What will she have in the account in 5 years? She will have $ 411471.83 What will she have in the account in 7 years? She will have $ 411513.59 re24
Q: 5. If a 10 year old Kaila deposits $500 into her bank with 4.5% interest for 5 years, then deposits…
A: Future Worth is value of current amount at future point of time. It is computed by compounding that…
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A: The equivalent annual cost is the periodic payment made towards the acquisition of an asset or…
Q: 2. Emily invests $7646 for 6 years in an account that is compounded monthly at 4.8%. a) How much…
A: The amount deposited in the bank for 6 years and the interest paid monthly to the deposited amount,…
Q: Helen can earn 3% interest in her savings account. Her daughter Roberta is 11 years old today.…
A: The future value of deposit is the value of the current deposits on a future date based on the…
Q: Beverly is considering starting her small family business in five years’ time. She has decided to…
A: Ordinary annuity would be considered as the annuity payment made at the end of the year and annuity…
Q: Krystal plans to save $500 at the end of Year 1, $600 at the end of Year 2, and $700 at the end of…
A: Money she will save by end of year 3 is future value of all yearly payments
Q: Carolyn is helping to save for her granddaughter’s college fund. It will probably take 18 years…
A: Future value required (FV) = $150,000 Interest rate (r) = 6% Number of annual payments (n) = 18…
Q: Rachel can earn 3% interest in her savings account. Her daughter Dani is 11 years old today. Suppose…
A: Amount Deposited Now =$ 4000 Amount Deposited on next year = $ 500+ $ 500 =$ 1000 Continuous depost…
Q: Beverly is considering starting her small family business in five years’ time. She has decided to…
A: i. Given Annuity=400,000 Interest rate=10% p.a. No. of years=5 FVAn=A1+rn-1r where FVAn=Future…
Q: Alice needs P 4,000 per year for four years to go to college. Her father invested P 5,000 in 7%…
A: Future value of an amount is calculated as: = Amount * (1+rate)^number of periods
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A: The question is related to equation that models number of new trees and in the second question total…
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A:
Q: fter retiring, Sofía wants to be able to withdraw $8,500.00 every quarter from her account for 33…
A: There is need of proper planning for retirement and if you do that properly than you can achieve…
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A: Here we will use the concept of annuities and time value of money. The amount invested by Jane at…
Q: 1) Sabrina waits to start saving for retirement until age 35. If she saves the same $8000 each year…
A: Annual saving (P) = $8000 Period from 35th year to 65th year (n) = 30 Interest rate (r) = 7.00%
Q: Juan decided to start saving for college. He deposited $500 into an account that earns 4% simple…
A: Amount deposited = $500 Simple Interest = 4%
Q: Sousan wants to save money for her retirement. She plans on putting $200 into an Annuity each…
A: Formula:
Q: Rocio invests $170.00 a month for 9 years into an account earning 6% compounded monthly. After 9…
A: As per the guidelines, in the case of two or more individual questions, the answer for the first one…
Q: Sue's goal is to have $9000 in her savings account seven years from now. How much must she set aside…
A: PMT is the financial functions, which is used for computing the payment for the loan that is…
Q: Cinda deposits $570 at the end ofeach quarter in her savings account. If the account earns 5.75%,…
A: Thank you for posting questions. Since you have posted multiple questions, as per the guideline I am…
Q: Bayan wants to buy a house in six years. She hopes to be able to put down OMR 25000 at that time. If…
A: Here, Down Payment in 6 years is 25,000 Interest rate is 7.5% Time Period is 6 years
Q: Lily has an account that pays 3.48% simple interest per year and wants to accumulate $4,000 in…
A: Interest per year can be calculated as: = Principal * Rate * Time
Q: Rhonda has saved $1,200,000 in an account. Her goal is to have 1,500,000 saved up to use as down…
A: given, pv = $1200,000 n=5 r=2.5%
Q: Rhonda has saved $ 1,200,000 in an account . Her goal is to have 1.500.000 saved up to use payment…
A: In order to calculate the future value, a company must be compounding the present value on specific…
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A: Future value is the amount received at the end of a certain period for the investment made in the…
Q: Kelly deposits $1,000 in her savings account earning 4% per year. How much interest would she earn…
A: Deposit (P) = $ 1000 Interest rate (r) = 4% Period (t) = 1 Year
