You invested $4,800 into an account.  Your balance is now $14,400.  Your compound annual rate of return was 4.65%.  How long ago did you open the account?   Question 4 options:   25.1 years   26.4 years   24.2 years   27.6 years   28.1 years

Q: Assume Bill Jones invested $2,696.01 into an account exactly one year ago. The account has an…

A: Details given are : Initial investment (Present value) = $2696.01 Time period = 1 year Interest rate…

Q: Suppose you borrowed $80,000 at a rate of 8.5% and must repay it in 5 equal installments at the end…

A: Given data; borrowed amount = $ 80,000 rate of interest = 8.5% number of payments = 5   First we…

Q: hn makes an Investment of 10900 into an account that pays Interest compounded annually. In addition,…

A: Future value of the money is the amount of deposit done and amount of interest accumulated over the…

Q: Intro You make a one-time investment of $400 and leave it for 5 years, earning an annual interest…

A:

Q: You deposit $ 6,957 in an account that pays 1 % simple interest. How much do you have after 12…

A: Deposit amount (P) = $ 6,957 Interest rate (r) = 1% Period (t) = 12 Years

Q: Assume you deposit $1,000 today in an account that pays 8 percent interest (compounded annually).…

A: Given: Present value = $1,000 Years = 4 Interest rate = 8%

Q: WHICH INVESTMENT IS BEST? You have your date of birth (DDMMYY) as the amount of money that can be…

A: Future value = whereFuture value = Amount at the end i.e amount at the end of year 3PV = Present…

Q: You have just started a new job and plan to seve $4,300 per year for 37 years until you retire. You…

A: Annual Saving = s = $4300 Time = t = 37 - 1 = 36 years        (because first deposit is made 1 year…

Q: You deposit $725 today in a savings account that pays 6% interest, compounded annually. How much…

A: Future value, or FV for short, is a term used in finance to describe the estimated monetary value of…

Q: Your current account balance is $16,500.  You invested $3,000 12 years ago.  What rate of return did…

A: Present value (PV) is the current value of a future payment or a stream of future payments,…

Q: A person opens a bank account with a deposit of $150 what is the future value of this amount after 3…

A: In the Given Question we are required to calculate the future value of $150 deposited today for 3…

Q: Sarah invests $900 into her bank account with an annual interest rate of 3.5%. Using the Rule of 70…

A: Using the famous and the popular approximation rule of 70, we have to find the time taken by an…

Q: You deposit $2,000 one year and $1000 next year starting year 1 until year 30 with an interest rate…

A: The given problem is calculated using Excel. Interest amount = Opening balance X interest rate…

Q: What is the future value of $4,500 that you put into an account at 5% interest for 15 years?…

A: Future value = it the Part of Time value of money.  Future value is the value of asets as on the…

Q: You invested 15,334.80 into an account that pays 4.40% interest.  How much money will you have in 17…

A: Future value (FV) is the value of an investment or cash flow at a specific point in the future,…

Q: Kim Baker invested $250 at the end of every 3-month period, for 5 years, at 8% interest compounded…

A: If money has been deposited in an account at the beginning of every period for a specified duration…

Q: Your best friend opened an investment account with a deposit of $157 73 today. They will continue to…

A: Making knowledgeable investment decisions is made easier with future value computation. People can…

Q: Your current account balance is $7,500.  You invested $6,300 5 years ago.  What rate of return did…

A: Answer) Future value = P×(1+r)^n r is interest rate P is amount n is years Given: Future value =…

Q: Find how much money needs to be deposited now into an account to obtain $4,400 (Future Value) in 12…

A: Given: Future Value =$4400No. of years (t) =12 yearsInterest rate (r)=5.5% per year==0.055Compounded…

Q: If you deposited $1,500 into a savings account today, which pays 5% interest and left it alone for 7…

A: INFORMATION: RATE 5% YEARS 7 PMT (MONTHLY DEPOSIT) 0 PRESENT VALUE $1,500

Q: Starting today, Jamie deposits $100 in a savings account at the beginning of each month. If the…

A: Here,Monthly Deposits is $100Interest Rate (r) is 6%Time Period (n) is 6 yearsCompounding Period (m)…

Q: A. Assuming that no withdrawals or deposits are made, write an equation that models the account…

A: Future value is the value that will become after some years when invested somewhere. It is the value…

Q: You invest $X today, withdraw $1,000 in 4 years, deposit $3,000 in 5 years, and withdraw the entire…

A: The principle of time value states that money presents today may have different purchasing value in…

Q: How long will it take $47,000 placed in a savings account at 10% interest to grow into $72,000? OA.…

A: Future value of money is the amount of deposit done and amount of compounded interest accumulated…

Q: Answer the following time value of money questions assuming the interest rate is 5 percent. a. What…

A: Present Value is the current price of future value which will be received in near future at some…

Q: A person deposits 200$ at the end of first, 300$ at the end of second and with draw 150$ at the end…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Suppose that you deposited $1000 in your savings account that earns 10% annual interest. How much…

A: Present Value in account = $1000 Annual interest rate = 10%  Time period = 3 years

Q: You decide to provide yourself with a retirement account by depositing X into an account at the…

A: An immediate annuity is an ordinary annuity where the payments start immediately after being…

Q: Hannah deposits OMR 500 in an account earning 5% compounded half yearly. What will be the interest…

A: The answer is option (b.) [OMR 109.20] Refer step 2 for explanation

Q: Suppose you borrowed $45,000 at a rate of 8.4% and must repay it in 5 equal installments at the end…

A: First we will calculate the amount of installment with the help of following formula Installment =…

Q: 1. In a bank account that pays interest 2% p.a, what should you deposit now to have a balance of…

A: Future value is the amount that existing assets are worth at a specific future date after they have…

Q: You have decided to start saving for retirement. You plan to work for 35 years and then retire.…

A: Retirement planning is a means of planning to achieve financial independence in the future and to…

Q: For the next 13 years, you will deposit $2,250 every quarter in a savings account. The account pays…

A: Future value of an annuity is the total value of a series of equal payments made at regular…

Q: Question Help ▼ You plan to deposit $800 in a bank account now and $500 at the end of the year, If…

A: given, rate =3% year cashflow 0 $800 1 $500 future value formula: future value =present…

Q: Part 1: Data Tables You have decided to start saving for retirement. You plan to work for 35 years…

A: Retirement planning is a means of planning to achieve financial independence in the future and to…

Q: You are opening an investment account that will earn 6.5% compounded annually.  You will invest…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: You have an investment account that started with $4,000 10 years ago and which now has grown to…

A: (a)  Holding period return = (Investment at end - Investment at beginning) / Investment at beginning…

Q: If you deposit $2,000 into an account at the end of each of the next 40 years, at 4.5% interest, how…

A: It can be solved using  In excel FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate for the…

Q: If you would like to invest money, which bank offer would you prefer if you do not plan to withdraw…

A: Compound interest: The amount of interest received or earned for multiple-interest time periods, on…

Q: Jasmine deposits 1000 into a savings account paying nominal interest rate of 6 percent compounded…

A: Here,Deposit Amount (PMT) is $1,000Nominal Interest Rate (r) is 6%Time Period (n) is 20…