April decided to deposit $7,000 into a CD that offers her an APR of 5.2 percent with quarterly compounding for 5 years. How much money will she have in this CD when it matures in 5 years? (Round to the nearest dollar).

Q: Kaitlin wants to save money to purchase a car. She buys an annuity with yearly payments that earn…

A: FV of an annuity is that amount which is the value of total periodic amounts in the future. FV =…

Q: Kate's grandmother promises to give her $5,000 at the end of four years and $6,000 at the end of…

A:

Q: is expected to be received in 5 years and her last annual payment is expected in 10 years. She can…

A: Annual payment=$49900Interest rate=12.84%Period= 5 years

Q: Harry and Lisa Perry have agreed to pay for their granddaughter's college education and need to know…

A: Given information:  Annual interest rate is 4% Annuity payment is $25,000 Number of years is 5

Q: Martha Diaz needs an investment loan. She gets a simple interest amortized loan for $12,000 at 8.5 %…

A: Interest is the cost of borrowing the money.

Q: John and Rosamond want to retire in 8 years and can save $230 every 3 months. They plan to deposit…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: Ava Darling plans to buy a home and can deposit $1,772 per year for the next 5 years.. If the annual…

A: To calculate the future value of Ava Darling's deposits for the down payment, we can use the future…

Q: Susan Orman wants to pay $1500 semiannually to her granddaughter for 10 years for helping her around…

A:

Q: Kristina is going to finance new office equipment at a 5% rate over a 1.5 year term. If she can…

A: Using excel PV function

Q: Janet's parents want her to go to the same college that they did. They decided to pay a lump sum…

A: Given information,Compounding frequency: QuarterlyAmount deposited: Rate: NPER for future value:…

Q: Ling has saved $73,000.00. If she decides to withdraw $2,828.00 at the beginning of every year and…

A: The present value of an annuity is the current worth of a series of cash flows at a certain rate of…

Q: Jane decides to make 5 end-of-year deposits of $10,000 into a fund starting one year from now. 6)…

A: Calculate the amount at the end of 5 years as below: Resultant Table: Hence, amount at the end of…

Q: Jane is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of 3…

A: Compounding refers to the factor that allowed investors to generate higher returns on the investment…

Q: Puan Elly is planning to retire in 20 years and she plans begin withdrawing RM 50,000 anuallannually…

A: We need to use present value of ordinary annuity formula to calculate value of your retirement…

Q: Mr. Ramos savings allow her to withdraw 50,000 semi-annually for 11 years starting at the end of 5…

A: Solution Concept This is the problem related to time value of money Present value is calculated by…

Q: b. Calculate the upfront amount that she should pay under the alternative payment agreement so that…

A: Equivalent value today is present value of both payments based on time and interest rate off money…

Q: Janet's parents want her to go to the same college that they did. They decided to pay a lump sum…

A: The question is based on the concept of Present value

Q: Sarah wants to save $20,000 to use for a down payment on a home. She deposits some money into a…

A: Individuals can save for expenditure by investing in financial instruments in which money grows at a…

Q: Tara wishes to accumulate $29,000 in 5 years. Use the appropriate formula to find the sinking fund…

A: Given information, Target amount of total accumulation (A) = $29,000Time (t) = 5 yearsPayment and…

Q: When Jasmine retires she has $950,000 in a retirement account that earns 6% annual interest,…

A: Using PMT function in excel

Q: Maria wishes to accumulate $8,000 by the end of 5 years by making equal, annual, end-of-year…

A: Here we will use the concept of time value of money. As per the concept of time value of money the…

Q: Callie won a grand prize of $40,000. She has decided to invest it today in an account from the…

A: The Present Value of Ordinary Annuity refers to the concept which gives out the discounted or…

Q: Almirah wants to have P50,000 at the end of 4 years for her graduation expenses and blow-out party.…

A: Investor always prefers compounding interest rather than investing in investments that offer simple…

Q: Susanna wants to purchase a house costing $201,277. She plans to put $44,946 toward a down payment…

A: The monthly payments can be ascertained from the present value of annuity function.

Q: Allison is considering paying $400 a year for an extended warranty on several of her major…

A: Rate of interest =2% Period =5 years  Payment =$400 per year  Future value FACTOR =(1+r)n/r Future…

Q: Ms. C took a loan of $150,000 at a rate of 7 percent. She can pay equal installments of $25,000 at…

A: PV(loan amount) = 150,000I/Y (interest rate) = 7%PMT (periodic payment) = 25,000

Q: Show your complete solution. Almirah wants to have P50,000 at the end of 4 years for her graduation…

A: Counting refers to earning interest on interest. The compounding rate of interest and simple…

Q: Alexa has the following payments due: $10, 500 in five years and $15, 500 in seven years, at an…

A: The objective of this question is to find out the single payment that Alexa should make in four…

Q: et's parents decided to pay a lump sum payment today of $135000 so she will be able to make 4 years…

A: The future value is the future worth of the amount that will be paid or received in the future.

Q: Mary decided to begin saving towards the purchase of a new car in 5 years. If Mary put $500 at the…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: June Watson is contributing $2,000 each year to a Roth IRA. The IRA earns 4.4% per year. How much…

A: An income is contributed under Roth contribution for the purpose of increase in the overall return.…

Q: Puan Aminah wishes to have RM 250,000 for her children education fund of her in 15 years with…

A: Compound = Quarterly = 4Future Value = fv = RM 250,000Time = t = 15 * 4 = 60Interest Rate = r = 8 /…

Q: Ms. C took a loan of $150,000 at a rate of 7 percent. She can pay equal installments of $25,000 at…

A: The number of years over which she can repay the loan amount can be calculated using the NPER…

Q: Mystia Green is considering the purchase of a house, which will cost her $450,000. She will borrow…

A: A mortgage refers to a covered loan that is borrowed to purchase a property and the collateral for…

Q: Jennifer opted for the plan that will pay her $ 52,000 annually for 15 years. The cash will be paid…

A: Honor code: Hi, there, thanks for posting the question. As per our Q&A honor code, we must…

Q: Janet's parents want her to go to the same college that they did. They decided to pay a lump sum…

A: Lump sum Payment as on today (PV)=$126,000 Duration (n)=8*4=32 periods Rate per period (i)=6%4=0.015

Q: Sara met with a financial planner and has determined that she will need $1,250,000 when she retires…

A: Funds needed after 30 years (FV) = $1,250,000 Monthly interest rate (r) = 0.00470833333333333 (i.e.…

Q: Bryce and David plan to purchase a home for $176,000. They will pay 20% down and finance the…

A: Down payment = 20% Loan (L) = 80% of $176000 = $140800 n = 15 years = 180 months r = 8.2% per annum…

Q: Mariposa deposits $2500 in a n account with an APR of 5.5% for 10 years. How much interest will she…

A: Given information : Amount deposited = $2,500 Annual percentage rate (APR) = 5.5% Tenure = 10 years…

Q: IRA Anne Wright decides to invest $4000 in an IRACD at the end of each year for 10 years. If she…

A: Future value (FV) is the term which is described as the value of the current asset at the future…