Q: Suppose Miss Roxanne Davenport is 25 years old right now and puts away $1,800 per quarter in an…
A: given, rate (r) = 6% quaterly payment (A) =$1800 frequency of compounding (m) = 4 age = 25
Q: How much money should she save at the beginning of each 3 months
A: Value at a future point of time is equal to sum of savings made and interest on those savings.…
Q: 5. You are the proud parent of a baby girl. Youlestimate that the cost of her college education 18…
A: The concept of the time value of money states that the same amount is worth more today than in the…
Q: You anticipate your child will start college in 18 years. You decide to place $4,732 each year into…
A: Number of years (n) to college = 18 Annuity (P) amount of $4,732 for 18 years Interest rate ( r ) of…
Q: 2. A child deposits his birthday money of $350 into an account that pays 5.6% interest compounded…
A: Future Value of annuity = P [(1+r)^n - 1]/ r
Q: After retiring, Rachael wants to be able to withdraw $30,000.00 every year from her account for 29…
A: Annuity means no. of finite payments of equal value or amount made in equal time period. Person…
Q: An amount of P 250,000 is deposited now into a savings account that earns 8% per year. This amount…
A: Perpetuity is the stream of cash flows or payments that are made at equal intervals that do not have…
Q: Josephine is 20 years old and wants to save $1 million dollars for retirement in 50 years. Assume…
A:
Q: 1. Juanita inherits $10,000 and invests it for 30 years at a “net” 9% return. How much money will…
A: Investment (PV) = $10,000 Interest rate (r) = 9% Period (n) = 30 Years
Q: John and Rosamond want to retire in 6 years and can save $190 every three months. They plan to…
A: The time-value-of-money concept is used to determine the actual worth of money you have now and what…
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Q: 25. Mary plans to retire in 15 years and would like to have $1,000,000 in her account. If the…
A: Solution:- When an equal amount is deposited each period, it is called as ordinary annuity. Now, in…
Q: Jeni has decided that she needs to start saving for her retirement. She can afford $100 a month…
A: The account value at retirement can be calculated with the help of future value of annuity function.
Q: 3. Sarah wants to have $2,000,000 in net worth when he retires. To achieve this goal, she p invest…
A: in this we have to find future value of ANNUITY to get future value.
Q: A man needs to set up a 529 colleges saving account for his granddaughter. How much will he need to…
A: using the PMT function in excel
Q: Caroline wants to invest $1300 in an account that earns 2.65% compounded daily. She wants to have a…
A: Investment amount (PV) = $ 1300 Annual interest rate = 2.65% Daily interest (r) = 2.65%/365 =…
Q: Maryam need an amount of OMR 2000 to go on vacations with her husband at the end of each year for 5…
A: Payment needed=2000 for 5 years So present value of all the payments at interest of 7%.
Q: calculate the amount of money in Jamal's account after 9 years?
A: The worth of today’s dollar at a future date is the future value of the dollar. For example, the…
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A: Annuity means where regular payment is made at the end of regular period and full amount with…
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- Many assets provide a series of cash inflows over time; and many obligations require a series of payments. When the payments are equal and are made at fixed intervals, the series is an annuity. There are three types of annuities: (1) Ordinary (deferred) annuity, (2) Annuity due, and (3) Growing annuity. One can find a annuity's future and present values, the interest rate built into annuity contracts, and the length of time it takes to reach a financial goal using an annuity. Growing annuities are often used in the area of financial planning. Their analysis is more complex and often easier solved using a financial spreadsheet, so we will limit our discussion here to the first two types of annuities. The future value of an ordinary annuity, FVAN, is the total amount one would have at the end of the annuity period if each payment (PMT) were invested at a given interest rate and held to the end of the annuity period. The equation is: Each payment of an annuity due is compounded for one…O Exponential and Logarithmic Functions Finding the present value of an investment earning compound interest www-awu.aleks.com $ C To help with her retirement savings, Latoya has decided to invest. Assuming an interest rate of 3.55% compounded daily, how much would she have to invest to have $132,700 after 17 years? X Harley V Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas. Assume there are 365 days in each year. Español ? ^ 圖 □ 。 □ AsUse the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?
