at the beginning of next year, withdraw $250 at the beginning of year two and deposit $450 at the beginning of year 3. The return for year 1 is 6%, for year 2 it is -8%, for year 3 it is 4.5% and for year 4 it is -2%. What is your dollar-weighted or money-weighted return (in percent) for the four-year period? Answer to two decimals. O -1.45 -6.95 -11.92
On November 1, Suzy made a single deposit of $5,000 into an investment account that earns interest of 8% compounded annually. Question: Rounded to the nearest whole dollar, what will be the balance in her account at the end of nine (9) years? Note: You may use the factor tables located in the appendix of your textbook or use the factor table links located at the bottom of this question. The factor table you select should open up in a new window on your computer. Answer: $ (Remember to round to the nearest whole dollar. Do not use commas or decimals in your response.)
Once per year Ritchie Rich deposits an amount of $800 in an account which pays 10% interest per year, compounded annually, with additional deposits of $800 continually made at the end of the year. If B, is the balance in the account, in dollars, immediately after Ritchie makes the nth deposit, then we can write B₁ = $800. (a) Complete the table to find the following. Report to the nearest $0.01. i) the balance, B, of the account on the day immediately after the second deposit. ii) the balance, B₁, of the account on the day immediately after the third deposit. iii) the balance, B₁, of the account on the day immediately after the fourth deposit 71 (Number of deposits) 1 2 OO B= $321158.22 (b) Suppose Ritchie makes 38 deposits. What is the balance of the account on the day immediately after the 38th deposit? 0 B$29923.47 B$29123.47 B= $264031.59 B, ($) $800 $ Number O B$291234.75 (It is more than $880.) $ Number S Number Q (c) Suppose Ritchie makes 438 deposits. Which is true about the…
Suppose that $10,000 is deposited into a saving account that earns 6% interest, compounded annually.a) Assuming that no additional deposits or withdrawals are made, use the appropriate compound interestfactors to determine how much the account will be worth:i) After 5 years;ii) After 20 years. b) Verify that your answers in part (a) are correct by constructing a table or spreadsheet that shows howthe initial deposit will grow each year over 20 years. At a minimum, your table or spreadsheet shouldinclude a row for each year and show: the amount of money in the savings account at the start of each year. the amount of interest earned each year; and the amount of money in the savings account at the end of each year, after interest is paid.Be sure to briefly explain how your table or spreadsheet verifies your results from part (a). c) Again assuming that no additional deposits or withdrawals are made, how many years will it take untilthere is at least $50,000 in the account?
Use the TVM Calculator to solve the following compound interest problem. Round your result to two decimal places as needed. Chris invests $14,000$14,000 in an account. The interest is compounded monthly at an annual rate of 9.2%9.2%. The ending account balance will be $24,262.99$24,262.99. How many years was the investment accruing interest?The investment was accruing interest for years.
Suppose that you will deposit $184 at the end of each month for the next 24 years into an account with an APR of 11% and monthly compounding. How much money will be in the account at the end of the 24 years? Round your final answer to two decimals. Show formula in Excel.
A student invests $1000 in a bank account that pays an interest rate of 3.25% compounded monthly. a) Develop a formula which will calculate the value of the investment (V) with respect to the number of compounding periods (n). b) Hence, or otherwise, use the formula you developed in part a) to calculate: • The value of the investment after 10 years • The time taken for the investment to reach $10 000
Suppose you want to have $600,000 for retirement in 25 years. Your account earns 4% interest. How muc would you need to deposit in the account each month? Submit Question /course/showcalendar.php?cid=179278 Search