How much money should you put in the bank now to have the bank pay 100 JD each month starting the forth month for all lifetime, i=10% compounded monthly

Q: You want to be able to withdraw $3,500 each month for 20 years. Your account earns 10% interest. How…

A: Present value of annuity is the value of recurring regular interval future cashflow discounted to…

Q: You owe the Bank of US $700 in one year, $900 in 3 years, and $1200 in 6 years. How much would it…

A: Let's first understand the question and the information given -Amount due in 1 year$700Amount due in…

Q: If you want to have $875 in 36 months, how much money must you put in a savings account today?…

A: Present value:Present value is a financial concept that refers to the current worth of a future cash…

Q: Hamilton wants to accumulate ₺ 24.000 at the end of 4 years. It starts quarterly payments in a bank…

A: Amount at the end of 4 years = 24000 Total Terms(n) = 4*4 = 16 quarters Anbuak rate =6% Quarterly…

Q: compounded

A: Formula to calculate preset value: PV = FV/(1+r/n)^nt Where PV is the present value, FV is the…

Q: How many months will it take to pay off a credit card debt of $4,000 by paying $250 per month at an…

A: Using NPER function in excel

Q: How much is there in a savings account in 2 year we deposit $5,000 now at a rate of 0.25% per month…

A: We need to compute the future value of $5,000 after 2years, Formula for same is : = A ( 1 + r)n Rate…

Q: 141,919.03 to

A: must be found out. There are two kinds of deposit one is deposited today, and another at the…

Q: Use PMT= PA to determine the regular payment amount, rounded to the nearest dollar. Your credit card…

A: Monthly payment for a credit card carries the payment for interest and payment for the loan balance…

Q: Listen How much will you have in 6 years if you save $3,600 at the end of every six months? Money…

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

Q: 2. A consumer loan has a scheduled payment of P 2,000 every quarter for 3 years. If money is worth…

A: Quarterly payment (P) = P 2000 Period = 3 Years Number of payments (n) = 5 Interest rate = 9%…

Q: Marcus is trying to decide which checking account to open.  Bank A's account pays 1.6%, compounded…

A: To compare the returns on two different accounts, we need to calculate the effective annual interest…

Q: How much money should be deposited today in an account that earns 8.5% compounded monthly so that it…

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

Q: If you deposit RM25,000 in an account earning 16% with quarterly compounding, how much would you…

A: Amount of Deposit = RM 25,000 Interest Rate = 16% per annum Quartery interest Rate(r) = 16%/4 = 4%…

Q: How much should you deposit each month in order to save $20,000 in five years? The account you will…

A: Details: RATE (5.75%/12) 0.479167% PERIOD  (12*5) 60 PRESENT VALUE $0 FUTURE VALUE $20,000

Q: An investment account returns 2.81% annually. You want to withdraw $ 9,000 each year for the next 9…

A: The present value of an annuity is the value today of a series of equal payments made at fixed…

Q: Michael plans to retire in 11 years. When he does, he would like to withdraw at the beginning of…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: What is the value today of $500 per month forever, with the first $500 payment occurring two months…

A: Monthly payment (C) = $500Monthly interest rate (r) = 0.01 (i.e. 0.12 / 12)Present value = ?First…

Q: You have a $1000 in your pocket, compensation money for having to take BUQU 1130 with an irritating…

A: The concept of time value of money will be used here.Money deposited in bank will grow as it will…

Q: You just deposited $15,000 in a bank account that pays a 4.0% nominal interest rate, compounded…

A: The future value can be calculated using the following formula

Q: I now have $24,000 in the bank earning interest of .75% per month. I need $34,000 to make a down…

A: Down payment is a payment made for a purchase in its early stage.

Q: A man deposited P5,000 in a bank at a rate of 10% per annum for 9months and 25days. Find the…

A: Future value of deposits is the sum of all the deposits compounded using the provided discount rate.

Q: You put $4500 into a bank CD at a rate of 8.5%. You are only going to leave your money in there for…

A: Deposit amount (P) = $4500 Interest rate (r) = 8.5% Period (t) = 6 Months = 0.50 Year

Q: Claudine Corporation will deposit $4,000 into a money market account at the end of each year for the…

A: Time value of money is a financial concept which is used to analyze various investments and…

Q: How much money must you invest today in order to withdraw 12,150 annually for 4 years of the…

A: Annual withdrawal = 12150 Monthly withdrawal (P) = 12150/12 = 1012.50 Period = 4  Years Number of…

Q: If you want to earn 5% annual simple interest on an investment, how much should you pay for a note…

A: To solve this question one has to find the present value. Present value is the value of an…

Q: If you borrow $29834 with an annual rate of 12% compounded monthly and make a payment of $403 every…

A: The borrowing is the amount that is borrowed by the person, a company from any of the financials…

Q: You wanted to accumulate $20,000 in 5 years from now and you decided to deposit 5 deposits with same…

A: Future value (FV) = $ 20000 Number of annual deposits (n) = 5 Real rate = 4% Inflation rate = 3%…

Q: nth. Round all values to the nearest cent. A. What is the finance charge for this first month? B.…

A: finance fee is the interest  pay on a loan you owe,If you carry a debt from one payment month to…

Q: Hamilton wants to accumulate ₺ 24.000 at the end of 4 years. It starts quarterly payments in a bank…

A: Amount at the end of 4 years = 24000 Years = 4 Terms(n) = 4 *4 = 16 quarterly deposits Rate (r) = 6%…

Q: Suppose you deposited $41,000 in a bank account that pays 5.75% with daily compounding based on a…

A: The objective of this question is to calculate the future value of a deposit in a bank account with…

Q: Hamilton wants to accumulate $170.000 at the end of 4 years. It starts quarterly payments in a bank…

A: in this you have to find out future value FACTOR and find quarterly payment.

Q: If you deposit $2,200, how long must you wait until your account has grown to $3,900? Number of…

A: The time value of money recognizes the idea that the value of an amount of money today differs from…

Q: If you owe $1,000 on a credit card with 12% interest (monthly compounding) and make payments of…

A: To calculate the number of months it will take to pay off the credit card debt, we can use the…

Q: You already have $54,700 in your savings account that earns 3.50% compounded annually. You will…

A: The concept of the time value of money states that the same amount of money has more value today…

Q: Subject : - Finanace  assume you currently have a chase sapphire preferred card with a balance of…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: A bank loan of P6,000,000 at 10% pa, is to be paid in 10 equal payments, the first of which to be…

A: Loan = 6,000,000 Interest rate = 10% p.a. Number of annual payments = 10 First loan payment starts…