At the end of the term, how much could you withdraw from a2%interest bearing account if you deposit$1200per year for 10 years? Omit "$" and include the cents.

Q: F4. You deposit $10,282 at the end of each year for the next 18 years. Your deposits earn 10…

A: The Future Value of Ordinary Annuity refers to the concept which determines the sum total of all the…

Q: None

A: Given information: Annual deposit (PMT) = $910 Number of year (n) = 6 Interest rate (i) = 4% or 0.04…

Q: If you wish to withdraw $200 at the end of EACH of the next 3 years earning 3.5% per year, what…

A: Present Value of annuity refers to the current value of all the series of payments or income at…

Q: If you have only Rs.750 on Jan 1, 2007, what interest rate compounded annually for 3 years must you…

A: Future value is the value of the current assets or some amount that is invested today and amount…

Q: How much will a $100 deposit made today be worth in 10 years if interest is compounded quarterly at…

A: Future value of the deposit includes the amount being deposited and amount of interest accumulated…

Q: 2. Find an expression in terms of the nominal interest rate convertible quarterly for the…

A: Nominal interest rate=rCompounded quarterly=44 months annuity=$640Period=21 yearsTotal period=21 x…

Q: Use the compound interest formula A=P(1+r/n)to the not to complete this problem. If you invest $1800…

A: Use the compound interest formula A=P(1+r/n)^(n*t)   = final amount = Initial Principal  =…

Q: Compute the future value in year 9 of a $2,100 deposit in year 1, and another $1,600 deposit at the…

A: Year 1 deposit = $2,100 Year 5 deposit = $1,600 Interest rate = 0.09 Future value = ?   Future value…

Q: If you make quarterly deposits of $425.00 into an ordinary annuity earning an annual interest rate…

A: Annuity is the series of equal cash payments over the period.

Q: A) When you retire, you move $300,000 into an account that pays nominal interest of 4%, compounded…

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

Q: How much must you deposit in an account today so that you have a balance of $18,355 at the end of 11…

A: Present value is an estimate of the present value of future cash values ​​that may be received at a…

Q: Suppose that an account was opened with a $988 deposit at the beginning of 2030 and that there were…

A: Time value of money is a financial concept which is used to calculate the value of money in present…

Q: How much must be deposited today into the following account in order to have $45,000 in 8 years for…

A: Step 1 With a certain rate of return, present value (PV) is the current value of a future financial…

Q: What is the future value of $10,000 on deposit for 5 years at 6% simple interest?

A: The objective of this question is to calculate the future value of a deposit of $10,000 for 5 years…

Q: You are planning to make monthly deposits of $370 into a retirement account that pays 9 percent…

A: Compound = monthly = 12Monthly Deposit = d = $370Interest Rate = r = 9 / 12 = 0.75%Time = t = 35 *…

Q: Please don't use excel   You plan to deposit $12,000 in an account that earns 6% annual interest,…

A: Interest is an extra payment which will received on deposited value for the period. It increase the…

Q: What APR is being earned on a deposit of $5,000 made 10 years ago today if the deposit is worth…

A: The real interest that an investor earns on the investment and a borrower pays on loan after…

Q: 1. The following are exercises in future (terminal) values: a. At the end of three years, how much…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: A person borrows $390 that he must repay in a lump sum no more than 10 years from now. The interest…

A: Loan amount = $ 390 Annual interest rate = 9.9%

Q: You are planning to make monthly deposits of $340 into a retirement account that pi 9 percent…

A: Compound = Monthly = 12Payment = p = $340Interest Rate = r = 9 / 12 = 0.75Time = t = 35 * 12 = 420

Q: What is the present value of $2,000 that will be received after 4 years if the interest rate is 12%…

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

Q: If $16800 is deposited in a savings account today, what amount will be available three years from…

A: Future value is an estimate of the future cash flows ​​that may be received at a future date,…

Q: Your bank pays an interest rate quoted as 5.0% per annum compounded semi-annually. You invest $1,000…

A: Semi-annual interest rate (r) = 5%/2 = 2.5% Number of Semi-annual compounding (n) = 5 years x 2 = 10…

Q: ____ value refers to the total value of the deposit after 7 years. Select one: a. principal b.…

A: The term Principal refers to amount deposited today. The term compound refers to ability of…

Q: Please do not answer this question in excel thank you in advance. A deposit of $2,500 is made into…

A: Future value is the value of an asset which grow to a higher value in future. It helps to make…

Q: You are planning to make monthly deposits of $300 into a retirement account that pays 8 percent…

A: Future value is the amount of money worth at a future date. This can be calculated based on the time…

Q: You make a $2500 deposit today in a savings account that pays 3.5% interest APY compounded monthly.…

A: Initial deposit = $2500 Interest rate = 3.5% compounded monthly Period = 10 years

Q: Starting next month, if you make monthly deposits of $501 into a retirement account that earns 6%…

A: Future value refers to the value of an investment or asset at a specific point in the future, based…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: Future Value is that amount which includes the interest which is received by investing the amount at…

Q: You deposit $300 each month into an account earning 7% interest compounded monthly. a) How much will…

A: Future value (FV) of today's money similar to the concept of compound interest which follows that…

Q: You deposit £942 every two years start from the end of Year 4 to the end of Year 40. The interest…

A: We must divide this issue into many steps in order to find a solution: Step 1: Find the…

Q: Compute the future value in year 8 of a $3,500 deposit in year 1, and another $3,000 deposit at the…

A: Step 1: Step 2: Step 3: Step 4:

Q: to withdraw from the account each month. Find the number of withdrawals under each of the following…

A: Ordinary Annuity: It represents a series of annuity payments made at the end of each period.…

Q: You borrow $ 29429 at 12.25 % interest compounded monthly. If you are unable to make any payments…

A: The amount owing denotes the total of all debt that the business entities are required to pay,…

Q: How much must be deposited today into the following account in order to have $75,000 in 7 years for…

A:

Q: Ordinary Annuity (Please don’t use excel) How much monthly deposit must be made for 7 years and 3…

A: We need to use future value of ordinary annuity formula to calculate monthly deposit. PMT…

Q: What is the present value of receiving $2,500 at the end of each year for 5 years, assuming 7%…

A: As it is the case of annuity due, thus, the first table will be used @7%, 5 years.

Q: ed, then bank payable is 5 years?

A: As given in the problem, there is a bank loan of Php 300,000 that is payable in 5 years.In the…

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: How much money will you end up with if you deposit $150 at the end of each month into an account…

A: Given: Interest rate = 8.4% years = 18 Amount =$150