Q: Assume you put $200 per month into a retirement account for 14 years, and the account has an APR of…
A: Present Value The present value is the value of cash flow stream or the fixed lump sum amount at…
Q: You deposit $500 today in a savings account that pays 6% interest, compounded annually. How much…
A: Deposit amount = $ 500 Annual interest rate = 6% Period = 40 Years
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A: As per the given information: Interest rate - 1.92% compounded annually Amount deposited at the end…
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A: Bi-monthly receipt amount (C) = 5822 Annual interest rate = 0.12 Bi-monthly interest rate (r) =…
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A: Here, To Find: Part a). Amount of deposit each quarter =? Part b). Total money deposited into the…
Q: You will need to deposit $_______ each quarter.
A: Future Value of Annuity: It is computed by compounding the present stream of annuity cash flows…
Q: If you make monthly $500 deposits into your investment account paying 9.58% interest annually, how…
A: Interest is an amount which is received on the deposited amount for the period. It increases the…
Q: You deposit today in a savings account that pays 6% interest, compounded annually. How much will…
A: Let us take that $1 deposited today for 40 years in a savings account that pays 6% interest,…
Q: Suppose you want to have $300,000 in the bank when you retire in 45 years and the bank pays 3%…
A: given, rate = 3% no of years= 45 FV= 300,000
Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 7% interest…
A: Future Value = $800,000 Time period = 25 years Interest rate = 7%
Q: I invest 33,996 today and expect a reimbursement every 6 months with a ROR of 0.1 compounded…
A: solution given Present value of investment 33996 Rate of interest 10% Semiannual…
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A: We need to use future value annuity formula to get value after 10 years. Future value =PMT(1+i)n-1i…
Q: uppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest. How…
A: The monthly deposit is also called the annuity in which the equal amount has been paid until the…
Q: How much can be accumulated for retirement if OMR2,000 is deposited annually, beginning one year…
A: Future value of annuity concept helps to find the accumulated amount in the account at the end of 40…
Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest…
A: The amount that need to be deposited can be calculated using the formula of future value of annuity.…
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A: The question is based on the concept of periodic payment as annuity payment Formula as,…
Q: Suppose I just opened an account today, and it has a $0 balance. Starting next month I will make…
A: Data given: FV= $ 1,000,000 Interest rate= 9% compounded monthly Interest rate per month=…
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A: In this we need to calculate the future value factor monthly and than calculate the monthly payment…
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A: Given information: Future value is $10,000,000 Present value is $122,000 Number of years is 28…
Q: How much should you deposit at the end of each month into an investment account that pays 9%…
A: The future value of an annuity is the future worth of a series of investments at a certain rate and…
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A: In this question we need to compute the number of years required to accumulate $3670. Other details…
Q: Alicia has $350,000 saved for retirement in an account earning 3.2% interest, compounded quarterly.…
A: Present Value of Annuity = Annuity Amount * [ {1 / ( 1 + periodic interest rate ) } + {1 / ( 1 +…
Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 7% interest. a)…
A: Future value of annuity = P * [ (1+r)^n - 1 ] /r Where, r = rate of interest per period i.e.…
Q: l invest $500 per month at the end of each month for my retirement at 7.3% compounding monthly for…
A: The given problem can be solved using FV function in excel. FV function computes amount required in…
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A: Annual deposit = $ 5000 Annual interest rate = 5% Number of annual deposits = 27
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A: Monthly saving (pmt) = $100Rate of Return (rate) = 7.5% or 0.075Type of Compounding = MonthlyNumber…
Q: $500 per quarter for my retirement at 7.3% compounding quarterly for 32 years. I have a choice of…
A: The given problem can be solved using FV function in excel. FV function computes amount balance in…
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A: The worth of an account in the future can be calculated using the FV function in Excel.
