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In: Finance
Lisa Simpson wants to have $1,400,000 in 30 years by making equal annual end-of-the-year deposits into...
Lisa Simpson wants to have $1,400,000 in 30 years by making equal annual end-of-the-year deposits into a tax-deferred account paying 11.75 percent annually. What must Lisa's annual deposit be?
Solutions
jeff jeffy answered 6 months agoRelated Solutions
Anne Simpson wants to have $1,400,000 in 50 years by making equal annual end-of-the-year deposits into...
Anne Simpson wants to have $1,400,000 in 50 years by making
equal annual end-of-the-year deposits into a tax-deferred account
paying 11.75 percent annually. What must Anne's annual deposit
be?
The amount of Anne's annual deposit must be $__ Round to the
nearest cent
brandon wishes to accumulate 100,000 by making level monthly end of month deposits for 30 years...
brandon wishes to accumulate 100,000 by making level monthly end of
month deposits for 30 years into an account that earns 5.4%
interest convertible monthly. after 10 years the interest rate
increases to 6.6% convertible monthly. what should brandons new
deposit amount be if he wishes to accumulate 100,000 at the end of
30 years?
1. Lisa Simpson wants to know how much money she would have to deposit in an...
1. Lisa Simpson wants to know how much money she would have to
deposit in an account paying 10% interest annually at age 25 in
order to have a million dollars at age 65?
2. Bart Simpson, age 8, wants to be a millionaire by the time he
is 40 by making annual deposits beginning immediately in an
investment fund paying 12% annually. How large must Bart’s annual
deposit be?
3. Homer Simpson is embezzling money from Burns Electric and...
Starting at the end of this year you plan to make annual deposit the $5000 for the next 10 years followed by deposits of $13,000 for the following 10 years the deposits are in interest of 4.4%
Starting at the end of this year you plan to make annual deposit
the $5000 for the next 10 years followed by deposits of $13,000 for
the following 10 years the deposits are in interest of 4.4%, what
will the account balance be by the end of 34 years round to the
nearest cent?
Problem 1: A. 10 equal annual end-of-the-year payments of $82,500 per year beginning in 20 years...
Problem 1:
A. 10 equal annual end-of-the-year payments of $82,500 per year
beginning in 20 years will be received
B. One lump-sum of $1,000,000 in 30 years will be received
C. One payment of $200,000 in 10 years, a second payment of
$200,000 in 20 years, and a third payment of $200,000 in 30 years
will be received
Question: What is the present value of the policies at a
discount rate of 4 percent?
Please show all work in excel...
Starting at the end of this year, you plan to make annual deposits of $6,000 for...
Starting at the end of this year, you plan to make annual
deposits of $6,000 for 4 years followed by annual deposits of
$10,000 for the following 5 years. The deposits earn interest of
3.5%. What will the account balance be at the end of 13 years?
a) $89,136
b) $92,507
c) $96,003
d) $99,628
e) $103,386
Starting at the end of this year, you plan to make annual deposits of $5,000 for...
Starting at the end of this year, you plan to make annual
deposits of $5,000 for the next 10 years followed by deposits of
$13,000 for the following 10 years. The deposits earn interest of
4.6%. What will the account balance be by the end of 33 years?
Round to the nearest cent
You are interested in buying a house and renting it out. You
expect to receive a monthly net income of $1450 from rent. You then
expect to...
Lisa Simpson, now age 20, wants to retire with $1,500,000 in her Roth IRA. She plans...
Lisa Simpson, now age 20, wants to retire with $1,500,000 in her
Roth IRA. She plans to achieve this goal by depositing $3,000 at
the beginning of each year at an expected annual rate of 8%. How
many deposits must Lisa make in order to reach her goal? Round to
the nearest deposit.
An engineer has been making annual deposits of $5,000 for 10 years into a savings account...
An engineer has been making annual deposits of $5,000 for 10
years into a savings account earning 8% interest. He/she decides to
take a mid-life mini-retirement, and withdraws $5,000 for the next
5 years from the savings account (end of years 11, 12, 13, 14, and
15). At the end of the 5 year retirement they return to the
workforce and deposit $15,000 every year for the next 10 years (end
of years 16,17,....25). What is the Value of the...
John made equal monthly (end-of-the month) deposits into an account for 10 years (total of 120...
John made equal monthly (end-of-the month) deposits into an
account for 10 years (total of 120 deposits). He then made equal
monthly (end-of month) withdrawals (the first withdrawal occurs one
month after the last deposit) of $1,000 for the next 12 years
(total of 144 withdrawals), reducing the balance to zero. The
account pays 8.4 percent per year compounded monthly. What was the
monthly deposit?
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