If Kenzo wants to have $19,000 in his account exactly 8 years from todayhow much should Kenzo deposit annually (first deposit to be made today and the last deposit to be made exactly 8 years from today), assuming an annual interest rate of 10% p.a.? $1,633.33 None of the answers in this list is within $ 0.20 of the correct answer . $ 1,699.17 $ 1,675.88 $ 1,661.44 $ 1618..60

Q: Question 6 What is the amount you can withdraw at the end of 20 years if you make $1,500 monthly…

A: Future value of ordinary annuity = A x [(1+i)^t - 1] / iwhereA = Periodic cash flow = Monthly…

Q: None

A: Given information: Annual deposit (PMT) = $910 Number of year (n) = 6 Interest rate (i) = 4% or 0.04…

Q: If you wish to withdraw $200 at the end of EACH of the next 3 years earning 3.5% per year, what…

A: Present Value of annuity refers to the current value of all the series of payments or income at…

Q: Assume you deposit $1,000 today in an account that pays 8 percent interest (compounded annually).…

A: Given: Present value = $1,000 Years = 4 Interest rate = 8%

Q: (Refer to this word problem In order to plan for their retirement, a married couple decides to…

A: Quarterly payment (Q) = P 50000 r = 8% per annum = 2% quarterly = 0.02 n = 10 years = 40 quarters

Q: Using an interest rate of 8% compounded quarterly, in how many months from today should this payment…

A: First, we are going to discount every payment due to PV using the formula below: PV = CFn(1+r)nWhere…

Q: Jason owes $42000 due at the end of 3 years with interest at j4 = 2.5%. In order to payoff the loan…

A: In this financial scenario, Jason has a loan obligation of $42,000 due at the end of 3 years with an…

Q: A) When you retire, you move $300,000 into an account that pays nominal interest of 4%, compounded…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Question 5 3. 1 3 4 EOY 6. 7 8. 9. 10 20 21 22 23 24 25 26 27 28 29 30 CF $300 A2 Аз A4 As Five…

A: This can be considered as a case of decreasing annuity in which the annuity amount is declining by…

Q: Question  1 :-

A: The objective of the question is to find out the original investment Victor made in his savings…

Q: You deposit $2,000 one year and $1000 next year starting year 1 until year 30 with an interest rate…

A: The given problem is calculated using Excel. Interest amount = Opening balance X interest rate…

Q: None

A: To calculate the future value of an annuity with monthly deposits, we can use the Future Value of an…

Q: Incorrect Your answer is incorrect. The Barnes family wants to save money to travel the world. They…

A: Future Value of Ordinary Annuity: It represents the future worth of the annuity payments made at…

Q: 4. A young engineer at the age of 25 wants to accumulate the amount P3.5M when he retires at the age…

A: Monthly deposits can be calculated using following formula in excel.   PMT(rate, nper, pv, [fv],…

Q: 1. 1 3 6. 8 9. 10 EOY 20 21 22 23 24 25 26 28 29 30 CF $100 $100 $100 $100 $100 27

A: The $100 cash flows is an annuity and here we can find the present value (PV) first and then convert…

Q: 7. If you deposit $5,000 at the end of each of the next 20 years into an account paying 10.8 percent…

A: Future value of a present value is the value of that amount after taking into account the time value…

Q: If Emily deposits $500 every other year into her bank account that pays 1.5% annual interest,…

A: Compound = Every Other year or once per 2 year = 0.5Payment = p = $500Time = t = 10 * 0.5 =…

Q: If you deposit OMR 5000 in your account in a bank; if your bank pays 9.05% interest, how much will…

A: future value = present value *(1+rate)^n future value = 5000 * 1.090515

Q: Jabari Williams wants to have $112,000 in his account exactly 20 years from today. The account earns…

A: Future value required=$112000Period=n=20yearsInterest rate=r=8%

Q: Nicole is planning for retirement. she deposits $825 at the end of each year in an ordinary annuty…

A: Data given: Money deposited at the end of each year = $825 Interest rate=4% compounded annually.

Q: Derek currently has $11,998.00 in an account that pays 4.00%. He will withdraw $5,794.00 every other…

A: Savings Accounts is a deposit facility offered by commercial banks. It allows accountholder to…

Q: Suppose you walk into a bank and want to make a 10-year deposit. Bank manager tells you that the…

A: Annual deposits = $10,000Period = 10 yearsInterest rate = 5%

Q: If you wish to accumulate $205,000 in 6 years, how much must you deposit today in an account that…

A: Future value (FV) = $205,000 Interest rate = 15% Monthly interest rate (r) = 15%/12 = 1.25% Period =…

Q: How much must be deposited today into the following account in order to have $75,000 in 8 years for…

A: Present value is the current value of the future sum of money, at a specified rate of…

Q: You have just been notified that you will receive $8,700 a year for the next 17 years from an…

A: We should accept the amount today in exchange for annual receipts would be the present value of the…

Q: QUESTION 10 Suppose you deposit $5,000 a year at the end of each year for 10 years. You earn 4.2%…

A: Future value is the value of asset or investment, made for the number of period at equal interval at…

Q: How much should you deposit in an account so that you can withdraw $5300 every year for the next 18…

A: Using excel PV function

Q: To establish a revenue stream for your retirement, you deposit $89000 in an account with a nominal…

A: Information Provided: Initial Deposit = $89,000 Monthly payments = $311.50 Interest rate = 4.20%…

Q: Jason is investing his money in a financial institution whose interest rate is 15% compounded…

A: Per month  interest rate  = 15/12 = 1.25%

Q: c) A lawn mower machine has a scrap value of RM6,900 at the end of 10 years. The book value at the…

A: Depreciation is the decrease in the value of fixed asset with the passage of time due to wear and…

Q: Salem wishes to withdraw AED 30,000 at the end of each year of the next 6 years from his bank…

A: Annual withdrawal amount (A) = AED 30000 n = 6 years r = 10%

Q: in the amounts of money in the two accounts after 23 years? f these options are correct 2.40 5.94

A: Simple Interest is a simple way of calculating interest  where the principal amount remains constant…

Q: 1. Compute the present value of a $2,000 deposit in year 1, and another $1,500 deposit at the end of…

A: Present value means the actual amount is adjusted with the interest rate so as to get the present…

Q: 1. Jenny puts $200 into a months. What would you

A: Future value refers to the value of a current asset at some future date affected by interest rate,…

Q: You are to make monthly deposits of $425 into a retirement account that pays an APR of 10.6 percent…

A: Future value= Present value* ([1 + I]^N - 1 )/I Present value = $425 I = 10.6/12 = 0.883% N = 31 x…

Q: b) Starting from 1* October 2020 with a fresh bank account, Chong save RM25 into the bank account…

A: Future value is the worth of the current amount in some specified future date at given interest…

Q: Every year on 1st January between 2020 and 2049 inclusive (so 30 times), you deposit $1,000 into a…

A: Future value refers to the value of the investment after compounding interest. Interest is the…

Q: Fou plan to deposit $4,700 at the e ccount paying 10.3 percent interest. . How much will you have in…

A: Given information :

Q: Dave deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year,…

A: Interest rate = 0.1 Year Deposit 2 4000 3 4500 4 5000

Q: You are to make monthly deposits of $250 into a retirement account that pays 11 percent interest…

A: The FV of an investment refers to the cumulative worth of the cash flows of the investment at a…

Q: Derek will deposit $2,040.00 per year for 12.00 years into an account that earns 7.00%. The first…

A: STEP 1 Future value is the worth of a specific asset at a future date that has been established. In…