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A: Given:
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A: The given problem can be solved using PV and PMT function in excel. PV function computes current…
Q: How much can be accumulated for retirement if OMR2,000 is deposited annually, beginning one year…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: You would like to have $650,000 when you retire in 40 years. How much should you invest each quarter…
A: a. GIVEN, future value (FVA) = $650,000 n = 40 m =4 rate of interest (r) = 3.6% applying the formula…
Q: How much will I need to deposit into an account to have $6,500,000 in 10 years earning 5 %…
A: The provided information are: Future value (FV) = $6500000 Interest rate (r) = 5% Number of years…
Q: You deposit $5000 each year into your retirement account, starting in one year. If these funds earn…
A: Answer: Following information are given: Annual deposit = $5000 Rate = 5% Time ( no of periods)…
Q: How much should I invest today and expect a reimbursement every other month with a ROR of 0.08…
A: rate = 8%/6 N = 4*6 PMT = 5245 FV = 0 use PV function in Excel
Q: You are investing the following amounts at the end of each of the following three years. How much…
A: Year 1 Amount (C1) = $2,000 Year 2 Amount (C2) = $4,000 Year 3 Amount (C3) = $6,000 r = Return i.e.…
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A: Future value: It is the value of the current asset, depending on the assumed rate of the growth, at…
Q: f my balance is $85,000 and I contribute $25,000 p.a for the next 35 years earning a rate of 5%,…
A: In this we have determine the future value in two steps one is that of balance and other is annual…
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A: Firstly calculate the present value of annuity with $3000 as PMT and 25 years, use this present…
Q: I will invest $500 per month at the beginning of each month for my retirement at 7.3% compounding…
A: The given problem can be solved using FV function in excel. FV function computes amount required in…
Q: Suppose you have estimated that you will need $2,500 per month in your retirement to meet your…
A: The present value is the value of the sum received at time 0. It is the current value of the sum…
Q: If you want $3,000,000 saved by the time you retire in 40 years and you earn 8% interest on your…
A: Amount required $3,000,000 Time is 40 years Interest rate is 8%
Q: Suppose that you earn $45,600 per year. What is your monthly salary? Assume that you deposit 10% of…
A: Future value of annuity The future value of annuity refers to the total value of the investment at…
Q: 0 per quarter at the beginning of each quarter for my retirement at 7.3% compounding quarterly for…
A: The given problem can be solved using FV function in excel. FV function computes amount required in…
I will invest $500 per quarter for my retirement at 7.3% compounding quarterly for 32 years. What will be balance in my account? Use excel
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- I will invest $500 per month at the beginning of each month for my retirement at 7.3% compounding monthly for 32 years. What will be balance in my account? Use excelI will invest $500 per month at the end of each month for my retirement at 7.3% compounding monthly for 32 years. What will be balance in my account? Use excelYour retirement account has a current balance of $3, 123. What interest rate would need to be earned in order to accumulate a total of $5,000,000 in 24 years by adding $3,123 annually? Is this possible? Why or why not?
- I will invest $500 per quarter at the beginning of each quarter for my retirement at 7.3% compounding quarterly for 32 years. What will be balance in my account? Use excelYou decide to invest $7,500 into an account that pays 1.1% annual compound interest. Write an equation for the balance of the account (B) after t years.How much must you deposit each year into your retirement account starting now and continuing through year 10.00 if you want to be able to withdraw $95000 per year forever, beginning 33.00 years from now? Assume the account earns interest at 9.00% per year. (Round the final answer to three decimal places.) The amount to be deposited is determined to be $
- Suppose you have estimated that you will need $2,500 per month in your retirement to meet your expenses and live comfortably, and that you have found or chosen a fund (account) which pays monthly interest 4% APR . What principal, or balance, will your account need to maintain in order to be able to pay you this amount each month? Round/take your answer to the nearest cent.If you deposit $500 per year in an account for six years at 9 percent compounded annually, how much will you have in the account? Round your answer to the nearest dollar. $3,270 Give typing answer with explanation and conclusionI will invest $500 per quarter for my retirement at 7.3% compounding quarterly for 32 years. I have a choice of making that payment of $500 at the beginning or the end of the quarter (regular annuity or annuity due). In which account will I have more money and by how much?
- A person wishes to have $ 125,000 in an account for retirement 24 years from now. How much should be deposited at the end of each year in an account paying 7% compounded annually? Round your answer to two digits!Answer the following questions using Excel's RATE, NPER, PMT, PV and FV functions. 2. What sum of money invested today in a retirement fund will permit withdrawals of $600.00 at the end of each month for twenty years if interest is 6% compounded semi- annually?Calculate the amount of money that must be invested today for an individual to receive the future payments indicated and have the remaining balance at the end of the term FV = $250,000 interest of 5.6% quarterly, payment of $3,000 annually for 30 years?