Suppose you will need $43,000 in 21 years. If your bank compounds interest at an annual rate of 4%, how much will you need to deposit into your account 2 year(s) from now to reach your goal? Enter your answer rounded to two decimal places. Number

Q: If you put 1,000 in a savings account that yields an 7℅ annual rate of interest that is compounded…

A: Given: Present value = 1,000 Interest rate = 7% Periods = 25 weeks

Q: f you deposit OMR 20555 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: Deposit amount (PV) = OMR 20,555 Annual interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4%…

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: You would like to have ​$   59,000 in   15 years.  To accumulate this​ amount, you plan to…

A: The concept of time value of money tells us that worth of money keeps on changing with passage of…

Q: You want to have $40,000 in your savings account 6 years from now, and you're prepared to make equal…

A: The concept of time value of money will be used here and that of annuities. The amount of $40,000 is…

Q: How much will you have after 5 years? How much will you have after 5 years if you make the deposits…

A: Each year Deposit RM 2500 Interest Rate 4%

Q: How much would you need to deposit in the account each month?

A: Information Provided: Future value = $410,500 Years = 15 Interest rate = 6.5% Deposits frequency =…

Q: You would like to have $800,000 when you retire in 30 years. How much should you invest each quarter…

A: Amount required (FV) = $800,000 Quarterly interest rate (r) = 0.005 (i.e. 0.02 / 4) Number of…

Q: ose an investment will pay $21,000 in 19 years from now. If you can earn 16.35% interest compounded…

A: The today value will be the present value of future value considering the discount rate and period…

Q: For the next two questions, assume the interest rate is 6% compounded annually. Use the online…

A: Present value refers to the current value of the future cash flow. Present value can be determined…

Q: Suppose you want to have $300,000 in the bank when you retire in 45 years and the bank pays 3%…

A: given, rate = 3% no of years= 45 FV= 300,000

Q: If you invest €1,000 in a savings account that pays 4 per cent every year, how long would it take…

A: Present Value = pv = €1000Interest rate = r = 4%Future Value = fv = 1000 * 3 = €3000

Q: Suppose you have accumulated $22,000 in credit card debt. If the interest rate on the credit card is…

A: Present Value = Annuity * PVAF (Periodic rate, Number of Periods )

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: If you deposit money today in an account that pays 3.4% annual interest, how long will it take to…

A: Given information: Let us suppose the present value is $1,The interest rate is 3.4%Future value is…

Q: your initial investment. (Let B be the account balance in dollars and investment.) 8(t)= dollars (b)…

A: The value of money grow with time and interest rate due to accumulation of interest over the period…

Q: How much do you need to invest in an account earning an annual interest rate of 3.493% compounded…

A: The present value of an investment refers to the sum amount of money that will be required today in…

Q: You deposit $100 today, $200 one year from now, and $300 three years from now. How much money will…

A: The concept of the time value of money states that the same amount of money today is worth more than…

Q: Suppose you put $200 into a bank account at the annual interest rate of 7%.  *Round your answer to…

A: In this we have to find the future value of given value.

Q: Use the present value and future value tables to answer the following questions. A. If you would…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

Q: You have $5,340.25 in your savings account today. Every two weeks (26 times a year) $200 will be…

A: A savings account is a deposit account that pays interest and is kept at a bank or other financial…

Q: Suppose you receive​$130 at the end of each year for the next three years.    a. If the interest…

A: The PV of an asset is the value of all its cash flows today discounted at an assumed interest rate.…

Q: If you want to have $22,431 in fifteen years, how much do you need to deposit in a bank account…

A: The deposit required to be made today can be calculated as the present value

Q: What equal amounts of money will have to be deposited 5, 8 and 11 years from now, if you want to…

A: Future worth is the amount that an investor expects from the cash flows in each period. Future worth…

Q: How much should you deposit now into a certificate of deposit (CD) at a bank, if the CD matures 10…

A: To calculate the principal amount deposit in the bank , we have to use the following formula : A = P…

Q: If you deposit the money in the bank, how much will you have in one year?

A: The time value of money implies that the cash in hand at present has a higher value than the cash…

Q: Suppose someone needs dollars 8969 in his account 5 years from now and the required rate of return…

A: Amount - 8969 Time - 5 years Rate of return - 0.1 per year compounded continuously

Q: How much money (to the nearest dollar) will you need to deposit in an account now in order to have…

A: Present value is the sum of the current value of money of future cash flows. It is also known as a…

Q: How much would you need to deposit in the account each month?

A: Annuity Payments: These are payments of equal intervals made. Examples of annuity payments include…

Q: Suppose you want to have $700,000 for retirement in 30 years. Your account earns 10% interest. a)…

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

Q: Suppose that you are planning to buy a boat in in 28 years [cell B3] for $100,000 [cell B2], and you…

A: Period = 28 yearsBuying cost = $100,000Amount deposited = $26,000

Q: Suppose you want to have $500,000 for retirement in 25 years. Your account earns 9% interest. a) How…

A: An annuity is a series of equal payments made at regular intervals. It accumulates interest on a…

Q: How much will accumulate in three years by depositing $560 at t Note: Use tables, Excel, or a…

A: Future value estimates are critical for making sound financial decisions, such as retirement…

Q: Your bank offers you a savings plan with an APR of 2.7% compounded quarterly. You plan to save…

A: The future value refers to the estimated value of an investment or asset at a specific point in the…

Q: You would like to have $550,000 when you retire in 40 years. How much should you invest each quarter…

A: compound = quarterly = 4 Future value = fv = $550,000 Time = 40 * 4 = 160 quarters Interest rate = r…