Assume you make 10 equal annual deposits of $2000 into an account paying 12% per year. How much is in the account 10 years after the last deposit?
Q: How much money will be in a bank account at the end of 15 years if $100 is deposi ted today and the…
A: Following details are given in the question : Deposit today (Present value) = $100 Time period = 15…
Q: eposit $10 in an account that pays 5% interest, compounded annually, how much will you have at the…
A: The given problem can be solved using FV function in excel. FV function computes future value for…
Q: You make two annual payments of $2,000 each (the first payment is made one year from today) into a…
A: Number of annual payments (N) = 2 Payment = 2000 Interest rate = 10%
Q: First City Bank pays 6% annual simple interest on its saving account balances, whereas Second City…
A: given, first bank simple interest=6%second bank compound interest =6%p=$7500n=10 years
Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…
A: Future value of any deposits made is equivalent to the compounded value of deposits made for all the…
Q: How much money must be deposited at the end of each year in a savings account that pays 9% per year,…
A: Future value (FV) = P10,000 Interest rate = 9% e = 2.7182818284590452353602874713527 Effective…
Q: You deposit $4000 in an account earning 8% interest compounded monthly. How much will you have in…
A: Given information ; P = 4000 r = 8% or 0.08 Compounded monthly so n = 12 t = 15 years
Q: You deposit $600 in an account earning 7% interest compounded annually. How much will you have in…
A: Future value of a value is the amount which the grow from the principal amount to future amount with…
Q: How much would you need to deposit in an account now in order to have $2000 in the account in 10…
A: Here, Future Value is $2,000 Compound Period is Monthly Interest Rate is 7% Therefore, Monthly…
Q: Suppose that you place $1,000 in a bank account each year for the next 20 years. How much would be…
A: Annuity means finite no. of payments which are same in size and made in equal intervals for the…
Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…
A: Future Value is the compounding of present value at the specified rate of interest.
Q: You deposit $4000 each year into an account earning 4% interest compounded annually. How much will…
A: Future value of annuity = Annual payment x [(1 + i)n - 1]/i i = Interest rate n = number of years
Q: If you deposit $6800 today in an account that pays 5.0% per year, compounded quarterly, how much…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: IF you deposit $300 each quarter into an account earning 3.2% compunded quarterly, how many years…
A: Quarterly payment (PMT) is $300. Annual rate of return is 3.2% and Rate of return per quarter is…
Q: You plan to deposit $100 at the end of every quarter (3 months) for 8 years starting at the end 8f…
A: Compound interest is the nothing but an interest on a deposit computed on principal amount and the…
Q: Assume you make 10 equal annual deposits of $2000 into an account paying 8% per year. How much is in…
A: The amount available 6 years after the last deposit will be the future value of this annuity.
Q: Suppose you deposit $1,250 at the end of each quarter in an account that will earn interest at an…
A: Computations as follows: Hence, the amount available at the end of four year is $24,225.28.
Q: Suppose you invest $1,000 in an account paying 10% interest per year. How much will you have in the…
A: In this question future value is to be find out. Future value is the value of an asset which grows…
Q: You deposit $3000 each year into an account earning 5% interest compounded annually. How much will…
A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…
Q: You deposit $4000 in an account earning 3% interest compounded monthly. How much will you have in…
A: The amount after 10 years will be the future value of the initial deposit.
Q: The bank is paying 9% interest compounded quarterly. If you deposit P5,000 at the beginning of each…
A: Interest rate (r) = 9% per annum = 2.25% per quarter Quarterly deposit (Q) = P 5000 n = 10 years =…
Q: You wish to have $40,000 dollars in 6 years. How much do you need to deposit today if the rate is…
A: The present value of the cash flow is the current worth of a cash flow at a certain rate of interest…
Q: ou deposit $300 in an account earning 6% interest compounded annually. How much will you have in the…
A: Amount Deposited = $300 Interest Rate(r) =6% Years(N) =10
Q: How much must be deposited at the beginning of each year in an account that pays 7%, compounded…
A: Here, The future value is FV i.e $28,000 The rate of interest is r i.e. 7% The maturity is n i.e 10…
Q: Assume you put $600 per month into a retirement account for 14 years, and the account has an APR of…
A: Given: Particulars Amount Payment(PMT) $600 Years 14 Interest rate 3.02%
Q: You deposit $4000 in an account earning 5% interest compounded monthly. How much will you have in…
A: Given: Interest rate = 5% Present value = $4,000 Period = 10 years
Q: If you deposit $10,000 in a bank account that pays 10 percent interest annually, how much would be…
A: Future value of a lumpsum deposited today can be calculated using the future value…
Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…
A: Ordinary Annuity is way of payment where payment happens at the end of each period.
