You need to have $50,000 in a bank account 28 years from today. Assume APR is 12% and monthly compounding. How much money must be in the account 6 years from now assuming no other deposits or withdrawals? $4,132.12 $2,093.46 $3,709.32 $3,615.16 $5,836.23

Q: You just deposited $1,500 in a bank account that pays a 6.0% nominal annual interest rate,…

A: The objective of this question is to calculate the future value of a series of deposits in a bank…

Q: 7. Assume that today you made an initial deposit in the amount of $16,000 into a savings account…

A: Future value of an initial deposit paying simple interest is calculated using following equation…

Q: A person deposits an annual amount into a savings account that decreases at a constant rate of $ 500…

A: Here, First Deposit is $10,000 Constant Decrease in payment is $500 Interest Rate is 15% Last…

Q: You have $11,300 to invest for three years. Your bank offers interest 5.5% per year, compounded…

A: In case of Continuous compounding,Future Value = Present value x e^(r*t)wherePresent value = Amount…

Q: f you deposit $1,000 now, $3,000 four years from now followed by five quarterly deposits decreasing…

A: The future value is the future worth of the amount that will be paid or received at future.

Q: You have $200.00 in your bank account today. Your bank offers a nominal annual rate of 16%,…

A: Information Provided: Present value = $200 Interest rate = 16% compounded quarterly Term = 8 years

Q: What lump sum of money must be deposited in a bank account at present time so that P 500 monthly can…

A: An annuity is a sequence of payments or deposits occurring at equal intervals of time for a given…

Q: You wish to accumulate $60,000.  You make 14 quarterly deposits into a savings account with an…

A: Amount required (F) = $60,000Number of deposits (n) = 14Quarterly interest rate (r) = 0.12Amount of…

Q: What lump sum of money must be deposited into a bank account at the present time so that $500…

A: Monthly withdrawals six years from now is $500 Time period of withdrawal is 5 years interest rate…

Q: ying a ye er 10 yea 30.000?

A: Formula to calculate the present value or the amount to be deposited today is: P = A/(1+i)^n Where P…

Q: You put $280 in the bank for 5 years at 8%. A. If interest is added at the end of the year, how…

A: Future value is directly proportional to the interest rate. If the interest rate is higher the…

Q: compounded

A: Formula to calculate preset value: PV = FV/(1+r/n)^nt Where PV is the present value, FV is the…

Q: Suppose a bank pays you 2% annual interest compounded quarterly. You deposited $2,350. How much will…

A: Computation:

Q: If you wish to accumulate $246,000 in 17 years, how much must you deposit today in an account that…

A: Future Value = fv = $246,000Time = t = 17Interest rate = r = 15%

Q: You put $1, 000 into a savings account today that offers a 5% APR with semi-annual compounding…

A: Number of period is 4 (2 x 2).

Q: An investment account returns 2.81% annually. You want to withdraw $ 9,000 each year for the next 9…

A: The present value of an annuity is the value today of a series of equal payments made at fixed…

Q: How much will the account contain after 9 years and 3 months? How much interest will be earned?

A: Deposit amount = $600  Interest Rate = 5±70 compounded quarterly i.e 4.3 or 5.7 compounded quarterly…

Q: You just deposited $15,000 in a bank account that pays a 4.0% nominal interest rate, compounded…

A: The future value can be calculated using the following formula

Q: You deposited BDT 120,000 in a bank account 7 years ago. The bank had been giving you 12% interest…

A: Amount deposited 7 years ago = 120,000 Interest rate 7 years ago = 12%  That is compounded quarterly…

Q: will be making end of month deposits of $800 into the account for 12.5 years. How much will you need…

A: The future value is an estimate of how much money you will have in the future from investments or…

Q: How long will it take to save $2581.00 by making deposits of $227.00 at the end of every month into…

A: Amount to be saved is $2581.00 Interest rate is 7% compounded monthly Monthly deposit $227 To Find:…

Q: How much should be deposited now into an account earning 8.4 % interest per year, compounded every 6…

A: Compound = 6 months = Semiannually = 2Interest Rate = r = 8.4 / 2 = 4.2%Payment = p = $1500Time = t…

Q: Your goal is to accumulate $60,000 in seven years' time.  What monthly deposit must you make into a…

A: Interest rate per month = 12%/12 = 1% per month Time period = 7 years * 12 = 84

Q: Find the equivalent present worth of the cash receipts in the accompanying diagram, where i = 8%…

A: We know that the formula to calculate the present value is I/(1+i)n, where I is the cash flow that…

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: Suppose you deposited $41,000 in a bank account that pays 5.75% with daily compounding based on a…

A: The objective of this question is to calculate the future value of a deposit in a bank account with…

Q: Suppose you walk into a bank and want to make a 10-year deposit. Bank manager tells you that the…

A: Annual deposits = $10,000Period = 10 yearsInterest rate = 5%

Q: in order to withdraw $200, 000 two years now, how much do you need to deposit to in a bank account…

A: Future value required=$200000Period=2 yearsInterest rate is 6%Compounding quarterly.

Q: You currently have $4,000 in a bank account that pays an annual rate of 1%, compounded monthly.  You…

A: Dear student, we need to use NPER formula to calculate number of periods(N) in excel.

Q: A bank features a savings account that has an annual percentage rate of r = 5.8% with interest…

A: (A) n=p/yt Given t=10 years (p/y)=4 (since interest is compounded quarterly)

Q: 1. If you deposit $28,688 annually at the end of every year in a bank account paying 5% annually,…

A:

Q: Suppose you invest $19,640.00 into an account earning an interest rate of 2.399% compounded…

A: Future value of continuous compounding = Present Value *e^(rate*Term)

Q: Calculating deposit needed You put $7,000 in an account earning 7%. After 2 years, you make another…

A: The objective of the question is to find out the amount of the deposit made at the end of year 2.…

Q: 27. You hope to accumulate an account balance of $20,000 in 4 years by making a single deposit…

A: We need to calculate the amount to be deposited today - present value (PV)Future Value (FV) =…

Q: Each month you put $69.60 into the bank, with an APR of 3%, how much with you have after 10 years.…

A: We will make use fo the financial calculator to calculate the FV. Inputs are: n = number of periods…

Q: uppose you deposit $1,681.00 into an account today that earns 11.00% p.a. It will take years for the…

A: Future value of the money is the amount deposited and the amount of compounding interest accumulated…

Q: What lump sum of money must be deposited into a bank account at the present time so that ​$600 per…

A: Monthly withdrawal (C) = $600 Monthly interest rate (r) = 0.0025 (i.e. 1 / 400) Number of monthly…