You are scheduled to receive $14,500 in three years. When you receive it, you will invest it for nine more years at 9.75 percent per year. How much will you have in twelve years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Amount 33,497.22

Q: You are scheduled to receive $19,000 in two years. When you receive it, you will invest it for six…

A: Present value means today's value of the future value of money. It means that the present time…

Q: if you invest $10,000 per year at the end of each year for three years at in 6.7% rate of return…

A: Future Value Annuity = PMT×Where:FV - future value of the annuity.PMT - annual payment r - annual…

Q: An insurance settlement of $1.5 million must replace Trixie Eden's income for the next 35 years.…

A: Present value (PV) = $1,500,000 Interest rate = 7.5% Monthly interest rate (r) = 7.5%/12 = 0.625%…

Q: Assume that you contribute $150 per month to a retirement plan for 20 years. Then you can increase…

A: Future value refers to the value an investment or cash flow is expected to grow to at a specific…

Q: You have 45,589.25 in a brokerage and you to deposit an additional 5,000 at the end of every future…

A: Time value of money concept will be applied here. Money deposited in an account grows as the amount…

Q: You expect to receive $10,500 at graduation in three years. You plan on Investing it at 12% until…

A: One of the important concept in finance is about time value of money. As per this concept, a dollar…

Q: If you borrow $15,500 with a 5 percent interest rate to be repaid in seven equal payments at the end…

A: Answer of the given question is below with the proper explanation. Note-final answer is rounded at…

Q: How much must you deposit into an account today so that you can have $25,000 in twelve years? Assume…

A: The concept of TVM refers to the interest-earning capacity of money because money earned earlier is…

Q: If you have $4500 to invest now, and will need a total of $25,000 -- 10 years from now, determine…

A: Amount available now (PV) = $4500 Period = 10 Years Monthly period (n) = 10*12 = 120 Interest rate =…

Q: What amount must be set aside now to generate payments of $30,000 at the beginning of each year for…

A: Annual payment (P) = $30,000 Interest rate (r) = 5.52% Period (n) = 10 Years

Q: (Comprehensive problem) You would like to have $59,000 in 15 years. To accumulate this amount, you…

A: Annuity is the series of equal cash payments over the period.

Q: (Comprehensive problem) You would like to have $57,000 in 13 years. To accumulate this amount, you…

A: Here,ParticularsValuesFuture value (FV) $  57,000.00Number of years (NPER)13.00Interest rate…

Q: (Comprehensive problem) You would like to have $52,000 in 15 years. To accumulate this amount, you…

A: An ordinary annuity can be seen as a certain set of regular payments or deposits made to either…

Q: (Comprehensive problem) You would like to have $52,000 in 12 years. To accumulate this amount, you…

A: Future value = $52,000Period = 12 yearsInterest rate = 10% compounded annually

Q: For $5,000, you can purchase an ordinary annuity that will pay you $920.23 each year for 8 years.…

A: The annuity is the periodic payment received in each period. The present value is the discounted…

Q: Five years from today, you plan to invest $5,050 for 7 additional years at 7.9 percent compounded…

A: The worth of a present asset at a future date based on an estimated rate of growth is known as…

Q: If you invest $10,000 per year at the end of each year for 3 years at an 5.5% rate of return, you…

A: Future Value of anuity = P * [ { (1 + r )n -1 } /r ] where, P =  periodic payment r = interest rate…

Q: You have $20,800.51 in a brokerage account, and you plan to deposit an additional $3,000 at the end…

A: The number of years required to accomplish the goal can be find out by using the future value of…

Q: You can invest $5,000 today in an account that earns an annual interest rate of 8%. Using the…

A: In the given case, we have provided the current investment or initial investment, annual interest…

Q: If you deposit ​$3,500 today into an account earning an annual rate of return of 11 ​percent, what…

A: Deposit today (P0) = $3,500 Annual rate of return (i) = 0.11 Period (p) = 40 years Account worth in…

Q: 22) An investment pays you $5,000 at the end of each of the next five years. Your plan is to invest…

A: The amount after 5 years can be computed using the future value formula.

Q: You want to have $67,000 in your savings account 10 years from now, and you're prepared to make…

A: Payment per period is the regular payments made or received of an investment, while future value is…

Q: ou want to have $1,970,000 at the end of 22 years. You have $6,000 to invest now, and you will…

A: Future value includes the amount of deposits made and the amount of compounding interest accumulated…

Q: ) I will invest P15,000 per quarter for my retirement at 7.3% compounding quarterly for 10 years. I…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: You have accumulated $1,793,836 for your retirement. How much money can you withdraw for the next 14…

A: Given that:Accumulated amount=$1793836Years=14Rate=9.90 % per year(Compounded annually)

Q: You plan on saving $15,200 this year, nothing next year, and $17,500 the three years after that. You…

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

Q: You will receive a cash flow 8 years from now and at the end of every year after that in perpetuity.…

A:

Q: You deposit $57000 into an account which pays 7% compounded annually. How much can you withdraw at…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: You are scheduled to receive $27,000 in two years. When you receive it, you will invest it for 7…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: Assume you receive $240,000 in five years and the annual interest rate is six percent. Factors for a…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

Q: You choose to invest your $3,435 income tax refund check (rather than spend it) in an account…

A: Investment (PV) = $3,435 Interest rate (r) = 6% Period (t) = 30 Years

Q: A person is considering entering into an agreement with an investment company to deposit $1000 into…

A: The FV of an investment refers to the combined worth of the cash flows of the investment at a…

Q: Suppose you make a one-time $ 8,000 investment into an account that yields a 12% annual return. If…

A: The FV of an investment refers to the total value of its cash flows at a future date assuming that…

Q: You found out that now you are going to receive payments of $9,000 for the next 11 years. You will…

A: Annual Payments = $9,000 Time period = 11 years Annual interest rate = 11%

Q: Mr. Bee will deposit $1,500 every year, earning interest rate of 9% compounded annually, the first…

A: Annual deposit (P) = $ 1500 Annual interest rate (r) = 9% Number of annual deposits (n) = 10

Q: Find the present value of an annuity of $3000 per year at the end of each of 6 years after being…

A: The Present Value of Deferred Annuity refers to the concept which dictates the discounted value of a…