Suppose that you deposited $1000 in your savings account that earns 10% annual interest. How much will you have in your account after three years? a. None of the answers given  b. 1331 c. 1320 d. 1300

Q: How much money do you need to deposit in a bank account now so that you can years forever if the…

A: Withdrawal amount for every 6 years = $10,000 Number of years = 6 Interest rate (i) = 6% Deposit…

Q: Accounting Question 4. Today is Mr. Wang's 30th birthday. He plans to retire on his 65th birthday.…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: If you deposit ​$2 comma 7002,700 today into an account earning an annual rate of return of 1313…

A: The objective of this question is to calculate the future value of a single deposit of $2,700 at an…

Q: 1On the day you retire you have $500,000 saved. You expect to live another 30 years during which…

A: Time value of money refers to the concept that money available today is worth more than the same…

Q: If you deposit OMR 28416 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: 2. deposit earning compounded interest if $1000 invested in two years accumulated to $1050 by year…

A: The required amount can be calculated using the future value formula. The future value is the value…

Q: If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest…

A: future value = present value*(1+rate)^n future value = 8854*1.08^7

Q: 1. Calculate the future value of $500 deposited today at a fixed rate of interest equal to 3.5% per…

A: As per the honor code of Bartleby we are bound to give the answer of first three sub part, please…

Q: Computing Future Value of Annual Deposits. What amount would you have if you deposited $2,500 a year…

A: Annual Deposits = $2,500 Time duration = 30 years  Rate = 8%

Q: Sarah invests $900 into her bank account with an annual interest rate of 3.5%. Using the Rule of 70…

A: Using the famous and the popular approximation rule of 70, we have to find the time taken by an…

Q: Q. You invest $475 in an account that pays 3% simple interest annually. How much money do you have…

A: The amount of money after 5 years can be calculated as deposit plus accrued interest

Q: A deposit $400 today in an account paying 7% per year. What would be the balance in your account…

A: We need to use compound interest formula to calculate account balance after 6 years A=P(1+i)n where…

Q: If $16800 is deposited in a savings account today, what amount will be available three years from…

A: Future value is an estimate of the future cash flows ​​that may be received at a future date,…

Q: For the next 13 years, you will deposit $2,250 every quarter in a savings account. The account pays…

A: Future value of an annuity is the total value of a series of equal payments made at regular…

Q: You plan to depost $5.300 a paying 10.3 percent interest & How much money will you have in the…

A: We can determine the FV of an annuity using the formula below:In the formula above, PMT = periodic…

Q: You decide to invest $100 into a savings account with an interest rate of 2% annually in2015. The…

A: present value in savings account = $100 interest rate annually = 2% future value = $120 time period…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 7% interest. a.how…

A: Working note:

Q: Suppose for an annuity due, you want to have S30,000 in the bank after 20 years. Assuming you make…

A: Time value of money is a concept that helps in determining the value of future cash flows…

Q: How much money should you deposit in your account now if you are looking to have $7000 after 5…

A: Present value = Future value / (+rate )^ no. of period

Q: Salem wishes to withdraw AED 30,000 at the end of each year of the next 6 years from his bank…

A: Annual withdrawal amount (A) = AED 30000 n = 6 years r = 10%

Q: What's the rate of return you would earn if you paid $1,480 for a perpetuity that pays $90 per year?…

A: Rate of return is the rate you earn on perpetuity i.e. amount initially paid.Rate of return you…

Q: Considering the following scenario. In years 0, 2, 4, 6, and 8, you deposit $750 in your savings…

A: The future value is the value that an investment or asset will have at a future point in time, based…

Q: Suppose you want to have $400,000 for retirement in 20 years. Your account earns 6% interest. How…

A: A constant and fixed sum of cash flow in each period is an annuity. Here the future desired value or…

Q: If you deposit money today in an account that pays 10.7 percent annual interest, how long will it…

A: Interest rate = r = 10.7%Assuming,Present Value = pv = 100Future Value = fv = 2 * pv = 2 * 100 = 200

Q: deposit $500 each terest ompounded ) How much will you have in the account in 20 years?

A: Future Value(FV) of annuity is calculated by compounding present amount or series of payment made at…

Q: You will be able to deposit $4,000 at the end of each of the next 5 years in a bank account paying…

A: We need to use future value formula to calculate future value of single deposit and future value of…

Q: If you would like to have$ 10,000 after 8 years, how much money should you deposit now if the…

A: Present value considers the time value of money concept. It considers the discounting factor at…

Q: If you deposit today 11,445.85 in an account earning 8% compound interest, for how long should you…

A: The development of wealth depends heavily on investing. It gives the investor the ability to control…

Q: You deposit $1,200 in your bank account. a. If the bank pays 5% simple interest, how much will you…

A: a. Amount deposited = $1,200Interest rate, r = 5%Period, t = 8 yearsIf the bank pays simple…