Stan wants to have $80,000 available in four years. What size quarterly deposits does Stan have...

Stan wants to have $80,000 available in four years. What size quarterly deposits does Stan have to make into an account that pays 12.8% annual interest (APR), compounded quarterly, to accomplish his goal? Assume the first deposit is made in one quarter.

$1,744.52

$4,135.95

$6,466.64

$3,906.64

Holly wants to have $40,000 available in year 2024. Holly plans to make annual deposits into an account paying 12.3% (APR) in years 2019 through 2021. What size annual deposits does Holly need to make to accomplish her goal?

$9,414.55

$8,345.91

$11,819.88

$13,303.65

Expert Solution

The answers are as follows:

jeff jeffy answered 1 year ago

If you need $5,000 in four years from today and you can make quarterly deposits of...

If you need $5,000 in four years from today and you can make quarterly deposits of $370 in your money market account, what is the APR you are looking for? If you need $5,000 in four years from today and you can make quarterly deposits of $370 in your money market account, what is the APR you are looking for? You will make the following investments for a boat: $2,500 today, $3,000 at the end of year three, and $1800...

Equal – quarterly deposits of P 2,000 for 2 years which starts immediately is made at...

Equal – quarterly deposits of P 2,000 for 2 years which starts immediately is made at a savings account that earns 4% compounded quarterly. What is the amount in the account when the last deposit is made? What is the amount in the account at the end of the last quarter?

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

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?

ABC wants to have $20,000 in a savings account four years from now. What amount must...

ABC wants to have $20,000 in a savings account four years from now. What amount must ABC deposit into an account today if the account will earn 10% interest, and interest is compounded semiannually? Present Value of $1 Periods 5% 6% 8% 10% 4 0.823 0.792 0.735 0.683 5 0.784 0.747 0.681 0.621 6 0.746 0.705 0.630 0.564 7 0.711 0.665 0.583 0.513 8 0.677 0.627 0.540 0.467 9 0.645 0.592 0.500 0.424 10 0.614 0.558 0.463 0.386 Present Value...

What is the present value of a series of 41 quarterly deposits (starting at quarter 1)...

What is the present value of a series of 41 quarterly deposits (starting at quarter 1) when the first deposit is $500 and the deposits increase by $31 each quarter starting with the second quarter? The nominal annual interest rate is 10% and is compounded weekly.

You have set up an investment that pays 5% compounded quarterly but requires deposits of $1,000...

You have set up an investment that pays 5% compounded quarterly but requires deposits of $1,000 at the beginning of each quarter period for 4 years. How much will you have in the account in 4 years? The account will be worth $ in 4 years? (Round to 2 decimal places.)

How does an increase in the currency-to-deposits ratio affect the size of the money multiplier? How...

How does an increase in the currency-to-deposits ratio affect the size of the money multiplier? How does an increase in the reserve-deposit ratio (rr) affect the size of the money multiplier?

The quarterly sales of the TRK-50 mountain bike for the previous four years by a bicycle...

The quarterly sales of the TRK-50 mountain bike for the previous four years by a bicycle shop in Switzerland are presented in the table: Year Quarter Q = Sales 2010 1 10 2 31 3 43 4 16 2011 1 11 2 33 3 45 4 17 2012 1 13 2 34 3 48 4 19 2013 1 15 2 37 3 51 4 21 PLEASE USE EXCEL AND SHOW ALL WORK. Plot the sales against time. Use the data...

What are the four methods of forecasting available?

Question