If you have 2,500 and its getting 3.4% daily how much money will you have in 40 years?

Q: 0 years at an 6.9% rate of return you'll have accumulated? keep 2 d

A: To know the accumulated amount, future value of the investment amount or principal amount is to be…

Q: You just found the perfect house. However, 15.50 percent per year to buy the house You need to get a…

A: A written agreement through which a lender gets the right to take the property that is put as a…

Q: If you invest $10,000 today at 8% how much money will you have in five years?

A: Details given in the question are  : Present value (invest today) = $10000 Interest rate = 8% Time…

Q: You will invest $31 per month. If the rate is 8.07%, how much will you have in 6 years?

A: Future value can be calculated using FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate Nper…

Q: How much must be invested today to have $1,000 in two years if the interest rate is 5%? please show…

A:

Q: You need to have $150,000 in 10 years to buy a house. You already have $70,000. What would be the…

A: The rate required to earn the future value using the present value is the compounding rate.

Q: How much should you invest each month in order to have $400,000 if your rate of return is 3.2%…

A: We need to use future value of the ordinary annuity formula to calculate monthly payment to get the…

Q: d) You want to retire in 45 years with $1 million in the bank. You think you can get an average of…

A: Time value of money (TVM) is used to measure the value of money at different point of time in the…

Q: How much will you have in 40 years if you save $3,000 each year and your account earns 8% interest…

A: In the given question we require to calculate the future value of payment made every year of $3000…

Q: If money is invested on a 10% simple interest, how much money should be invested to have Php…

A: Here, Simple Interest Rate is 10% Time period is 5 years Required Amount is Php 40,000.00

Q: if you spend half your life savings $5000 in 1 week, how long will it take to reduce your savings to…

A: Savings are done so that one should spend these when there is need of that. Savings are very…

Q: You would like to have $100,000 in 10 years’ time. How much should you save each year if the…

A: The future value = $100,000 Time period = 10 years  Interest rate = 5%

Q: How much will you need to save per day to have $22,000 after 14 years if your account earns 8%…

A: Given information: Future value is $22,000 Interest rate 8% compounded daily Number of years is 14

Q: How much do I need to save each year to have $50,000 in 15 years at an interest rate of 12%?

A: Future value of annuity is the future value of the series of periodic cash flows.   Future value of…

Q: You have a client who wants to buy a house in 2 years. He needs $40,000 for a down payment. If he…

A: in this problem we have to calculate quarterly interest rate and from that we can get present value.

Q: 6. If you make a single investment of $300,000 and can earn 8.25% compounded monthly, how much money…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: You have a client who wants to buy a house. He needs $40,000 for a down payment and has $30,000…

A: Here we have to invest $ 30000 at the 5% annual rate but compounded quarterly. and want $ 40000 in…

Q: If you have $6000 in your savings account with 0.8% APR compounded monthly, how much will you have…

A: Formula

Q: If you win $10 000 and invest it in an account that earns 3.5%/a compounded weekly, how much can you…

A: Given variable in the question:PV =$ 10000Rate=3.5% (compounded weekly)N=5 yearsRequired: Amount of…

Q: You put $200 per month in an investment plan that pays an APR of 4.5%. How much money will you have…

A: Monthly deposit (D) = $200 Monthly APR (r) = 0.00375 (i.e. 0.045 / 12) Monthly period (p) = 336…

Q: How much would you have to deposit today if you wanted to have $60,000 in four years? Annual…

A: Present value: It can be defined as today’s value of the sum of money that will be received by the…

Q: If you invest $10,000 today at 4% how much money will you have in ten years?

A: We need to calculate the future value from the following details: Present value (invest today) =…

Q: You are looking to purchase a house for $196,000. If you put 20% down and finance the rest, what…

A: Monthly payments are fixed periodic payments that are made by borrower to the lender.

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 want to have $500, 000 by saving for the next 10 years. If the annual percentage rate is 12% per…

A: The future value for an annuity refers to cumulative compounded value of all payments or deposits…

Q: You have $100 to invest for 1 year at a rate of 10%. Bread sells for $2 today and that means you can…

A: Given information: Nominal rate is 10% Inflation rate is 4% Value of investment is $100 Current…

Q: How much do I need to save each year to have $5,000,000.00 @ 3.5% in 35 years?

A: Given: Future value = $5,000,000 Interest  =3.5% Time = 35 years So, amount needed to be saved each…

Q: Assume you can earn 12% annually on your investment. How much money would you need to save each week…

A: Here, Interest Rate earned is 12% Future Value required is $1,000,000 Compounding Period is Weekly…

Q: What return per year would you need to receive in order to double your money in 8 years?

A: Assume the present value = $100 Future value =Present value × 2 = $100 × 2= $200 Time period = 8…

Q: If you want to have $500 in 4 years . How much will you have to invest at 5% interest to get that…

A: Calculate the present value of amount as follows: Present value = Future value /  (1+rate)^years

Q: If you invest $10,000 today at 4% how much money will you have in five years?

A: Details given are : Present value (invest today) = $10000 Interest rate = 4% Time period = 5 years…

Q: uppose you save $4,000 per year at the end of each year for 30 years and earn 5% interest per year.…

A: Annual saving = $ 4000 Period= 30  Years Annual interest rate = 5%   As per formula         Value…

Q: If you borrow $3000 at 14% simple interest for 10 months, how much will you owe in 10 months? How…

A: Simple interest = A × R × T  Here A = Amount borrowed '         R = Rate of interest          T =…

Q: You will invest $200 per year. If the rate is 8.83%, how much will you have in 13 years?

A: Amount invested per year is $200 Rate of interest is 8.83% Time period is 13 years To Find: Future…

Q: Suppose you save $100 per month. How long will it take you to accumulate $10,000 if the annual…

A: Following details are given to us in the question : Monthly saving = $100 Future value = $10000…

Q: You want to go on a holiday in 7 years. The cost of a similar holiday today is R70 000 and the cost…

A: Savings per month: A = R 792.523 This follows with the concept of Annuity Due. And also, it is…

Q: Suppose you need $1,000 in one year and $2,000 more in two years. If you can earn 9%, how much do…

A: The objective of the question is to find out the present value of the future cash flows. In this…

Q: What amount of money would have to be invested at 4.25% to grow to $15000 after 150 days?

A: Future value (FV) = $15000 Interest rate (r) = 0.0425 or 4.25% Number of days (n) = 150 days Lets…

Q: How much will I have saved after 6 years by contributing $1,200 at the end of each year if you…

A: Information Provided: Yearly contribution = $1200 Interest rate = 11% Years = 6