- Multiple Choice Questions Choose the correct answer 1. Fatima now has $187. How much would she have after 6 years if she 5 points leaves it invested at 7.5% with annual compounding? * a) $288.59 b) $268.80 c) $364 d) $245.50 e) None of the above 2. If you deposit 1500$ in bank account that pays 10% interest annually. how long will it take to double your money? 5.00ts a) 5 vearGive only typing answer with explanation and conclusion You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000 at the end of each month, how many months will it take for your account to grow to $325,000? Note that if the final answer is not a whole number, be sure to round it up to the nearest whole number. Select the correct answer. a. 83 b. 81 c. 85 d. 79 e. 89If you deposit $2 comma 7002,700 today into an account earning an annual rate of return of 1313 percent, what will your account be worth in 4040 years (assuming no further deposits)? In 5050 years? Question content area bottom Part 1 Click on the table icon to view the FVIF table: LOADING... . In 4040 years, your account will be worth $enter your response here. (Round to the nearest cent.)
- JUST NEED SUBPARTS D AND E You are trying to decide how much to save for retirement. Assume you plan to save $4,000 per year with the first investment made one year from now. You think you can earn 7.0% per year on your investments and you plan to retire in 29 years, immediately after making your last $4,000 investment. a. How much will you have in your retirement account on the day you retire? b. If, instead of investing $4,000 per year, you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving, how much would that lump sum need to be? c. If you hope to live for 28 years in retirement, how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 28th withdrawal (assume your savings will continue to earn 7.0% in retirement)? d. If, instead, you decide to withdraw $70,000 per year in retirement (again with the first withdrawal one…Can you please help me understand this equation 12 divided by .04 = 300? I am hoping to understand what financial gurus say that to know your retirement you take your monthly expenses x 300 because you can only take 4% of your retirement account to safely live off your retirement money. I cannot conceptualize dividing a number with a percentage. Please answer fast i give you upvote.REVIEW AND SELF-TEST PROBLEMS Calculating Future Values Assume you deposit $1,000 today in an account that pays 8 percent interest. How much will you have in four years? (See Problem 2.) 4.1 10+h hieth dou
- Saving Later Plan 2: Invest $350 at the end of each month into an account paying 7.5% compounded monthly for 15 years then leave the money in the account earning interest until retirement (making no additional withdrawals or investments until retirement). Using the assumptions above, write down your answer to each of the following questions. 19. Create the following table of values for this investment plan. Saving Later Plan 2, tuho table should be handwritten) to find the amount available after 15 years. Write N/A next to any variable that does not apply and write Solve next to the appropriate varlable. P%3D r = A = M = n = 20. Indicate the best formula to use to compute the amount available after 15 years. 21. Substitute the values into the formula and compute how much money will be available after 15 years.solve manually You invest $X today, withdraw $1,000 in 4 years, deposit $3,000 in 5 years, and withdraw the entire sum of $8,700 2 years after the last deposit to zero out the account. What was the amount, $X, that you invested? Interest is 4%.5. Spreadsheet Exercise You are planning to accumulate P2.5M in your personal savings account by the time you retires at 60. The longer you will stalls on getting started, the tougher it will be to meet her objective. Let's assume you are now 25 years old. Create a spreadsheet to complete the following table to show how much you will have to save each year (assuming you waits N years to start saving) to have P2.5M in your account when you are 60. Comment on the pattem you observe in the table given below. Interest rate per year N-5 N= 10 N= 15 N- 20 4% 8% 12%
