What quarterly deposits should Daniella make in order to save $50,000 in 15 years if money can earn 10% compounded semi-annually

Q: jose has determine dhe need to have $800000 for retirment in 30 years. His account earns 6%…

A: Amount need to be deposited in the account each month can be calculated using the formula of future…

Q: how much must brix save in his account at the end of each month in order to have 125,000.00 at the…

A: Monthly Compounding Interest Rate = 5.88%/12 = 0.49% per month Time Period = 5 years × 12 = 60…

Q: How much should Emmi expect to get after 5 years if she invest n$ 500.00 in today? this with an…

A: Investment = $ 500 Annual interest rate = 3% Period = 5 Years

Q: Ava Darling plans to buy a home and can deposit $1,772 per year for the next 5 years.. If the annual…

A: To calculate the future value of Ava Darling's deposits for the down payment, we can use the future…

Q: Susan Orman wants to pay $1500 semiannually to her granddaughter for 10 years for helping her around…

A:

Q: ane needs $30,000  to buy a new car in four years. How much should she deposit at the endof each…

A: We will use the concept of time value of money here. The concept of time value of money states that…

Q: One month from​ now, Kelly will make her first monthly contribution of ​$250 to a​ Tax-Free…

A: Future value = $55,000Interest rate = 7% compounded annuallyMonthly contributions = $250

Q: What is the amount of money you would need to invest per month over 18 years at 3% interest…

A: The monthly investment over 18 years is equal to the total cost of $44,672. It is assumed that the…

Q: If I save up to go on a family vacation in five years and invest $2300 into account with an annual…

A: Compound interest is a powerful concept in finance that describes the process of earning interest…

Q: Julie deposits $600 at the end of each month into her savings account. If the amount earns 5.25%…

A: In finance, the term annuity depicts a sequence of cash flows over a specific time duration. Each…

Q: kelly would like to save 18000 in six years, how much does she need to deposit today into an…

A: Final amount to be saved= 18000Time(n)= 6 years Interest rate(r)= 7.5%(compounded annually)

Q: When Jasmine retires she has $950,000 in a retirement account that earns 6% annual interest,…

A: Using PMT function in excel

Q: How much money should Mohammed and Fatima deposit annually for 20 years in order to provide an…

A: Let the annual deposit required for 20 years be A. Now, the accumulated value after 20 years will be…

Q: How much money should Abigail invest today into a fund that earns interest at 3.75% compounded…

A: Since interest rate is compounded quaterly and payment of annuity is made semi annually, we need to…

Q: If Phil borrows $40,000 from a loan company at an interest rate of 6.5% per year compounded weekly,…

A: Here, Loan amount = $40,000 Quarterly payment of the loan = $800 Interest rate = 6.5% compounded…

Q: Assuming a 6% interest rate, how much would Jennifer have to invest now to be able to withdraw…

A: Given data: Discount rate = 6% p.a. Time = 10 years Annual withdrawl = $9,000

Q: How much should Ester save today if he wishes to obtain n$ 629.00 in 5 years time? He expects to…

A: Future value = $ 629.00 Period = 5 Years Annual interest rate = 70%

Q: How much should John save today if he wishes to obtain n$ 547.00 in 5 years time? He expects to earn…

A: John should save today if he wishes to obtain n$ 547.00 in 5 years time if he expects to earn 3%…

Q: my Jolly deposited $2 000 in a savings account.  The annual rate is 10 per cent   compounded…

A: The future value of money includes the money deposited and interest accumulated over the period of…

Q: How much should Manvir have in a savings account that is earning 3.50% compounded semi-annually, if…

A: Present value of an investment is the sum total value of all deposits in today's period that are…

Q: In 20 years, Hannah would like to have $30,000 in an account that earns 4.2% compounded monthly. How…

A: In the given question we need to compute the Deposit today so that Hannah will have $30000 at the…

Q: Sharon has  an account that starts at $5,800. She  add $100 to it each month. It earns 7.4%…

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

Q: How much should Brianna have in a savings account that is earning 2.50% compounded semi-annually, if…

A: We need to use present value of ordinary annuity formula to calculate amount in account today to…

Q: Bro decides to take out a loan for $50,000 for 5 years at 7% monthly. If he pays an extra $200 per…

A: Installment is the periodic amount paid by the borrower to the lender in order to pay back the loan…

Q: p 5 1 nces Mc raw Saved Consider the following cash flows of two mutually exclusive projects for…

A: Step 1: Given data: Discount rate: 8%Cash flows: Year | Dry Prepreg | Solvent Prepreg 0 |…

Q: Mary just deposited $33,000 in an account paying 10% interest. She plans to leave the money in this…

A: In  the given question we require to compute the amount mary will have in account at the end of…

Q: How much will Sarah save in a money market account earning 5.2% interest per year if she opened the…

A: Annuity refers to a stream of constant and usually fixed cash flows. Here the monthly deposit of…

Q: Poonam wants to invest in an account today to have S4000 at the end of 8 years. If she can invest at…

A: As per the given information: Amount (A) = $4,000 Rate (r)= 4.25% Period (t) = 8 years To determine:…

Q: In 6 years Dawn wants her current savings of $3700 to grow to $7300? What per annum rate, compounded…

A: Current saving (P0) = $3700 Future value after 6 years (FV) = $7300 Annual rate (r) = ? Period (p) =…

Q: The Flemings will need $80,000 annually for 20 years during their retirement. How much will they…

A: The present value of the annuity is the current value of a series of annuity payments.It shows the…

Q: how much interest will i earn on $200 deposited in an account that pays 5.75% interest annually if i…

A: Given that: Initial deposit amount = $200 Interest rate = 5.75% Period = 1 year

Q: How much should Timothy's dad invest into a savings account today, to be able to pay for Timothy's…

A: Solution:- When an equal amount is deposited each period at beginning of period, it is called…

Q: Hannah places $ 5500 into an account earning 8% interest compounded continuously, how much will she…

A: Given: Amount = $5,500 Interest = 8% Time = 13 Years

Q: Alyssa has $800,000 saved for retirement in an account earning 2.2% interest, compounded quarterly.…

A: The Present Value of Ordinary Annuity refers to the concept which gives out the discounted or…

Q: Debra Moore needs $20,000 3 years from now. How much should she invest today in order to reach her…

A: Answer : Future value = $20,000 Interest rate = 6% n = 3 Years Calculation of Present value :…

Q: Mary wants to have $14000 for a trip to Mexico in five years. How much does she need to deposit at…

A: The future value of annuity would be considered the value accumulated in future with a view to…

Q: In 7 years Harry and Sally would like to have $20,000 for a down payment on a house. How much should…

A: A down payment seems to be a monetary payment made at the start of a purchase deal. It is frequently…

Q: Hannah wants to have $1500 to help pay for a new deck in 13 years. If she wants to put her money…

A: Present Value = Future value / e^rt Where r = 8.50% t = 13 years