Q: Ms. Cristiana Piccini is valuing an investment that pays her $27,000 per year for the first ten…
A: Calculation of Value of Investment: Excel Spreadsheet:
Q: How much does Tim need to save each year for 9 years as a regular savings payment if he wants to…
A: Formulas to be used In excel PMT(rate, nper, pv, [fv], [type]) Rate The interest rate for the…
Q: Rebecca wants to set aside some money for a vacation in 8 years. How much does Rebecca need to set…
A: AMOUNT REQUIRED AFTER 8 YEARS(A)=$4700 RATE OF INTEREST(R)=13% COMPOUNDED ANNUALLY TIME PERIOD=8…
Q: Assume that a couple invests $4000 each year for 4 years in an investment that earns 8% compounded…
A: Annuity refers to series of equalized payments that are paid or received at start or ending of…
Q: Ms. Cruz can buy a piece of property for ₱6,500,000 cash or ₱4,000,000 down payment and ₱4,200,000…
A: In this question, we have to analyze the two option of buying the property one is cash basis and…
Q: Hannah wants to have $ 4500 to help pay for a new deck in 7 years. If she wants to put her money…
A: FV = PV * e^(rt)
Q: Maria saves $32 at the end of each week and deposits the money in an account paying 12%…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: Suppose Kay inherits $250,000, which she invests today at a rate of return of 9 percent compounded…
A: Future value of any investment is the total of compounded value of the investments made initially…
Q: if you owe $35,000 payable at the end of eight years, what amount should your creditor accept in…
A: Amount due after 8 Years (FV) = $ 35000 Interest rate (r) = 13% Period (n) = 8 Years
Q: 1. If money is worth 5% compounded quarterly, how much must Julea save every end of three months to…
A: Here we will use the concept of time value of money. As per the concept of time value of money it is…
Q: Mrs. Cruz can buy a piece of property for ₱6,500,000 cash or ₱4,000,000 down payment and ₱4,200,000…
A: Given information: Purchase a property with cash of ₱6,500,000 or Down payment of ₱4,000,000 and…
Q: Joshua is saving up to buy a house. He invested $10000 at 3.5% per year, compounded quarterly. He…
A: Future Value: The future value is the amount that will be received at the end of a certain period.…
Q: If you put $10,000 into an investment to fund your child's college education in 18 years, how much…
A: Initial investment = $10,000 Period = 18 years Interest rate = 0.1024 Accumulated amount = ?
Q: Ann invests $1000 today in an investment that has APR of 9.8% and is compounded monthly. How much…
A: 1) Future Value = Present value * (1+r)^n Where, r =rate of interest per period i.e. 9.8%/12 =…
Q: Ginny has already accumulated $15,000 in her RRSP. If she contributes $2,000 at the end of every six…
A: Annuity refers to series of equalized payments that are made at end or start of specific interval…
Q: Susan plans to make an investment today which promises to return to her $3,000 each year for ten…
A: Using excel PV function
Q: A man wishes his son to receive $250,000 ten years from now. What amount should he invest if it will…
A: Given: FV = $250,000 To calculate: Present Value Let's understand the interest rates:…
Q: esslyn has just given an insurance company RM1 million, a sum of money she just received from her…
A: The given problem can be solved using RATE function in excel. RATE function provides interest rate…
Q: Becky would like to be a millionaire in 20 years. How much would she need to invest quarterly in a…
A: Here, Required Amount is $1,000,000 Time Period (n) is 20 years Interest Rate (r) is 9% Compounding…
Q: Sue decides to start saving money for a new car. She knows she can invest money into an account…
A: According to time value of money, FV=PV×1+RMM×N Where, PV = present value R = rate of interest M=…
Q: Frank invested $10,000 at 15% simple interest. How much interest will he earn each year?
A: Under simple interest, interest is calculated on the principal amount only; that is, interest is not…
Q: Lea now has $2,000. How much would she have after 2 years if she leaves it invested at 2% with…
A: Compound interest is when the interest is charged on the principal amount as well as on the interest…
Q: A recent college graduate's gift from her grandparents is $24,000. How much will this provide at the…
A: Compound interest formula: A=P1+rnnt A = Accumulated amount at the end P = Principalr = Nominal…
Q: Hannah wants to have $ 7500 to help pay for a new deck in 16 years. If she wants to put her money…
A: GIVEN, Future Value = $7500 Interest rate(r) = 6.25/100 = 0.0625 Time Period(t) = 16 years Present…
Q: If a person spends $10 a week on coffee (assume $500 a year), what would be the future value of that…
A: In the given question we require to compute the future value.
