What is the balance of Gabriella’s $3000 after 8 years?

Q: our grandmother left you an inheritance that pays $440 at the end of each year for a total of 12…

A: Annual Payment = p = $440Number of payment = n = 12Time until First Payment = t = 5Interest Rate = r…

Q: Cliff deposited $9,000 in a brokerage account, and 10 years later he closes out the account, which…

A: Present Value = pv = $9000Time = t = 10Future Value = fv = $20,500

Q: Your friend waited until her 40th birthday to begin saving for retirement. She places $2,400 per…

A: Future value can be calculated using FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate Nper…

Q: is expected to be received in 5 years and her last annual payment is expected in 10 years. She can…

A: Annual payment=$49900Interest rate=12.84%Period= 5 years

Q: How long (in years) will it take for her investment to amount to $6,000?

A: Time value of money (TVM) means that the amount received in the present will have more value than…

Q: Your grandmother deposited $10,000 in an investment account on the day you were born to help pay…

A: Solution:- An amount deposited today somewhere earns interest. The amount invested in beginning is…

Q: In December 2020 Sally purchased an annuity that pays her $1,000 per month for 16 years. She paid…

A: Given in the question: Annuity purchased for = $150,000 During the year 2021, Sally has received the…

Q: I understand the awnser to this question is B but can you explain in detail why it is B. You inherit…

A: Today money=$300000Interest rate=r=7%Period=20 yearsHow can withdraw annually.

Q: Millie has inherited $4500 and has the choice between two options to invest her money. The first…

A: Future value refers to an amount of the current asset at some future date. It is helpful for…

Q: Lisa invested $5000 in a fund for 5 years and was paid simple interest. The total interest that she…

A: P = $5000 T = 5 SI = $1000 Where, P = Principal T = Time (No. of years) SI = Simple Interest

Q: Maude Pasy $5000 a year into an annuity contract for 25 years. Maude is paying what?

A: Annuity contract is a contract which involves fixed amount of payment for a fixed period or for the…

Q: Jill invested $1,000 each year into an account that earns 10% interest compounded annually to have…

A: The future value is the future worth of the amount that will be paid or received in the future.

Q: Michelle Payne deposited $4,000 in a savings account paying 6.25% simple interest. How long (in…

A: Calculation of Simple Interest The purpose to provide the interest for the loan is repayment with…

Q: Obtain today's value of the investment account.

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

Q: Bobbi opens an IRA account in which she deposits $3,000 per year until she retires in 50 years. If…

A: The accumulated amount can be calculated with the help of future value of annuity function

Q: she leaves the money in this mutual fund how much will she have 13 years after the inheritance?…

A: SOLUTION:-   Formula :-   A=P(1+rn)nt n= type of compounding i.e monthly, daily P= present…

Q: Your sister just deposited $9,000 into an investment account. She believes that she will earn an…

A: The concept of time value of money will be used here. Since future value has to be computed we will…

Q: Katie recently retired and met with her financial planner. She arranged to receive $40,000 the first…

A: Solution-a1=$40,000a2=$40,000+$210     =$40,210

Q: 16. Audrey is a participant in her employer's tax-sheltered annuity plan. Her annuity has an…

A: A tax- sheltered annuity is a type of investment vehicle that lets an employee make pretax…

Q: Avril deposited $800 in his bank at 1.5% for five years. Use the simple interest formula to…

A: INTRODUCTION Simple interest is calculated by multiplying the interest by the Principal amount.…

Q: jesse recieved $5,000 from his grandmother when he turned 18. if he invests it at 5.5%(12), how much…

A: The question gives the following information:

Q: . Kevin deposits $1423.62 each quarter into an annuity account for his child's college fund in order…

A: Quarterly deposits = $1423.62Future value = $85,000Period = 12 year

Q: Julie deposited some money in a savings account this morning. Her money will earn 5 percent…

A: Computation:

Q: Five years ago, Teresa purchased an investment property for $189,795.  He sold it today for…

A: Annualized rate of return is calculated using following equation Annualized rate of return = Ending…

Q: Jim invests $15,000 today into an account, If the amount in the account accumulates to $17,364.37 at…

A: The rate of interest can be computed with the help of future value function.

