You invested 7,667.40 into an account that pays 9.15% interest. How much money will you have in 40 years? 254,447 160,582 182,664 318,656 201,427

Q: You invested $100,000 into an account 25 years ago. The investment is now worth $350,000. Calculate…

A: The interest rate on the amount invested today after certain years will be found by using the…

Q: Assume you put $200 per month into a retirement account for 14 years, and the account has an APR of…

A: Present Value  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: 6. If you deposit $4,000 now, $5,000 at the end of 2 years and $6,000 at the end of 5 years into an…

A: The concept of money's time value reveals that any sum currently is worth more as compared to the…

Q: You just switched from a savings account that paid 4% to one that pays 5%. If you have $75,000 in…

A: Compound interest is when you earn interest not just on your initial amount but also on the interest…

Q: years from today, and 2,000 four years from today. What will the value of your account be 4 years…

A: The future value is the estimated value of an investment that accounts for compound interest or…

Q: If you deposit RM15,000 in an account earning 12%, how much would you have in the amount after 15…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

Q: You invest $9,000 today at an annual interest rate of 5%. How much do you expect to have 5 years…

A: P = $9,000r = 5% = 0.05n = 5

Q: You have $10,000 in your 401(k) at work. You expect to retire in 35 years. How much will you have in…

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

Q: You put 280,000 dollars in a bank which gives you 0.75% interest compounded daily. If you leave that…

A: The amount of interest earned can be computed with the help of future value function

Q: Assume that you will invest $200 in one year, $400 in two years, and $600 in three years. If you…

A: Future Value: It is  the worth  of an asset at a future date based on an assumed pace of growth.

Q: You invested 15,334.80 into an account that pays 4.40% interest.  How much money will you have in 17…

A: Future value (FV) is the value of an investment or cash flow at a specific point in the future,…

Q: You would like to have $550,000 when you retire in 35 years. How much should you invest each quarter…

A: The amount that a present investment will gain in value over time when kept in a compound interest…

Q: How much do you need to invest today, at 0.5% interest per year, in order to have $75,000 in 15…

A: Future value (FV) = $ 75000 Interest rate (r) = 0.5% Period (n) = 15 Years

Q: Five years ago, you saved $5,000 in account X that pays a compounding interest rate. You also saved…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: . Example 2 You would like to have $500,000 in your retirement account when you retire in 25 Your…

A: The future value of money is considered as the sum of money received after a period of time at a…

Q: Your current account balance is $7,500.  You invested $6,300 5 years ago.  What rate of return did…

A: Answer) Future value = P×(1+r)^n r is interest rate P is amount n is years Given: Future value =…

Q: Assume you invest $15,000 today. How much will you have in five years at an interest rate of​ 10%?…

A: Future value is computed as: FV=PV1+rnwhere, FV =Future valuePV =Present valuer= rate of interestn=…

Q: how many years your money will be doubled?

A: answer :- c) n= 6.12 years given  present value PV= 10000 rate r=12% future value FV = 2*10000 =…

Q: If you deposited $1,500 into a savings account today, which pays 5% interest and left it alone for 7…

A: INFORMATION: RATE 5% YEARS 7 PMT (MONTHLY DEPOSIT) 0 PRESENT VALUE $1,500

Q: Suppose you buy car for $67,000 today with an interest rate of 12% over 5 years what is your monthly…

A: Time value of money is a financial concept which is used to calculate the value of money in present…

Q: nd inter

A: Note : As per our guidelines, we can only solve one question at once. Since, you haven't mentioned…

Q: How much do you need to invest today to receive $7,500 in 8 years, if you can earn 3% on your…

A: INFORMATION: RATE 3% YEARS 8 PMT (MONTHLY DEPOSIT) 0 FUTURE VALUE $7,500

Q: You want to be able to withdraw $50,000 each year for 20 years. Your account earns 8% interest. a)…

A: a) Hence, the amount in the account at the beginning is $490,907.37 b) Hence, the total money pull…

Q: How much would you have in your account at the end of 10 years if you deposit $2,000 into the…

A: Solution Continuous compounding is where the compounding is done continuously Mathematically Future…

Q: Assume you invest $1 000 at the end of this year, at the end of the second year, and at the end of…

A: Annual deposit for 3 years = $ 1000 Annual interest rate = 5% Future value period = 4 Years

Q: You invested money in a savings account paying 9% interest seven years ago. The account is now worth…

A: Saving account refers to the account which is used by individual to save money securely while…

Q: You invest $1,900 three years from today and $1,100 four years from today. How much will you have in…

A: Finance is the management of money. The time value of money principle explains that a dollar today…

Q: Calculate the time it will take for an investment of $25 000, invested at a simple interest rate of…

A: Simple interest is interest earned on the 'initial' principal amount invested at the simple interest…

Q: You are opening an investment account that will earn 6.5% compounded annually.  You will invest…

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

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: What does “nonrecourse” financing mean?

A: Nonrecourse financing is a branch of commercial lending. It makes the lender only to repay from the…

Q: You currently have $10,000 in your bank account. You will invest this $10,000 and $750 every quarter…

A: For calculation of annual rate of return we need to calculate rate per quarter first. The future…

Q: How much do you need to invest today if you will also invest $2,700 at the end of every year for 39…

A: Accumulated amount (AV) = $1,000,000 Rate of return (r) = 0.065 Annual deposit (D) = $2,700 Period…

Q: How long will it take $50,000 placed in a savings account at 17% interest to grow into $76,316.53?

A: Present Value, pv = $50,000Interest Rate, rate = 17%Future Value, fv = $76,316.53To compute the…

Q: se starting this year you decide to make deposits of $5,000 at the end of each year for the next…

A: Future value of amount increases with the amount being deposited and amount being deposited over the…

Q: If you invested $2500 in an account 12 years ago, and it's worth $4,285 now, what rate of return did…

A: Information Provided: Present value = $2500 Future value = $4285 Term = 12 years

Q: If you deposited $10,000 each year for 10 years and the interest rate is 5.00%, what is the value at…

A: INFORMATION: RATE 5% YEARS 10 PMT (MONTHLY DEPOSIT) 10000 PRESENT VALUE $0

Q: What will $248,000 grow to be in 12 years if it is invested today in an account with an annual…

A: Future Value = P(1+r/n)^ntWhere P = Principal = $248,000R = Rate on interest = 15%N = number of…

Q: How much will $7500 in savings today be worth 5 years from now if it earns 6%, compounded monthly?…

A: Compound = Monthly = 12Present Value = pv = $7500Time = t = 5 * 12 = 60Interest Rate = r = 6 / 12 =…

Q: You just deposited $6,300 in a retirement account and expect to earn an average return of 6.3…

A: Data given:PV=$6300Rate=6.3% (assumed annual compounding)n=30 yearsIf deposited  8 years…

Q: You’ve invested your savings at 8% and been able to accumulate $500,000. If you withdraw $50,000 at…

A: The question is based on the concept of Financial Accounting.