In 5 years, we need $25,000. How much do we deposit today if the annual interest rate is 8%, compounded monthly?
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityHow much must be invested now to receive $30,000 for 10 years if the first $30.000 is received one year from now and the rate is 8%?If you need 6,000 5 years from now, how much of a deposit must you make in your savings account each year, assuming an 8 percent annual interest rate?
- If you deposit $5,000 4 years from today, how much will you be able to withdraw 10 years from today if interest is 8.5% per year compounded annually?You wish to have $40,000 dollars in 6 years. How much do you need to deposit today if the rate is 10% compounded monthly?You owe $100,000. You plan to make monthly payments of $1000. If the interest rate is 6% monthly, what is the smaller concluding deposit?
- Suppose we are going to make monthly deposits in to an account with an annual interest rate of 4.1% compounded monthly for 18 years. How much should we deist doing that we have 1,000,000 at the end of 18 years?If you want to receive $1,000 each year for the next three years how much should you invest today? Assume the annual interest rate to be 10%.You will deposit $354 each year into an investment account that earns 5% interest (as an effective annual rate, EAR). Your first deposit will be exactly one year from today, and you'll make a total of 10 deposits. How much will be in your account 10 years from today?
- You will receive 24 annual payments of $40,500. The first payment will be received 5 years from today and the interest rate is 6.9 percent. What is the value of the payments today?Suppose your opportunity cost (interest rate/year) is 11% compounded annually. How much must you deposit in an account today if you want to pay yourself $230 at the end of each of the next 15 years? How much must you deposit if you want to pay yourself $230 at the beginning of each of the next 15 years?Do