You have been making quarterly contributions to your savings account for the last your contributions are $1,900 per quarter (at the end of quarters) and your savings account offers the APR of 5%, how much money do you have in that account? O $127,246 O $131,108 O $120,357 O $135,560 O $123,934

Q: How much must you deposit into an account that pays 5% each year to have a balance of $750 after 5…

A: Using PV formula we can determine what amount you need to deposit into the account today. The PV…

Q: How much would you need to deposit in an account each month in order to have $20,000 in the account…

A: The amount you need to deposit in an account each month in order to have $20,000 in the account in 7…

Q: Suppose you want to have $400,000 for retirement in 20 years. Your account earns 8% interest. How…

A: Here, Particulars Values Future value (FV)  $ 4,00,000.00 Annual interest rate 8.00% Time…

Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 7% interest. How…

A: We need to use future value of the ordinary annuity formula to calculate monthly payment to get the…

Q: How much would you need to deposit in an account each month in order to have $50,000 in the account…

A: Given: Future value = $50,000 Time =8 years Monthly period = 8*12 = 96 Interest = 4.5% So, monthly…

Q: If you deposit $100 in a savings account at the end of each month for 2 years, the balance will be a…

A: Ordinary Annuity means a series of equal payments that are made over a fixed length of time at the…

Q: If you deposit RM15,00O in an account earning 18% with quartely compounding how much would you have…

A: Using the future value function in excel

Q: If you deposit $20,000 per year for 18 years (each deposit is made at the beginning of each year) in…

A:

Q: You want to have $100,000 in your savings account 3 years from now, and you're prepared to make…

A:

Q: how many years will it take $18939accumulate to $34247 when you deposited in a savings account that…

A: Future value of amount increases with interest and with increase in time period and also it depends…

Q: You want to have $46,000 in your savings account 6 years from now, and you're prepared to make equal…

A: Annuity is a series of payments being made in order to receive more value in future. Under ordinary…

Q: You put $1, 000 into a savings account today that offers a 5% APR with semi-annual compounding…

A: Number of period is 4 (2 x 2).

Q: If you deposit $500 in a savings account that offers3 percent interest, compounded annually, and…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: You want to receive $8,000 per month in retirement.  If you can earn 0.6% return per month and you…

A: You want to receive $8,000 per month in retirement.  If you can earn 0.6% return per month and you…

Q: You deposit $66000 into an account which pays 5% compounded quarterly. How much can you withdraw at…

A: Perpetuity means infinite no. of payments which are same in size and made in equal intervals. Person…

Q: 4. You deposit $50 each month in an account that pays 4.2% compounded monthly. How much is in in…

A: Compounded monthly refers to the annual rate of interest where the interest accrues at the end of…

Q: A) How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: A.  Compound interest is the interest that the amount will be calculated on both principle and…

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

A: formula to be used = Future value=PMT(1+r/n)n*t-1)/r/n   PMT= Monthly payment R= interest rate N=…

Q: How much money would you need to place in an account to have $1,000 10 years from today? Assume the…

A: The formula used as follows: Present value=Future value1+innt

Q: How much should you deposit at the end of each quarter into an account that pays 4.4% annual…

A: The principle refers to the amount you committed to repay at the outset. The expense of borrowing…

Q: You lend a friend $50,000. Your friend will repay you in 6 equal annual end-of-year payments of…

A: Solution:- When an amount is borrowed, it can either be repaid as a lump sum payment or in…

Q: If $35000 is put in a savings account paying interest of 5% compounded annually, what amount will be…

A: The future value of the invested amount is determined after compounded the interest accrued with the…

Q: If i deposit $1,884 per year into a savings account earning 2% interest per year, how much will i…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 9% interest. How…

A: Compound = monthly = 12 Future value = fv = $500,000 Time = t = 30 *  12 = 360 months Interest rate…

Q: You want to have $67,000 in your savings account 10 years from now, and you're prepared to make…

A: Payment per period is the regular payments made or received of an investment, while future value is…

Q: You deposit $290 each quarter into an account earning 6.8% interest compounded quarterly. a) How…

A: Present value is an estimate of the present value of future cash values ​​that may be received at a…

Q: How much would you need to deposit in an account now in order to have $6,000 in the account in 8…

A: In order to solve this question one has to solve for the present value to know how much to save into…

Q: you have been depositing equal amount of $400 each year for 4 years in an account that earns 12%…

A: Future value refers to the compounded value of all future cash flows at a given rate of interest for…

Q: You deposit $57000 into an account which pays 7% compounded annually. How much can you withdraw at…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: You want to have $51,000 in your savings account 9 years from now, and you're prepared to make equal…

A: Payment per period is the regular payments made or received of an investment, while future value is…

Q: Suppose that you are to make annual deposit of $3,000 into a retirement account that pays 11%…

A: Future value of the amount is the worth of the current amount in some future specified date at given…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 10…

A: Present value is a financial concept that represents the value of a future sum of money in terms of…

Q: How much would you need to deposit in an account now in order to have $20,000 in the account in 4…

A: Interest rate = 5%No. of years = 4FV = 20000

Q: You deposit $10,000 in an account earning 4% interest compounded monthly. a. How much will you have…

A: Compound Interest is the interest on a deposit or loan calculated on the initial principal and the…

Q: If you deposit $150 dollars into your savings account at the beginning of each month, and that…

A: Future value is an estimate of the future cash flows ​​that may be received at a future date,…

Q: You make a $2500 deposit today in a savings account that pays 3.5% interest APY compounded monthly.…

A: Initial deposit = $2500 Interest rate = 3.5% compounded monthly Period = 10 years

Q: How much should you deposit into an account that pays 3.6% compounded monthly if you want to have…

A: The time value of money implies that the cash in hand at present has a higher value than the cash…

Q: If you deposit $2,000 into an account at the end of each of the next 40 years, at 4.5% interest, how…

A: It can be solved using  In excel FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate for the…

Q: If you make monthly deposits of $2,960 into your savings account for the next 25 years, what return…

A: Compound = Monthly = 12Payment = p = $2960Time = t = 25 * 12 = 300Future Value = fv =…

Q: You wish to save $58000 in an account which pays 7% compounded quarterly by making monthly deposits…

A: Given:   Expected value in the account in future  $58,000.00 Interest rate per year 7%…

Q: How much should you deposit in an account so that you can withdraw $5300 every year for the next 18…

A: Using excel PV function