How long will it take $52,000 placed in a savings account at 10% interest to grow into $77,000? 5.12 years O 3.12 years O4.12 years O 6.12 years

Q: ould you have to deposit now to have

A: Present value would be equivalent value today required to be deposited today to receive that much…

Q: You want to have $2 million in real dollars in an account when you retire in 30 years. The nominal…

A: Future value = fv = $2 million Time = t = 30 years Nominal rate = 11% Inflation rate = 5.5%

Q: Calculating interest earned and future value of savings account. If you put $6,00 in a savings…

A: The value that is estimated for the future on the basis of current value and rate of interest is…

Q: Present Value of an Annuity-If the interest rate is 12%, how much would you have to put in the bank…

A: Interest rate = 12%Term = 5 YearsAnnual payment = $100

Q: If you deposit RM15,000 in an account earning 12%, how much would you have in the amount after 15…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

Q: Approximately, what interest rate would you need to earn in order to turn $5000 into $10000 over 8…

A: Interest rate is the rate that a lender charges on the amount provided to the borrower for the total…

Q: How long will it take $250,000 placed in a savings account at 8.5% interest to grow into $500,000?

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

Q: How much is there in a savings account in 2 year we deposit $5,000 now at a rate of 0.25% per month…

A: We need to compute the future value of $5,000 after 2years, Formula for same is : = A ( 1 + r)n Rate…

Q: How much money should be deposited today in an account that earns 8.5% compounded monthly so that it…

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

Q: If you wish to withdraw the annual payment series in the figure below, how much do you need to…

A: Solution:- When an amount is deposited somewhere, it earns interest on it. The amount initially…

Q: long does it take for an amount of money to be increased seven times

A: Interest Rates: Interest rates are the rates at which the interest that is to be paid for a certain…

Q: how many years your money will be doubled?

A: answer :- c) n= 6.12 years given  present value PV= 10000 rate r=12% future value FV = 2*10000 =…

Q: You wish to accumulate $100,000 through monthly payments of $100. If you can earn interest at an…

A: To calculate the time period for a required future value with given periodic deposits at a given…

Q: Assume that twenty years from now, you will need $50,000 and that your bank compounds interest at a…

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

Q: If $35000 is put in a savings account paying interest of 5% compounded annually, what amount will be…

A: The future value of the invested amount is determined after compounded the interest accrued with the…

Q: 2. If you deposit $2500 two years from now in a bank account that pays 4% compounded annually, how…

A: The amount that is deposited today will be more in dollar terms at certain future date due to the…

Q: Assuming an interest rate of 10%, how much (rounded to nearest dollar) will need to be deposited in…

A: Annual deposit = Accumulated saving at the end of 8th year / Future value factor at 10%, 8 years

Q: calculate how much you would have in a savings account 5 $1,000 today, given that the interest paid…

A: Future value is the amount that was deposited and amount of interest accumulated over the period of…

Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 10% interest. How…

A:

Q: What will a deposit of $5500 at 7.8% compounded monthly be worth if left in the bank for 5 years?…

A: In the TVM calculator the input parameters will be: N  = 60 (5 years * 12 months in a year = 60) I%…

Q: If you invest $10,000 today at 4% how much money will you have in five years?

A: Details given are : Present value (invest today) = $10000 Interest rate = 4% Time period = 5 years…

Q: account after 10 years? 12. Charlene opens a savings account at, 6% interest rate compounded…

A: The future value of an annuity refers to the total value that an annuity will accumulate or grow to…

Q: How much should you deposit in an account so that you can withdraw $5300 every year for the next 18…

A: Using excel PV function

Q: What is the future value of a three-year, ordinary $ 1,000 annuity when money is worth

A:

Q: 4. Problem 5.04 (Time for a Lump Sum to Double) еВook If you deposit money today in an account that…

A: The period of time in which the investment amount gets double can be estimated using the Rule of 72.…

Q: How long will it take $50,000 placed in a savings account at 17% interest to grow into $76,316.53?

A: Present Value, pv = $50,000Interest Rate, rate = 17%Future Value, fv = $76,316.53To compute the…

Q: How much money would be accumulated in year 10 if you deposit 1000 in years, 0, 2, 4, 6, 8,  and 10…

A: Simple interest is one of the oldest and simplest forms of calculating interest. Under this method,…

Q: (Comprehensive problem) You would like to have $54,000 in 16 years. To accumulate this amount, you…

A: Future value = $54,000Period = 16 yearsInterest rate = 6% per annum

Q: How much should you invest each month in order to have $500,000 if your rate of return is 3.9%…

A: A liquid investment refers to an asset that can be easily bought or sold without causing significant…

Q: What is the rate of interest by what $100 becomes $200 in 4 years?

A: An interest rate is the cost of borrowing money or the return earned on invested funds, expressed as…

Q: How much money you must invest today in order to withdraw P 2,000 per year for 10 years, if the…

A: Annuity refers to the equal amount of payments/deposits at equal intervals for a definite period at…

Q: Your savings account pays 6% annually. Assuming this interest rate remains constant, how much do you…

A: If the annual saving interest is 6%. let's say the amount invested is X So total amount after 4…

Q: Problem 6 What is the annual equal amount of money you have to set aside to guarantee yourself an…

A: A stream of cash flows that goes on forever into the future is called "perpetuity." This is as…

Q: question 20

A: Future Value = Present value*(1+Interest rate)*No. of periods WherePresent Value = $850Interest Rate…

Q: ve in your account today ompounded annually. Calculate the amou and th 5860

A: Given information :

Q: A $2 million deposit earns 7 percent for 13 years. If the account earns 9 percent per year forever…

A: TVM refers to the capacity of money to earn interest because money earned earlier is considered more…

Q: 3. Time Value of Money Assume that ten years from now, you will need $10,000 and that your bank…

A: As you have asked multiple questions we will solve all parts of the first question for you as per…