Q: Rhonda has saved $1,200,000 in an account. Her goal is to have 1,500,000 saved up to use as down…
A: given, pv = $1200,000 n=5 r=2.5%
Q: If Karen placed an amount of 9,700 Php in an investment that pays an interest rate of 12%,…
A: Investment = 9700 Php Interest rate = 12% Compounding = Semi annually Future value = 50,000 Php
Q: Natalie’s RRSP is currently worth $250,000. She plans to contribute for another five years, and then…
A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…
Q: Suzette is receiving $10,000 today, $15,000 one year from today, and $25,000 four years from today.…
A: GIVEN, PV0= $10,000 PV1= $15,000 PV4= $25,000 R= 9.6% N = 30
Q: Tak wants to save $10 000 for a vacation. He deposits $150 at the end of each month for 4.5 years in…
A: Solved using Financial Calculator PMT = +/- 150 N = 4.5 years *12 months = 54 I/Y = 8.7/12 = 0.725…
Q: our father paid $10,000 (CF at t = 0) for an investment that promises to pay $850 at the end of each…
A: We have to essentially find the disocunt rate at which this investment has NPV of zero. Thus, we…
Q: Susan Orman wants to pay $1,500 semiannually to her granddaughter for 10 years for helping her…
A: Present Value of annuity refers to the current value of a series of equal cash flows or payments at…
Q: In 6 years Dawn wants her current savings of $3700 to grow to $7300? What per annum rate, compounded…
A: Current saving (P0) = $3700 Future value after 6 years (FV) = $7300 Annual rate (r) = ? Period (p) =…
Q: Rose has saved $90 000. If she decides to withdraw $4000 at the beginning of each month and interest…
A: Present value is the value of the amount in current time that is expected to be received in future…
Q: To pay for your child's education, you wish to have accumulated P15,000 at the end of 15 years. To…
A: Future value (F) = P15,000 Time period (n) = 15 years Rate of interest = 6% (compounded annually)
Q: Rosina plans on saving $2000 a year and expects to earn an annual rate of 6.9 percent. How much will…
A: A study that proves that the 1value of money today is higher than the future value of money is term…
Q: Bob has saved $ 5000 towards the purchase of a car costing $ 7000. For how many months does Bob need…
A: When the interest is computed on the principal amount along with all the previously accumulated…
Q: John and Rosamond want to retire in 8 years and can save $230 every three months. They plan to…
A: In this problem we have to convert interest into quarterly interest and period into quarterly period…
Q: Kelvin has 45 years left until retirement and wants to retire with RM4 million. Assuming that his…
A: First we need to calculate he monthly payment to accumulate the amount required for retirement .…
Q: Morgan Madison needs $339,200 in 10 years. How much must he invest at the end of each year, at 9%…
A: In the given question we need to calculate how much Morgan madison needs to invest at the end of…
Q: Becca wants to save $900 per quarter for 3 years towards the purchase of an appliance. She feels…
A: Total number of quarters in 3 years = 4 quarters × 3 years = 12 quarters Thus, Becca will…
Q: Debra Moore needs $20,000 3 years from now. How much should she invest today in order to reach her…
A: Here we can use Present value formula to find investment today
Q: How long will it take for Michelle's investment to be worth $55,000 if she presently has $32,000 and…
A: In the given question we require to compute the time period from the following details: Present…
Q: Annette has just inherited $180,000. She invests this money at a rate of return of 6.47% per year…
A: Given: Present value $180,000 Rate 6.47% Another annuity $2,851 Years 20 Compounding…
Q: Tony Bautista needs $25,000 in 4 years. What amount must he invest today if his investment earns 12%…
A: The common formula used to calculate is Future value = Present value (1 +r )^n
Q: Izzie contributes $100 every other week from her paycheck to her retirement savings account. which…
A:
Q: Mrs. Nash will contribute $200 to her RRSP at the end of each month for 15 years. How much more…
A: The extra amount that she will have due to increased saving is calculated as difference in amount…
If money is worth 5% compounded quarterly, how much must Cristina save every end of three months to have 20,000 at the end of 15 years?
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- how much must brix save in his account at the end of each month in order to have 125,000.00 at the end of 5 years, if money is worth 5.88% compound monthly?Jane wants to have $200,000 in an account in 20 years. If her account earns 11 percent per annum over the accumulation period, how much must she save per year (end of year) to have the $200,000?How long will it take for Michelle's investment to be worth $55,000 if she presently has $32,000 and can earn 10% interest, compounded annually?
- Sarah wants to have $20,000 in nine years. If she puts the money in an account which pays 4% compounded monthly, how much does she need to invest?if you owe $35,000 payable at the end of eight years, what amount should your creditor accept in payment immediately is she could earn 13 percent on her money?Francine currently has $70,000 in her 401k account at work, and plans to contribute $5,000 each year for the next 20 years. How much will she have in the account in 20 years, if the account averages a 6% annual return? Submit Question
- Please help me answer the following time value of money question. How much will be in Sarah’s account in 10 years if she deposits $5000 in an account that pays 10% interest per year, compounded semi-annually?What payment every year should Carie deposit to her savings account in order to save $37,100 in 11.5 years if money can earn 3.19% compounded annually?what effective annual rate of return would rayne need to earn if she deposits 1,000 per month into an account beginning one month from today in order to have a total of 1000000 in 30 years?
- Gina aims to renovate her house 6 years from now at a cost of $128,000. How much money should she save at the beginning of each 3 months to achiever her goal if her savings earn interest at 10% compounded quarterly?Sue now has $500. How much would she have after 10 years if she leaves it invested at 8.5% with annual compoundingDebra Moore needs $20,000 3 years from now. How much should she invest today in order to reach her goal if she can earn an annual rate of 6% compounded semiannually? Round answers to the nearest dollar.