You want to invest an amount today that will last for 5 years and allow you to withdraw $555 at the end of each 6-month period. You earn 4% APR compounded semiannually on your investment. How much do you need to invest today to achieve your goal?

Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit in an account that earns 12% annual interest to get that money? Check you answer with interest table.

Compute the effective annual rate of interest (a) for 6% compounded monthly; (b) at which $1100 will grow to $2000 in seven years compounded monthly. Please write to text formet answer

Please give me the exact solution of problem below You have $25,000 in an account that pays 6% interest compounded annually. You want to make equal annual withdrawals so that the money lasts 8 years exactly. (i)  Find the amount of each withdrawal. (ii)  Find the amount of each withdrawal if the money must last 12 years.

Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $80,000 in a fund paying 3% per year, with monthly payments for 10 years PMT = $ Need Help? Watch It Read It

You want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you keep the money

You borrow $6,000 for 90 days at 6.5% interest.  The lender uses a 365-day year.  You make a payment of $1,400 on day 36 (36 days after getting the loan).  Calculate your balance after the $1,400 payment is applied.

The balance of an account continuously compounded was $2006 after 7 years and $6790 after 12 years. What's the balance after 14 years? dollars.

Chris makes a deposit of $500 into his savings account at the beginning of each year for the next 20 years. If the account earns 5% interest rate per year compounded annually, what will be the future value at the end of 20 years?Need to calculate.

Scott deposited $1,000 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.50% compounded semi-annually for the first 4 years and changed to 4.75% compounded monthly for the next 4 years. What was the accumulated value of the RRSP at the end of 8 years?