You will deposit $12,000 today. It will grow for 6 years at 10% interest compounded semiannually. You will then withdraw the funds annually over the next 4 years. The annual interest rate is 8%. Your annual withdrawal will be:

Q: In 3 years, you will receive $4,000. One year after that, you will receive the first of 8 annual…

A: Future Value: It represents the future expected value of the current cash flow stream compounded…

Q: At the end of each month for the next ten years you will receive cash flows of $75.  If the…

A: Present value of annuity = 75{1-(1+0.072)^-120}/0.072

Q: make $6,000 annual deposits into a retirement account that pays an APR of 10.9% compounded monthly.…

A: Future value of deposits will include the amount that is being deposited and amount of compound…

Q: You wish to have $200,000 at the end of twenty years. In the last five years, you withdraw $1,000…

A: Amount at end of 20 years = $200,000Withdrawal = $1000 @ rate = 3.8% compounded quarterlyMonthly…

Q: You deposit $62000 into an account which pays 3% compounded monthly. You leave the money in the…

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

Q: You are scheduled to receive Rs. 360,000 in two years. When you receive it, you will invest it for…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: You deposit $63000 into an account which pays 5% compounded semiannually. How much can you withdraw…

A: Given:Principal (P) = $63,000Rate (r) for every six months = 5%Semi-Annually Rate = 5%/2 = 0.025…

Q: You are making $5,000 monthly deposits into a fund that pays interest at rate of 6% compounded…

A: We need to use the concept of time value of money (TVM) to solve the question. According to TVM, the…

Q: You decide to make regular deposits every 2 weeks into an account that earns 5% annual interest,…

A: The future value of the deposits is $29,000. The annual interest rate is 5%. The maturity period is…

Q: You deposit 2,000 in an account that pays 7% interest compounded semiannually.after two years the…

A: The concept of time value of money will be used here. Money deposited today gets computed and hence…

Q: You deposit $24,000.00 in an account that pays 6% compounded quarterly and immediately start making…

A: In this problem you have to find out present value FACTOR and find out quarterly deposits.

Q: You deposit $64000 into an account which pays 5% compounded monthly. You wish to make semiannual…

A: Amount that can be withdrawn from account depends on the period of withdrawal and interest rate of…

Q: If you deposit $700 every year for the next 5 years, with first deposit to be made today and all…

A: Amount deposit per year = $700 Time period = 5 Years Interest Rate = 3.76%

Q: You plan to deposit $3,000 at the end of each year for three years, starting with the first deposit…

A: The future value of annual deposit beginning today is calculated using the following equation Where,…

Q: You will deposit $5,000 today. It will grow for 9 years at 12% interest compounded semiannually. You…

A: A regular, periodic contribution of money or funds that is made once a year, often on an annual…

Q: You plan to deposit $200 at the end of every six months for 8 years starting at the end of month 6.…

A: Answer: Calculation of the amount that will be available to withdraw at the end of year 15: The…

Q: You have a financial goal of $140,000. The rate is 3% compounded annually. The time is 16 years.…

A: Formula to calculate annual periodic deposit Annuity=FV *r[(1+r)n-1] Where, FV = Future value r =…

Q: You need to have $33,500 in 14 years. You can earn an annual interest rate of 5 percent for the…

A: The deposit amount today is calculated as the present value of required amount in future. Present…

Q: Starting in 6 years you want to be able to withdraw P5,940 every 3 months for 12 years. You want to…

A: Interest rate = 2.08% monthly compounded Amount to withdraw every 3 months (X) = P 5940 Number of…

Q: You are going to withdraw OMR5,000 at the end of each year for the next four years from an account…

A: Calculate the present value by using excel as follows: Present value is 16,198.60…

Q: The stated interest rate on your account is 8% interest, compounded monthly if you deposit $50 each…

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

Q: At the end of each month for the next ten years you will receive cash flows of $50.  If the…

A: Annuity refers to the contract between an insurer and the insurance company in which a fixed…

Q: You borrow a GPM of $120,000 with annual payments and 30-year term. The interest rate is 10%. The…

A: To solve this problem, we can use the formula the present value of a growing annuity. The formula…

Q: You need to have $30,750 in 11 years. You can earn an annual interest rate of 6 percent for the…

A: To calculate the deposit amount we will use the below formula   Deposit amount =…

Q: You make deposits of $300 each year for the next 17 years at 5 % compounded annually. How much is in…

A: Annual deposit (P) = $300 Interest rate (r) = 5% Period (n) = 17 Years

Q: Assume that you make quarterly payments of $ 400 into an annuity paying 6% interest compounded…

A: Future value of annuity formula is: Future value of annuity is calculated in excel with function…

Q: You deposit $87000 into an account which pays 4% compounded quarterly. You leave the money in the…

A: Compound = Quarterly = 4Present Value = pv = $87,000Interest Rate = r = 4 / 4 = 1%Time = t = 10 * 4…

Q: what amount will accumulate if we deposit 8500 at the beginning of each year for the next 10 years…

A: Solution Given Deposit at the beginning of each year 8500 Number of period 10 years…

Q: You put $1,000 into a savings account today that offers a 55% APR with semi-annual compounding…

A: GIVEN, PV = $1000 N = 2 M = 2 (SEMI ANNUAL) R=55%

Q: You deposit $78000 into an account that pays 5% compounded quarterly. You leave the money in the…

A: Computation:

Q: interest

A: Formula to calculate the annual deposit A(F/A, i, n)(F/P, i, n)

Q: wish to save $25,000 by depositing $200 at the end of each month. If the interest rate is 3%…

A: Future value of money is the amount of deposit made and the amount of interest accumulated over the…

Q: You deposit $500 each month for four years. How much will be in the account after the four years if…

A: Compound = Monthly = 12Monthly Payment = p = $500Time = t = 4 * 12 = 48Interest Rate = r = 4 / 12%

Q: Consider a deposit of $200 made at the end of the year. There are another four annual deposits…

A: Future Value (FV) is a term used in finance to describe the estimated value of a cash flow or…

Q: You want to be able to withdraw $50,000 each year for 20 years. Your account earns 5% interest

A: The amount of annual withdrawal of $50,000 each year is an annuity.   We will have to determine the…

Q: How much do you have to deposit today so that beginning 11 years from now you can withdraw ​$12,000…

A: Given, Amount that can be withdrawn from years 11 to 16 is $12000 Additional amount at end of 16 th…

Q: You deposit $35,000.00 in an account that pays 6% compounded quarterly and immediately start making…

A: Amount Deposited = $ 35,000 Rate of Interest = 6% compounded quarterly

Q: You deposit $1,000 in a fund at the end of each year for a 10- year period. The fund pays 5%…

A: An amortization schedule is a complete table of periodic loan payments, showing the amount of…