How much money would you have to deposit today in order to have $5,000 in three years if the discount rate is 6 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
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A: INFORMATION: RATE 9% YEARS 8 PMT (MONTHLY WITHDRAW) $5,000 FUTURE VALUE $0
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A:
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A: Deposit required today = FV/(1+r)n Where FV - Future value = $60,000 r - Interest rate = 9% n -…
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A: Annual payment (A) = $500 n = 23 years for ordinary annuity r = 7%
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A: Interest is the cost of borrowing or lending money.
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Q: What is the future value of a $900 annuity payment over five years if interest rates are 8 percent?…
A: The accumulated value can be calculated as future value of annuity
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A: Given: Amount = $780 Interest rate = 3% Years = 4
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A: "Since this question contains multiple parts, we will answer only the first part for you. Kindly…
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A: Future Value is known as Terminal Value. The accrued amount of FVn on principal amount after n…
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A: Future value of annuity=C×1+in-1iC=Cash flow per periodi=Interest raten=Number of payments
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A: The extra amount to be deposited can be calculated as follows :
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A: Given: Year 1 , PMT = $50000 It grows by 5% till year 25 Rate of interest = 7%
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A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: f you put up $41,000 today in exchange for a 5.1 percent, 15-year annuity, what will the annual cash…
A: Present value (PV) = $41000 Interest rate (r) = 5.1% Number of annual payments (n) = 15
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A: 1) FV = PV * (1 + r / m)m*n FV = future value PV = present value = $12,000 r = rate of interest =…
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A: The future value of annuity due refers to the future value of a series of payments. The future value…
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A: Interest is the cost of borrowing or lending the money.
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A: Information Provided: Payment = $5000 Term = 12 years Interest rate = 5.5% compounded annually
Q: How much would be in your savings account in 9 years after depositing $190 today if the bank pays 9…
A: Deposit amount (P) = $190 Interest rate (r) = 9% Period (n) = 9 Years
Q: You plan to deposit $2,300 per year for 5 years into a money market account with an annual return of…
A: The formula to calculate future value of annuity is given below,
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A: Present value = Future value/(1+required rate of return)^n. Use PV Function in excel Future value =…
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A: Payment in 1 year (P1) = $360 n = 1 year r = 9%
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A: Present value means the actual amount is adjusted with the interest rate so as to get the present…
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A: The amount required to deposit today can be calculated as the present value of sum
Q: You will require $650 in 5 years. If you earn 5% interest on your funds, how much will you need to…
A: Present Value(PV) is current value of amount due to paid or receive in future that is computed by…
Q: What is the value today of $5,100 per year, at a discount rate of 7.9 percent, if the first payment…
A: Given: Note: First payment in 6years, that means at the end of year 5.
Q: How much will you need to invest annually to reach a savings goal of $300,000 at the end of 25…
A: n=25r=5%FV=300000
Q: Suppose you found a CD that pays 2.9% interest compounded monthly for 6 years. If you deposit…
A: Deposit money (P) = $12000 Compound interest (r) = 2.9% compounded monthly Time (nt) = 6 years =…
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A: Calculation of number of years: Answer: Number of years is 4
Q: 1. How much should you deposit into an account that pays 3.6% compounded monthly if you want to have…
A: Future Value (FV)=$15,000 Duration (n)=10*12=120 periods Rate of interest (i)= 3.6%12=0.003 As per…
Q: Suppose that one year from now you receive $620. What is it worth today if the discount rate is 2%…
A: Details given are : Future value after one year = $620 Discount rate = 2% = 0.02 We need to…
Q: How much would you need to save each month in an account that earns 8% interest compounded monthly…
A: To calculate the monthly payment we will use the following formula Monthly payment =…
Q: How much would be in your savings account in 7 years after depositing $350 today if the bank pays 10…
A: To calculate the future value we will use the below formula Future value = P*(1+r)t Where P -…
Q: 4. If you receive $116 each month for 28 years and the discount rate is 0.08, what is the present…
A: This Question require to calculate the Present Value of Cash flows received every month for 28…
How much money would you have to deposit today in order to have $5,000 in three years if the discount rate is 6 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))
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- You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.How much would be in your savings account in 9 years after depositing $190 today if the bank pays 9 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) whats the future valueYou plan to depost $5.300 a paying 10.3 percent interest & How much money will you have in the account in 25 years? Do not round intermediate calculations and round your answer to 2 decimal places. 3216) & How much will you have if you make deposits for 50 years? Do not round intermediate calculations and round your answer to 2 decimal places g.1216) 50
- How much would be in your savings account in seven years after depositing $290 today if the bank pays 10 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Future value4. If you receive $116 each month for 28 years and the discount rate is 0.08, what is the present value? (show the process and can use financial calculator)What is the present value of a cash payment of $1.2 that you will receive in 5.3 years if the interest rate is 6.5%? Round to 2 decimal places. Include dollar signs ($) and percents (%) as appropriate.
- If you deposit money today in an account that pays 10.7 percent annual interest, how long will it take to double your money? a. 6.82 years b. 9.35 years c. 10.70 years d. 2.73 years e. The answer cannot be calculated without knowing how much money is initially deposited.If you put $1,000 in a savings account that pays interest at the rate of 3 percent, compounded annually, how much will you have in 7 years? Round the answer to the nearest cent. Round FV-factor to three decimal places or use the Appendix A . (Hint: Use the future value formula.) $ How much interest will you earn during the 7 years? Round the answer to the nearest cent. $ If you put $1,000 at the end of each year into a savings account that pays interest at the rate of 3 percent a year, how much would you have after 7 years? Use the Appendix B . Round the answer to the nearest cent. Round FV-factor to three decimal places. $1. If you receive $29 each quarter for 19 years and the discount rate is 0.05, what is the present value? (show the process and can use financial calculator)
- What is the value today of $4,300 per year, at a discount rate of 10 percent, if the first payment is received 6 years from today and the last payment is received 20 years from today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)What real annuity (in today’s dollars) will $1 million support if the real interest rate at retirement is 2.3% and the annuity must last for 20 years? Note: Enter your answers in whole dollars, not in millions. Do not round intermediate calculations. Round your answer to 2 decimal places.What is the future value of a $500 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) FV = $_______.__