|You have $5,000 in your savings account that pays 4% interest. How much will you have in your account after 20 years, a) if your bank pays annually compounded interest? b) if your bank pays monthly compounded interest? c) if your bank pays daily compounded interest? Current balance Interest Years |Compounding Annually Monthly Daily a) FV b) FV |c) FV

Q: A person deposits an annual amount into a savings account that decreases at a constant rate of $ 500…

A: Here, First Deposit is $10,000 Constant Decrease in payment is $500 Interest Rate is 15% Last…

Q: you borrowed $1,000 from a bank with 12% annual interest rate. You want to pay off the debt in 4…

A: Loan installment is that which is paid by borrower to lender for a specified period of time. This…

Q: If you deposit money today in an account that pays 5% annual interest, how long will it take to…

A: Interest rate (r) = 5% Future value factor required (FVF) = 3 Period = n

Q: Suppose you want to have $2,000,000 in 45 years. Calculate how much you need to deposit per nonth in…

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

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: You deposit $150 in your savings account every quarter for retirement and start with 0 in the bank.…

A: Quarterly Deposit = 150 Quarterly Compounding Initial Balance in Account = 0 Interest Rate = 5%/4 =…

Q: You have a bank account that is currently worth 10,000. How long will it take the bank account to be…

A: The declared or promoted interest rate on a financial instrument, like a savings account or loan, is…

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: 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: can you solve it with formulas? please make your text readable.

A: Answer  Deposit today = $100 Interest rate = 8% Time = 15 year

Q: If you deposit $500 in a bank account today that earns 3% interest and you deposit $20 per month…

A: Option 1: Deposit $ 500 now Future Value = Present Value*(1+ Interest rate)n Solved using Financial…

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 you deposit OMR 16830 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: Amount of Deposit = OMR 16830 Interest Rate = 8%  Years =5 Interest Rate half yearly (r)=8%/2 =4%…

Q: you want to withdraw $100 from an account in year one. Also, you want to withdraw $200, $250 and $70…

A: Present value is the equivalent value today of the future money based on time value of money and…

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: 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: If you want to have $22,431 in fifteen years, how much do you need to deposit in a bank account…

A: The deposit required to be made today can be calculated as the present value

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: Assume you borrowed $20,000 and the terms of the loan include paying 4% interest for a period of 10…

A:

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: Suppose you have $8,675,309 to deposit into a savings account for one year. The bank lets you choose…

A: Here Investor has $8,675,309 to deposit for 1 year @ 12% in two options: Compounded annually…

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 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: 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 want to be able to withdraw from a savings account $800 at the end of year 1, $900 at the end of…

A: present value formula: present value =future value1+ratetime

Q: If you want to have $22,327 in fifteen years, how much do you need to deposit in a bank account…

A: The deposit required today is calculated as the present value.

Q: You currently have $2,100 (present value) in an account that has an interest rate of 4% per year…

A: The concept of the time value of money states that money loses value over time pertaining to…

Q: If you deposit $25,000 per year for 13 years (each deposit is made at the end of each year) in an…

A: The question is based on the concept time value of money. The future value is defined as the value…

Q: You want to be able to withdraw $45,000 from your account each year for 20 years after you retire.…

A: Yearly deposit refers to an amount that is being deposited each year and earning a specified rate of…

Q: You deposit $700 each month into an account earning 3% interest compounded monthly. a) How many…

A: Future value is the amount that existing assets are worth at a specific future date after they have…

Q: Your bank offers you a savings plan with an APR of 2.7% compounded quarterly. You plan to save…

A: The future value refers to the estimated value of an investment or asset at a specific point in the…

Q: How much must you deposit in the bank today if you want to have $1,500 after 4 years?  Interest rate…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: How much must be deposited today into an account earning 3% interest annually to support an annual…

A: Information Provided: Interest rate = 3% Annual withdrawal = $1800

Q: if your bank pays you 1.5% interest and you deposit $700 ​today, what will be your balance in 5…

A: We will use the below formula to calculate the future valueFuture value = PV*(1+r)nWherePV - Deposit…

Q: How much do you need to deposit into a bank in order to receive proceeds of $200,000 in 5 years if…

A: The equation is, PV=FV÷1+in Where, Present value is represented by PV Future value is represented by…

Q: You plan to deposit $700 in a bank account now and $100 at the end of the year. If the account earns…

A: First we have tor calculate the future value of $700 deposit today and then we will add the second…