You plan to deposit $3,000 at the end of each year for three years, starting with the first deposit today. If the account pays 9%, how much will you have at the end of year 3?     3885     10,124     10,719

Q: If you need to withdraw $5,000 a year for years 1 - 8 and the required rate of return is 9%, how…

A: INFORMATION: RATE 9% YEARS 8 PMT (MONTHLY WITHDRAW) $5,000 FUTURE VALUE $0

Q: F4. You deposit $10,282 at the end of each year for the next 18 years. Your deposits earn 10…

A: The Future Value of Ordinary Annuity refers to the concept which determines the sum total of all the…

Q: What rate of interest will you have to get per year if you would like to buy a car for $68,500 at…

A: Rate of interest is the percentage of return that is expected to be generated by investing in the…

Q: You will pay a tuition cost of $50,000/year for 4 years and the first payment is due yearend. If…

A: The amount that should be deposited today is equal to the present value of the tuition cost for four…

Q: If you wish to withdraw $200 at the end of EACH of the next 3 years earning 3.5% per year, what…

A: Present Value of annuity refers to the current value of all the series of payments or income at…

Q: Starting the beginning of next year, you expect to receive four consecutive annual payments of $700…

A: The concept of time value of money will be used and applied here.As per the concept of time value of…

Q: FIND WHICH ACCOUNT IS PAYING YOU THE MOST AT THE END OF 5 YEARS IF YOU DEPOSIT 30,000 TODAY   6%…

A: CASE I       YEAR PRINCIPAL INTEREST@6%PER ANNUM YEAR END AMOUNT 1 30000.00 1800.00 31800.00 2…

Q: need $20,000 five years from now. The account pays 9% compounded annually. If you will receive…

A: Present value is the equivalent value today of the future cash flow based on the time and interest…

Q: You deposit $63000 into an account which pays 5% compounded semiannually. How much can you withdraw…

A: Given:Principal (P) = $63,000Rate (r) for every six months = 5%Semi-Annually Rate = 5%/2 = 0.025…

Q: You deposit $23,000.00 in an account that pays 4% compounded annually and immediately start making…

A: In this question future value would also be find out so that payment per year can be find out.

Q: You deposit $24,000.00 in an account that pays 6% compounded quarterly and immediately start making…

A: In this problem you have to find out present value FACTOR and find out quarterly deposits.

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: You are going to deposit $4100 in an account that pays 0.47 percent interest month. How much will…

A: Future value is the estimated value of a current asset through a discount rate for a future date.…

Q: You plan to deposit $200 at the end of every six months for 8 years starting at the end of month 6.…

A: Answer: Calculation of the amount that will be available to withdraw at the end of year 15: The…

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: You deposit $201 at the end of each quarter into an account that pays a nominal annual rate of 16%…

A: The account value at end of 15 years can be calculated with the help of future value of annuity…

Q: ou are planning to make monthly deposits of $190 into a retirement account that pays 10 percent…

A: Future value of money is the amount of deposit made over the period plus amount of interest…

Q: Starting in 6 years you want to be able to withdraw P5,940 every 3 months for 12 years. You want to…

A: Interest rate = 2.08% monthly compounded Amount to withdraw every 3 months (X) = P 5940 Number of…

Q: If you deposit RM15,000 in an account earning 20% with semi annually compounding, how much would you…

A: Compounding is a way to find the FV of a deposited amount by considering the appropriate rate for…

Q: An investment promises to pay into an account that pays you 6 percent annually, $151 per month for…

A: In this we have to calculate future value FACTOR and get future value.

Q: A bank pays 6% interest, compounded semiannually. Use the appropriate formula to find how much…

A: Time Value of money :— According to this concept, value of money in present day is more than the…

Q: None

A: If you have any help please let me know in comment box and then I will help you.

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: the amount a person would need to deposit today to be able to withdraw $6,000 each year for 10 years…

A: A series of fixed regular periodic deposits/withdrawals is recognized as an annuity. The annuity…

Q: An investment promises to pay into an account that pays you 6 percent annually, $150 per month for…

A: In this question, first of all, we have to calculate the future value of the annuity in the next 20…

Q: If you deposit $150 dollars into your savings account at the beginning of each month, and that…

A: Future value is an estimate of the future cash flows ​​that may be received at a future date,…

Q: need $20,000 five years from now. The account pays 9% compounded annually. If you can receive…

A: Present value is the equivalent value today of the future cash flow based on the time and interest…

Q: pm.3 You have S81, 455.75 in a brokerage account, and you plan to deposit an additional $22,000 at…

A: The problem is a future value of a series problem in finance. We are given the present value…

Q: ou deposit $83000 into an account which pays 5% compounded monthly. How much can you withdraw at the…

A: You can withdraw interest forever

Q: ou plan to make twelve monthly payments of $1000 at the end of each month in the year 2024. Given…

A: Present value is the equivalent of the future cash flow that is required in the future based on the…

Q: Six years from today you need $10,000. You plan to deposit $1,500 annually, with the first payment…

A: Future value refers to the value of an asset or investment at a future date, considering the rate of…

Q: You have $75,000 in the bank right now. What equal annual amount (beginning one year from today) can…

A: Present value = pv = $75,000 Time = t = 13 years Interest rate = r = 8% Future value = fv = $50,000…

Q: You are planning to save to purchase a car in 23 years for $28,000. You have opened a bank account…

A: Annuity is a series of equal payments made for some particular period of time . When payment is made…

Q: You deposit $27,000.00 in an account that pays 4% compounded annually and immediately start making…

A: Given: