An investment account returns 2.81% annually. You want to withdraw $ 9,000 each year for the next 9 years. How much do you have to deposit today? Note: Present Value is the amount of money that needs to be invested today to be able to collect or withdraw a series of periodic equal payments. $ 70,300 $70,700 O $ 70,500 O $ 70,900

Q: If you need to withdraw $5,000 a year for years 1 - 8 and the required rate of return is 9%, how…

A: INFORMATION: RATE 9% YEARS 8 PMT (MONTHLY WITHDRAW) $5,000 FUTURE VALUE $0

Q: You decide to withdraw $13,000 at the beginning of each quarter for 10 years from your savings…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: 3. Time Value of Money Assume that ten years from now, you will need $10,000 and that your bank…

A: The concept of the time value of money states that money today has more value than the same amount…

Q: You want able to withdraw 15,000 each month for 15 years. your account earns 3 1/4% interest. a.…

A: Investments are the ways in which individuals and corporations park and save their money and funds…

Q: need $20,000 five years from now. The account pays 9% compounded annually. If you will receive…

A: Present value is the equivalent value today of the future cash flow based on the time and interest…

Q: You have a bank account that is currently worth 10,000. How long will it take the bank account to be…

A: The declared or promoted interest rate on a financial instrument, like a savings account or loan, is…

Q: Imagine that you have $8,000 to invest for 19 years. How much more interest will you earn if you…

A: Interest is the cost of borrowing or lending money.

Q: You invest $9,000 today at an annual interest rate of 5%. How much do you expect to have 5 years…

A: P = $9,000r = 5% = 0.05n = 5

Q: Suppose that you deposit $200 at the end of each month into an account paying an expected annual…

A: given, monthly compounding N    =10 x 12 = 120I    =3%12PV   =0PMT =200   FV    = need to find

Q: How much is there in a savings account in 2 year we deposit $5,000 now at a rate of 0.25% per month…

A: We need to compute the future value of $5,000 after 2years, Formula for same is : = A ( 1 + r)n Rate…

Q: Quantitative Problem 1: You plan to deposit $1,800 per year for 5 years into a money market account…

A: According to bartleby guidelines , if multiple questions are asked , then 1st question needs to be…

Q: An investment account returns 6.29% annually. You want to withdraw $ 10,000 each year for the next…

A: The present value of an annuity is the value today of a series of equal payments made at fixed…

Q: You need to accumulate $10,000. To do so, you plan to make deposits of $1,500 per year with the…

A: Amount to be accumulated = $10,000Annual deposits = $1,500Interest rate = 7%To find: Number of years…

Q: How much money should be deposited today in an account that earns 8.5% compounded monthly so that it…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: Find how much money needs to be deposited now into an account to obtain $40,000 in 5 years if the…

A: Future value (FV) = $40,000 Period (n) = 5 Years Interest rate (r) = 7%

Q: suppose you have 100 dollars in a saving account and the bank adds 10 percent per year to the…

A: As per Time Value of money, Future value = Present value * (1+rate)^n

Q: ou have a growing payment stream that you want to be able to fully fund by making a single deposit…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: You wish to accumulate $100,000 through monthly payments of $100. If you can earn interest at an…

A: To calculate the time period for a required future value with given periodic deposits at a given…

Q: How much money would you need to place in an account to have $1,000 10 years from today? Assume the…

A: The formula used as follows: Present value=Future value1+innt

Q: You want to be able to withdraw $50,000 each year for 20 years. Your account earns 8% interest. a)…

A: a) Hence, the amount in the account at the beginning is $490,907.37 b) Hence, the total money pull…

Q: You wanted to accumulate $20,000 in 5 years from now and you decided to deposit 5 deposits with same…

A: Future value (FV) = $ 20000 Number of annual deposits (n) = 5 Real rate = 4% Inflation rate = 3%…

Q: You save (pay) $1,000 a month for the next 10 years. A total of 120 monthly saving (payment). The…

A: We need to use present value of annuity due formula to calculate present value today.WherePV =…

Q: 27. You hope to accumulate an account balance of $20,000 in 4 years by making a single deposit…

A: We need to calculate the amount to be deposited today - present value (PV)Future Value (FV) =…

Q: If you want to have $22,327 in fifteen years, how much do you need to deposit in a bank account…

A: The deposit required today is calculated as the present value.

Q: You currently have $2,100 (present value) in an account that has an interest rate of 4% per year…

A: The concept of the time value of money states that money loses value over time pertaining to…

Q: Time value. You can deposit $12,000 into an account paying 6% annual interest either today or…

A: The amount that a present investment will gain in value over time when kept in a compound interest…

Q: you want to have $15,000 at the end of 5 years. if you can earn a return of 3.2% annually, how much…

A: given, fv= $15000 r=3.2% n=5 years