Your company wants to have GHS 135,000 four years from now to buy a new machine. As the financial manager of the company, you've just deposited GHS 45,000 today into a new bank account for saving towards the new machine. What equal amount must the company deposit each year in order to achieve it target if the GHS 45,000 deposited today and the annual deposits can earn an interest of 12% per year?

Q: An investor wants to get back his 10000$ savings as 18106$ in the future by depositing it in the…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: Through your career, you have saved-up $1,150,000. You are now ready to retire. You discuss your…

A: Present Value = pv = $1,150,000Annuity = pmt = $68,000Time = nper = 25 Years

Q: If you deposit $8,000 in a bank account that pays 7% interest annually, how much will be in your…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

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A: Time value of money concept will be applied here. Money deposited in an account grows as the amount…

Q: You plan to collect up to 6 million. ISK but you have 200,000 ISK. into your bank account. You…

A: The concept of time value of money will be used here. The value of money changes with passage of…

Q: if you place $1100 today into an account that pays simple interest and you have $6100 dollars in the…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: You have $14,000 in the bank today.  How much would you need to save each year in order to…

A: Current amount (C) = $14000 Let the annual saving = A r = 10% n = 30 years Accumulated value = $3…

Q: You want to save up enough money to purchase a new computer, which costs $4,500. You currently have…

A: Here, Required Amount (FV) is $4,500 Current Amount in Account (PV) is $4,000 Interest Rate is 8%

Q: (Comprehensive problem) You would like to have $59,000 in 15 years. To accumulate this amount, you…

A: Annuity is the series of equal cash payments over the period.

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A: An ordinary annuity can be seen as a certain set of regular payments or deposits made to either…

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A: Future value = $52,000Period = 12 yearsInterest rate = 10% compounded annually

Q: You need to accumulate $10,000. To do so, you plan to make deposits of $1,500 per year with the…

A: Amount to be accumulated = $10,000Annual deposits = $1,500Interest rate = 7%To find: Number of years…

Q: You’ve received a bonus of R104,613.95 at work and want to invest the money so you can afford a new…

A: The worth of money in future is calculated using the following formula:

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A: The objective of this question is to find out how many years it will take to accumulate $10,000 by…

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: You need to accumulate $10,000. To do so, you plan to make deposits of $1,350 per year - with the…

A: The FV of an investment refers to the combined value of the cash flows of the investment after they…

Q: You need to accumulate $10,000. To do so, you plan to make deposits of $1,300 per year with the…

A: The FV of an investment refers to the combined value of the cash flows of the investment after they…

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A: Future value is computed by following formula:-FV = A*(1+r)nwhereFV = future valueA = amount…

Q: Today you are opening a savings account and depositing an initial $5,000 into it. You plan to…

A: Maturity Value is that amount which will be received at the end of certain period of time. It…

Q: You opened a savings yesterday by depositing $10,000. You then continued to make deposits of $4,000…

A: Variables in the question:PV=$10,000PMT=$4000FV=$100000Rate=4% p.a.Required: No. of deposits…

Q: If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much…

A: PV=FV/(1+i)^n (PV= present value FV= Future value i= discount rate  n= Number of period ) FV=…

Q: Assume that your father is now 50 years old, plans to retire in 10 years, and expects to live for 25…

A: An annuity is a financial product or contract that provides a series of regular payments to an…

Q: You Save Bank has aunique account. If you deposit $9,000 today, the bank will pay you an annual…

A: FV = A*(1+r)nwhereFV = future valueA = amount investedr = interest raten =time period

Q: You need to accumulate $10,000. To do so, you plan to make deposits of $1,350 per year with the…

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

Q: You would like to have $78,000 in 12 years. To accumulate this amount, you plan to deposit an equal…

A:

Q: your $10,000 goal? Do not round intermediate calculations. Round your answer up to the nearest whole…

A: Annual PMT=1400Future value=10000Interest rate=r=9%

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A: The theory of compounding facilitates in ascertaining the Future value (FV) of today's money. It is…

Q: Suppose you want to have $700,000 for retirement in 30 years. Your account earns 10% interest. a)…

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

Q: Wells Fargo offers a new savings product: You make the following payments over the next 5 years and…

A: The FV of an investment refers to the cumulative worth of the investment's cash flows at a future…

Q: How much will you have to save each year (to the nearest dollar)?

A: Time value of money (TVM) means that the amount of money received in the present period will have…

Q: What is the value today of a money machine that will pay $1,507.00 per year for 10.00 years? Assume…

A: The concept of time value of money will be used here. To compute the future value we compound the…

Q: You decided to deposit $300 each month starting next month for the next 10 years. If your account…

A: Computation:

Q: You have $58,138.29 in a brokerage account, and you plan to deposit an additional $4,000 at the end…

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

Q: You just opened a brokerage account, depositing $4,500. You expect the account to earn an interest…

A:

Q: You need to accumulate $10,000. To do so, you plan to make deposits of $1,300 per year - with the…

A: Amount required = $10,000 Yearly Payment = $1,300 rate of interest = 13% no of years = ?

Q: Your first deposit of $5,000 will be made today. You also plan to make four additional deposits at…

A: Present value is the current worth of the amount that is deposited in some future date at given…

Q: You have just deposited $12,000 into an account that promises to pay you an annual interest rate of…

A: Calculate the future value at the end of the year 8 as follows: Future value = Present…

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A: Future value can be defined as the worth of money at a future date, computed in accordance with the…

Q: You have already $5,000 in your savings account today. You want to have $50,000 in your savings…

A: Data given: FV= $50,000 n= 10 years i= 5% p.a. Amount in savings account = $ 5000   Required: Amount…