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

Q: You plan to deposit $6,000 at the end of each of the next 25 years Into an account paying 10.3…

A: Perodic Payment(PMT) is $6,000 Per Year Interest rate is 10.3% Time Period 25 years & 50 Years…

Q: You want to be able to withdraw $30,000 from your account each year for 15 years after you retire.…

A: The term "present value" describes the current value, discounted at a particular interest rate, of…

Q: ou want to be able to withdraw $50,000 from your account each year for 20 years after you retire.…

A: There is need of planning for the retirement and that should be done on time to have good retirement…

Q: Derek will deposit $1,169.00 per year into an account starting today and ending in year 5.00. The…

A: The FV of an investment refers to the combined value of the cash flows at a future date assuming…

Q: Tanja wants to establish an account that will supplement her retirement income beginning 25 years…

A: The future value is the worth of an investment or asset at a particular future date, computed based…

Q: You deposit $10,000 in a retirement account today at 5.8% interest with annual compounding. How much…

A: Future value = Present Value×[1+Periodic interest rate]^n Where,  n = number of periods = 28…

Q: a) How much is in your account on retirement? b) Suppose you set up your account as a perpetuity on…

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

Q: If you plan to make an initial contribution of $6,000 to a retirement account in 5 years and you…

A: Future value of annuity Annuity is a series of equal periodic payments. With periodic interest rate…

Q: If I deposit $1k a year into an account for 10 years @ 2%, what is the future value of that account?

A: As per the time value of money, a dollar is worth more today than the same dollar in the future.…

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: Sarah opens an investment account with an initial deposit of $1900. She then sets up monthly…

A: The initial deposit is $1,900 Monthly deposits are of $120 The interest rate compounded monthly is…

Q: Karla Lopez deposit $3000 a year into her retirement account if these phones have an average running…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Alphonse is going to put $2500 in an interest bearing account that pays 3% interest and leave it for…

A: Future value is the value of present cashflow compounded to future date at specified rate. formula:…

Q: You will receive an inheritance of 116034 in 10 years.  If the interest rate is 3.8%, how much is it…

A: Time value of money is one of the important concept in finance. It says that a dollar amount…

Q: After retirement, you expect to live for 25 years. You would like to have a $95,000 income each…

A: Here,

Q: Ann invests $1000 today in an investment that has APR of 9.8% and is compounded monthly. How much…

A: 1) Future Value = Present value * (1+r)^n Where, r =rate of interest per period i.e. 9.8%/12 =…

Q: Susan plans to make an investment today which promises to return to her $3,000 each year for ten…

A: Using excel PV function

Q: If I invest $500 at the end of each quarter for 10 years which earns 8% interest annually. What…

A: We need to use future value annuity formula to get value after 10 years. Future value =PMT(1+i)n-1i…

Q: When Jasmine retires she has $950,000 in a retirement account that earns 6% annual interest,…

A: Using PMT function in excel

Q: Assuming a 6% interest rate, how much would Jennifer have to invest now to be able to withdraw…

A: Given data: Discount rate = 6% p.a. Time = 10 years Annual withdrawl = $9,000

Q: Hannah plans to invest $6,500 at the end of each year for the next eight years. Assuming a 10%…

A: The amount which represents the value of investment after a specified period is known as future…

Q: Connie wants to have an annuity payment of $2,250 at the END of every three months. How much should…

A: Present value of annuities will give what is cash amount to be paid today.

Q: Suppose Nicole deposits $50,000 in an account that pays 9% compounded annually. How long does it…

A: Given data; Present value = $50,000 interest rate =9% future value = $ 125,000

Q: re in 20 years. She opens up a retirement account with an APR of 5.25% compounded monthly. She will…

A: There is need of proper planning for the retirement and if there is proper planning on time better…

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: Cheryl is setting up a payout annuity with her bank. She wants to receive a payout of $1200 per…

A: Using excel PV function

Q: You are investing in a retirement account and plan to deposit $5,000 per year into the account for…

A: Money has time value because money can be invested elsewhere and money can be earned so money today…

Q: How much must you deposit each year into your retirement account starting now and continuing through…

A: yearly deposit refers to the amount deposited every year for the accumulation of money for the…

Q: Sally Mander wants to set up a perpetual annuity for herself that will pay $125,000 annually and…

A: Particulars Values Annual withdrawals after 25 years in perpetuity   $ 1,25,000 Number of years…

Q: You want to be able to withdraw $50,000 from your account each year for 25 years after you retire.…

A: Here, Annual amount to withdraw = $50,000 Time in years after retirement = 25 years Time to…

Q: What interest rate must Bertha earn on her savings if she plans to make equal semiannual savings…

A: Data given: pmt= $12941 period= semiannual N=9 years nper=9*2=18 FV= $ 359,268

Q: Karen wants to have $22,559 in her investment account in 5 years. If her bank offers an annual…

A: Following details are given in the question : Future value = $22559 Time period = 5 years Interest…

Q: Say that you plan to retire one quarter after making quarterly contributions to a retirement account…

A: The question revolves around the idea of the future value of an annuity, a basic concept in finance…

Q: You want to be able to withdraw $25,000 from your account each year for 30 years after you retire.…

A: An annuity is a payment series that provides its holder with a fixed income. It is widely used in…

Q: If you deposit $3,000 at the end of each of the next 10 years into an account paying 12.0% interest,…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: deposits

A: Introduction: The term annuity refers to series of payments which are made at intervals. Examples of…