How much money should be deposited at age 15 in order to withdraw $35000 at the end of each year for 11 years if the first withdrawal is made at age 30. The account earns 9% compounded quarterly. Hint: Round effective rate to two decimal places. For the time where no withdrawals are being made, use 9% compounded quarterly.

Q: What weekly deposits should be made into a savings account paying interest at 8.9% / year compounded…

A: Formula used in calculation: Where,A = Weekly depositsFVA = Future value of the annuity (or…

Q: How much must be deposited at the end of each month for 9.5 years to accumulate to $3866.00 at 10%…

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Q: How much will deposits of $270 made at the end of each 6 months amount to after 5 years if interest…

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Q: You plan to deposit $200 at the end of every six months for 8 years starting at the end of month 6.…

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Q: How much should be deposited now into an account earning 8.4 % interest per year, compounded every 6…

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Q: You deposit $201 at the end of each quarter into an account that pays a nominal annual rate of 16%…

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Q: Find the monthly payment on the loan. Assume that the term of the loan is 10 years. $6300 at 7.8%…

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Q: How much must be deposited at the beginning of each quarter in an account that pays 5% compounded…

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Q: w much money should be deposited at age 5 in order to withdraw $50000 at the end of each year for 16…

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Q: A bank pays 6% interest, compounded semiannuall formula to find how much should be deposited (in $…

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Q: Use the appropriate formula to find the future value (in $) of $900 deposited at the beginning of…

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Q: What lump sum of money must be deposited into a bank account at the present time so that ​$600 per…

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Q: You want to receive ​$275 at the end of every three months for 5 years. Interest is 5.7% compounded…

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Q: You deposit $87000 into an account which pays 4% compounded quarterly. You leave the money in the…

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Q: What cash payment is equivalent to making payments of $1471.00 at the end of every year for 8 years…

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Q: Suppose you deposit $2,550 at the end of each quarter in an account that will earn interest at an…

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Q: You are planning to make 18 monthly withdrawals beginning at the end of the sixth month. You plan to…

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Q: what amount must be deposited now in order to withdraw 2,000 at the beginning of each month for 3…

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