Sandy wants to go on a trip in 10 years if she invest $1000 per year at the end of each year for 10 years at a 12% interest rate, she will accumulate blank to spend on her trip?
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Sandy wants to go on a trip in 10 years if she invest $1000 per year at the end of each year for 10 years at a 12% interest rate, she will accumulate blank to spend on her trip?
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- sandy wants to go on a trip in 10 years if she invests 1000 per year at the end of each year for 10 years at a 12% interest rate, she will accumulate (blank) to spend on her trip ?Suppose marsha plans to invest $1000 at the beginning of each year for the next 5 years. She expects to earn 13 percent per year. 1.how much will marsha have in 5 years 2.how much would marsha need to deposit today in order to have the same results?Tom will pay 10000 dollars to Monica 2 years from now. John wants to buy this debt from Monica. How much would John pay to Monica in order to buy this debt if the yearly interest rate in the market is 10% for the first year and 12% for the following year?
- Yoir neighbour would like to set money asideto purchase land in 15 years. Theybwould like to gabe S 500,000 set aside in 15 years, if they make annual payments and can earn 12% interest per year, how much money do they need to invest each year?Your mom is thinking of retiring. Her retirement plan will pay her either $200,000 immediately on retirement or $280,000 five years after the date of her retirement. Which alternative should she choose if the interest rate is: 0% per year? 8% per year? 20% per year?Benjiena would like to purchase a house and lot amounting to P10,000,000 in the span of five years. She wants to invest regularly at the beginning of the year at a rate of 10% compounded annually. How much should she invest regularly to obtain that amount in five years?
- Suzy wants to buy a house but does not want to get a loan. The average price of her dream house is $500,000 and its price is growing at 5 percent per year. How much should Suzy invest in a project at the end of each year for the next 5 years in order to accumulate enough money to buy her dream house with cash at the end of the fifth year? Assume the project pays 12 percent rate of return.Candice Willis will invest $30,000 today. She needs $150,000 in 21 years. What annual interest rate must she earn?Hannah wants to have $1500 to help pay for a new deck in 13 years. If she wants to put her money into an account earning 8.5% interest compound continuously, how much should she invest now, so that she will have $1500 in 13 years? Payment amount =
- To retire at a decent age and move to Hawaii, an engineer plans to trust her account to an investment firm that promises to make a real rate of return of 10% per year when the inflation rate is 4% per year. If the account currently is valued at $422,000 and she wants to retire in 15 years, how much (in then-current dollars) will have to be in the account for the realized rate of return to be a real 10% per year? Also, write a single- cell spreadsheet function to display the answer.Omar wants to buy a house in another 7 years. The type of house he wants to buy is currently selling for OR 50,000, and the price will increase at a compound rate of 10% per year. Omar can presently invest in a bank fixed deposit earning a compound annual rate 14% per year. How much money must Omar deposit in the bank each year to be able to purchase a house in 7 years from now?Your mom is thinking of retiring. Her retirement plan will pay her either $150,000 immediately on retirement or $210,000 five years after the date of her retirement. Which alternative should she choose if the interest rate is: a. 0% per year? b. 8% per year? c. 20% per year? ..... a. 0% per year? If the interest rate is 0% per year, the PV of the amount to be received five years after retirement is $ (Round to the nearest dollar.)
