You put ​$300 per month in an investment plan that pays an APR of 2.5​%. How much money will you have after 22 ​years? Compare this amount to the total deposits made over the period.

Q: If you put 1,000 in a savings account that yields an 7℅ annual rate of interest that is compounded…

A: Given: Present value = 1,000 Interest rate = 7% Periods = 25 weeks

Q: How much will you have saved after 6 years by contributing $1,200 at the end of each year if you…

A:

Q: annually

A: Formula to calculate r: r = (FV/PV)^1/n - 1

Q: You expect to receive two cash flows: $34,000 paid in 5 years and $51,000 paid in 10 years. You'll…

A: Solution:- When some amount is invested somewhere, it earns interest on it. The amount initially…

Q: Suppose you will need $20,000 in 3 years. How much must you invest per month in order to have…

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

Q: Use logarithms to solve the problem. How long will it take $11,000 to grow to $19,000 if the…

A: Compound = monthly = 12 Present value = pv = $11,000 Future value = fv = $19,000 Interest rate = r =…

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: Suppose you have accumulated $22,000 in credit card debt. If the interest rate on the credit card is…

A: Present Value = Annuity * PVAF (Periodic rate, Number of Periods )

Q: You would like to contribute to a savings account over the next three years in order to accumulate…

A: Compound = Quarterly = 4Number of Payment = n = 3 * 4 = 12Interest rate = i = 14 / 4 = 3.5%Payment =…

Q: You borrow $175,000; the annual loan payments are $10,120.27 for 30 years. What interest rate are…

A: Interest on a loan is the additional amount of money that a borrower has to pay back to the lender…

Q: Assume you put $400 per month into a retirement account for 14 years, and the account has an APR of…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: If you invest $10,000 per year at the end of each year for 3 years at an 5.5% rate of return, you…

A: Future Value of anuity = P * [ { (1 + r )n -1 } /r ] where, P =  periodic payment r = interest rate…

Q: If you deposited sum of 200 JOD at the beginning of each month for 20 Years at an annual interest…

A: There are three number of questions which has been asked by the student but as due to guideline we…

Q: u are considering the purchase of an investment that pays an annual rate of 6.80%, compounded…

A: Future value required=FV=600000PMT=monthly deposit=3500Interest rate=6.80%Rate=6.8/12=0.5666666667%

Q: Suppose that each week, you deposit $28 into a savings account whose annual rate is 1.6% with weekly…

A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…

Q: You put $200 per month in an investment plan that pays an APR of 4.5%. How much money will you have…

A: Monthly deposit (D) = $200 Monthly APR (r) = 0.00375 (i.e. 0.045 / 12) Monthly period (p) = 336…

Q: You are told that if you invest $11,600 per year for 18 years (all payments made at the beginning of…

A: Annual rate of return refers to the percentage of earnings or interest earned on the investment made…

Q: You will invest $200 per year. You will make your first deposit today. If the rate is 8.73%, how…

A: Annuity refers to a stream of fixed cash flows occurring in each period. For instance a cash flow of…

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: If you want to earn 5% annual simple interest on an investment, how much should you pay for a note…

A: The question is based on the concept of time value.

Q: Suppose you invested $1000 every 3 months over a 15 year period. If money earns an annual rate of…

A: Compound = quarterly = 4Payment = p = $1000Time = t = 15 * 4 = 60Interest rate = r = 6.5 / 4 =…

Q: If you have an investment that is earning 5.5% annually, use the Rule of 72 to estimate how many…

A: Computation:

Q: Suppose you make a one-time $ 8,000 investment into an account that yields a 12% annual return. If…

A: The FV of an investment refers to the total value of its cash flows at a future date assuming that…

Q: You borrow a GPM of $120,000 with annual payments and 30-year term. The interest rate is 10%. The…

A: To solve this problem, we can use the formula the present value of a growing annuity. The formula…

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 put $200 per month in an investment plan that pays an APR of 2.5% How many will you have after…

A: An annuity is a type of financial contract intended to give someone a steady stream of income…

Q: How much should you deposit at the end of each month into an investment account that pays comes from…

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

Q: You will deposit $112 from each of your bi-weekly paychecks.  You think that you can earn an…

A: To calculate the future value , the effect of compounding statement on the rate of interest given…

Q: What is the value of today of an investment that will pay $100 per year for 5 years. Assume first…

A: Present value of annuity is the present value of recurring cash flows with regular intervals at a…

Q: 2) You set up a 45-year investment plan with the intention of amassing 1,500,000 at the end of the…

A: Investment planning is the process of determining where you are financially in terms of the future…

Q: Suppose that each week, you deposit $43 into a savings account whose annual rate is 1.8% with weekly…

A: We need to use future value of annuity formula to calculate balance of account after 14 years. FV…

Q: You borrow $50, 000 for 5 years. This is an amortized load, meaning that payments are the same each…

A: Loan amount= $50, 000Number of payments= 5 years or 60 months APR=12%

Q: Suppose you want to save $220,000 for retirement. You will do so by putting monthly deposits into an…

A: Retirement planning involves the set of activities that determines the income goals that an…

Q: You are set to receive an annual payment of $11,000 per year for the next 16 years. Assume the…

A: An annuity is a type of security that pays a periodic amount over a period of time. When the…

Q: Assume you put $400 per month into a retirement account for 14 years, and the account has an APR of…

A: (Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: You invest $12000 into an account that earns 8.5 % simple interest for 30 months. What is the future…

A: The future value of the investment is the value of the investment in the future time period…

Q: You make an investment into a money market account at time T=0. In year T=5, the value of the money…

A: Given: Time period: 5 years Future value: $5000 Rate of interest: 5% compounded quarterly To…