how much money would you need to put aside at the beginningmof each month for the next 30 years in order to have $1 million, with3% compounded monthly

Q: If you pay $500 each year into an account that grows at 14% per year, how much will you have in the…

A: An annuity is end of year deposits made over a period of time at a specified rate of interest.The…

Q: If you invest $5,000 now, and your investment pays 12% per annum, how much will you have in three…

A: Following information is given in the question: Investment today (Present value) = $5000 Annual…

Q: If the cost of capital is 12%, what is the present value of a perpetuity that pays $11,000 at the…

A: The present value of perpetuity can be calculated as ratio of cash flows and the discount rate

Q: If you invested $300 monthly at 6.5% APR compounded monthly, how much money do you have available…

A: Monthly investment (P) = $ 300 Annual interest rate = 6.5% Monthly interest rate (R) = 6.5%/12 =…

Q: If you invest $48500 to earn 7% interest, which of the following compounding approaches would return…

A: Compounding in simple language means the interest on the previous interest. So if the compounding…

Q: How much money would have to be deposited every quarter if acompany wants to have 75,000 at the end…

A: The present value of annuity with continuous compounding can be calculated using this formula,

Q: How much money would you have to invest today at 9% APR compounded monthly to accumulate the sum of…

A: The problem is asking us to find out how much money we need to invest today (the present value) to…

Q: you are paying into an investment account that pays 8% compounded annually. If you are making…

A: In the given question we require to calculate the future value from the following details: Interest…

Q: What present value amounts to $25,000 if it is invested for 20 years at 5% compounded annually?…

A: Solution Concept The interest rate compounded annually means the interest is charged on interest and…

Q: You will receive $1,000 forever starting from the end of next year. The account pays  10% compounded…

A: The PV of an investment refers to the combined worth of the cash flows of the investment after they…

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: years

A: 7 years starting from the beginning of the month , so the number of times it grows  n = 1+7*12= 85…

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 long can you make these withdrawals if you earn an annual percentage rate of 4.8 percent?

A: Present value illustrates the current value of a sum of money that will be received or paid in the…

Q: How many years will it take for $14,000 to grow to $43,000 if you can earn an average rate of 8.8%…

A: Given information: Future value of amount is $43,000 Present value is $14,000 Average rate is 8.8%

Q: You have $187, 620 saved toda and plan to withdraw $9,000 a year. How long can you make these…

A: Time, value of money refers to the concept used for estimating the future value of the current asset…

Q: You wish to have $40,000 dollars in 6 years. How much do you need to deposit today if the rate is…

A: The present value of the cash flow is the current worth of a cash flow at a certain rate of interest…

Q: You have decided to set aside a fixed amount every quarter in order to have $12,000 available for a…

A: The amount to be deposited every quarter can be calculated with the help of future value of annuity…

Q: you put $200 per month in an investment plan that pays an APR of 2.5% How many will you have after…

A: An annuity is a type of financial contract intended to give someone a steady stream of income…

Q: You are investing $25,000 for 10 years at 10%. How much more money would you have with monthly…

A: Variables in the question:Principal=$25000N=10 yearsRate=10%

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 must be invested today at 6% compounded quarterly to have $8,000 in 5 years? Round your…

A: For the above calculation, we need to use the following formula   A = P ( 1 + r / n )^nt   Where  A…

Q: How much should be invested each year for 10 years to provide you with $8000 per year for the next…

A: Present value includes the value without interest rate and future value includes the value with…

Q: have $50,000 in savings for retirement in an investment earning a stated annual rate of 4%…

A: Today amount=$50000Future value required=$1000000Interest rate=4%Compounding quarterly