What would be the yearly earnings for a person with $5,200 in savings at an annual interest rate of 3.6 percent?
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- What’s the rate of return you would earn if you paid $1,500 for a perpetuity that pays $105 per year?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 $2,000 deposited for one year earning 6 percent interest rate annually?
- What is the future value, after 36 years, of $375 placed in a savings account today that pays interest quarterly, assuming an annual interest rate of 10%?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.)Answer? ? General Accounting
- Need help with this general accounting questionYou currently have $4,395.00 in a retirement Savings account that earns an annual return of 8.02%. You want to retire in 46.0 years with 1,000,000. How much more do you need to Save at the end of every year to reach your retirement goal?Suppose you put $ 450 a month for retirement into an annuity earning 4.25% compounded monthly. If you need $ 500000 to retire, in how many years will you be able to retire?
- Suppose you purchased an annuity that pays $200 at the beginning of each year for 3 years. The interest rate is 4.4%. What is the present value of the annuity?What is your annual rate of return if you deposit $2,700 today and withdraw $3,500 in a lump sum in 8 years?Using spreadsheet financial formula, calculate the following PV of a perpetuity2. What’s the present value of a perpetuity that pays $1500 per year if the appropriate interest rate is 15%?