Q: If you invest $900 in a bank in which it will earn 8 percent compounded quarterly, how much will it…
A: PV = $ 900; r = 8% compounded quarterly; m = frequency of compounding = 4 (as there are four…
Q: If 2400 dollars is invested in an account for 10 years. Find the value of the investment at the end…
A: Future value(FV) is the value of initial investments at a future date after compounding it with a…
Q: You make deposits of $300 each year for the next 17 years at 5 % compounded annually. How much is in…
A: Annual deposit (P) = $300 Interest rate (r) = 5% Period (n) = 17 Years
Q: 20. $1,000 is deposited each month in an account paying 4.23% for 15 years. Then, $350 is deposited…
A: Note : As per our guidelines, we can only answer one question at once. Please post other question…
Q: Assume you deposit $5700 at the end of each year into an account paying 11.25 percent interest.…
A: Given: Deposit = $5,700 Interest rate = 11.25% Future value= ?
Q: You open a bank account, making a deposit of $300 now and deposit of $1000 every other year (the…
A: Amount deposit now for 10 years = 300 Amount deposited every year from & at the end of 2nd year…
Q: CNB, Inc. will deposit $25,000 into a money market account at the end of each year for the next…
A: Compound Amount= A=P(1+r)nt A= FInal amount P= Initial Investment r= interest rate t= No. of times…
Q: You deposit $10,000 in an account that pays 5.85% per year, compounded continuously. Find the future…
A: Annual deposit (A) = $10000 Interest rate (r) = 5.85% n = 6 years
Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…
A: Annual deposit (P) = $ 3000 Annual interest rate(R) = 2% Period (N) = 35 Years
Q: Suppose you deposit $100 today in an account paying 8 percent. In one year, you will deposit another…
A: Given information: Yearly deposit amount $100 Number of years is 1 Interest rate is 8%
Q: Suppose that $1,500 is placed in a bank account at the end of each quarter over the next 20 years.…
A: Use the following formula to calculate the effective interest rate (EIR). Where i is the effective…
Q: You deposit $6000 in an account earning 7% interest compounded monthly. How much will you have in 15…
A: Time has been precious in all perspectives, however in terms of finance, time has a monetary value.…
Q: You deposit $6000 in an account earnings 7% interest compounded monthly. How much you will you have…
A: future value formula: future value = present value×1+RMM×N where, R=rate M=frequency
Q: If you initially invest $3500 in an account that earns 4.7% interest compounded daily, how much will…
A: Initial investment (PV) = $3500 Interest rate (r) = 4.7% Number of compounding per year (m) = 365…
Q: You deposit $6000 in an account earning 4% interest compounded monthly. How much will you have in…
A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per period i.e. 4%/12 =0.333%n =…
Q: For 8 years, $52 is deposited each week into an account that earns 2.1% interest, compounded weekly…
A: This question has two parts, First - $300 compounding every week for 8 years which is simple…
Q: If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your…
A: In the given question we require to compute the future value from following details: Present value =…
Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much will you have in…
A: Given:Deposit amount=$3000Rate=3% interest compounded monthly.To compute:Amount in account after 15…
Q: If you borrowed S 15,000 to be repaid in 20 equal quarterly payments and after your 10th payment you…
A: Present value refers to the current valuation for a future sum. Investors determine the present…
Q: You deposit $1000 each year into an account earning 8% compound annually. A) How much will you have…
A: ordinary annuity-in which payment is end of each period. annuity due :-payment is made at beginning…
Q: You deposit $2000 in an account earning 8% interest, compounded quarterly. How much will you have in…
A: Principle P :- $2000 Time t :- 11 years Rate of interest r = 8% Compounded quaterly No. of intervals…
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityIf Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?
- You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one year and the rate is 10%?You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.
- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?Assume you make 10 equal annual deposits of $2000 into an account paying 8% per year. How much is in the account 6 years after the last deposit?If you deposit $50,000 in an account that pays an annual interest rate of 10% compounded monthly, what will your account balance be in 11 years?
- You deposit $500 in an account earning 7% interest compounded annually. How much will you have in the account in 10 years?Assume you deposit $5,200 at the end of each year into an account paying 10 percent interest. a. How much will you have if you make deposits for 34 years?You deposit $2000 in an account earning 8% interest, compounded quarterly. How much will you have in the account after 11 years? Round your answer to the nearest cent.
