You plan to invest $1,400 at the end of year 1, $2,300 at the end of...

You plan to invest $1,400 at the end of year 1, $2,300 at the end of year 2, and $3,700 at the end of year 3. If you can earn 4.00 %, compounded annually, how much you will have in your account by the end of the 3rd year. (Round your answer to the nearest hundredth; two decimal places)

Expert Solution

jeff jeffy answered 2 years ago

You deposit $1,400 at the end of each year into an account paying 9.6 percent interest....

You deposit $1,400 at the end of each year into an account paying 9.6 percent interest. Required: (a) How much money will you have in the account in 21 years? (b) How much will you have if you make deposits for 42 years? Required: (a) How much money will you have in the account in 21 years? (Click to select)85,388.68, 75,777.74, 34,890.73, 29,400.00, 96,359.47 (b) How much will you have if you make deposits for 42 years? click to select)...

question 1 "You invest $4,600 now and receive $2,000 at the end of year 1, $1,800...

question 1 "You invest $4,600 now and receive $2,000 at the end of year 1, $1,800 at the end of year 2, $1,600 at the end of year 3, and so on. In what year do you break even on your investment? Use the discounted payback approach and assume an annual interest rate of 4.2%, compounded annually. Enter your answer as an integer."

You are considering a project with cash flows of $1,200, $2,800, $2,300, $1,600, at the end...

You are considering a project with cash flows of $1,200, $2,800, $2,300, $1,600, at the end of each year for the next four years. What is the present value of these cash flows , given a discount rate of 15% ? (Round answers to two decimals with any characters such as $, or , for example: 1234.56 )

1.You are considering an investment that will pay you $1,200 in one year, $1,400 in two...

1.You are considering an investment that will pay you $1,200 in one year, $1,400 in two years, and $1,600 in three years, $1,800 in four years, and $11,000 in five years. All payments will be received at the end of the year. • Your opportunity cost of capital (r ) is 10.5% • Using the present value formula calculate the present value of each of the cash flows by 1. Discounting cash flows using annual compounding 2. Discounting cash flows...

Suppose that you invest $5,000 in a mutual fund at the end ofeach year for...

Suppose that you invest $5,000 in a mutual fund at the end of each year for the next 30 years. This period of time is your planned holding period. You intend to leave these contributions and any fund distributions earned in the account until the end of your holding period. Your forecast rate of return on this mutual fund is 9% per year, compounded annually.What is the forecast value of your account at the end of your holding period?Round your...

You plan to save $1,400 for the next four years, beginning now, to pay for a...

You plan to save $1,400 for the next four years, beginning now, to pay for a vacation. If you can invest it at 6 percent, how much will you have at the end of four years? (Round to the nearest dollar.)

A 13-year annuity pays $1,400 per month, and payments are made at the end of each...

A 13-year annuity pays $1,400 per month, and payments are made at the end of each month. The interest rate is 12 percent compounded monthly for the first Five years and 11 percent compounded monthly thereafter. Required: What is the present value of the annuity? A) $1,343,944.86 B) $109,755.50 C) $111,995.40 D) $152,061.20 E) $114,235.31

A 12-year annuity pays $1,400 per month, and payments are made at the end of each...

A 12-year annuity pays $1,400 per month, and payments are made at the end of each month. The interest rate is 11 percent compounded monthly for the first six years and 10 percent compounded monthly thereafter. What is the present value of the annuity?

Gerry pays $W to buy a ten-year annuity with end-of-year payments of $1,400. This purchase price...

Gerry pays $W to buy a ten-year annuity with end-of-year payments of $1,400. This purchase price allows her to replace her capital by means of a savings account that has an annual effective interest rate of 3% and also to earn an overall annual yield of 6% for the ten years of the annuity. Find W.? The answer is 9508.9. Please show steps to the answer without use of excel.

you plan to invest $10,000 on the last day of every year for the next five...

you plan to invest $10,000 on the last day of every year for the next five years, if the interest rate on the investment is 6 percent, the present value of your investment is...

Question