Tutorial 1 - TVM Part 1 - Extra Problems

Question 14 Suppose for an annuity due, you want to have $30,000 in the bank after 20 years. Assuming you make deposits at the beginning of each year at an interest rate of 4%, how much would you have to deposit at the start of each year, assuming that each deposit is the same amount? A) s968.70 B $816.22 $625.00 $737.24

Question content area top Part 1 ​(Comprehensive problem)  You would like to have ​$57,000 in 14 years. To accumulate this​ amount, you plan to deposit an equal sum in the bank each year that will earn 6 percent interest compounded annually. Your first payment will be made at the end of the year.   a.  How much must you deposit annually to accumulate this​ amount? b.  If you decide to make a large​ lump-sum deposit today instead of the annual​ deposits, how large should this​ lump-sum deposit​ be? ​ (Assume you can earn 6 percent on this​ deposit.) c.  At the end of five​ years, you will receive ​$15,000 and deposit this in the bank toward your goal of ​$57,000 at the end of year 14. In addition to the​ lump-sum deposit, how much must you deposit in equal annual​ amounts, beginning in year 1 to reach your​ goal? ​ (Again, assume you can earn 6 percent on your​ deposits.)       Question content area bottom Part 1 a.  How much must you deposit annually to accumulate this​ amount?…

FIN2230 Chapter 9 Assignment i 4 If you invest $14,500 per period for the following number of periods is received at the beginning of each year. (Annuity in advance) (Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.) a. 9 years at 4 percent Future value $ b. 16 years at 12 percent Future value $ c. 20 periods at 15 percent Saved Future value

PART 2 Financial Tools P5-19 Future value of an annuity For each case in the accompanying table, answer the questions that follow. Case B E meny Amount of annuity $ 2,500 30.000 11,500 6,000 Interest rate *%* 23^2 12 14 Deposit period (years a. Calculate the future value of the annuity assuming that it is (1) An ordinary annuity, (2) An annuity due. b. Compare your findings in parts all) and a(2). All else being identical, which type of annuity-- ordinary or annuity due—is preferable? Explain why,

Question content area top Part 1 ​(Comprehensive problem)  You would like to have ​$   60,000 in   14 years.  To accumulate this​ amount, you plan to deposit an equal sum in the bank each year that will earn   6 percent interest compounded annually.  Your first payment will be made at the end of the year.   a.  How much must you deposit annually to accumulate this​ amount? b.  If you decide to make a large​ lump-sum deposit today instead of the annual​ deposits, how large should this​ lump-sum deposit​ be? ​ (Assume you can earn   6 percent on this​ deposit.) c.  At the end of five​ years, you will receive ​$   10,000 and deposit this in the bank toward your goal of ​$   60,000 at the end of year   14.  In addition to the​ lump-sum deposit, how much must you deposit in equal annual​ amounts, beginning in year 1 to reach your​ goal? ​ (Again, assume you can earn   6 percent on your​ deposits.)           Question content area bottom Part 1 a.  How much must you deposit annually to…

Question 4 of 5 Using Technological Tools: Future Value of a Single Sum - Knowledge Check Knowledge Check 0.34/1 You deposit $600 today into a fund that you intend to leave invested for 6 years. The fund earns 4% interest compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the value of the fund to be accumulated at the end of year 6? (Round future value answer to two decimal places (e.g., 52.75) and interest rate to one decimal place (e.g., 527.5).) Inputs Calculator Keys N Future value $ Save for Later N/A ? PV PMT FV Attempts: 0 of 3 used Submit Answer SUPPORT

Question list Question 31 Question 32 K a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate $? at the end of each month 5.5% compounded monthly Time 12 years Financial Goal $220,000 Click the icon to view some finance formulas. a. The periodic deposit is $ Question 33 ○ Question 34 (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. $ of the $220,000 comes from deposits and $ comes from interest. (Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.) Question 35

Chapter 10 Discussion Q2 A perpetuity will pay $900 per year, starting five years after the perpetuity is purchased. What is the present value (PV) at time 0, given that the interest rate is 11%? Show your steps. A) $2695 B) $4312 C) $5390 D) $3234

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un.4 How much will you have to deposit into an account at the beginning of every 3 months for 20 years if you want to have a balance of $100 000 and interest is 8% compounded quarterly?   a $506 b $516 c $524 d $520

MINDTAP Q Search this cOL tivity- Amortization schedule a. Complete an amortization schedule for a $44,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 10% compounded annually. Round all answers to the nearest cent. Beginning Repayment Ending Year Balance Раyment Interest of Principal Balance 1 24 %24 2. 24 $4 %24 24 24 %24 24 b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places. % Interest % Principal Year 1: Year 2: Year 3: % c. Why do these percentages change over time? I. These percentages change over time because even though the total payment is constant the amount of interest paid each year is declining as the remaining or outstanding balance declines. II. These percentages change over time because even though the total payment is constant the amount of interest paid each year is increasing as the remaining or…

Question 6a b c

MC algo 5-11 Calculating Future Values   You are going to deposit $19,000 today. You will earn an annual rate of 3.3 percent for 11 years, and then earn an annual rate of 2.7 percent for 14 years. How much will you have in your account in 25 years?   Multiple Choice   $42,782.05   $36,402.57   $39,431.50   $27,155.46   $36,984.07

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