You deposit $201 at the end of each quarter into an account that pays a nominal annual rate of 16% compounded quarterly. How much will you have in the account at the end of 15 years?
Q: How much must be deposited at the beginning of each year in an account that pays 3% compounded…
A: Time value tells that amount received today is of more value than that of receiving the exact value…
Q: Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. What…
A: "Hi, Thanks for the Question, Since you asked multiple sub parts, we will answer first three sub…
Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…
A: The size of the payment can be computed by using the PMT formula of excel. The values require for…
Q: How much will accumulate in an account with an initial deposit of $100, and which earns 10% interest…
A: Future value can be referred to as the value of an underlying asset or security at a future date.…
Q: Sixty monthly deposits are made into an account paying 8% nominal interest compounded monthly. If…
A: We need to use future value of ordinary annuity formula to calculate monthly payment PMT =FVn(1+r)n…
Q: One year from today you must make a payment of $4,000. To prepare for this payment,you plan to make…
A: Excel Spreadsheet: Excel Workings:
Q: Aidan deposits $1000 at the end of each quarter in an account that pays 5.25% per year, compounded…
A: Solution: An equal amount invested every period is called annuity. So, future value of annuity = PMT…
Q: You deposit $4,500 per year at the end of each of the next 25 years into an account that pays 10…
A: Given information: Annual deposit amount is $4,500 Annual interest rate is 10% Number of years is 25…
Q: Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. If…
A: FV of annuity = P * [(1+r)^n-1] / r Where, P = amount of each deposit r = rate of interest per…
Q: Harry Morgan plans to make 30 quarterly deposits of P200 into a savings account. The first deposit…
A: Solved using Financial Calculator N= 30 (7.5 * 4 = 30) I/Y = 8/4 = 2 PMT = 200 CPT FV = 8113.62
Q: If you invest $7,500 in an account paying 8.35% compounded continuously, how much will be in the…
A: In the simple interest, we calculate the interest amount which we will receive after the specific…
Q: A depositor puts $30,000 in a savings account that pays 4% interest, compounded quarterly. Equal…
A: A perpetuity is a security that pays for an infinite amount of time. In finance, perpetuity is a…
Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…
A: The equivalent annual cost is the periodic payment made towards the acquisition of an asset or…
Q: You borrow $1,000,000 at 3% compounded semi-annually and will pay it off over bi-weekly (every two…
A: Amount borrowed= $1,000,000 Rate= 3% compounded semi-annually Time (n)= Bi weekly over 25 years
Q: You have a financial goal of $140,000. The rate is 3% compounded annually. The time is 16 years.…
A: Formula to calculate annual periodic deposit Annuity=FV *r[(1+r)n-1] Where, FV = Future value r =…
Q: You borrow $1,000,000 at 3% compounded semi-annually and will pay it off over bi- weekly (every two…
A: There are two methods to charge interest on the loan taken. One is the simple interest method and…
Q: How much must be deposited at the beginning of every six months in an account that pays 5%…
A: Introduction Annuity Due represents a stream of equal payments made at the beginning of each period.…
Q: You expect to receive P1,000 at the end of each of the next 3 years. You will deposit these payments…
A: Future value: It can be defined as the value of an investment or any asset at a specified future…
Q: You are going to withdraw OMR5,000 at the end of each year for the next four years from an account…
A: Calculate the present value by using excel as follows: Present value is 16,198.60…
Q: How much must be deposited at the beginning of each year in an account that pays 7%, compounded…
A: Here, The future value is FV i.e $28,000 The rate of interest is r i.e. 7% The maturity is n i.e 10…
Q: Assume that you make quarterly payments of $650 into an annuity paying 8% interest compounded…
A: In this question we need to calculate the future value from following details: Quarterly payment =…
Q: If you deposit 2500 into an account paying 11% annual interest compounded quarterly, how long until…
A: The number of years: An initial investment grows to a certain given amount at a specified interest…
Q: How much must be deposited at the beginning of each quarter in an account that pays 5% compounded…
A: In this question payment per quarter has to be find out. Future value , rate of return and number of…
Q: You wish to save $76000 in an account which pays 5% compounded semiannually by making annual…
A: FUTURE VALUE OF ANNUITY =A×1+RMN×m-1RM WHERE, A=annuity R=rate of interest N= number of years M=…
Q: How much will be in an account at the end of five years the amount deposited today is $10,000 and…
A: The given problem can be solved using FV function in exceL. FV function computes amount BALANCE in…
Q: You make deposits of $300 each year for the next 17 years at 5 % compounded annually. How much is in…
A: Annual deposit (P) = $300 Interest rate (r) = 5% Period (n) = 17 Years
Q: Determine the amount of the payment required at the end of each quarter to repay a six-year loan of…
A: Time Value of Money :— According to this concept, value of money in present day is more than the…
Q: You borrow $10,000 at 8% for 4 years. The loan is repayable in four equal instalments at year end.…
