CompoundInterestandPopulationModelingAssignment

Suppose you want to have $300,000 for retirement in 25 years. Your account earns 9% interest.a) How much would you need to deposit in the account each month? b) How much interest will you earn?

Suppose you invest $130 a month for 5 years into an account earning 8% compounded monthly. After 5 years, you leave the money, without making additional deposits, in the account for another 29 years. How much will younhave in the end? Suppose instead you didn't invest anything for the first 5 years, then deposited $130 a month for 29 years into an account earning 8% compounded monthly. How much will you have in the end? Question Help: D Video Submit Question

Suppose you have estimated that you will need $2,500 per month in your retirement to meet your expenses and live comfortably, and that you have found or chosen a fund (account) which pays monthly interest 4% APR . What principal, or balance, will your account need to maintain in order to be able to pay you this amount each month? Round/take your answer to the nearest cent.

4. Consider a credit card with a balance of $7000. You wish to pay off the credit card, which has an APR of 17.99%, within 1 year. Calculate the following. Round your answer to the nearest cent, if necessary. a. Find the number of months you will need to pay the credit card if you pay $585 per month. b. Will you meet your goal and have the credit card paid in one year?

Suppose you buy a home and finance $285,000 at $2,243.17 per month for 30 years. What is the amount of interest paid? (Round your answer to the nearest cent

Suppose you save $4,000 per year at the end of each year for 30 years and earn 5% interest per year. How much will you have at the end of 30 years? Suppose you save $2,000 per year at the beginning of each year for 15 years and earn 7.49% interest per year. How much will you have at the end of 15 years?NOTE: DONOT SOLVE ON EXCEL

Suppose that you want to save $14000 over the next 6 years and you know that your savings will earn 5.5% p.a. interest (calculated monthly). How much do you need to put into the savings account each month to achieve your goal? Give your answer to the nearest penny. Your Answer:

Suppose you lend ​$11,500 to a friend at an APR of 10.00​%. Your friend will pay you back beginning next month with 60 monthly installments. You can reinvest the payments you receive in your money market account at an APR of 1.10​%, calculated monthly.     a. How much will your friend pay you each​ month? ______________ b. How much will you have in your account at the end of 60 ​months? (to nearest​ $___________________ c. What is your effective annual return​ (EAR), _._​ _%?______________

Suppose you invest $200 a month for 6 years into an account earning 9% compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 20 years. How much will you have in the end? $ Suppose instead you didn't invest anything for the first 6 years, then deposited $200 a month for 20 years into an account earning 9% compounded monthly. How much will you have in the end?

Suppose you invest $200 a month for 6 years into an account earning 8% compounded monthly. After 6 years, you leave the money, without making additional deposits, in the account for another 25 years. How much will you have in the end?Suppose instead you didn't invest anything for the first 6 years, then deposited $200 a month for 25 years into an account earning 8% compounded monthly. How much will you have in the end?

Use the savings plan formula to answer the following question.   You put ​$300 per month in an investment plan that pays an APR of 2.5​%. How much money will you have after 17 ​years? Compare this amount to the total deposits made over the time period.     After 17 years the investment plan will contain blank ?   The total deposits made over the time period is?

can someone show me the answers to put in the financial calculator to get the answer? pv=? fv=? pmt=? n=? i/y=?

Suppose you invest $160 a month for 5 years into an account earning 9% compounded monthly. After 5 years, you leave the money, without making additional deposits, in the account for another 21 years. How much will you have in the end?$CorrectSuppose instead you didn't invest anything for the first 5 years, then deposited $160 a month for 21 years into an account earning 9% compounded monthly. How much will you have in the end?

Someone wants to save a sum of money. They are planning to save for a 5 year period with a deposit into an account at the end of each month. Interest is i = .004 effective per month. They anticipate being able to save 100 dollars a month for the first year and increase that amount by 2 percent each YEAR after that. How much will they have saved at the end of the 5 year period, and what is the present value (at time 0) of that amount?

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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 10.5% per year on your investments and you plan to retire in 36 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 10.5% in retirement)? d. If, instead, you decide to withdraw $270,000 per year in retirement (again with the first withdrawal one year after retiring), how many years will it…

Suppose you would like to save enough money to pay cash for your next car. The goal to save an extra $26,000 over the next 6 years. What amount of quarterly payments must you make into an account that earns 5.5% interest in order to reach your goal?

Suppose you want to accumulate $20,000 for a down payment on a house in 5 years. How much must you deposit today into an account with an APR of 5% compounded monthly in order to have $20,000 in 5 years? PV = PMT= FV = APR = Periods = Compounding:

Suppose you want to have $300,000 for retirement in 30 years. Your account earns 5% interest. a ) How much would you need to deposit in the account each month? $ b) How much interest will you earn?