Eight months from today you plan to deposit $20,000 into an account with an APR of...

Eight months from today you plan to deposit $20,000 into an account with an APR of 5.5% per year with quarterly compounding. In addition, eleven months from today, you plan to make the first of a series of semiannual deposits into the same account. Your first deposit will equal $4000 and subsequent deposits will grow by 0.5% each. You will make your final deposit five years and five months from today. How much will be in your account six years from today if you make no withdrawals before then?

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jeff jeffy answered 2 years ago

Eight months from today you plan to deposit $30,000 into an account with an APR of...

Eight months from today you plan to deposit $30,000 into an account with an APR of 4.5% per year with monthly compounding. In addition, ten months from today, you plan to make the first of a series of quarterly deposits into the same account. Your first deposit will equal $2000 and subsequent deposits will grow by 1.5% each. You will make your final deposit four years and one month from today. How much will be in your account five years...

E. You deposit $7,000 in an account in 4 years from today earning 5% APR. After...

E. You deposit $7,000 in an account in 4 years from today earning 5% APR. After 12 years from today, you make another deposit into the same account. Twenty-five years from today, the account balance is $38,952.18. Assuming quarterly compounding, what was the amount of the deposit at the end of year 12? (8 points) F. You bought a house for 200,000. The bank required a 25% down payment and gave you a 30-year mortgage loan for the remainder. Assume...

If you deposit $10,000 in an investment account today, it can double in value to $20,000...

If you deposit $10,000 in an investment account today, it can double in value to $20,000 in just a couple of decades even at a relatively low interest rate (say, 4%).

You plan to make a deposit today to an account that pays 6% compounded annually that...

You plan to make a deposit today to an account that pays 6% compounded annually that will found the following withdrawals with nothing left in the account after the withdrawals, starting at the end of year 4 you plan to make 5 annual withdrawals (withdraw in year 4,5,6,7,8) that will increase by 2% over the previous year's withdrawals. The amount for withdrawals in year 4 will be $2000, what amount do you need to deposit today?

You have won $10,000 today, $20,000 three years from today, and $60,000 eight years from today....

You have won $10,000 today, $20,000 three years from today, and $60,000 eight years from today. As an alternative, you can receive your winnings as a 10-year annuity with the first payment received four years from today. If you require a 6% return on your investment, how much must the annuity pay you each year for you to select that option?

You plan to make two deposits to your bank account - one deposit today for $X...

You plan to make two deposits to your bank account - one deposit today for $X and one deposit in four years for $3X. You would like to withdraw $20,000 from this bank account in 6 years, and another $10,000 in 12 years. You can earn an effective rate of 5% per year. What is $X? You want to have enough money in the bank to pay for your daughter’s education when the time comes. You expect to make 4...

You deposit $1969.55 in an account today. You will deposit $566.09 at the end of each...

You deposit $1969.55 in an account today. You will deposit $566.09 at the end of each month for the next 12 months and $946.03 each month for the following 13 months. How much interest will you have earned in 25 months if the account pays 5% compounded monthly?

You deposit $1437.46 in an account today. You will deposit $547.45 at the end of each...

You deposit $1437.46 in an account today. You will deposit $547.45 at the end of each month for the next 14 months and $990.78 each month for the following 12 months. How much interest will you have earned in 26 months if the account pays 20% compounded monthly?

Suppose you have a savings account earning 4.8% APR. you deposit $50 in the account at...

Suppose you have a savings account earning 4.8% APR. you deposit $50 in the account at the end of each week. What is the balance after 4 years

Assume that two months from today you plan to make the first of a series of...

Assume that two months from today you plan to make the first of a series of quarterly deposits into an account that pays an APR of 6.5% with monthly compounding. Your first deposit will equal $100 and your final deposit will occur two years and five months from today. Each deposit will be 1.5% smaller than the previous one. Three years and seven months from today, you plan to make the first of a series of semiannual withdrawals from an...

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