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: 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: 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: What amount today

A: Step 1: Given Value for Calculation Future Value = fv = $100Time = t = 1 YearsOpportunity Cost = r =…

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: . Example 2 You would like to have $500,000 in your retirement account when you retire in 25 Your…

A: The future value of money is considered as the sum of money received after a period of time at a…

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: 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: 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: You currently have $10,000 in your bank account. You will invest this $10,000 and $750 every quarter…

A: For calculation of annual rate of return we need to calculate rate per quarter first. The future…

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: (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