10. Fred wants to withdraw $1800 every month for two years from his account .How much should Fred invest today if the interest in this account is earned at a rate of 4.7 %0 per year, compounded monthly? How much interest will be paid to this account? [A-3]

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A: A study that proves that the future worth of the money is lower than its current value due to…

Q: Derek can deposit $266.00 per month for the next 10 years into an account at Bank A. The first…

A: ParticularsBank ABank BPeriodic Deposit,PMT $              266.00 $ 2,465.00Tenure,years1010Interest…

Q: 110 Derek will deposit $7,257.00 per year for 30.00 years into an account that earns 15.00%, The…

A: Future value is the worth of a specific asset at a future date that has been established. In other…

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A: No. of years= 14PV of annuity= $124357Required rate= 11.56%Monthly Payment of annuity =?

Q: You currently have $250,000 in your retirement account. What equal annual amount must you deposit…

A: Equal annual deposits into an account for a fixed number of times is called annuity. The future…

Q: If you deposit $20,000 per year for 18 years (each deposit is made at the beginning of each year) in…

A:

Q: You want to have $100,000 in your savings account 3 years from now, and you're prepared to make…

A:

Q: 4. If an investor deposits $20,000 now, $10,000 two years from now and $5,000 per year for three…

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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Consuelo pays into an ordinary annuity for 40 years. a. If the annuity earns 5.4% yearly interest…

A: The present value of an annuity is the current value of a series of future payments or receipts,…

Q: 9) You deposit $200 each month for five years. How much will be in the account after the five years…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: How much money should Mohammed and Fatima deposit annually for 20 years in order to provide an…

A: Let the annual deposit required for 20 years be A. Now, the accumulated value after 20 years will be…

Q: Emek is planning to retire in 15 years. She decides to start saving toward building up a retirement…

A: Here,

Q: Suppose you want to have $400,000 for retirement in 20 years. Your account earns 5.1% interest. How…

A: Future value required (FV) = $400,000 Interest rate = 5.1% Monthly interest rate (r) = 5.1%/12 =…

Q: You want to have $67,000 in your savings account 10 years from now, and you're prepared to make…

A: Payment per period is the regular payments made or received of an investment, while future value is…

Q: How much money must you invest today in order to withdraw 12,150 annually for 4 years of the…

A: Annual withdrawal = 12150 Monthly withdrawal (P) = 12150/12 = 1012.50 Period = 4  Years Number of…

Q: 2. If you deposit $2500 two years from now in a bank account that pays 4% compounded annually, how…

A: The amount that is deposited today will be more in dollar terms at certain future date due to the…

Q: You want to have $51,000 in your savings account 9 years from now, and you're prepared to make equal…

A: Payment per period is the regular payments made or received of an investment, while future value is…

Q: 4. (a) If you will be making equal deposits into a retirement account for 10 years (with each…

A: An annuity refers to a financial product that provides a fixed sum of money to an individual at…

Q: You would like to have $700,000 when you retire in 40 years. How much should you invest each quarter…

A: Required future Value "FV" is $700,000 Time period of retirement = 40 years Interest rate is 4%…

Q: 4. Suppose Ken invested $1 million in an ordinary annuity that earned 4.25%. a. How much would he…

A: We will solve this question with the help of PMT function in excel where,   rate- Interest rate…

Q: Andrew has an annuity that pays 4.4% annual interest compounded monthly and at the end of each month…

A: We need to calculate future value of annuity for the above question Formula: FV=PMTi(1+i)n-1 Where,…

Q: 6.​If the current value of $1000 received five years from now is $680.50, what is the ​assumed…

A: Annual interest rate refers to the rate that is being charged by the lender by the borrower on the…

Q: the 26. If Vanessa wants to withdraw $200 from an account every month for the next 5 years and…

A: Present value is the equivalent today of the future cash flow that would same cash flow and is based…

Q: How much should you deposit in an account so that you can withdraw $5300 every year for the next 18…

A: Using excel PV function

Q: A person wants to establish an annuity for retirement purposes. He wants to make quarterly deposits…

A: Solution:- An equal amount withdrawn is made each period at end of period, is known as ordinary…

Q: What amount you need to deposit now into an account earning 4.5% every four months if you need to…

A: It has been provided: Time period = 8 years Future value = $45,000 Interest rate = 4.5%…

Q: You have $75,000 in the bank right now. What equal annual amount (beginning one year from today) can…

A: Present value = pv = $75,000 Time = t = 13 years Interest rate = r = 8% Future value = fv = $50,000…

Q: You want to be able to withdraw $45,000 from your account each year for 20 years after you retire.…

A: Yearly deposit refers to an amount that is being deposited each year and earning a specified rate of…

Q: QUESTION 9 Shaikha is investing 180 today and will continue to do so at the beginning of each year…

A: Given: Particulars Amount Investing (PMT) 180 Years(NPER) 9 Rate 11%

Q: George Springer will make $5,900 monthly payments into his Canadian Retirement account. At…

A: The concept of TVM refers to the desirability of earning money earlier because of the inherent…

Q: Jeremy plans to retire in 17 years. When he does, he would like to withdraw $1800 from his…

A: Years to retire = 17No. of years for monthly withdrawal = 13Monthly withdrawal = $1,800Rate =…

Q: 14

A: Rule 72 is the equation that is best used to find the duration it would take to double the amount at…

Q: 5. How much should be deposited in an account yielding 8% compounding weekly to obtain $14.9o0 in…

A: Compound interest is defined as an addition of an interest to the sum of principal of the deposits…

Q: If you deposit $500 every 6 months for 7 years at an interest rate 20% compounded quarterly, how…

A: The amount at the end of 7 years is the future value of the semiannual deposits.

Q: How much do you have to deposit today so that beginning 11 years from now you can withdraw ​$12,000…

A: Given, Amount that can be withdrawn from years 11 to 16 is $12000 Additional amount at end of 16 th…

Q: .  You invest some amount today for two years that pays 6% annually. The bank compounds annually. At…

A: Solution:- When some amount is invested somewhere, it earns interest on it. The amount invested…

Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 7% interest. How…

A: Given:FV=$300,000r=7%​=0.07÷12n=20×12=240 months (20 years)