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?A loan of $60,000 is due 10 years from today. The borrower wants to make annual payments at the end of each year into a sinking fund that will earn compound interest at an annual rate of 10 percent. What will the annual payments have to be? Suppose that the monthly payments earn 10 percent interest, compounded monthly. What would the annual payments have to be?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?
- With an interest rate of 14.5% compounded annually, how much will be required in 10 years to repay a $12,000 loan received today?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?Answer? ? General Accounting
- 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?