Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You deposit $27,000.00 in an account that pays 4% compounded annually and immediately start making with withdraws each year for the next 2 years. How much can you withdraw each year?
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- You deposit $87000 into an account which pays 4% compounded quarterly. You leave the money in the account for 10 years. At the end of the 10 years, you plan to immediately start making quarterly withdrawals. You want to be able to make a total of 20 quarterly withdrawals. What size withdrawals can you make?You can make quarterly withdrawls of $. (Round to 2 decimal places.)arrow_forwardYou deposit $78000 into an account that pays 5% compounded quarterly. You leave the money in the account for 5 years. At the end of the 5 years, you plan to immediately start making quarterly withdrawals. what size withdrawals can you make if you only have 20 times to withdraw?arrow_forwardYou deposit $100 at the end of each month in a bank account that earns 6% interest compounded monthly what will the balance be after five yearsarrow_forward
- You decide to save $6800 by making semiannual deposits for 5 years into an account which pays 3% compounded semiannually. Once the payments stop, you plan to leave the money in the account for an additional 5 years. What size deposits do you need to make?The deposits need to be $ every six months. (Round to 2 decimal places.)arrow_forwardYou would like to have $37,000 in 5 years for the down payment on a new house following college graduation by making deposits at the end of every three months in an annuity that pays 4.25% compounded quarterly. How much should you deposit at the end of every three months? How much of the $37,000 comes from deposits and how much comes from interest?arrow_forwardYou deposit $83000 into an account which pays 6% compounded semiannually. How much can you withdraw at the end of every six months forever?arrow_forward
- You wish to save $51000 in an account which pays 4% compounded monthly by making semiannual deposits for 10 years. What is the amount of the deposits? $ (Round to 2 decimal places.) Submit Questionarrow_forwardYou want to save 10,000 for a down payment on a home by making regular monthly deposits over 4 years. Take the APR to be 7.5%. How much do you need to deposit each month?arrow_forwardJill wants to make a few deposits so that she can withdraw $5000 per year at the end of each year for the next 15 years. A deposit of X is made a year from now, a second deposit of 2X is made at the end of year 4, and a deposit of (X/2) is made at the end of year (5+4). What is the amount of X if the goal is to empty the account? Use 6% interest.arrow_forward
- You deposit $470 each week into an account earning 2.3% interest compounded weekly. a) How much will you have in the account in 35 years? b) How much total money will you put into the account? c) How much total interest will you earn?arrow_forwardYou deposit $96000 into an account which pays 7% compounded semiannually. How much can you withdraw at the end of every six months forever?arrow_forwardSuppose you deposit $3600 to open an account that earns 6% interest compounded monthly. You are trying to save money and find that you are able to put away an additional $50 each month. Write a recursive formula to show the amount of money you will have in the account at the end of each month.arrow_forward
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