if you deposit 1200 at the end of each year of the first 8
years and...
if you deposit 1200 at the end of each year of the first 8
years and 1800 at the end of each year for the second 8 years. find
the fund value at the end of 16 year, if the fund earn.
it's 8%
Solutions
Expert Solution
For each Deposit Future Value = Deposit * (1 +
Interest)^Years
If you deposit $15,000 per year for 9 years (each deposit is
made at the end of each year) in an account that pays an annual
interest rate of 9%, what will your account be worth at the end of
9 years?
Please show details and related formulas, I will give thumbs up
ASAP once I check the answer.
At the end of each year for ten years you deposit $750 in an
account that earns an annual rate of return of 12%. What is the
present value of these deposits?
You deposit $4,000 in the bank at the end of each year
for 30 years. If the bank pays interest of 5.25% per annum, what
amount will you have accumulated if interest is
compounded:
a. Annually
b. Semi-Annually
c. Quarterly
d. Monthly
e. Daily
Please show all your work and explain your
answers.
If you deposit $5,000 at the end of each of the next 20 years
into an account paying 10.8 percent interest, how much money will
you have in the account in 20 years? How much will you have if you
make deposits for 40 years? Show Work.
If you deposit $9127 at the end of each of the next 28 years
into an account paying 7.6 percent interest, how much money will
you have in the account in 28 years? (Round time value factors to 6
decimal places and final answer to the nearest dollar amount. Omit
the "$" sign and commas in your response. For example, $123,456
should be entered as 123456.)
If you deposit $5,900 at the end of each of the next 20 years
into an account paying 10.8 percent interest, how much money will
you have in the account in 20 years?
You will deposit $80 at the end of each month for 15 years into
an account with annual interest rate 3% compounded monthly, and
then withdraw equal amounts at the end of each month for the
following 25 years, ending with a zero balance. What will your
monthly withdrawals be?
Suppose you deposit $20,000 at the end of each of the next 30
years into a retirement account. Immediately after your last
deposit, you take the entire accumulated value in your account and
purchase a 20-year annuity, which will pay you X at the beginning
of each year for 20 years. The price of this 20-year annuity is
equal to the present value (at the time of purchase) of the 20
annual cash flows. The effective annual interest rate through...
If you make a deposit of the amount below at the end of each
year for the number of years at the interest rate specified, how
much money will you have in the account at the end of that time?(Do
not round intermediate calculations, round answer to two decimal
places, i.e. 32.16)
Payment:9000
Years:23 Interest
Rate:9.2%
If you deposit $2,000 at the end of each year into an IRA
account that is expected to earn 8% per year simple interest, how
much will be in the account in 30 years? (Answer to the nearest
dollar)