Elaine just received an insurance settlement of $25.000. She wants to invest this money today to one day buy a Honda Civic Sl (around $40k) If she can earn an average of 6.5% compounded annually, how much will she have after 8 years? Excel Spreadsheet Equation Sheet O $78,154.59 O $27,857.46 O$41,374.89 O $43.711.23 O $63.711.78 Moving to another question will save this response. D

Q: Adam purchases a retirement annuity that will pay him $1,500 at the end of every six months for the…

A: Semi Annual Payment  $              1,500.00 Time Period (years) 8 Interest rate 4% Monthly…

Q: Your grandmother bought an annuity from Great-West Life Insurance Company for $439,002 when she…

A: Time, the value of money refers to the concept used for calculating the future value of an asset…

Q: After graduating from Eastern, you have gotten an extremely good job that you enjoy. Your plan is to…

A: An annuity is a series of payments compounded at a specified rate for a specified period of time to…

Q: $289744.28

A: Formula for FV in Excel:= FV(rate,nper,pmt,pv)where, rate = Interest ratenper = number of…

Q: 0. Dale wants to invest money in a 6% CD account that compounds semiannually. Dale would like the…

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

Q: Bob wants to save $20,000 to buy a new car in 4 years without obtaining a loan. He knows he can…

A: The amount required to invest today can be calculated with the help of present value function.

Q: You want to have $2million when you retire. You think you can earn 11% return on your retirement…

A: The question is based on the concept of present value calculation for future cash flow. Formula as,…

Q: A scholarship provider has $525000 which she will invest today to fund a scholarship forever. She…

A: An "annual payment" refers to a recurring sum of money that is made or received on an annual basis,…

Q: A scholarship provider has $500,000 which she will invest today to fund a scholarship forever. She…

A: Present value of annuity due = (Annual scholarship payment / Interest rate) + Annual scholarship…

Q: 5. A man wishes his son to receive P200,000 ten years from now. What amount should he invest if it…

A: As per Bartleby guidelines, If multiple questions are posted, only the first 1 question will be…

Q: Amy is going to contribute $150 per month to her retirement account, starting one month from today.…

A: Here, Particulars Values Own contribution   $ 150.00 Employer's contribution  $ 150.00…

Q: Your father paid $10,000 (CF at t = o) for an investment that promises to pay $575 at the end of…

A: Expected Return is that percentage of earnings which is earned by the investor from the project. It…

Q: Nia now has $130. How much would she have after 10 years if she leaves it invested at 8.5% with…

A: Compound interest is a powerful concept in finance, it occurs when interest is calculated not only…

Q: Connor has $550,000 to invest in a 5 year annuity. Assuming the time value of money is 10%, what…

A: PV = Present Value (in this case, the amount Connor has, which is $550,000)PMT = Annual cash flow…

Q: Your grandparents just gave you a gift of $3,000. You are investing this money for 10 years at 3…

A: Solution:- In simple interest method, amount of interest earned = Principal amount x Annual interest…

Q: Emily is trying to decide between investing $1,000 or $1,500 at the beginning of each year for the…

A: Future value of money is the amount of deposit done and the amount of compounded interest…

Q: How much do you need to invest today to receive $7,500 in 8 years, if you can earn 3% on your…

A: INFORMATION: RATE 3% YEARS 8 PMT (MONTHLY DEPOSIT) 0 FUTURE VALUE $7,500

Q: Q3. Ricardo plans to own a 1 hectare lot after 10 years for an estimated cost of P5M. To accumulate…

A: Here, Required Amount (FV) at the end of 10th year to purchase lot is P5,000,000 Interest Rate (r)…

Q: 1) Penny wants to h pay 0.18 percent in each deposit have to n 1%

A:

Q: Am. 111.

A: a. Accumulated savings: $545,783.26They will save $24,000 each year for 8 years, resulting in =…

Q: You are working as an analyst for a financial advisor. One of your clients says they want to retire…

A: Annual withdrawal (P) = $55,000Annual interest rate (r) = 6.5% or 0.065Number of years (n) = 30We…

Q: Inez wants to have $16,250 in 4 years. Use the present value formula to calculate how much Inez…

A: Present value formula. PV = FV(1+r)n where , PV = Present value  FV = future value r = interest rate…

Q: Lily has an account that pays 3.48% simple interest per year and wants to accumulate $4,000 in…

A: Interest per year can be calculated as: = Principal * Rate * Time

Q: Your sister just deposited $11,500 into an investment account. She believes that she will earn an…

A: The current worth that would be same as the amount saved by the sister in seven years at 10% can be…

Q: How much money do you need today to ensure that you will have $18000 in 4 years, assuming you can…

A: The present value of money is the amount that a future cash flow is worth today, taking into account…

Q: Chris invests $19,000 at 4% simple interest for 7 year. How much is in the account at the end of the…

A: Investment is the practice of exchanging current revenue for an asset that is expected to provide…

Q: wants to remodel his game room in 9 years. He o be $15584. Find the sinking fund payment if h ase an…

A: Sinking fund is amount annual cash flow required for future investment.

Q: month into a fund that earns interest at 4.50% compounded m a. How many deposits does she need to…

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

Q: Carol wants to Invest money in a 6% CD that compounds semiannualy Caral would like the account to…

A: We need to use Future value table to solve this problem. PV =FV/FV factor Where PV =present value…

Q: Payments of Ordinary Annuities Ryan wants to get together $40 000 to purchase the first house in his…

A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…

Q: You would like to give your daughter $75,000 towards her college education 16 years from now. How…

A: The amount to be set aside today is calculated as the present value using following equation Present…

Q: Sandy wants to go on a trip in 10 years. If she invests $1,000 per year at the end of each year for…

A: Introduction Interest rate; A rate of interest indicates how expensive borrowing is or how…

Q: You are scheduled to receive $45,000 in two years. When you receive it, you will invest it for 5…

A: Amount Received = $45,000Investment Period (n) = 5 yearsInterest Rate (r) = 5% or 0.05

Q: lan to start your own business and are investing today to grow some seed money.  You have $16917 to…

A: Future value of money is the amount today that is deposited and amount of interest accumulated over…

Q: You are scheduled to receive $40,000 in two years. When you receive it, you will invest it for 6…

A: given, pv= $40,000 r=7% n=6

Q: Your sister just deposited $13,000 into an investment account. She believes that she will earn an…

A: Time value of money is one of useful source of finance being used in business. It means amount…

Q: You want to have $10,500 saved 8 years from now. How much less can you deposit today to reach this…

A: A = whereA = Amount to be deposited todayFV = future valuer = interest raten = time period

Q: How much money does Suzie need to have in her retirement savings account today if she wishes to…

A: Payment = p = $25,000Time = t = 3 YearsAverage Rate of Return = r = 13%

Q: You want to retire with $400 000 in the bank and you are able to earn 6% compounded quarterly for…

A: The amount to be invested today is calculated using present value equation below Present value =…

Q: An engineer is considering buying a life insurance policy for his family. H currently owes $65,000…

A: Currently owes amount = $65,000Annual available income = $50,000Annual interest rate = 5%

Q: Margaret has an investment opportunity where she can receive cashflows as follows 1) $1000 end of…

A: Here, YearCash flows1 $1,000.002 $1,000.003 $1,100.004 $1,100.005 $1,200.008 $1,400.00Interest…