Select the best answer for the question. 20. You want to invest money for three years in an account that pays nine-percent interest annually. How much would you need to invest today to reach a future goal of $12,000? (Round your answer to the nearest dollar.) A. $10,984 OB. $10,100 OC. $11,432 OD. $9,266
Q: Suppose an investment will pay $19,000 in 16 years from now. If you can earn 10.15% interest…
A: Given information: Future value of investment is $19,000 Number of years is 16, Interest rate is…
Q: Suppose an investment will pay $25,000 in 39 years from now. If you can earn 11.05% interest…
A: Calculate the present value as follows: Present value = Future value / (1+rate)^years.
Q: You are thinking about purchasing an investment from Get-Rich-Quick Investmemnt company. If you buy…
A: Present value of annuity (PVA) formula: PVA=A×1-11+rmn×mrm A=annuity r=rate n=number of years…
Q: Assume your goal in life is to retire with $2,500,000. How much would you need to save at the end…
A: Future value required (FV) = $ 2,500,000 Interest rate (r) = 8% Number of annual payments (n) = 15
Q: A bank is offering to pay you $1000 at the beginning of each month for the next 10 years. The…
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A: It is a case of calculating the annuity of withdrawals. The withdrawals are done on an annual basis…
Q: Suppose an investment will pay $11,000 in 26 years from now. If you can earn 13.30% interest…
A: MONTHLY COMPOUNDING RATE (13.30%/12) 1.108333333% YEARS (26*12) 312 PMT 0 FUTURE VALUE…
Q: How much will $30.000 grow to in three years, assuming an interest rate of 1% compounded annually?…
A: The maturity value of investment can be calculated by calculating its future value. The future value…
Q: Your brother has asked you to help him with choosing an investment. He has OMR 5000 to invest today…
A: Future value is the value of the current assets or some amount that is invested today and amount…
Q: You deposit $2500 each year into an investment account that earns 8.5% interest for 20 years. Find…
A: Given Amount of deposit $2500. rate 8.5% for 20 years.
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A: Given , P=? Pv=295000 Bonus invested i=intt rate=8.25 % or…
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A: An annuity is a financial product that provides a series of regular payments to an individual over a…
Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 9% interest. How…
A: Compound = monthly = 12 Future value = fv = $500,000 Time = t = 30 * 12 = 360 months Interest rate…
Q: You want to have $67,000 in your savings account 10 years from now, and you're prepared to make…
A: Payment per period is the regular payments made or received of an investment, while future value is…
Q: Assume you invest $1 000 at the end of this year, at the end of the second year, and at the end of…
A: Annual deposit for 3 years = $ 1000 Annual interest rate = 5% Future value period = 4 Years
Q: Today you are opening a savings account and depositing an initial $5,000 into it. You plan to…
A: Maturity Value is that amount which will be received at the end of certain period of time. It…
Q: You purchase an annuity that will pay you $100 every three months for five years. The first $100…
A: FORMULA FOR PRESENT VALUE OF ANNUITY (FVA): PVA=A×1-1+rmm×nrm×1+rm where, A=annuity r=rate…
Q: Assume that you can invest to earn a stated annual rate of return of 12 percent, but where interest…
A: Based on the given information, The semi-annual interest rate = 6% Time period = 20 Amount = $500 We…
Q: You deposit GHS10,000 today into an account paying 6% annual interest and leave it on deposit for…
A: As per Bartleby answering guideline, we can answer only one question, if student post more than one…
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A: Future value estimates are critical for making sound financial decisions, such as retirement…
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A: The FV of an investment refers to the combined value of the cash flows of the investment at a…
Q: Assume that you can invest to earn a stated annual rate of return of 12 percent, but where interest…
A: Semiannual interest rate (r) = 0.06 (i.e. 0.12 / 2) Number of deposits (n) = 20 Semiannual period…
Q: Suppose an investment will pay $7,000 in 44 years from now. If you can earn 6.15% interest…
A: Formulas: Present value = Future value / (1+rate)^years
Q: You plan to invest $5,000 into an account. If you would like to have $10,000 in 15 years, what…
A: Solution: When an amount is deposited somewhere, it earns interest on it. The amount initially…
Q: You will be earning $1,200 in salary every month, if you decide to put half of that in your savings…
A: Future value of a present value is the value of that amount after taking into account the time value…
Q: Q1. You have been told that you need $x today in order to have $100,000 when you retire 20 years…
A: Q4. To find the present value of an annuity (the financial instrument that will pay $5,000 a year…
Q: Suppose an investment will pay $11,000 in 41 years from now. If you can earn 14.55% interest…
A: Calculate the present value of investment.
Q: You are to invest $1000 now, $2000 in one year, $3000 in two years and $4000 in three years in an…
A: The concept of time value of money states that worth of money changes with passage of time as money…
Q: How much do you have to deposit today so that beginning 11 years from now you can withdraw $…
A: Year 11 cash flow = 15000 Year 12 cash flow = 15000 Year 13 cash flow = 15000 Year 14 cash flow =…
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- If you invest $15,000 today, how much will you have in (for further instructions on future value in Excel, see Appendix C): A. 20 years at 22% B. 12 years at 10% C. 5 years at 14% D. 2 years at 7%Select the best answer for the question. 20. You want to invest money for three years in an account that pays nine-percent interest annually. How much would you need to invest today to reach a future goal of $12,000? (Round your answer to the nearest dollar.) A. $10,984 OB. $10,100 OC. $11,432 OD. $9,266If you invest $9,400 per period for the following number of periods, how much would you have received at the end? ( Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.) a. 12 years at 6 percent. Future value $ b. 18 years at 8 percent. Future value $ c. 25 periods at 16 percent. Future value $
- Suppose an investment will pay $7,000 in 44 years from now. If you can earn 6.15% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today?Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72. Group of answer choicesSuppose an investment will pay $11,000 in 41 years from now. If you can earn 14.55% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today?Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72. A. $31.59 B. $31.30 C. $26.04 D. $25.74 E. $29.25You are thinking about purchasing an investment from Get-Rich-Quick Investmemnt company. If you buy the investment, you will receive $50 every month for five(5)years. Payment will be made at the end of each month. If your required rate of return is 9% how much should you be willing to pay for this investment? Group of answer choices $4,632.87 $2,735.25 $2,525.10 $2,408.67
- If you invest $8,300 per period for the following number of periods, how much would you have received at the end? (Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.)a. 12 years at 6 percent.Future value$b. 20 years at 9 percent.Future value$c. 20 periods at 14 percent.Future value$Please, briefly solve the question:am. 201.
- You are considering an investment that is expected to pay 5 percent in year 1, 7 percent in years 2 and 3 and 9 percent in year 4. If you invest $2,000 today, what will this investment be worth at the end of the fourth year? A. $2,620.68B. $2,693.71C. $2,713.04D. $2,501.42You want to have $2.5 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 11 percent and the inflation rate is 3 percent. What real amount must you deposit each year to achieve your goal? Multiple Choice $10,259.43 $4,296.82 $10,772.40Suppose an investment will pay $25,000 in 39 years from now. If you can earn 11.05% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today? Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.