You plan to deposit $2,300 per year for 5 years into a money market account with an annual return of 2%. You plan to make your first deposit one year from today. Assume that your deposits will begin today. What amount will be in your account after 5 years? Do not round intermediate calculations. Round your answer to the nearest cent.

Q: You need to accumulate $10,000. To do so, you plan to make deposits of $1,300 per year - with the…

A: Here we are given the following: future value (fv) = 10,000 periodic payment (or annuity i.e. P) =…

Q: You decide to make annual deposits of $300.00 for 12 years into an account which pays 5% compounded…

A: Annual deposits = $300 Time duration = 12 years Interest Rate = 5%  The future value of the annuity…

Q: How much would be in your savings account in seven years after depositing S290 today if the bank…

A: Future value is the value of current cashflow compounded at specified rate to future date. formula:…

Q: Suppose you currently have $20,000 and plan to purchase a 8-year certificate of deposit (CD) that…

A: Using the Future value and NPER function in excel

Q: enny puts $200 into a savings account today, the account pays an annual interest rate of 5%, but…

A: PV = 200, N = 1, rate = 5%/2, PMT = 0 use FV function in Excel balance in the account after 6 months…

Q: If you deposit $5,000 in a bank account that pays 6% interest annually, how much will be in your…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

Q: You have $35,009.41 in a brokerage account, and you plan to deposit an additional $5,000 at the end…

A: According to the time value rule, dollar money available today is worth more than the same dollar…

Q: You plan to deposit $4,000 today, $2,000 in one year and $4,000 in two years into an account earning…

A: Here, Deposit Amount  today (D0) is $4,000 Deposit Amount in One Year (D1) is $2,000 Deposit Amount…

Q: You plan to deposit $4,900 at the end of each of the next 15 years into an account paying 11.3…

A: Solution- Given that P=$4900 r=11.3% n=15 years Future value of Annuity- =P * [ (1+r)^n -1] /r

Q: You plan to make five deposits of $1,000 each, one every 6 months, with the first paymentbeing made…

A:

Q: Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2, $750 at the end of…

A: Here, Interest rate =15% compounded annually To Find: Future value at the end of 5 years =?

Q: You want to have $2,000,000 in your savings account seven years from now, and you're prepared to…

A: Given: Future Value of investment "FV" = $2000000 Number of payments "n" = 7 Interest rate "r" =…

Q: You are planning to save for retirement over the next 35 years. To do this, you will invest $770 per…

A: Amount in stock account after 35 years: Monthly deposits=$770 Number of years=35 Rate of…

Q: You have $22,241.93 in a brokerage account, and you plan to deposit an additional $4,000 at the end…

A: Present Value = $22,241.93 Future Value = $220,000 Interest Rate = 10% Periodic Payment = $4,000

Q: You are planning to save for retirement over the next 30 years. To do this, you will invest $750 per…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: Starting at the end of this year, you plan to make annual deposits of $7,000 for the next 10 years…

A: MS-Excel --> Formulas --> Financials --> FV

Q: You plan to deposit $900 PER YEAR into an account earning 5.25% interest compounded annually. How…

A: Since you posted multiple questions ,we will solve the  second page last question for you. if u want…

Q: You plan to deposit $100 at the end of every quarter (3 months) for 8 years starting at the end 8f…

A: Compound interest is the nothing but an interest on a deposit computed on principal amount and the…

Q: You deposit $1,800 into a 9% account today. At the end of two years, you will deposit another…

A: Deposit now = $ 1800 Interest rate = 9% Deposit 2 years from now = $ 3000 Purchase 5 years from now…

Q: If you deposit $8,000 in a bank account that pays 4% interest annually, how much will be in your…

A: Deposit=$8000Interest rate=4%Number of years=5

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 will deposit $2,000 per year for the next 10 years. Then, you will start drawing money out of…

A: Future value is the value of the present cash flows in future. Investor will deposit same equal…

Q: You have just deposited $9,500 into an account that promises to pay you an annual interest rate of…

