n how many years and days should a singl payment of $2000 be made in order to be =quivalent to payments of $500 now and $8 n 3 years if interest is j = 8% and simple %3D

Q: Adam purchases a retirement annuity that will pay him $1,500 at the end of every six months for the…

A: Semi Annual Payment  $              1,500.00 Time Period (years) 8 Interest rate 4% Monthly…

Q: Please calculate the forward rate between the two given spot rates. (ex: if you have a 1y spot and a…

A: The spot rate in year 1 is 3.1%.The spot rate in year 10 is 5.7%.The forward rate to be calculated…

Q: Gordon Rosel went to his bank to find out how long it will take for $1,300 to amount to $1,720 at…

A: Present value = $1,300 Future value = $1,720 Interest rate = 0.12

Q: If I invested an amount of money compounded monthly for 10 years with a discount rate 8.53 %. What…

A: Effective interest rate is interest rate after considering the impact of compounding on the interest…

Q: You currently have $250,000 in your retirement account. What equal annual amount must you deposit…

A: Equal annual deposits into an account for a fixed number of times is called annuity. The future…

Q: Intro The annual interest rate is 4%. Part 1 What is the present value (PV) of $1,000 that you'll…

A: Solution:When amount is invested somewhere, it earns interest on it. The amount initially invested…

Q: Use up to 6 decimal places during solving for the answer. Write all numerical final answers round…

A: Data given: Amount=32,195 ROR= 0.13 (compounded semi-annually) N=3 years   Working Note #1 ROR…

Q: ow much should Alma deposit at the end of each month in a savings account for three years? Alma…

A: To find out how much Alma should deposit at the end of each month for three years to accumulate…

Q: Gordon Rosel went to his bank to find out how long it will take for $1,800 to amount to $2,260 at 8%…

A: Future value is calculated as follows:-FV= A+IwhereFV= future valueA= amount investedI= interest…

Q: How many year and how many days

A: The formula for calculation of future value is as under FV = P (1+ RT) P= Principal R = Rate of…

Q: Find the number of periods that corresponds to the given time span, if a period is a quarter of a…

A: Number of quarters in a year is 4. Number of months in a year is 12 Number of days in a year is 365.

Q: Everything is the same as in Question 5, but the annuity you buy has COLA's of 2% per annum. (That…

A: To determine the initial value of the income you receive from the annuity with a cost-of-living…

Q: If $35000 is put in a savings account paying interest of 5% compounded annually, what amount will be…

A: The future value of the invested amount is determined after compounded the interest accrued with the…

Q: Ms. Keto invested $500 per year for 10 years and received $12,000 at the end of the 10th year. Find…

A: Yearly investment = pmt = $500Payment at end of 10 years = FV = $12,000No of years = nper = 10

Q: A company wants to have $50,000 at the beginning of each 6-month period for the next 4 years. If an…

A: Given: Payment = $50,000 Years = 4(1/2) or 4.5 years Interest rate = 6.32%

Q: In order to have $55,000 fifteen years from now, how much you must deposit an equal amount of money…

A: The dear student to solve this question we have to use the formula of the future value of annuity…

Q: The future value of $350 saved each year for 10 years at 8 percent. (Round your factor to 3 decimal…

A: Annual saving (P) = $350 Interest rate (r) = 8% Period (n) = 10 years

Q: A person is offered a gift of $5,000 now or $8,000 five years from now. If such funds could be…

A: Present value is an estimate of the present value of future cash flows received, discounted at an…

Q: What is the present value of the following? Use Appendix B as an approximate answer, but calculate…

A: Future Value = fv = $8100Time = nper = 14 yearsInterest rate = rate = 7%

Q: You are saving for a new house and you put $10,000 per year in an account paying 8%. The first…

A: Annual deposit (D) = $10,000 Interest rate (r) = 8% Number of deposits (n) = 3

Q: Using the MACRS rates from the following table, what is the book value of a $3,500 computer after 4…

A: calculation of book value after 4 years are as follows

Q: Question What is the value, 6 years in the future, of $3,707 invested to earn an annual return of…

A: Answer 6.Answer 7.

Q: Using the MACRS rates from the following table, what is the book value of a $2,500 computer after 4…

A: Book Value of Asset: Book value is equivalent to the cost of holding an asset on a company's balance…

Q: •An insurance company offers to pay you $1,000 per year for 10 years if you will pay $6,710 up…

A: We can solve this using Present value of annuity formulaPresent value of annuity is =…

Q: Using the MACRS rates from the following table, what is the book value of a $3,500 computer after 1…

A: Depreciation: The word "depreciation" refers to an accounting procedure that is used to spread the…

Q: You deposit $3000 each year into an account earning 7% interest compounded annually. How much will…

A: Solution:-When an equal amount is deposited each period at end of period, it is called ordinary…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: The amount which is deposited at the beginning of every period for a specified duration is known as…