Hannah wants to have $ 4500 to help pay for a new deck in 7 years. If she wants to put her money into an account earning 7.25% interest compounded continuously, how much should she invest now, so that she will have $ 4500 in 7 years? Payment amount =

Q: Problem 1: Sandy wants to have an income of $8300 per year from investments. To that end she is…

A: Solution 1:- When an amount is invested somewhere, it earns interest on it. In case of simple…

Q: Gabby is planning to buy a home.  She has some money for a down payment already saved.  She sees a…

A: Monthly payment on the borrowing is calculated using following equation Monthly payment =…

Q: Q) Susan is 22 years old and today she opened a savings account that offers an interest rate of 12%…

A:

Q: 1. Hannah deposited 1,500 in a bank with an interest rate for 1 year. What is the future of her…

A: IN finance the time value of money is considered so there is present value and future value concept…

Q: you wish to save $30,000 as a down payment for a house in 7 years. How much must you save every year…

A: Given: FV =$30000NPER =7 YearsRate of Interest =4%

Q: Gabby is planning to buy a home.  She has some money for a down payment already saved.  She sees a…

A: Step 1). Monthly payment on the borrowing is calculated using following equation Monthly payment =…

Q: Roger is saving up money for a down payment on a house. He currently has $5351$⁢5351, but knows he…

A: Future value is the estimated value of current assets that is discounted at an assumed rate of…

Q: Josie wants to be able to celebrate her graduation from CSULA in 5 years. She found an annuity that…

A: According to bartleby guidelines , if question involves multiple sub parts , then 1st sub 3 parts…

Q: How much should Emmi expect to get after 5 years if she invest n$ 500.00 in today? this with an…

A: Investment = $ 500 Annual interest rate = 3% Period = 5 Years

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: Pretend that you are saving up for a down payment on a car or house. Pretend that we get an…

A: A savings account seems to be an account that is opened by a salaried person. It is a very basic…

Q: Suppose Ted deposits $10,000 in a savings plan earning 5% compounded annually and Tess deposits…

A: Future value  The value of the current investment on a future date is called the future value. The…

Q: If John deposits $5,000 in a bank account that pays simple interest of 4%, how much will I have in…

A: Data given: Amount deposited= $5000 Interest=4% p.a. t=7 years

Q: If Laura invests $1,230.00 in an account earning 2.95% simple interest, how much money will be her…

A: Simple Interest is the method in which we calculate the interest on a specific principal amount at a…

Q: Joe and Alicia want to put money in a savings account now so that they will have $2000 in 5 years.…

A: To calculate the investment amount we will use the below formula   Investment amount = F/(1+r/m)n*m…

Q: Ingrid wants to buy a $22,000 car in 6 years. How much money must she deposit at the end of each…

A: Future Value = $22,000 Time Period = 6 Years Interest Rate = 5.8%

Q: 7. Kate deposits $9,900 each yearinto her retirement account. If these funds have an average eaming…

A: Given, A=$9900 r=11% n=40 years

Q: Michelle wants to set aside funds to take an around the world cruise in four years. Assuming that…

A: FV = A * (1+r)nwhereFV = future value A = Amount investedr = interest raten = time period

Q: Ms. Maya Manaco has P2,500,000 to invest for a ear. She can lend it to his brother who has agreed o…

A: Solution Given Alternative 1 Simple interest Rate 10% Present value 2500000…

Q: Rosie is buying a car for $25,500; She is Scheduled to make 7 annual instalments. Given an interest…

A: Given that, Cost of car = $25,500 Number of instalments = 7 Interest rate = 8%

Q: (b) Aminah plans to buy a house in Shah Alam which the market price is RM450,000. To buy the house,…

A: The amount to be deposited each year is known as an annuity. It refers to the equal payments made at…

Q: To help with a down payment on a home, Jenny is going to invest. Assuming an interest rate of 1.67%…

A: Using excel PV function

Q: How much should John save today if he wishes to obtain n$ 547.00 in 5 years time? He expects to earn…

A: John should save today if he wishes to obtain n$ 547.00 in 5 years time if he expects to earn 3%…

Q: Hannah wants to have $ 7500 to help pay for a new deck in 16 years. If she wants to put her money…

A: GIVEN, Future Value  = $7500 Interest rate(r)  = 6.25/100 = 0.0625 Time Period(t) = 16 years Present…

Q: Caitlyin is saving to buy a house.She plans to deposit $12, 000into her account today and 1year from…

A: The objective of the question is to calculate the total amount of money Caitlyin will have in her…

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: Ann Chang is investing $3,500 TODAY and will do so at the BEGINNING of each year for the next six…

A: The payments made on a regular basis that is equal in amount and made at the beginning of the…

Q: Assume Sheryl Jenkins wants to accumulate $ 12,485.35 in two years. She currently has $ 10,809.59 to…

A: Future Value is that amount which is received by the investor in future. it includes the interest…

Q: How much will be in Sarah’s account in 10 years if she deposits $5000 in an account that pays 10%…

A: the balance in the account will be the amount deposited along with the interest accrued over the…

Q: In 3 years, Muhammad wants to have a balance of $10,000 in his savings to take a trip. What monthly…

A: Compound = monthly = 12 Time = 3 * 12 = 36 months Future value = fv = $10,000 Interest rate = r =…

Q: Ingrid wants to buy a $16,000 car in 8 years. How much money must she deposit at the end of each…

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

Q: Hannah wants to have $ 1500 to help pay for a new deck in 10 years. If she wants to put her money…

A: Time has been valuable in all aspects but in terms of finance, time has a money value. The worth of…

Q: How much is the annual interest rate, assuming compounding annually Molly should aim at if she…

A: Future Value is the value of current investments at a certain future date at the assumed…

Q: Beatrice takes out a 7 year loan of $5000. The interest rate is 4.5%. What are Beatrice's monthly…

A: In order to find the monthly payment one can use excel and in excel use PMT function.

Q: Can you show me how this is done?   Ava Darling plans to buy a house in 10 years and needs $17,446…

A: The principle of present value implies that a sum of money today is worth more than a sum of money…

Q: Calculate the amount of money that must be saved at this time.

A: Formula for present value annuity is; PV = FV/(1+(r/n))nt Where as, PV = Present value FV = Future…

Q: Poonam wants to invest in an account today to have S4000 at the end of 8 years. If she can invest at…

A: As per the given information: Amount (A) = $4,000 Rate (r)= 4.25% Period (t) = 8 years To determine:…

Q: Ben decides to take out a loan for $50,000 for 5 years at 7% monthly. If he pays an extra $200 per…

A: Using excel PMT function

Q: 6) Susan is looking to purchase her first home five years from today. The house costs $1,550,000.…

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

Q: A man buy a house after 10 years. He expects to buy the house then with 2 million. Calculate the…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: Hannah wants to have $ 5500 to help pay for a new deck in 13 years. If she wants to put her money…

A: Future value = fv  = $5500 Time = t = 13 years Interest rate = r = 8%

Q: Karen wants to have $22,559 in her investment account in 5 years. If her bank offers an annual…

A: Following details are given in the question : Future value = $22559 Time period = 5 years Interest…