What would be the yearly earnings for a person with $3,500 in savings at an annual interest rate of 4.8 percent?
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- If $476 invested today yields $500 in one year's time, what is the discount rate?What is the FV at the end of year 5 of $2212 put in an account today if the return is 8.6% per year?If you deposit $3,500 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 40 years?$__________(Round to the nearest cent.)
- What is the rate of return you would earn if you paid $3,680 for a perpetuity that pays $85 per year?What is the future value of $2,000 deposited for one year earning 6 percent interest rate annually?Suppose you take out an auto loan for $25,500 over a period of six years at an APR of 7.5%. Determine your monthly payments, the total amount paid, and the percent paid toward interest.
- Need help with this general accounting questionSuppose you invest $3,500 today, compounded monthly, with an annual interest rate of 8.50%. What amount of interest will you earn in one year?What is the amount of an annuity that consists of 100 monthly payments of $250 into an account that pays 5% annual interest compounded monthly? Answer rounded to the nearest penny.
- What is the present value of a perpetuity that pays $50 annually and has an annual rate of return of 17%? note: round and show your answer to the nearest dollar.What is the future value of the 10% savings from earnings of $187.45 if it earns 5% annual interest, compounded monthly for 30 years? Use the compound interest formula to estimate the present value.Suppose you have estimated that you will need $2,500 per month in your retirement to meet your expenses and live comfortably, and that you have found or chosen a fund (account) which pays monthly interest 4% APR . What principal, or balance, will your account need to maintain in order to be able to pay you this amount each month? Round/take your answer to the nearest cent.