You want to have $50,000 in your savings account 12 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. If the accounts payss 6.2 percent interest what must you deposit each year?

How much do you have to deposit today so that beginning 11 years from now you can withdraw ​$12,000 a year for the next 6 years​ (periods 11 through 16​) plus an additional amount of ​$24,000 in the last year​ (period 16​)? Assume an interest rate of 9 percent.

You would like to have $6,000.00 in 11 years for a special vacation following graduation by making deposits at the end of each quarter in an annuity that pays 5.7% compounded quarterly. How much money should you deposit at the end of every quarter? calculations. Round to the nearest penny and use rounded values for all future How much of the $6,000.00 comes from deposits and how much comes from interest? of the $6,000.00 comes from your deposits and $ comes from interest.

You are planning to make monthly deposits of $500 into a retirement account that pays 7.7 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years?