How much would you have to deposit now to have $15,000 in 8 years if interest is 7%?

Q: What is the present value of $30,000 you will receive 7 years in the future, ass

A: The present value is equivalent value of money to be received today that will be equal to money to…

Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 5% interest. How…

A: The retirement amount after 25 years (FV) is $700,000. The period is 25 years. The rate of interest…

Q: Suppose you are offered an investment that will allow you to double your money in 9years. You have…

A: Present value is an estimate of the present value of future cash values ​​that may be received at a…

Q: ould you have to deposit now to have

A: Present value would be equivalent value today required to be deposited today to receive that much…

Q: You would like to save $250,000for retirement. If you are planning to retire 30 years from now, how…

A: The monthly deposit is the amount that is paid every month until the maturity of the period.

Q: How much must be invested today to have $1,000 in two years if the interest rate is 5%? please show…

A:

Q: How much will you have in 40 years if you save $3,000 each year and your account earns 8% interest…

A: In the given question we require to calculate the future value of payment made every year of $3000…

Q: You would like to have $800,000 when you retire in 30 years. How much should you invest each quarter…

A: Amount required (FV) = $800,000 Quarterly interest rate (r) = 0.005 (i.e. 0.02 / 4) Number of…

Q: Imagine that you have $8,000 to invest for 19 years. How much more interest will you earn if you…

A: Interest is the cost of borrowing or lending money.

Q: Suppose you put $ 525 a month for retirement into an annuity earning 5.25% compounded monthly. If…

A: An investment decision may involve regular cashflows of equal amount during successive years in…

Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 6% interest. How…

A: Using excel PMT function = PMT(rate,nper,pv,fv)

Q: You would like to have $100,000 in 10 years’ time. How much should you save each year if the…

A: The future value = $100,000 Time period = 10 years  Interest rate = 5%

Q: How much should you pay today for a 10 year annuity that will provide annual payments of $10,000?…

A: Annual payment = $10,000Interest rate = 4%Period of annuity = 10 years

Q: If you invest $600 today at a rate of 14%, how much will you have in the account after 15 years?…

A: Present Value = pv = $600Interest rate = r = 14%Time = t = 15 years

Q: At 5 percent interest, how long would it take to double your money if you have $5,000 today?

A: Present value (PV) = $ 5000 Future value (FV) = 5000*2 = $ 10000 Interest rate (r) = 5%

Q: How much money do you have to put into a bank account that pays 10% interest compounded annually to…

A: Present value is the today's value of the investment.

Q: How much do I need to save each year to have $50,000 in 15 years at an interest rate of 12%?

A: Future value of annuity is the future value of the series of periodic cash flows.   Future value of…

Q: Imagine that you have $8,000 to invest for 19 years. How much more interest will you earn if you…

A: When we are investing into particular security, the value of it increases over the period of time.…

Q: How much do you have to deposit today so that beginning 11 years from now you can withdraw ​$15,000…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: Suppose you invest $1,000 in an account paying 10% interest per year. How much will you have in the…

A: In this question future value is to be find out. Future value is the value of an asset which grows…

Q: How much would you have to deposit today if you wanted to have $60,000 in four years? Annual…

A: Present value: It can be defined as today’s value of the sum of money that will be received by the…

Q: If a financial planner promised to pay you $100000 a year forever, what is the maximum amount of…

A: Given information: Promised to pay $100,000 Interest rate is 5%

Q: What is the difference between simple interest and compound interest? Suppose you have $500 to…

A: Difference between Simple Interest and Compound interest Simple Interest is the interest that one…

Q: How much would you have to deposit today to have $10,000 in five years at 6% interest discounted…

A: Following details are given to us in the question : Future value after five years = $10000 Time…

Q: How much would you have to pay each year to pay off a 5%, 7-year loan of $300,000?

A: In the given question we require to calculate the annual payment to pay off the loan of $300000 in 7…

Q: what annual interest rate must you get if you need $7000 in 4 years and have $5000 to invest now

A: Invest = $ 5000 Future value = $ 7000 Period = 4  Years

Q: What would your investment account be worth in 23 years if you currently have $7,000 saved and plan…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

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: Suppose you have an opportunity to buy an annuity that pays $3,500 at the end of each year for 6…

A: Present Value of Annuity=Annuity×1-11+ratetimerate

Q: How much money will you have in 8 years if you invest $13,000 at a 4.6% annual rate of interest…

A: Present value refers to the concept of time, value, and money used for calculating the current value…

Q: An investment opportunity requires that you deposit $1000 a year for 5 years. At the end of this…

A: Using excel PV and FV function

Q: How much do you have to deposit at the end of each year if you need $ 2856 in 4 years, assuming k =…

A: The Amount to be deposited each year for 4 years at the end of each year shall be computed as above.

Q: You've saved $600,000 for your retirement in an account that has a 8% interest rate, and you plan to…

A: Today value=PV=$600000Annual withdrawal=$60000Interest rate=r=8%

Q: If you put $200,000 into your investment account now for 10 year at 5% annual interest, what is the…

A: Simple interest and compound interest are two different methods used to calculate the interest on a…

Q: If you borrow $3000 at 14% simple interest for 10 months, how much will you owe in 10 months? How…

A: Simple interest = A × R × T  Here A = Amount borrowed '         R = Rate of interest          T =…

Q: Suppose you want to have $500,000 for retirement in 25 years. Your account earns 9% interest. a) How…

A: An annuity is a series of equal payments made at regular intervals. It accumulates interest on a…