How much money should be deposited each year for 12 years if you wish to withdraw $309 each year for five years, beginning at the end of the 14th year? Let i= 8% per year.

Q: if you invest $10,000 per year at the end of each year for three years at in 6.7% rate of return…

A: Future Value Annuity = PMT×Where:FV - future value of the annuity.PMT - annual payment r - annual…

Q: How much should be invested each year for 10 years to provide you with $7000 per year for the next…

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

Q: How much money will be in a bank account at the end of 15 years if $100 is deposi ted today and the…

A: Following details are given in the question : Deposit today (Present value) = $100 Time period = 15…

Q: ou plan to invest $5,000 at the end of each of the next 10 years in an account that has a 9 percent…

A: Future Value is the value of current investments at a certain future date at the assumed…

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: 6. If you deposit $4,000 now, $5,000 at the end of 2 years and $6,000 at the end of 5 years into an…

A: The concept of money's time value reveals that any sum currently is worth more as compared to the…

Q: If you save $1,900 at the beginning of every year for ten years, for how long can you withdraw…

A: Annuity refers to a cashflow screen of equal amount at equal time intervals or in simple words…

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: What is the future value of $13,000 to be received at the end of each quarter over a period of 10…

A: Quarterly receipts = $13,000Period = 10 yearsInterest rate = 6%

Q: Assume you make 10 equal annual deposits of $2000 into an account paying 12% per year. How much is…

A: Periodic payments can be made monthly, quarterly, half-yearly or annually. In the given question,…

Q: How much money must be deposited at the end of each year in a savings account that pays 9% per year,…

A: Future value (FV) = P10,000 Interest rate = 9% e = 2.7182818284590452353602874713527 Effective…

Q: If you save $335 at the beginning of every three months for ten years, for how long can you withdraw…

A: Saving (PMT)  $                       335.00 Time Period (Years) (NPER) 10 Interest Rate  8%…

Q: If $27,800 is invested in an account that earns interest at an annual rate of 2.8%, compounded…

A: We need to use future value continuous compounding formula below to calculate number of years.A =…

Q: What amount must be set aside now to generate payments of $30,000 at the beginning of each year for…

A: Annual payment (P) = $30,000 Interest rate (r) = 5.52% Period (n) = 10 Years

Q: I invest 33,996 today and expect a reimbursement every 6 months with a ROR of 0.1 compounded…

A: solution given Present value of investment 33996 Rate of interest 10% Semiannual…

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: you invest $10,000 in an account that earns an APR of 5% with monthly compounding, what will be the…

A: More is the compounding than more will be effective interest rate and more interest will collect…

Q: How much money will be in an account for 10 years from today if 20,000 is deposited today at a rate…

A: Following details are given in the question: Present value (Investment today) = $20000 Time period =…

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 will I have 8 years from now, if I will invest $10398 at the end of each three months for…

A: The future value of the annuity is the total value of all the payments which is occurred regularly…

Q: If you invest $10,000 per year at the end of each year for 3 years at an 5.5% rate of return, you…

A: Future Value of anuity = P * [ { (1 + r )n -1 } /r ] where, P =  periodic payment r = interest rate…

Q: How much money should be deposited each year for 12 years if you wish to withdraw Php 15,450 each…

A: Here, To Find: Deposits made each year (PMT) =?

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: How much money do I need now if I am going to recieve $5000 every 6 months (starting in 6 months)…

A: Compound = semiannually = 2Payment = p = $5000Time = t = 10 * 2 = 20Interest rate = r = 4 / 2 = 2%

Q: You will deposit $2,000 per year for the next 10 years. Then, you will start drawing money out of…

A: Future value is the value of the present cash flows in future. Investor will deposit same equal…

Q: 22) An investment pays you $5,000 at the end of each of the next five years. Your plan is to invest…

A: The amount after 5 years can be computed using the future value formula.

Q: How much must I deposit into an account every month to have $1,500,000 in 15 years at a rate of 7%…

A: A recurring deposit is a special type of term deposit offered by banks which help people with…

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: You invest $10,000 at the end of each 5 years. If i=4%, What is the value of the account at EOY 5?…

A: At the end of year 5, the value of the account where $10,000 is invested every 5 years at an…

Q: How much money would you need to set aside each year for 14 years, at 10% interest, to have…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: How much money should be deposited each year for 6 years starting 1 year from today, if you wish to…

A: Here, Withdrawal Amount is $5132 Time Period for Withdrawal (n) is 13 years Time Period to start the…

Q: How much will I have 8 years from now, if I will invest P10,741 at the end of cach three months for…

A: Quarterly investment = P 10,741 Period = 3 Years Number of quarterly payments = 3*4 = 12 Annual…

Q: if a person begins saving money by depositing $4000 per year (Annually ) at an interest rate 10% per…

A: Given information: Annual deposits : $4000 Interest rate : 5% Time period : 5 years

Q: If you deposit $7889 per year for 5-years where i= 10% per year, find F:

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: if $204 is deposited in a savings account at the beginning of each year for 12 years and the account…

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

Q: How much money must be deposited at the end of each quarter if the objective is to accumulate…

A: Working note:

Q: please answer with details on how to do it. Thank you. If a one-time amount of $10,000 is invested…

A: Future amount in case of compounding can be calculated as: = Principal * ( 1 + rate) ^ number of…

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: If you wish to save $100,000 at the end of 5 years, how much will you need to invest each month if…

A: Compounding of interest means the interest rate will be applied on the accumulated principal plus…

Q: You want to invest an amount today that will last for 8 years and allow you to withdraw $725 at the…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: what amount will accumulate if we deposit 8500 at the beginning of each year for the next 10 years…

A: Solution Given Deposit at the beginning of each year 8500 Number of period 10 years…

Q: You wish to have an annual cash inflow of $48,000 at the end of each of 6 years. How much must you…

A: Cashflow(PMT) $48,000  Time (n) = 6 years  Rate (r) = 4%

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.