Q: Please help me answer the following time value of money question. Chuck deposited $25 in an account…

A: The value of an amount deposited today after a specific number of years is called its future value.

Q: awn invests $2000 each year of 10 consecutive years, starting at age 25. Assume an 8% annual rate of…

A: Here, Annual Payments is $2,000  Time Duration of Investment is 10 years Interest Rate is 8%

Q: cecilia invested $5000 in an account four years ago. Today her account has a balance of $6200. Given…

A: Present value=$5000Future value=$6200Period= 4 yearsPeriod= 16 quarters

Q: Carla Lopez deposits $5, 200 a year into her retirement account. If these funds have an average…

A: Annual deposit=$5200Period=n=40 yearsInterest rate=r=6%Calculate future value.

Q: Erika inherits $20,000, and decides to invest it in an account earning 6.25% interest, compounded…

A: Formula Future value = PV*(1+i)n Where PV - Investment i.e. $20,000 i - Semi annual interest rate…

Q: Karen invested $10,000 in a money market account with an interest rate of 1.75% compounded…

A: Initial investment (I) = $10,000 Semiannual interest rate (r) = 0.00875 (i.e. 0.0175/2) Semiannual…

Q: Judy recently purchased her first home for $220,000. She made a down payment of $20,000, and…

A: First we need to calculate PV annuity factor for loan to calculate monthly payment. Since payment is…

Q: what will be the balance of her account after 30 more years assuming the same 8% interest

A: PRESENT VALUE:The concept of present value (PV) is a fundamental principle in finance, used to…

Q: Your sister just deposited $11,500 into an investment account. She believes that she will earn an…

A: Value of sister's investment account in 7 years is calculated using following equation Future value…

Q: Janet Woo decided to retire to Florida in 6 years. What amount should Janet invest today so she can…

A: The financial assistance and cash that people get throughout their retirement years are referred to…

Q: Jillian invested $2,000 six years ago at 4.5 percent interest. She spends all of her interest…

A: Data given: Amount invested=$2000 Interest rate=4.5% Jillian spends all of her interest earnings…

Q: Michelle Payne deposited $4,000 in a savings account paying 6.25% simple interest. How long (in…

A: The future value is the future worth of the amount that will be paid or received in the future.

Q: Your grandma invested some money 64 years ago into an account earning 1.82% per year, compounded…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: 1. Louisa is 72 years old. She purchased an annuity in January of 2021 that will pay her $1,500 per…

A:

Q: our sister just deposited $5,000 Into an investment account. She belleves that she will earn an…

A: The concept of time value of money will be used here. Since future value has to be computed we will…

Q: Anne purchased an annuity from an insurance company that promised to pay her $20,000 per year for…

A: Each cash flow of $20,000 represents two amounts, one is return of original investment and one is…

Q: She arranged to receive $45,000 the first year. Because of inflation each year she will get $580…

A: A regular payment received by retired people is called pension. Inflation is the increase in general…

Q: 32. Ellen purchased a life annuity with a 10-year period certain and lived for 30 years. If Ellen's…

A: Annuities are financial products typically offered by insurance companies. They involve a contract…

Q: Frank invests $ 2500 dollars into an account earning interest compounded quarterly. After 13 years…

A: Future Value = Present Value * (1+r)^n Where, r =rate per period n = no. of compounding period i.e.…

Q: A taxpayer, age 64, purchases an annuity from an insurance company for $50,000. She is to receive…

A: The expected return is an amount of return or maybe a percentage of return that the investor wants…

Q: d in exchange she will receive $170,000 over 000 payment should Anne include in gross in mediate…

A: Annuity - An arrangement between a person and the insurance company to make a number of smaller…