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?How much do you have to deposit today so that beginning 14 years from now you can withdraw 15,000 a year for the next 4 years (periods 14 through 17) plus an additional amount of 30,000 in that last year (period 17)? Assume an interest rate of 11 percent.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?
- How much money will be in an account for 10 years from today if 20,000 is deposited today at a rate of 10% per year compounded monthly?How much can you borrow today if you promise to repay $20,000 two years from today at a compound interest rate of 20% per year?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?
- How much would you have to deposit today if you wanted to have $60,000 in four years? Annual interest rate is 9%.You wish to have $15,000 dollars in 4 years. How much do you need to deposit today if the rate is 12% simple interest? (How much do you have to deposit today so that beginning 11 years from now you can withdraw $12,000 a year for the next 6 years (periods 11 through 16) plus an additional amount of $24,000 in the last year (period 16)? Assume an interest rate of 9 percent.