You deposit $450 each month into an account earning 8% interest compounded monthly. a) How much will you have in the account in 30 years? b) How much total money will you put into the account? c) How much total interest will you earn?

Q: future value of your money in 17 years.

A: Future Values: Future value is the value that will be increased or decreased after a particular…

Q: Suppose you want to have $400,000 for retirement in 35 years. Your account earns 10% interest. How…

A: We can use the concept of time value of money. Here the monthly deposit is in the form of annuity…

Q: If you deposit $8,000 in a bank account that pays 7% interest annually, how much will be in your…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: If you deposit $50,000 in an account that pays an annual interest rate of 10% compounded monthly,…

A: The objective of this question is to calculate the future value of an investment given the initial…

Q: If you make quarterly deposits of $415.00 into an ordinary annuity earning an annual interest rate…

A: Future value of an annuity depends on the regular payments and interest rate applicable on the…

Q: ou deposit $500 in an account earning 7% interest compounded annually. How much will you have in…

A: Given information: Present Value of deposited money : $500 Interest rate : 7% Time period : 10 years…

Q: You will deposit $105 from each of your bi-weekly paychecks.  You think that you can earn an…

A: Future value of an annuity is a financial concept used to determine the future value of a series of…

Q: You deposited $1000 in the bank today.  What will be in your account in 25 years assuming an…

A: Given Information: Present Value (PV) = $1000 number of period (n) = 25years. Interest Rate = 6%

Q: You are considering investing $1,000 in a bank term deposit for 6 years. The term deposit will pay…

A: Solution: An amount invested somewhere, earns interest on it.  The amount initially deposited is…

Q: You will need to deposit $_______ each quarter.

A: Future Value of Annuity: It is computed by compounding the present stream of annuity cash flows…

Q: you for the next 6 years, with your first deposit one month from today. If your savings earn 12.05%…

A: As per the given information: Amount deposited every month = $650Period = 6 yearsInterest rate =…

Q: Suppose you have accumulated $22,000 in credit card debt. If the interest rate on the credit card is…

A: Present Value = Annuity * PVAF (Periodic rate, Number of Periods )

Q: Suppose you put $200 into a bank account at the annual interest rate of 7%.  *Round your answer to…

A: In this we have to find the future value of given value.

Q: If your bank pays you 1.6% interest and you deposit $550 today, what will be your balance in five…

A: Time value of money (TVM) means that the amount of money received in the present times will have…

Q: You have a bank account that pays an annual interest rate of 6.9%. If you deposit $5,000 today and…

A: In the realm of financial foresight, the question at hand revolves around the future value of…

Q: you deposit $1,000 each year into an account earning 3% interest compounded annually. How much will…

A: Time value Value received today by an individual is of more worth than receiving the exact value in…

Q: Suppose you put $100 into a savings account today, the account pays a nominal annual interest rate…

A: Future Value Future Value is the value which is measured at a specified date at a given interest…

Q: ou deposit $300 in an account earning 6% interest compounded annually. How much will you have in the…

A: Amount Deposited = $300 Interest Rate(r) =6% Years(N) =10

Q: It is now the beginning of the year. Assume that, starting at the end of the year, you will make…

A: The future value of annuity is calculated using following equation Future value = P×(1+r)n-1r Where,…

Q: You deposit $1,000 today and want to save $100 each month beginning one month from today. Your…

A: We have to find the number of periods it will take to reach a target accumulated value, starting…

Q: You would like to have $78,000 in 12 years. To accumulate this amount, you plan to deposit an equal…

A:

Q: Assume you deposit $50,000 today in a bank account offering an interest rate of 7.50% per year,…

A: Maturity Amount = Principal x (1+Interest Rate)Maturity Period Interest Earned = Principal Amount -…

Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…

A: When a principal amount grows with interest over a time period, it is known as the future value.…

Q: You deposit $100 each month into an account earning 4% interest compounded monthly. a) How much…

A: Amount Deposited Each month is $100 Interest rate is 4% Compounded monthly Time period is 15 years…

Q: You will deposit $112 from each of your bi-weekly paychecks.  You think that you can earn an…

A: To calculate the future value , the effect of compounding statement on the rate of interest given…

Q: You deposit $600 in an account earning 2% interest compounded annually. How much will you have in…

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

Q: You deposit $3375 today in a savings account that pays 6.25% interest, compounded annually. How much…

A: Future Value refers to the value of the current asset investment or cash flows at a specified…