How much do you need in your account today if you expect to make quarterly withdrawals of $8,900 for 7 years and also make a special withdrawal of $34,500 in 7 years. The expected return for the account is 3.28 percent per quarter and the first regular withdrawal will be made in 3 months. Input instructions: Round your answer to the nearest dollar. $
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- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?You want to be able to withdraw $4500 from an account at the end of each 6-month period (that is, twice a year) for the next 11 years. How much money should you invest now into an account earning 4.1% interest per year, compounded every 6 months, in order to fund the desired withdrawals? Assume the account is empty after the last withdrawal is made. Give the answer correctly to 2 decimal places. The amount to invest now is ______ dollars.
- You want to be able to withdraw $4000 from an account at the end of each 6-month period (that is, twice a year) for the next 8 years. How much money should you invest now into an account earning 2.4% interest per year, compounded every 6 months, in order to fund the desired withdrawals? Assume the account is empty after the last withdrawal is made. Give the answer correctly to 2 decimal places. ns The amount to invest now is dollars. ons Do NOT use the dollar sign in the answer box. essonsYou want to be able to withdraw $8500 from an account at the end of each 6-month period (that is, twice a year) for the next 10 years. How much money should you invest now into an account earning 2.9% interest per year, compounded every 6 months, in order to fund the desired withdrawals? Assume the account is empty after the last withdrawal is made. Give the answer correctly to 2 decimal places.You have $164,000 in an account today paying 2.8% interest. What are the monthly withdrawals you can make out of this account so that it lasts you exactly 14 years? Round to the nearest dollar. Type your numeric answer and submit what shirt ww You have$164,000in an account today paying 2.846 interest. What are the monthly withdrawals you can make out of this account so that it lasts you exactly 14 years? Round to the nearest dollar. Type your numeric answer and submit
- You want to be able to withdraw $3,500 each month for 20 years. Your account earns 10% interest. How much do you need in your account at the beginning? Answer = $ (Round to the nearest cent/penny)Suppose you have $60,000 in a savings account earning 2%. You would like to make equal quarterly withdrawals from this account for the next 7 years. How much can you withdraw such that you have zero balance left after the last withdrawal? Round to the nearest dollar. Type your numeric answer and submitHow much should be deposited now into an account earning 8.4% interest per year, compounded every 6 months, in order to fund withdrawals from the account in the amount of $1500 at the end of each 6 month period for the next 9 years? The account is to be empty after the last withdrawal is made. Round to the dollar and do not include $ sign in your answer just the number
- i need the answer quicklyYou plan to deposit $1,500 per year for 4 years into a money market account with an annual return of 3%. You plan to make your first deposit one year from today. What amount will be in your account at the end of 4 years? Do not round intermediate calculations. Round your answer to the nearest cent.$ Assume that your deposits will begin today. What amount will be in your account after 4 years? Do not round intermediate calculations. Round your answer to the nearest cent.$Suppose you want to have $500,000 for retirement in 30 years. Your account earns 9% interest. How much would you need to deposit in the account each month? Submit Question H Q Search