Question listQuestion 31Question 32Ka. Use the appropriate formula to determine the periodic deposit.b. How much of the financial goal comes from deposits and how much comes from interest?Periodic DepositRate$? at the end of each month 5.5% compounded monthlyTime12 yearsFinancial Goal$220,000Click the icon to view some finance formulas.a. The periodic deposit is $Question 33○ Question 34(Do not round until the final answer. Then round up to the nearest dollar as needed.)b. $ of the $220,000 comes from deposits and $comes from interest.(Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.)Question 35

Step 1: Calculate the periodic deposit The formula for finding the amount of periodic deposit given…

Answered: Question list Question 31 Question 32 K…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 11E

See similar textbooks

Similar questions

17 a.Use the appropriate formula to determine the periodic deposit. b.How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate Time Financial Goal $? at the end of each month 7.25% compounded monthly 40 years $1,250,000 See the formulas and check what is the best one to use for this problem. a.The periodic deposit is$________. (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. $_______ of the $1,250,000 comes from deposits and $_________ comes from interest. (Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.)
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate $? at the end of each month 7.25% compounded monthly Click the icon to view some finance formulas. Time 50 years Financial Goal $1,500,000
Subject: acounting
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate $? at the end of each month 3.5% compounded monthly Click the icon to view some finance formulas. a. The periodic deposit is $. (Do not round until the final answer. Then round up to the nearest dollar as needed.) Formulas b. S of the $220,000 comes from deposits and S comes from interest. (Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.) A= In the provided formulas, P is the deposit made at the end of each compounding period, r is the annual interest rate of the annuity in decimal form, n is the number of compounding periods per year, and A is the value of the annuity after t years. P[(1+r)²-1] T Time 10 years A= nt P= Financial Goal $220,000 响 nt [(¹-3) - X SEX
不 a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate Time Financial Goal $? at the end of each year 3% compounded annually 15 years $130,000 Click the icon to view some finance formulas. a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.) this View an example Get more help 4 Clear all Chec
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate $? at the end of each month 6.75% compounded monthly i Click the icon to view some finance formulas. Time 45 years Financial Goal $1,250,000 a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.)
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate Time $? at the end of each year 5% compounded annually 14 years Financial Goal $130,000 Click the icon to view some finance formulas. a. The periodic deposit is $ ☐. (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. S of the $130,000 comes from deposits and $ comes from interest. (Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.)
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate $? at the end of every three 4.5% compounded quarterly months iClick the icon to view some finance formulas. Time 6 years Financial Goal $30,000 a. The periodic deposit is $. (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. $ of the $30,000 comes from deposits and $ comes from interest. (Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.)
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit $2 at the end of each year Rate 4% compounded annually Click the icon to view some finance formulas. C Time 15 years Financial Goal $160,000 a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. $ of the $160,000 comes from deposits and $ comes from interest. (Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.)
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate Time Financial Goal $? at the end of each month 6.25% compounded monthly 45 years $1,000,000 a.The periodic deposit is $______. (Do not round until the final answer. Then round up to the nearest dollar asneeded.)
Finance Find the savings plan balance after 18 months with an APR of 6% and monthly payments of $800. Assume an ordinary annuity. a. $15,028.63 c. $15,360.28 b. $15,280.36 d. $15,306.82 Please select the best answer from the choices provided A B C D
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit $? at the end of every three months i Click the icon to view some finance formulas. Rate 3.5% compounded quarterly Time 4 years Financial Goal $20,000 a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.)

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS