Q: You deposit $5000 in an account earning 2% interest compounded monthly. How much will you have in…
A: Deposit (P) = $ 5000 Interest rate = 2% Monthly interest rate (r) = 2%/12 = 0.166666666666667%…
Q: You invest $ 20.000 in a bank account to buy a house at annual interest rate 15 per year, compounded…
A: Given information: Present value is $20,000 Interest rate is 15% per year compounded monthly Number…
Q: You deposit $500 today in a savings account that pays 6% interest, compounded annually. How much…
A: Deposit amount = $ 500 Annual interest rate = 6% Period = 40 Years
Q: If you deposited $5000 in a bank that offers 12% annual interest rate, if the bank compounds the…
A: Deposit=5000Annual interest rate=12%Number of years=5years
Q: How much would you need to deposit in an account now in order to have $3000 in the account in 15…
A: Using excel PV function
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 deposit $4000 in an account earning 8% interest compounded monthly. How much will you have in…
A: Given information ; P = 4000 r = 8% or 0.08 Compounded monthly so n = 12 t = 15 years
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: How much would you need to deposit in an account now in order to have $2000 in the account in 10…
A: Here, Future Value is $2,000 Compound Period is Monthly Interest Rate is 7% Therefore, Monthly…
Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…
A: Future Value is the compounding of present value at the specified rate of interest.
Q: You deposit $4000 each year into an account earning 4% interest compounded annually. How much will…
A: Future value of annuity = Annual payment x [(1 + i)n - 1]/i i = Interest rate n = number of years
Q: 1. If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in…
A: Dear Student, as per Bartleby answering guidelines we can answer only the first one if the student…
Q: Find how much money needs to be deposited now into an account to obtain $40,000 in 5 years if the…
A: Future value (FV) = $40,000 Period (n) = 5 Years Interest rate (r) = 7%
Q: Assume you make 10 equal annual deposits of $2000 into an account paying 8% per year. How much is in…
A: The amount available 6 years after the last deposit will be the future value of this annuity.
Q: Suppose you borrowed $37,000 at a rate of 9.0% and must repay it in 4 equal installments at the end…
A:
Q: You deposit $200 each month into an account earning 3% interest compounded monthly. a) How much…
A: Monthly Deposit = 200 Monthly Compounding Time Period (n) = 240 months Interest Rate (r) = 3%/12 =…
Q: You deposit $3000 each year into an account earning 5% interest compounded annually. How much will…
A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…
Q: You deposit $2000 each year into an account earning 3% interest compounded annually. How much will…
A: A deposit annually is rewarded by an interest annually that make a huge amount at the end of…
Q: You have just deposited $9,500 into an account that promises to pay you an annual interest rate of…
A: GOAL (FV) 27940 INTEREST RATE 6.20% YEARS 8+12=20 PMT 0 PV 9500
Q: You deposit $4000 in an account earning 3% interest compounded monthly. How much will you have in…
A: The amount after 10 years will be the future value of the initial deposit.
Q: You deposit $4700 in an account earning 3% interest compounded continuously. How much will you have…
A: Future Value Future value refers to the value of the investment at a certain point in time in the…
Q: How much would you need to deposit in an account now in order to have $6000 in the account in 5…
A: The question gives the following information:
Q: You deposit $4000 in an account earning 5% interest compounded monthly. How much will you have in…
A: Given: Interest rate = 5% Present value = $4,000 Period = 10 years
Q: How would you need to deposit in an account now in order to have $3000 in the account in 5 years?…
A: Given, Future Value = $3000 Time period = 5 years Interest rate = 7% Compounding = monthly
Q: If you deposit $10,000 in a bank account that pays 10 percent interest annually, how much would be…
A: Future value of a lumpsum deposited today can be calculated using the future value…
Q: You deposit $1000 each year into an account earning 6% interest compounded annually. How much will…
A: Ordinary Annuity is way of payment where payment happens at the end of each period.
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 $5000 each year into an account earning 6.8% interest. How much will you have in the…
A: Given: Yearly deposit = $5000 Interest = 6.8% annually Time =15 years
Q: You deposit $4000 each year into an account earning 8% interest compounded annually. How much will…
A: given PMT = 4000 n= 20 years i=8% FV = ?
