f i have $4360 now, and I continue to deposit $260 each month, how much will I have in 12 months at 5% interest. I'd love to be able to calculate the FV at every month (1-12)
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if i have $4360 now, and I continue to deposit $260 each month, how much will I have in 12 months at 5% interest. I'd love to be able to calculate the FV at every month (1-12)
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityYou will deposit $354 each year into an investment account that earns 5% interest (as an effective annual rate, EAR). Your first deposit will be exactly one year from today, and you'll make a total of 10 deposits. How much will be in your account 10 years from today?You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annnually on the account. How many years will it take to reach your goal?
- Suppose you want to have $800,000 for retirement in 20 years. Your account earns 6% interest. How much would you need to deposit in the account each month?You have $34,256.85 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $260,000. You expect to earn 14% annually on the account. How many years will it take to reach your goal? Please show step by step so that I can understand.suppose you want to be able to withdraw $4,800 at the end of each month for the next 20 years. How much would you need to have in the account at the beginning if you can earn 7.5% annually?
- Suppose you want to have $600,000 for retirement in 20 years. Your account earns 5% interest.How much would you need to deposit in the account each month?You are going to deposit $4100 in an account that pays 0.47 percent interest month. How much will you have in 9 years? MUST USE EXCEL FORMULA!You have $14,484.85 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $240,000. You expect to earn 14% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. years
- If you decide to deposit $480 every year for the next 6 years, with first deposit to be made one year from today and all deposits to be made at the end of each year, in an account that pays 4.62% APR with annual compounding, how much is this account worth in today's dollars?You have $27, 467.55 in a brokerage account, and you plan to deposit an additional $5, 000 at the end of every future year until your account totals $260,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number.You have already $5,000 in your savings account today. You want to have $50,000 in your savings account 10 years from today, and you are prepared to make equal annual deposits into the account at the end of each year. If the account pays 5% interest annually, what amount you must deposit each year?