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 $500,000 for retirement in 25 years. Your account earns 6% interest. How…
A: The future value of an annuity is the future worth of a series of cash flows at a certain rate of…
Q: 7. If you deposit $14,000 in a bank account that pays 4.7% interest annually, how much would be in…
A: Future Value = Deposit * [ 1 + Interest rate ]Number of years
Q: If you want to have $60.000 in 8 years, how much do you need to deposit in the bank today if the…
A: Deposit required today = FV/(1+r)n Where FV - Future value = $60,000 r - Interest rate = 9% n -…
Q: If you deposit money today in an account that pays 4% annual interest, how long will it take to…
A: Assume , you invest $100 double the money invested = $100 * 2 = $200
Q: How much money would you need to deposit today at 9% annual interest compounded monthly to have…
A: Future value (FV) = 700,000 pesos Interest rate = 9% Monthly interest rate (r) = 9%/12 = 0.75%…
Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 6% interest. How…
A: Using excel PMT function = PMT(rate,nper,pv,fv)
Q: How much is there in a savings account in 2 year we deposit $5,000 now at a rate of 0.25% per month…
A: We need to compute the future value of $5,000 after 2years, Formula for same is : = A ( 1 + r)n Rate…
Q: If you make monthly $500 deposits into your investment account paying 9.58% interest annually, how…
A: Interest is an amount which is received on the deposited amount for the period. It increases the…
Q: How much would you need to deposit in an account right now in order to have $2,000 in the account in…
A: Amount = $2,000 = A Time period = 10 years = T Interest rate = 2% = R Compounded monthly where it…
Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 7% interest…
A: Future Value = $800,000 Time period = 25 years Interest rate = 7%
Q: How much do you need to invest in an account earning an annual interest rate of 3.493% compounded…
A: The present value of an investment refers to the sum amount of money that will be required today in…
Q: 1. (a) A bank account pays 5.5% annual interest, compounded monthly. How long will it take the money…
A: We use NPER to find time and Rate function to find APR
Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 9% interest…
A: The amount that need to be deposited can be calculated using the formula of future value of annuity.…
Q: Suppose you want to have 800000 for retirement in 35 years. Your account earns 5% interest. hoe…
A: Amount that need to be deposit every month can be calculated using the formula of future value of…
Q: How much would you have to deposit today if you wanted to have $60,000 in four years? Annual…
A: Present value: It can be defined as today’s value of the sum of money that will be received by the…
Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 4% interest. a) How…
A: The Future Value of the annuity is the total value of all the payments which is occurred regularly…
Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 7% interest. a)…
A: Future value of annuity = P * [ (1+r)^n - 1 ] /r Where, r = rate of interest per period i.e.…
Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 4% interest. How…
A: The future value of the annuity is the total value of all the payments which is occurred regularly…
Q: How much would you need to deposit in an account now in order to have $6000 in the account in 5…
A: The question gives the following information:
Q: If you deposit money today in an account that pays 4% annual interest, how long will it take to…
A: Given information: Let us suppose the present value is $1, Interest rate is 4% Future value is…
Q: 5. Suppose you want to have $900,000 forretirement in 30 years. Your account earns 8% interest. a)…
A: Introduction: A recommendation of a certain amount of money for savings purposes, upon retirement by…
Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 4% interest. How…
A: Using excel PMT function
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: How much would you need to deposit in the account each month?
