You are saving up for a big investment in six years. You estimate it will take $14,500 to secure this investment. How much do you need to put into a savings account at the end of each year if the savings account earns 4%? Neglect taxes.

Q: The present value of a perpetuity paying $20 at the end of every four years is $43. Find i.

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Q: Felix is purchasing a brownstone townhouse for ​$2,100,000. To obtain the​ mortgage, Felix is…

A: The purchase cost of a home is $2100000The down payment is 16% of the purchase costNumber of payment…

Q: Today you deposited $10,000 in a savings account paying 7% annual interest. How much should you have…

A: Simple interest rate = (P*R*T)/ 100 where, P= principal amount  R= interest rate T= time Here, P=…

Q: Behavioral economics is the field of economics that........... explores economic decision making…

A: Behavioral economics focuses on psychology & economics to find out why people sometimes make…

Q: describe something you can do to increase your savings for retirement.

A: Retirement: It is the point of time where someone stops working.

Q: Short term savings and loans are part of what

A: Financial Market generally in an economy is characterized as – Money Market and Capital Market…

Q: Give typing answer with explanation and conclusion Michael can afford car payments of $275 a month…

A: The demonstration of borrowing is the demonstration of getting or getting something, strikingly…

Q: Expense Amount Mortgage (monthly) $985.64 Cell phone (monthly) $58.30 Groceries (twice a month)…

A: From an individual to a whole family or organisation, anyone can benefit from budgeting, as long as…

Q: (Consider the Mundell-Fleming model with fixed exchange rates. Explain graphically the effect of…

A: The Mundell Fleming model is the prolonged version of the IS-LM model of the economy that integrates…

Q: What will be the Savings given that income is $3200 and APS is 0.48

A: The data presented in the question above is:- Income = $3200 Average propensity to save = 0.48…

Q: Joe just completed his engineering degree and started to work for an engineering firm. Joe wants to…

A: Given that,   Annual deposit: $5,000 Future value: $3,954,750 No. of years: 30 years

Q: could you show how to determine the bond's present value without a calculator?

A: When interest rate rises to 4%: Given, Face value= future value= $1,000 Yield to maturity= 4% Time=…

Q: You plan to purchase an $130,000 house using a 30-year mortgage obtained from your local bank. The…

A: A mortgage payment is typically made up of four components: principal, interest, taxes and…

Q: f. Judging by the impact of the money supply on nominal and real wages, is this analysis consistent…

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Q: On November 4, you get a boat loan.  Your first payment is due December 4.  You write out your check…

A: TVM refers to the concept that a sum of money is value more now than the same sum will be at a…

Q: Greg wants to have $50 000 in five years. He has $20 000 today to invest. The bank is offering five-…

A: Given  Greg wants to have $50,000 in five years.  Principal amount = $20,000  Interest rate…

Q: The consumption and saving functions in the Keynesian model Suppose we observe that a person's…

A: We are going to calculate savings in year 2021 to answer the part f.

Q: You are planning to have some retirement income and want to retire in 15 years. Until then you will…

A: Given:Value of first deposit=PW=$5000rate of deposit increase=g=4%rate of interest (compounded…

Q: If you put your $100 into a saving account which earns 5% interest, how long does it take for your…

A: Given information: Amount kept in saving account = $100 Interest rate = 5%

Q: An engineer invests $5,800 at the end of every year for a 35-year career. If the engineer want $1…

A: Rate of return is a financial measure used to evaluate the profitability or performance of an…

Q: You will need to spend money to achieve most of the long-term goals you set in your life. It could…

A: Income   Gross wages(A) $3,500.00 Taxes(B) $830.00 Interest earned (C) $60.00 Stock Dividend…

Q: What does the interest rate you determine represent?

A: The interest is a specific percentage of the principal amount that is lent, borrowed, or deposited…

Q: What is the Deferred Savings Plan?

A: A  deferred savings plan is a plan  which allows the taxpayer to pay money in  the plan and  then…

Q: Determine your personal savings if: $9800 is the personal consumption expenditure. $12,000 is the…

A: The information in the above query is:   Personal Consumption Expenditure = $9800Personal disposable…

Q: You take out a loan of $12,000 to pay for a piece of equipment. You plan to repay the loan in 16…

A: Suppose you want to pay the first installment at the end of the year. So 16 equal payments of $1100…

Q: The first thing paid when repaying a loan is the principal. True or False?

A: Principal denotes the original amount of money borrowed by the individual for meeting his/her needs.…

Q: What will the value of spending be if you had $1300 in savings and $2250 in income

A: Given,   Income (Y) = $2250Saving (S ) = $1300

Q: You borrow $500 from a family member and agree to pay it back in six months. Because you are part of…

A: Interest rate: It refers to the rate at which the person who had borrowed money from any person has…

Q: Calculate Savings when income is $2000 and APS is 0.62

A: The data presented in the question above is:- Income  = $2000 APS = 0.62  Savings is to be…

Q: You are thinking of purchasing a house. The house costs $350,000. You have $50,000 in cash that you…

A: Annual Payments refers to the (x) the total amount of payments anticipated to be paid or received,…

Q: Gross domestic product per capita is the total income of everyone in a year, divided by population.…

A: Per capita income is the income of the country i.e., GDP divided by the population. This will give…

Q: ne person bought a DVD player for $399.00. You paid a down payment of $99.00 and agreed to pay the…

A: Interest rate has been calculate for 3 months of $10 on Principal amount .  One point is remember is…