Q: Assuming you will be able to deposit $6000 at the end of each of the next four years in a bank…
A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…
Q: You deposit $78000 into an account that pays 5% compounded quarterly. You leave the money in the…
A: Computation:
Q: You deposit $350 each month into an account earning 3% interest compounded monthly. a) How much will…
A: Given, Deposit amount (C) = $350 each month Timer period (n) = 35 years*12 = 420 interest rate (i) =…
Q: You deposit $3000 each year into an account earning 5% interest compounded annually. How much will…
A: Annuity payments: It refers to the fixed payment made in series or equal time intervals. Example:…
Q: How much will I need to deposit into an account to have $6,500,000 in 10 years earning 5 %…
A: The provided information are: Future value (FV) = $6500000 Interest rate (r) = 5% Number of years…
Q: You deposit $6000 in an account earning 7% interest compounded monthly. How much will you have in 15…
A: Time has been precious in all perspectives, however in terms of finance, time has a monetary value.…
Q: If you deposit 10000 in a bank account that pays 10% interest annually, how much will be in your…
A: The amount in the account after 5 years is future value of the deposited amount. Future value can be…
Q: You deposit $6000 in an account earning 4% interest compounded monthly. How much will you have in…
A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per period i.e. 4%/12 =0.333%n =…
Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…
A: Present Value is the today's value of a future amount at a given interest rate for a specified time…
Q: You deposit $3000 each year into an account earning 8% interest compounded annually. How much will…
A: Future value of annuity is used to calculate the value of streams of cash flows in future at a given…
Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…
A: Future Value = Present Value * e^(rt) Where, r =rate of interest i.e. 7% t = time i.e. 15
Q: You deposit $6000 in an account earning 2% interest compounded monthly. How much will you have in…
A: FV is the future worth of cash flow that have occurred in the past or present.
Q: If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your…
A: In the given question we require to compute the future value from following details: Present value =…
Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much will you have in…
A: Present value is $3,000. This amount earns interest at 3% interest rate that compounds monthly.…
Q: Assume that you keep RM5,555 in the savings account at Affin Bank with an interest of 15 percent per…
A: Saved amount = RM 5,555 Annual interest rate = 15% Period = 5 Years
Q: You deposit $5000 each year into an account earning 3% interest compounded annually how much will…
A: Amount we will have is future value of yearly payments future value is calculated using fv function…
Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…
A: We need to use compound interest formula given below to solve this problem. A=P(1+i)n Where A= Final…
Q: You deposit $4000 in an account earning 2% interest compounded daily. How much will you have in the…
A: Given, Deposit amount = $4000 Interest rate = 2% Compounding = Daily
Q: You
A: An annuity refers to a series of payments made at regular interval of time.
Q: You deposit $6000 in an account earning 6% interest compounded monthly. How much will you have in…
A: Computation as follows:
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- Calculating interest earned and future value of savings account. If you put 6,000 in a savings account that pays interest at the rate of 3 percent, compounded annually, how much will you have in five years? (Hint: Use the future value formula.) How much interest will you earn during the five years? If you put 6,000 each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after five years?Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?
- 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 put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.How would you need to deposit in an account now in order to have $3000 in the account in 5 years? Assume the account earns 7% interest compounded monthly.
- How much would you need to deposit in an account now in order to have $4000 in the account in 5 years? Assume the account earns 7% interest compounded monthly.How much would you need to deposit in an account now in order to have $5000 in the account in 10 years? Assume the account earns 5% interest compounded monthly. Submit Question1. you deposit $500 into an account that pays 4.2% interest compounded monthly. how much money will you have in the account after 7 years.
- You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in the account in 5 years?You deposit $500 each month into an account earning 5% interest compounded monthly.a) How much will you have in the account in 15 years?$b) How much total money will you put into the account?$c) How much total interest will you earn?$You deposit $10,000 in an account earning 4% interest compounded monthly.a. How much will you have in the account in 25 years?b. How much interest will you earn?