How much money must be deposited at the end of each year in a savings account that pays 9% per year, compounded annually, in order to have a total of $10 000 at the end of 14 years?

Q: A company wants to have $50,000 at the beginning of each 6-month period for the next 4.5 years. If…

A: Final amount = $50,000Time = 4.5 years Rate = 6.23% compounded semi-annually

Q: How much money will be in the bank account at the end of 4 years if $5000 is deposited at the end of…

A: Future value: It implies to the value that an investment will carry at some point of time in future…

Q: w much will be in an account at the end of five years the amount deposited today is $10,000 and…

A: The given problem can be solved using FV function in excel. FV function computes  future value for…

Q: How much money will be in s bank account after thress years, if the account pays 6% inerest…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: You deposit $3000 in an account earning 7% interest compounded monthly. How much will you have in…

A: Data given: PV=$3000 I=7% (compounded monthly) N=15 years   Working Note#1 Computation of monthly…

Q: What is the future value of $2,500 deposited for one year earning a 14 percent interest rate…

A: In the given question we require to compute the future value of investment from following details:…

Q: If you deposit $700 every year for the next 5 years, with first deposit to be made today and all…

A: Amount deposit per year = $700 Time period = 5 Years Interest Rate = 3.76%

Q: Assume you put $400 per month into a retirement account for 14 years, and the account has an APR of…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: How much money do you need now to set up a perpetuity that pays $2,000 at the end of each quarter if…

A: In finance, there are two types of series of cash flows, i.e., an annuity, and perpetuity. An…

Q: If you were to make a deposit of $5,000 today in an investment account expected to pay 5% pa.…

A: The question is related to Time Value of money.When interest is calculated on total of previously…

Q: If i deposit $1,884 per year into a savings account earning 2% interest per year, how much will i…

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

Q: If for the next 40 years you place $3,000 in equal year-end-deposits into an account earning 8% per…

A: The amount of $3,000 that is being placed in equal year end deposits is an annuity. The amount that…

Q: How much do you have to deposit at the end of each year if you need $ 2856 in 4 years, assuming k =…

A: The Amount to be deposited each year for 4 years at the end of each year shall be computed as above.

Q: You deposit $4000 each year into an account earning 2% interest compounded annually. How much will…

A: The Future Value of an Ordinary Annuity refers to the concept which gives out the compounded or…

Q: How much should Mang Juan deposit in his account every month to accumulate 1,000,000 in 15 years if…

A: Given information : Expected amount 1000000 Time period 15 Interest rate 7% Effective…

Q: How much will be in an account at the end of five years the amount deposited today is $10,000 and…

A: The given problem can be solved using FV function in exceL. FV function computes amount BALANCE in…

Q: How much will you have in accumulated savings 20 years from now if you deposit $2,000 at the end of…

A: Period = 20 Years Year end deposit = $ 2000 Growth rate = 2% Interest rate = 5%

Q: You put $1,000 into a savings account today that offers a 55% APR with semi-annual compounding…

A: GIVEN, PV = $1000 N = 2 M = 2 (SEMI ANNUAL) R=55%

Q: How much should you put into a 13% (annual rate) savings account in order to have 20,000 dollars in…

A: Future  value = $20,000Annual rate = 13% = 0.13Number of years = 6

Q: If I deposited $7900 into a savings account that compounds daily at an annual rate of 5.1% how much…

A: We need to use compound interest formula to calculate balance amount after 5.9 years.A =…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.