How much should Brook Atherton put into an account today that earns 7.3 percent per year...

How much should Brook Atherton put into an account today that earns 7.3 percent per year if he wants to be able to withdraw $450 annually for 5 years starting at t=2, then $700 annually for the next 6 years, then $5000 annually for the next 8 years, and then $8500 annually for the next 15 years?

A. $35,106.27

B. $10,705.61

C. $37,669.03

D. $125,172.01

E. $134,309.56

Solutions

Expert Solution

The answer is A)

Calc:-

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

You put $500 per month in the bank today earning 6% per year. How much will...

You put $500 per month in the bank today earning 6% per year. How much will be in the account in 5 years if the interest compounds annually? What if it compounds monthly?

Damian invests $6,000 today in an account earning 6% per year. How much is the investment...

Damian invests $6,000 today in an account earning 6% per year. How much is the investment worth in 5 years? Group of answer choices $8,029.35 $8,312.38 $6,000.00 $7,200.00

How much money should Shelby invest today in a fund that earns interest at 4.02% compounded...

How much money should Shelby invest today in a fund that earns interest at 4.02% compounded quarterly, if she wants to receive $5,750 at the end of every 6 months for the next 4 years? Round to the nearest cent

Q1) Suppose you invest $104,105 today in an account that earns 08.00% interest annually. How much...

Q1) Suppose you invest $104,105 today in an account that earns 08.00% interest annually. How much money will be in your account 10 years from today? Q2) What is the value today, of single payment of $28,298 made 17 years from today, if the value is discounted at a rate of 25.00%? Q3) How many years would it take an investment of $763 to grow to $11,610 at an annual rate of return of 18.00%? Q4) How much money would...

Q1) Suppose you invest $20,958 today in an account that earns 02.00% interest annually. How much...

Q1) Suppose you invest $20,958 today in an account that earns 02.00% interest annually. How much money will be in your account 19 years from today? Q2) What is the value today, of single payment of $6,189 made 12 years from today, if the value is discounted at a rate of 14.00%? Q3) How many years would it take an investment of $264 to grow to $2,845 at an annual rate of return of 08.00%? Q4) How much money would...

Allyson Gomez invests $8,000 today in an investment that earns 6 percent per year (compounded annually)...

Allyson Gomez invests $8,000 today in an investment that earns 6 percent per year (compounded annually) for 25 years. The average inflation rate is expected to be 1.8 percent per year. She will have much more than $8,000 in 25 years BUT what would this future amount be if expressed in today’s dollars? a. $34,335 b. $21,981 c. $52,306 d. $12,496 e. $21,839

a) How many years would you have to put $500 per year into an account that earns 4% annually in order to accumulate $6,000?

a) How many years would you have to put $500 per year into an account that earns 4% annually in order to accumulate $6,000? b) Your friend withdrew $2,078.9 from an account into which she had invested $1,000. If the account paid interest at 5% per year, she kept her money in the account for how many years? c) A machine will need to be replaced 10 years from today for $10,000. How much must be deposited now into...

11. If you put $100 in the bank today, at 8 percent compound interest per year,...

11. If you put $100 in the bank today, at 8 percent compound interest per year, how much interest will you have earned at the end of 5 years? Group of answer choices a. $8 b. $23.47 c. $32.48 d. $46.93

Victor put $5,000 into a bank account 7 years ago. How much should have in the...

Victor put $5,000 into a bank account 7 years ago. How much should have in the account today if the account advertises a 5% APR compounded monthly? (Round to the nearest cent and do not enter the dollar sign)

You deposit today $3100 dollars in an account that pays 4.8 percent per year. For the...

You deposit today $3100 dollars in an account that pays 4.8 percent per year. For the next few years you will keep making deposits 7.1 percent larger than the previous one. What will be the balance on the account after 15 deposits. I feel like I am missing the annuity to solve this problem, but I could be wrong.

Subjects