A: Yearly installment will be calculated by amount of borrowing divided by present value factor of $1…
Q: You deposit $3000 in an account that pays 88% interest compounded semiannually. After 33 years,…
A: Amount deposited, P = $ 3,000Future value of P deposited in an account offering annual interest rate…
Q: You plan to deposit $100 at the end of every quarter (3 months) for 8 years starting at the end of…
A: Quarterly deposit (Q) = $100 Number of deposits (n) = 8 years = 32 quarters r = 8% per annum = 2%…
Q: Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. (…
A: Since you have asked a question with multiple parts, we will solve the first 3 parts for you. Please…
Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…
A: The amount which is deposited at the beginning of every period for a specified duration is known as…
Q: Suppose that you deposit $15 at the end of each month into a savings account that pays 2% interest…
A: Following informations are given in the question:
Q: CNB, Inc. will deposit $25,000 into a money market account at the end of each year for the next…
A: Compound Amount= A=P(1+r)nt A= FInal amount P= Initial Investment r= interest rate t= No. of times…
Q: If you borrow $5000 for five years and seven months at 9% compounded quarterly. How much is owed on…
A: Formula = Principal * [ 1 + Interest rate / 4 ]Number of quarters
Q: How much must be deposited at the beginning of each month in an account that pays 6% compounded…
A: Monthly rate = 6%/12 = 0.5% Number of periods = 7*12 = 84 Future value required is $31,000 Find…
Q: You plan to accumulate R450,000 over a period of 12 years by making equal annual deposits in an…
A: Annuity due is a type of annuity under which payment is deposit at starting of the each period and…
Q: You deposit $6000 in an account earnings 7% interest compounded monthly. How much you will you have…
A: future value formula: future value = present value×1+RMM×N where, R=rate M=frequency
Q: Determine the value of an ordinary annuity if $290 is deposited each month into an account earning…
A: In order to find the future value of an annuity, one can use excel and use FV function to determine…
Q: You’re prepared to make monthly payments of $190, beginning at the end of this month, into an…
A: NPER is the number of payments required to make to have an account balance 10,000 in future. Given:…
Q: If $800 is deposited in a savings account at the beginning of each year for 12 years and the account…
A: The future value of an annuity due is the future worth of a cash flow series receivable /paid at the…
Q: A business man has an obligation to pay $ 8,000 four years from now, and another obligation to pay $…
A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…
Q: If you deposit $1500 per month into a credit union savings account that pays interest at a rate of…
A: Using Excel FV function
Q: A person plans to make a series of equal quarterly deposits of $1,500 each into a savings account,…
A: Equal Quaterly deposits are of $1,500 Interest rate is 6.5% compounded daily Time period is 10 years…
Q: You deposit $76000 into an account which pays 4% compounded semiannually. How much can you withdraw…
A: When the instalments that are incurred at regular intervals for a not defined time period, the…
Q: You expect to receive P1,000 at the END of each of the next 3 years. You will deposit these payments…
A: Following is the computation of Future value at the end of the third year
Step by step
Solved in 3 steps
- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityYou deposit $96000 into an account which pays 7% compounded semiannually. How much can you withdraw at the end of every six months forever?
- You plan to deposit $5, 706 into a savings account paying 8% interest compounded quarterly. How much will be in your account - assuming no withdrawals - after three years?You deposit $5000 at the beginning of each year into an account earning 3% interest compounded annually. How much will you have in the account in 15 years?Suppose that you deposit $15 at the end of each month into a savings account that pays 2% interest compounded monthly. After a year, ------ is in the account.
- Suppose you deposit $1,250 at the end of each quarter in an account that will earn interest at an annual rate of 10 percent compounded quarterly. How much will you have at the end of four years?You decide to deposit $126 monthly in a 3.2% annual interest bearing account over the next 18 years. How much will have accumulated in the account at the end of the period?You plan to deposit $200 at the end of every six months for 8 years starting at the end of month 6. Then after leaving the money in the account for several years, you plan to withdraw everything 15 years from today. How much is available to withdraw at the end of year 15 if the account pays a nominal annual rate of 8% compounded monthly?
- How much should you deposit at the end of each quarter into an account that pays 4.4% annualinterest compounded quarterly in order to have $5000 in three years?You invest $3,000 in a Certificate of Deposit paying an annual compound interest of 1.26% for 10 years and then move it into a savings account that pays 0.70% interest compounded annually. What is the final balance in your account at the end of 18 years?Compute the future value of a $1500 deposit, after eight years, in an account that pays an interest rate of 7% that compounds monthly. How much interest will be paid to this account?
