How much do you have to deposit today so that beginning 11 years from now you can withdraw ​$15,000 a year for the next 5 years​ (periods 11 through 15​) plus an additional amount of ​$30,000 in the last year​ (period 15​)? Assume an interest rate of 9 percent. The amount of money you have to deposit today i

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A: Annuity means no. of payments which are equal in size and made at equal length of intervals. Person…

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Q: You have $14,000 in the bank today.  How much would you need to save each year in order to…

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

Q: What is the present value of $3,000 paid each year forever, assuming a discount rate of 5% and the…

A: The question is solved by computing the present value of perpetuity.present value of perpetuity…

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A: Present Value = Annuity * PVAF (Periodic rate, Number of Periods )

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Q: Assume that you are going to receive $468 yearly until the day of your retirement (15 years from…

A: The annuity is a series of cash flow wherein an equal amount is paid every period. The value at the…

Q: If you want to receive $1,000 each year for the next three years how much should you invest today?…

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Q: You can invest $5,000 today in an account that earns an annual interest rate of 8%. Using the…

A: In the given case, we have provided the current investment or initial investment, annual interest…

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A: The deposit required to be made today can be calculated as the present value

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

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A: Future worth is computed by multiplying the existing value with a given interest rate.

Q: If you deposit $287.50 into an interest-bearing savings account today, what rate of interest must be…

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Q: You found out that now you are going to receive payments of $9,000 for the next 11 years. You will…

A: Annual Payments = $9,000 Time period = 11 years Annual interest rate = 11%

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A: To Find: Annual deposits Lumpsum payments

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A: To calculate the deposit amount we will use the below formula   Deposit amount =…

Q: You expect to receive a one-time payment of $1,000 in 10 years and a second payment of $1,500 in 15…

A: Here, One-time payment = $1,000 in 10 years Second payment = $1,500 in 15 years Annual interest rate…

Q: you deposit $3000 today in an account earning 3.5% annual interst and keep it for 10 years. In 10…

A: Total amount present in the bank account after 30 years is $111,430.6Explanation:First we calculated…

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A: The deposit required today is calculated as the present value.

Q: How much will you have to save each year (to the nearest dollar)?

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Q: If you deposit $1000 today in an account earning 10% APR compounded annually, and you deposit…

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Q: how much is this account worth in today's dollars?

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Q: You will deposit $354 each year into an investment account that earns 5% interest (as an effective…

A: The question is based on the concept future value of annuity payment for 10 years at end of period,…

Q: interest

A: Formula to calculate the annual deposit A(F/A, i, n)(F/P, i, n)