unt balance of $10,000 after 5 years, what amount do you need to invest initially into an account that earns an APR of

Q: How much must you deposit into an account that pays 5% each year to have a balance of $750 after 5…

A: Using PV formula we can determine what amount you need to deposit into the account today. The PV…

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: Given information Future Value = $6000 Time Period =10 years *12= 120 periods(As periods are…

Q: How much will accumulate in an account with an initial deposit of $100, and which earns 10% interest…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…

A: Using excel PV function

Q: f you were to put $1,000 in the bank each year for the next 10 years at 6% interest, which table…

A: Future value of $ 1: This table is used to calculate the future value of a single amount invested…

Q: If you deposit $100 in a savings account at the end of each month for 2 years, the balance will be a…

A: Ordinary Annuity means a series of equal payments that are made over a fixed length of time at the…

Q: If I deposit $1k a year into an account for 10 years @ 2%, what is the future value of that account?

A: As per the time value of money, a dollar is worth more today than the same dollar in the future.…

Q: What is the future value of $1,000 in five years at 8% interest paid semi annually ? Paid quarterly?…

A: Future value is an amount reccievable in future(after certain period)  by investing today. Formula…

Q: You are considering investing $1,000 in a bank term deposit for 6 years. The term deposit will pay…

A: Solution: An amount invested somewhere, earns interest on it.  The amount initially deposited is…

Q: You deposit $700 at the end of each month into an account earning interest at an annual rate of r…

A: Future value of annuity Annuity is a series of equal payments at equal interval over a specified…

Q: how much money will be in the account? How much of it is interest?

A: Annuity payments are the fixed periodic payments that an investor or depositor makes into an…

Q: If you deposit $300 at the end of every month in a savings account that pays a nominal APR of 5% per…

A: Compounding refers to phenomenon of calculating interest where interest is added to the principal…

Q: you invest $10,000 in an account that earns an APR of 5% with monthly compounding, what will be the…

A: More is the compounding than more will be effective interest rate and more interest will collect…

Q: What will be your annual payment if you take nowa loan of $164,000 with annual equal repayments over…

A: Loan amount = $164,000 Loan period = 11 years Interest rate = 0.08 (i.e. 8%) Amount of annual…

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

A: formula to be used = Future value=PMT(1+r/n)n*t-1)/r/n   PMT= Monthly payment R= interest rate N=…

Q: If you were to make a deposit of $5,000 today in an investment account expected to pay 5% pa.…

A: The question is related to Time Value of money.When interest is calculated on total of previously…

Q: If you save $5 per day in an account that earns 4.5% interest per year, how long will it take for…

A: Time value of money (TVM) refers to the method used to measure the amount of money at different…

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: You deposit $400 at the end of each month into an account earning 3.7% interest compounded monthly.…

A: Future Value (FV) is a financial concept that represents the projected worth of a sum of money at a…

Q: Use the savings plan formula to answer the following question.   You put ​$300 per month in an…

A: Monthly investment = $300Interest rate = 2.5%Period = 17 years

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: How would you need to deposit in an account now in order to have $3000 in the account in 5 years?…

A: Given, Future Value = $3000 Time period = 5 years  Interest rate = 7% Compounding =  monthly

Q: Compute the future value of a $1500 deposit, after eight years, in an account that pays an interest…

A: Future value can be determined by compounding the present value.

Q: Suppose that you have good credit and can get a 30-year mortage for $100,000 at 5%. What is your…

A: A mortgage is a loan made usually for a property in which the collateral is the property itself.

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: You want to invest an amount today that will last for 8 years and allow you to withdraw $725 at the…

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

Q: You put $1,000 into a savings account today that offers a 55% APR with semi-annual compounding…

A: GIVEN, PV = $1000 N = 2 M = 2 (SEMI ANNUAL) R=55%

Q: You will need $46000 for a down payment on a house in 9 years. How much should you deposit in a…

A: Present value refers to the  current worth of the amount that is expected to be received in future…

Q: Calculate the present value of each of the following annulty amounts based on the reasonable…

A: Present value is a concept that states that the money that will be received in the future will be…

Q: Suppose you invest $160 a month for 6 years into an account earning 6% compounded monthly. After 6…

A: The future value (FV) formula is used in finance to calculate the future value of an investment.This…

Q: If you invest $1,000 in an account that pays an annual interest rate of 6.4%, compounded monthly,…

A: Computation:

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

A: FV is the future value (in this case, $10,000),P is the monthly deposit,r is the monthly interest…

Q: How much must be deposited today into an account earning 3% interest annually to support an annual…

A: Information Provided: Interest rate = 3% Annual withdrawal = $1800

Q: How much do you need to deposit into a bank in order to receive proceeds of $200,000 in 5 years if…

A: The equation is, PV=FV÷1+in Where, Present value is represented by PV Future value is represented by…