To withdraw the following $ 1,000 payment series in the figure, determine the minimum deposite (P) you should make now if your deposits earn an interest rate of 10 % compounded anually. Note that you are making another deposite at the end of year 7 in the amount of $ 500. With the minimum deposit P, your balance at the end of year 10 should be 0. SL000 || LO $500 A. P=$4,912 B. P=$ 4,465 C. P=$ 5,374 D. P=$ 5,912

To withdraw the following $ 1,000 payment series in the figure, determine the minimum deposite (P) you should make now if your deposits earn an interest rate of 10 % compounded anually. Note that you are making another deposite at the end of year 7 in the amount of $ 500. With the minimum deposit P, your balance at the end of year 10 should be 0. SL000 || LO $500 A. P=$4,912 B. P=$ 4,465 C. P=$ 5,374 D. P=$ 5,912

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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Similar questions

How much do you have to deposit now in your savings account that earns a 6% compound annual interest if you want to withdraw the annual payment series in the figure below? 1,250 Please note that if your ID number is 11632375 Then X=3+7=10,000 Y=7+5=12,000 P-? od luck
Choose the best answer Compute the future value in year 5 of a $2,000 deposit in year 1 and another $2,500 deposit at the end of year 3 using a 6% interest rate. a. $5,333.95 b. $5,653.99 c. $5,850.00 d. $6,022.02
What will a deposit of $4500 at 7.8% compounded semiannually be worth if left in the bank for six years? Use the TMV calculator to fill in the table. N I% 7.8 PV -$4500 PMT 0 FV P/Y C/Y 2
How much do you have to deposit now in your savings account that earns a 6% annual interest if you want to withdraw the annual payment series in the figure below? $2,000 $1,500 $1,750 $1,000 $1,250 2 4 P = ? Select one: а. F = 1, 000(P/A ,6%, 10) + $250(P/G,6%,5) b. F = 2, 000(A/F ,6%, 5) + $250(P/G,6%,5) C. P = 1,000(P/A ,6%, 5) + $250(P/G,6%,5) d. P = 1, 000(A/P ,6%, 5) + $250(A/G,6%,5) 15
Prove that the answer is true, while showing the full solution
Question 7 of 10 > Every year you deposit $3,400 into an account that earns 2% interest per year. What will be the balance of your account immediately after the 20th deposit? Click the icon to view the interest and annuity table for discrete compounding when i = 2% per year. Choose the correct answer below O A. $79,464 O B. $68,000 OC. $82,611 OD. $51,438 O E $84,263
You would like to earn simple-interest $1 800 from a term deposit at 4.25% in 8 months. Calculate the principal you need to invest. Round your answer to the nearest dollar. O a. $72 605 O b. $63 529 O c. $77 775 O d. $67 818 O e. $56 471
Part a. Loan payments you borrow $100,000 over a period of 30 years at a fixed APR of 5.5% calculate the monthly payment Part b. Determine the total amount paid, then figure out what percentage is paid towards the principal and what percentage is paid for interest. Please solve part A and B they go together. I included an example problem
Assume you make a deposit of $7,500 now into a saving account that pays 12% per year, compounded quarterly. If you want to know the total amount after 2 years, the value of interest rate (i) you should use in the F/P factor is: Select one: а. 3% b. 4 % с. 24% d. 12 %
please help with this Q
Can u also answer part 2
17 a.Use the appropriate formula to determine the periodic deposit. b.How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate Time Financial Goal $? at the end of each month 7.25% compounded monthly 40 years $1,250,000 See the formulas and check what is the best one to use for this problem. a.The periodic deposit is$________. (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. $_______ of the $1,250,000 comes from deposits and $_________ comes from interest. (Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.)

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