You will receive $4000 at graduation 3 years from now. You plan on investing this money at 5 percent annual interest until you have accumulated $50,000. How many years from today will it be when this occurs?

Q: Your high school classmate is offering you an investment opportunity which requires you to make…

A: Your classmate's investment offers an opportunity to build a significant sum over time. Here's why:…

Q: You are going to receive $50 at the end of each year for the next 6 years. If you invest each of…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: You want to have $19, 500 in 6 years for a dream vacation. If you can earn an interest rate of .2…

A: The concept of TVM refers to the interest-earning capacity of money because money earned earlier is…

Q: You expect to receive $26,000 at graduation in two years. You plan on investing it at 9.25 percent…

A: Present Value = $26,000  Future Value = $161,000  Rate (r) = 9.25%

Q: t be until this occurs?

A: To calculate the years will it be to recieve $ 60,000 from $9,000 at 10% , the formual to be applied…

Q: You expect to receive $15,000 at graduation in three years. You plan on investing it at 13% until…

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

Q: Your investment advisor wants you to purchase an annuity that will pay you $35,000 per year for 10…

A: An annuity is a series of equal payments. It is a financial instrument that guarantees an income for…

Q: You have $27, 467.55 in a brokerage account, and you plan to deposit an additional $5, 000 at the…

A: The amount in the brokerage account (PV) at present is $27,467.55.The annual deposit (PMT) is…

Q: what will your retirement investment be worth 34 years from now ? Using financial calculator

A: Future value i.e. FV of an annuity due shows the worth of total amount of regular payments made at…

Q: Suppose you inherit a perpetuity that pays $4,000 each year. Assuming the first payment will occur…

A: The given rate is APR rate i.e. annual percentage rate. The APR is with daily compounding. The EAR…

Q: You expect to receive $10,500 at graduation in three years. You plan on Investing it at 12% until…

A: One of the important concept in finance is about time value of money. As per this concept, a dollar…

Q: You have $3000 today, and you expect to receive $1000 at the end of the next three years,…

A: Present Value = pv = $3000Payment = p = $1000Time = t = 3Interest Rate = r = 8%

Q: You have $67,046.95 in a brokerage account, and you plan to deposit an additional $3,000 at the end…

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

Q: You have an investment opportunity that promises to pay you $18, 499 in four years. Suppose the…

A: Investment is the key allotment of monetary assets with the purpose of creating wages or…

Q: You expect to receive $30,000 at graduation in two years. You plan on investing it at 7 percent…

A: Time until Investment = 2 YearsInvestment Amount = pv = $30,000Interest rate = r = 7%Future Value =…

Q: You have $15,000 that you would like to invest for the next 32 years. One option is to invest the…

A: One way to calculate the future value of any invest is to calculate its value after specific period…

Q: Josh Collins plans to buy a house for $299,000. If that real estate is expected to increase in value…

A: The concept of time value of money states that money or a financial security’s or an asset’s worth…

Q: You plan to save $4,800 at the end of each year for the next 8 years. How much money will you…

A: Future value is to be calculated , rate of interest is 4% and time is  year by paying regular…

Q: You expect to receive $10,000 in two years. You plan on investing it at 9 percent until you have…

A: Amount invested = a = $10,000 Interest rate = r = 9% Future value = $75,000 Time before investment =…

Q: If you deposit $700 every year for the next 5 years, with first deposit to be made today and all…

A: Amount deposit per year = $700 Time period = 5 Years Interest Rate = 3.76%

Q: If I invest $500 at the end of each quarter for 10 years which earns 8% interest annually. What…

A: We need to use future value annuity formula to get value after 10 years. Future value =PMT(1+i)n-1i…

Q: If you want to receive $1,000 each year for the next three years how much should you invest today?…

A: The objective of the question is to find out the present value of an annuity. An annuity is a series…

Q: How much you have to invest each year to reach the goal (assume end of year investments and an…

A: The retirement corpus is 750,000. To calculate the end of year payments, the PMT function in excel…

Q: you expect to receive 10,000 at graduation in two years. you plan on investing it at 11% until you…

A: Future amount can be calculated as follows:= Present Value * (1 + rate)^ periods

Q: I would like to have $50,000 after retirement in 20 years 8 months from now. How much should I…

A: Present Value(PV) is value of a future amount at current point of time. It is done by discounting…

Q: You have $51, 854.38 in a brokerage account, and you plan to deposit an additional $3,000 at the end…

A: The time value of money is a concept in finance that takes into account the effects of compounding…

Q: Fifteen years from now, you will be inheriting $45,000. What is this inheritance worth to you today…

A: Future value = $45,000Rate = 8.0%Number of years = 15

Q: You are planning to buy a house in 8 years. You would like to be able to make a down payment of…

A: Continuous compounding is often used in financial calculations because it simplifies mathematics and…

Q: You will receive $5,000 in six years.  When you receive it, you will invest it for 7 more years at…

A: The FV of an investment refers to the combined value of the cash flows of the investment at a…

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: You expect to receive $3,100 upon your graduation and will invest your windfall at an interest rate…

A: Here, Particulars Values Present value of money (PV)  $ 3,100.00 Quarterly interest rate…

Q: Your plan is to have $40,000 in your account, 13 years from today. You can invest in an account that…

A: Future value required (FV) $40,000 Interest rate = 8.05% Monthly interest rate (r) = 8.05%/12 =…

Q: how much do you need to put in an account today (now), so that you will have $15,000 in four years’…

A: Information Provided: Future value / Amount = $15,000 Interest rate = 5% Time = 4 years

Q: You want to retire in 30 years with $2,500,000 in your retirement account, how much do you need to…

A: Future value required (FV) = $ 2,500,000 Interest rate (r) = 8% Number of annual payments (n) = 30

Q: You are scheduled to receive $27,000 in two years. When you receive it, you will invest it for 7…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: Pedro Gonzalez will invest $5,000 at the end of each year for the next 9 years. The interest rate is…

A: The future value of the annuity is calculated when there is a requirement to find the future value…

Q: You have $14,484.85 in a brokerage account, and you plan to deposit an additional $5,000 at the end…

A: This is a time value Problem, Here we have the present value, future value and interest rate given,…

Q: You are going to receive a payment at the end of each year for the next 12 years. If you invest each…

A: The future Value of an investment is an estimation of receiving some amount after some period of…

Q: You would like to provide $145,000 a year forever for your heirs. How much money must you deposit…

A: The perpetuity is a stream of cash flow which will be continuing forever and it will pay a certain…

Q: Starting next month, I plan to invest $500 per month for 10 years to reach my goal of $100,000.…

A: The rate of interest is used in the calculation of the interest amount on the principal value. The…

Q: an to invest $1,000 at the end of EVERY year for the next 25 years. You believe you can earn 7%…

A: Money has time value and value of money changes with time and interest and inflation. The purchasing…

Q: You are interested in buying a piece of real estate property that could be worth $490,000 in four…

A: Present Value refers to a concept that states the discounted value or say value at today's time of…

Q: What will your monthly payment be if you have a 5% interest rate and a term of 20 years? How much…

A: Given:Annual interest rate = 5%Loan term = 20 yearsYearly payment (PV) = $17,000

Q: You expect to receive a one-time payment of $1,000 in 10 years and a second payment of $1,500 in 15…

A: Here, One-time payment = $1,000 in 10 years Second payment = $1,500 in 15 years Annual interest rate…

Q: If you deposit $1000 today in an account earning 10% APR compounded annually, and you deposit…

A: The future value of annuity due refers to the future value of a series of payments. The future value…