A: GOAL (FV) 27940 INTEREST RATE 6.20% YEARS 8+12=20 PMT 0 PV 9500

Q: You plan to deposit $2,300 per year for 5 years into a money market account with an annual return of…

A: Annual deposit is $2,300.Total number of deposits is 5.Annual return is 2%.The below expression can…

Q: You plan to deposit $500 in a bank account now and $600 at the end of the year. If the account…

A: Solution: The amount in account after second deposit will be the future value of first deposit and…

Q: You plan to deposit $1,500 per year for 4 years into a money market account with an annual return of…

A: Future value of annuity=C×1+in-1iC=Cash flow per periodi=Interest raten=Number of payments

Q: How much would be in your savings account in seven years after depositing $290 today if the bank…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: You plan to make annual deposits of $5,000 per year at the beginning of each year into your…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: How much do you have to deposit today so that beginning 11 years from now you can withdraw 10,000 a…

A: Amount deposit today is calculated by adding the present value of all the cash flows.

Q: You plan to deposit $100 at the end of every quarter (3 months) for 8 years starting at the end of…

A: Quarterly deposit (Q) = $100 Number of deposits (n) = 8 years = 32 quarters r = 8% per annum = 2%…

Q: how much is this account worth in today's dollars?

A: Present value: It is the present worth of the annuity cashflows discounted over a period of time.…

Q: You think you will be able to deposit $4,000 at the end of each of the next three years in a bank…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: You expect to receive $3,200 upon your graduation and will invest your windfall at an interest rate…

A: We need to calculate how much time it will take for $3,200 invested at 0.45% per quarter to become…

Q: You are planning for your future by depositing lump sum into a time deposit account, what amount…

A: Annuity is a series or level of cash flows that occur at the particular time periods.  It is the…

Q: You plan to deposit $5,600 at the end of each of the next 20 years into an account paying 10.8…

A: making periodic payments is called annuity, thus we will be finding future value of annuity. We can…

Q: If you deposit $7,000 in a bank account that pays 9% interest annually, how much will be in your…

A: Future value is the expected value of annual deposit to be made at specified interest rate. Given:…

Q: You are considering investing $8,500 in a bank term deposit for 5 years. The term deposit will pay…

A: Time value of money Time value of money is a concept according to which money today is worth more…

Q: You intend to accumulate RM5,713 in a bank savings account,4 years from now. How much savings must…

A: Future value = RM 5713 Period = 4 Years Annual interest rate = 10%

Q: Suppose you invest $180 a month for 6 years into an account earning 10% compounded monthly. After 6…

A: When the money is deposited or collected at a regular interval of time with the given interest rate,…

Q: You are depositing $3,000 today in an account with an expected rate of return of 10%. If you deposit…

A: Future value can be defined as the worth of money at a future date, computed in accordance with the…

Q: You plan to make five deposits of $1000 each, one every 6 months, with the first payment being made…

A: "In case when multiple questions are posted we will answer the first question when no other question…

Q: You would like to have ​$53,000 in 13 years. To accumulate this​ amount, you plan to deposit an…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: You need to accumulate $10,000. To do so, you plan to make deposits of $1,450 per year - with the…

A: Given: Interest rate = 7% = 0.07 Future value (FV) = $10000

Q: There is an investor stating they will pay out $84,000 at the end of 4 years. In order to invest…

A: Future value = $ 84000 Period = 4 Years Deposit amount = $ 10,000

Q: If you deposit $3,000 in a bank account that pays 12% interest annually, how much will be in your…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: You need to accumulate $10,000. To do so, you plan to make deposits of $1,450 per year - with the…

A: Future value of an annuity can be calculated as: = Annuity payment * FVAF (i%, n years)

Q: I am not quite sure how to structure this question attached. I think that I start by calculating the…

A: FV of an annuity can be calculted by excel formula FV. The inputs of this function are:Rate =…

Q: Suppose I have the choice of investing $25000 in two different accounts:   Acct 1:  4.5%…

A: Future value is the value of present cashflow compounded to future date at specified rate. formula:…