An engineer will deposit 10% of her salary each year into a retirement fund. If her current annual salary is $95,000 and she expects that it will increase by 6% each year, what will be the present worth of the fund after 30 years if it earns 6% per year?

Q: Determine the exact simple interest on P 5,000.00 for the period from June 15 2015 to November 28,…

A: There are two parts one is simple interest for years and simple interest for days .  Assuming that…

Q: Annual deposits were made in a fund earning 10% per annum. The first deposit was P2000 and each…

A:

Q: You've decided you will put $300 in the bank in year 1 and increase the deposit amount every year by…

A: The amount that a future sum of money is worth today, at a particular interest rate, is known as its…

Q: Bill Mitselfik borrowed ​$16,000 to be repaid in quarterly installments over the next five years.…

A: Present value refers to the value of cash receipts of payments (PMTs) in future expressed as it to…

Q: 2008 $1,000 2009 ΕΟΥ $1000-G 2010 $1000-2G 2011 2012 $ 1000-3G &F=

A: Given  Uniform gradient G = -50 At 2009, Cash flow =1000-G=950 Rate of interest =15% Formula:…

Q: A young man has decided to go into a business at age 40. He wishes to accumulate P200,000 at that…

A: Given,  Future value FV = P 200,000 Growth rate g = 10%Interest rate r = 9.6%

Q: Regular payments of $2000 are made at the end of each compounding period. The account earns a rate…

A: The future value of an investment is the returns received by an individual at the given interest…

Q: An annuity of P2,000 is to be paid in 4 years at the rate of 10% compounded continuously. What is…

A: Present Worth of an annuity formula PW =PMT1-1(1+r)nr where PW is the present worthPMT is a…

Q: If you borrow $500 at an interest rate of 4% per year for two years, how much interest will you have…

A: The concept of simple interest involves the calculation of interest on a fixed principal amount over…

Q: If you borrowed P10000 from a bank with 18% interest per annum, what is the total amount to be…

A: Amount to be repaid = principle amount + interest payment

Q: Mr. Smith has saved $1969 each year for 20 years. A year after the saving period ended, Mr. Smith…

A: Initial Savings Phase (20 Years)Mr. Smith saves $1969 each year for 20 years. The future value ( FV…

Q: Your spendthrift cousin wants to buy a fancy watch for $425. Instead, you suggest that she buy an…

A: It is already given that the individual wants to purchase a watch which costs $425 at first place…

Q: Due to health reasons, Dave is considering early retirement. He currently has $700,000 in a self-…

A: The net present value considers the entire cash flows in future whether positive or negative over…

Q: A child’s grandparents have opened a ₱60,000 savings account for the child on the day of her birth.…

A: Compound interest (also known as compounding interest) is interest calculated on a loan or deposit…

Q: David is planning to contribute $8,000 a year into a mutual fund that earns an average of 8% per…

A: In economics, present value refers to the current value of future steam of cash flow. Future value…

Q: Determine the current amount of money that must be invested at 6% nominal interest, compounded…

A: Present worth is the time value of money, which recognizes that money received or paid in the future…

Q: Find the future value after 30 years if a one-time investment of $1,000 is made at a 10% yearly…

A: Interest is the sum that the borrower pays the lender over and above the principal amount. Both the…

Q: If an investor invests a sum of $ 100 in a fixed deposit for five years with an interest rate of 15%…

A: Given the invested a amount = $100 Time period = 5 years Interest rate = 15%

Q: Tuition at a local college is currently $4,000 per year. If tuition rates are expected to increase…

A: The present amount of annual tuition and annual rate will be used to determine the annual tuition 19…

Q: Leon and Heidi decided to invest $2,500 annually for only the first eight years of their marriage.…

A: First 8 years investment will earn different type of interest income as Annuity because annually…

Q: mechanical contractor has four employees whose combined salaries through the end of this year are…

A: Given, Amount- $250000 ROI-12% Time- 5 years

Q: Calculate the present worth of 20.00 uniform payments of $8,400 that begin 1 year from now at an…

A: The formula of present worth of a uniform series is: P = A*((1+i)^n-1)/(i*(1+i)^n) Here A is the…

Q: Suppose you were given a one time gift of $10,000 to put into a savings account. The account earns…

A: Compound interest is the rate of interest that is used to calculate the value added to a loan or a…

Q: Find the present worth of perpetuity of P 6,000 annually with an interest rate of 12% annually if…

A: Present value of of perpetuity is calculated by ICFr, where ICF is the identical cash flow and r is…

Q: What is the present value of $100 realized two years from now if the interest rate is 10%?

A: Present worth is the concept that describes an amount of money today is value greater than that same…

Q: How much do you need to deposit today into an account that pays 3% per year so that you can make 10…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: How much money will be in an account in 5 years if $20,000 is deposited now at an interest rate of…

A: Given  Principal = 20,000  Interest rate = 1.5% per month compounded yearly therefore  Interest rate…

Q: Only typed solution

A: The objective of the question is to find out the remaining balance in Sarah's account after her last…

Q: Find the Future value of an installment paying P5T now, P3T at the end of  year 1, P2T at the end of…

A: Instalment amount at present = P5T Instalment amount at end of 1st year = P3T Instalment amount at…

Q: P10,000 for the period January 12 to September 13,2001 if the interest rate is 15%?

A:

Q: 4. Find the future worth in year 10 of an investment that starts at P8000 in year 1. The interest…

A: Present value PV of the investment = P8000 Rate of interest (r) = 10%  time (n)= 10 years

Q: Tuition at a local college is currently $3,600 per year.  If tuition rates  are expected to increase…

A: The present value is the current value of future sum of the money.  The future value is the…

Q: A credit card company wants your business, you accept their offer and use their card, the will…

A: FVF= (1+r)15-n

Q: BROAN Technologies is considering the purchase of an annual maintenance contract for its heating and…

A: Given  The annual cost of the contract is $4600 and this contract starts at the end of year 4 and…

Q: A guy deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year,…

A: We have given that  rate of interest i=0.07 or 7% We have to find the value of A

Q: Find the 7 uniform annual deposits that can provide a single withdrawal of $38,500, at 2 years after…

A:

Q: You plan to deposit $300 at the end of every year for 12 years starting at the end of year 1. Then…

A: Annual deposit at the end of each year, A=$300Number of years the amount to be deposited, n1 =12…

Q: If an investor invests a sum of $1000 in a bank for 1 year with an interest rate of 10% compounded…

A: Given the invested amount = $1000 The investment made for a time period = 1 year Interest rate = 10%…

Q: Determine the Ordinary and exact simple interest of a borrowed amount worth 1200000 on February 14,…

A: SI(simple interest) is the product of P(principal), R(rate of interest) and t(time period) divided…

Q: Alexandr makes 15 equal annual deposits of $1,000 each in a bank account paying 5% interest. How…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: A new roof will cost $15,000. It will be installed in 11 years. If the interest rate is 7% per year,…

A: Given information: Amount to accumulate (F) = $15,000 Time in years (N) = 11 Annual Interest rate…