what amount must be deposited now in order to withdraw 2,000 at the beginning of each month for 3 years, if interest is 12% compounded monthly?
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what amount must be deposited now in order to withdraw 2,000 at the beginning of each month for 3 years, if interest is 12% compounded monthly?
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- What amount must be deposited today, if, starting one year from today, you wish to make 15 equal annual withdrawals of $3,450 from an account offering an annual stated rate of interest r = 0%?You deposit $76000 into an account which pays 4% compounded semiannually. How much can you withdraw at the end of every six months forever?What present sum would be needed to provide for annual end of year payments of 15 each, forever? Assume interest is 8%.
- If you decide to deposit $480 every year for the next 6 years, with first deposit to be made one year from today and all deposits to be made at the end of each year, in an account that pays 4.62% APR with annual compounding, how much is this account worth in today's dollars?a) How much must be deposited today into an account earning 3% interest annually to support an annual withdrawal of $1800 a year in a perpetuity? b) what if the first withdrawal starts at the end of year 6?How much must be deposited at the beginning of each year in an account that pays 7%, compounded annually, so that the account will contain $28,000 at the end of 10 years? (Round your answer to the nearest cent.)
- How much would you have to pay into an account at the beginning of every six months to accumulate $12600 in 8 years, if interest is 4% compounded annually? The payment would have to be $____If money is worth 8% annually, what annual payment is required to raise P 17,059 after 1 years if payments are done every beginning of the month?Suppose you would like to retire in 15 years. To save for retirement, you deposit an amount A into the bank at the beginning of the next 180 months. After that period, you would like to withdraw $1,000 at the beginning of the following 300 months. Assume a nominal yearly rate of 7.5% compounded monthly. What amount does A have to be?.
- How much must I deposit into an account every month to have $1,500,000 in 15 years at a rate of 7% compounded monthly?You deposit $63000 into an account which pays 5% compounded semiannually. How much can you withdraw at the end of every six months forever?You can make semiannually withdrawls of $What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 6.4%, compounded semiannually, so that the account will have a future value of $100,000 at the end of 18 years? (Round your answer to the nearest cent.)