None Shaylea, age 22, just started working full-time and plans to deposit $4,400 annually into an IRA earning 8 percent interest compounded annually. How much would she have in 20years, 30 years, and 40 years? If she changed her investment period and instead invested $366.67 monthly, and the investment also changed to monthly compounding, how muchwould she have after the same three time periods? Comment on the differences over time.Click the table icon to view the future value FVIFA table:With annual investments and compounding, after 20 years, Shaylea would have $(Round to the nearest cent.)

Step 1: The calculation of the future value of the annuity AB1Annual deposit $ 4,400…

Answered: Shaylea, age 22, just started working…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Shaylea, age 22, just started working full-time and plans to deposit $4,500 annually into an IRA earning 9 percent interest compounded annually. How much would she have in 20 years, 30 years, and 40 years? If she changed her investment period and instead invested $375.00 monthly, and the investment also changed to monthly compounding, how much would she have after the same three time periods? Comment on the differences over time. Click the table icon to view the future value annuity table With annual investments and compounding, after 20 years, Shaylea would have $. (Round to the nearest cent.) Help me solve this View an example Get more help - Clear all Check answer
Shaylea, age 22, just started working full-time and plans to deposit $5,400 annually into an IRA earning 8 percent interest compounded annually. How much would she have in 20 years, 30 years, and 40 years? If she changed her investment period and instead invested $450.00 monthly, and the investment also changed to monthly compounding, how much would she have after the same three time periods? Comment on the differences over time.
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Trying to figure monthly compounding after 20 years
Can someone please verify if my answer is correct and explain why if it is not. thank you.
Taylor starts an IRA (Individual Retirement Account) at the age of 26 to save for retirement. She deposits $300 each month. The IRA has an average annual interest rate of 5% compounded monthly. How much money will she have saved when she retires at the age of 65? Round your answer to the nearest cent, if necessary. Formulas
One year ago, Sinem deposited $80,000 in her investment account for the purpose of buying a flat fuve years from today. Today she is adding another $20,000 to her account. She plans on making a final deposit of $35,000 to the account one year from today. If the interest rate is 10% how much cash will be available in her investment account when she is ready to buy the flat? (Round 2 decimal places e.g 18.64)
Alexis deposited $500 into an interest-earning account when her son was born. The account earns 2.18% compounded annually and Alexis wants to know how much money will be in the account when her son turns 18 years old. Identify the value used for each variable in the compound interest formula. APR = n = t = P = What is the total number of compounding periods? If Alexis had chosen an investment that was compounded monthly how many compounding periods would there be in the 18 years? If Alexis had chosen an investment that was compounded quarterly how many compounding periods would there be in the 18 years?
Please help me answer the following time value of money question. If Hollie deposits $5000 in an account that earns 3.5% interest compounded annually, how much will she have in 19 years? What if it is compounded quarterly?
Frances plans to save money for a down payment on a house using an investment account that pays an interest rate of 5.3% per year. She wants to have $425, 000 available five years from today. Frances intends to deposit an amount today and at the end of each of the next five years into her investment account (i. e. she will make a total of six deposits, all of the same amount). How much will each of these deposits be? (Enter your answer to two decimal places)
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Jane took out a loan from the bank today for X. She plans to repay this loan by making payments of $520.00 per month for a certain amount of time. If the interest rate on the loan is 1.12 percent per month, she makes her first $520.00 payment later today, and she makes her final monthly payment of $520.00 in 7 months, then what is X, the amount of the loan? O An amount less than $3,501.00 or an anmount greater than $4,238.00 O An amount equal to or greater than $3,501.00 but less than $3,739.00 O An amount equal to or greater than $3,739.00 but less than $3,980.00 O An amount equal to or greater than $3,980.00 but less than $4,081.00 O An amount equal to or greater than $4,081.00 but less than $4,238.00

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