A: Annuity Payments: These are payments of equal intervals made. Examples of annuity payments include…
Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 4% interest. a)…
A: Introduction Future Value: The value derived for the money invested today at a future point of time,…
Q: Suppose you want to have $300,000 for retirement in 35 years. Your account earns 10% interest. a)…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: How much will you have in the account 30 years from now ? What is the interest earned on the…
A:
Q: If a bank pays 17% compounded monthly, how much should be deposited now to have $1700 in 5 years…
A: Compound interest is the amount where interest with principle amount also get compounded. Amount=…
Q: If you invest $1,000 in an account that pays an annual interest rate of 6.4%, compounded monthly,…
A: Computation:
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 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: If you put 20,000 in a savings account that pays interest at the rate of 4% compounded quarterly,…
A: Compound interest also called interest on interest. It is the addition of interest in the principal…
Q: If you want to have $60,000 in 8 years, how much do you need to deposit in the bank today if the…
A: Here. Required Amount in 8 Years (FV) is$60,000 Interest Rate (r) is 9% Time Period is 8 years
Q: Suppose your savings account pays 6% interest compounded monthly. If you deposit $18,000 forfour…
A: Time value of money (TVM) means that the money received today will be worth more than the money…
Q: Suppose you want to have $800,000 for retirement in 20 years. Your account earns 6% interest. How…
A: Solution:- When an equal amount is deposited each period, it is called annuity. Future value of…
Q: Suppose you found a CD that pays 2.9% interest compounded monthly for 6 years. If you deposit…
A: Deposit money (P) = $12000 Compound interest (r) = 2.9% compounded monthly Time (nt) = 6 years =…
Q: If you deposit money today in an account that pays 6.5% annual interest, how long will it take to…
A: Rule 72 refers to the rule which makes it a simple calculation for the person to determine that in…
Q: If you deposit money today in an account that pays 4%annually interest. How long will it take to…
A: Let's Say, one deposited $50,000 at 4% pa, you want it to become 1,00,000, one needs to follow the…
Q: How much money should be deposited today in an account that earns 5.5% compounded monthly so that it…
A: Amount after 3 years = $12,000 Interest Rate= 5.5% per annum Interest rate monthly = 5.5/12=…
Q: How much do you need to invest into an account today with 7% monthly compounded interest in order to…
A: Given details are : Future value = $500000 Interest rate = 7% Compounding frequency = Monthly Time…
Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 5% interest.a) How…
A: The question given is related to the annuity payouts, which refers to a series of payments paid over…
Q: How much would you need to deposit in an account now in order to have $4000 in the account in 5…
A: We need to use compound interest formula given below to solve this problem. A=P(1+i)n Where A= Final…
1. If you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money?
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- If you deposit money today in an account that pays 5% annual interest, how long will it take to triple your money?If you deposit money today in an account that pays 4%annually interest. How long will it take to double your money?If you deposit money today in an account that pays 10.7 percent annual interest, how long will it take to double your money? a. 6.82 years b. 9.35 years c. 10.70 years d. 2.73 years e. The answer cannot be calculated without knowing how much money is initially deposited.
- Suppose you need to have $57,942.00 in an account 25.00 years from today and that the account pays 11.00%. How much do you have to deposit into the account 5.00 years from today? Suppose you deposit $1,101.00 into an account 7.00 years from today. Exactly 15.00 years from today the account is worth $1,466.00. What was the account's interest rate? Suppose you deposit $1,093.00 into an account 7.00 years from today that earns 12.00%. It will be worth $1,613.00 _____ years from today. Assume the real rate of interest is 2.00% and the inflation rate is 4.00%. What is the value today of receiving 10,528.00 in 15.00 years?TIME FOR A LUMP SUM TO DOUBLE If you deposit money today in an account that pays4% annual interest, how long will it take to double your money?If you deposit $50,000 in an account that pays 4% annual interest, how long will it take to double your money?
- Suppose you currently have $4,800 in your savings account, and your bank pays interest at a rate of 0.47% per month. If you make no further deposits or withdrawals, how much will you have in the account in 6 years? In 6 years' time, you will have $________ in the account.5. Suppose you want to have $700,000 for retirement in 25years. Your account earns 9% interest.a) How much would you need to deposit in the account each month? b) How much interest will you earn?Suppose you want to have $800,000 for retirement in 25 years. Your account earns 7% interest.a) How much would you need to deposit in the account each month?$b) How much interest will you earn?$
- Suppose you want to have $500,000 for retirement in 25 years. Your account earns 9% interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?Suppose you want to have $700,000 for retirement in 30 years. Your account earns 10% interest. a) How much would you need to deposit in the account each month? $ b) How much interest will you earn? $ es2. Suppose you deposit shs 5,000,000 into an account earning 4 percent interest, compounded monthly. a) How many years will it take for your account to be worth shs7, 500,000? b) Suppose in addition to the initial shs5, 000,000 deposit, you will make monthly contributions of shs50, 000. How many years will it take for the account to grow to shs7, 500,000 in this case? c) How does your answer change if you make quarterly deposits of shs150, 000 rather than monthly contributions of shs 50,000? Explain the reason for any difference in your answer from part b. Maintain the assumption that interest compounds monthly. 3. (a)What do you understand by ordinary share? Preference share? (b)Give features of each of the two? (c)The Brigapenski Company has just paid a cash dividend of Tshs 20 per share. Investors require a 16% return from investments such as this. If the dividend is expected to grow at a steady 8% per year, what is the current value of the stock? What is the stock's worth in 5…