Question
In: Finance
You deposit $4.1 thousand at the end of every six months for the next 4 years...
You deposit $4.1 thousand at the end of every six months for the
next 4 years into an IRA account that earns 4.3% annually
(compounded semiannually). How much will you have on the account
after making the last deposit?
Solutions
Expert Solution
How much will you have on the account after making the last deposit
=(4.1*1000)*(((1+(4.3%/2))^(4*2)-1)/(4.3%/2))
=35377.23
jeff jeffy answered 2 years agoRelated Solutions
You deposit $6.8 thousand at the end of every six months for the next 7 years...
You deposit $6.8 thousand at the end of every six months for the
next 7 years into an IRA account that earns 7.4% annually
(compounded semiannually). How much will you have on the account
after making the last deposit? Express the answer in $ thousands,
round to the nearest $0.1 thousand. E.g., if your answer is
$42,576, record it as 42.6.
Suppose you make deposits of $410 at the end of every three months for six years...
Suppose you make deposits of $410 at the end of
every three months for six years into an account earning 2.09%2.09%
compounded quarterly. After these six years you
leave the money in the account, without making additional deposits
for another thirteen years invested at the
same interest rate of 2.09%2.09% compounded
quarterly.
How much will you have in the account after the first six
years? (Round to the nearest cent.)
N = I/Y = % P/Y = C/Y =
PV = $...
If you deposit $5,000 at the end of each of the next 20 years into an...
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...
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...
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?
Suppose you deposit $20,000 at the end of each of the next 30 years into a...
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...
16. If you deposit $1000 at the end of each of the next 10 years, how...
16. If you deposit $1000 at the end of each of the next 10
years, how much will you have in 20 years if you earn 10% APR
compounded annually?A. $41,338B. $40,187C. $42,492D. $43,937E.
$42,531
Show Process Please
ABC is expected to pay a dividend of $1.25 every six months for the next four...
ABC is expected to pay a dividend of $1.25 every six months for
the next four years. The current share price is $25.76 and the
relevant discount rate is 14% (compounded semi-annually). What do
you expect the share price at the end of year 4 to be?
a. $28.82
b. $26.74
c. $31.44
d. $25.12
Please don't use the PVA formula.
ABC is expected to pay a dividend of $1.25 every six months for the next four...
ABC is expected to pay a dividend of $1.25 every six months for
the next four years. the current share price is $25.76 and the
relevant discount rate is 14% compounded semiannually. what do you
expect the share price at the end of year 4 be?
A 9.5% coupon rate bond (that pays interest every six months), with 4 years until maturity...
A 9.5% coupon rate bond (that pays interest every six months),
with 4 years until maturity is selling at $950. An investor with a
10 required rate of return ask your advice. What is your advice
regarding the purchase of the bond?
Select one:
A. don't purchase the bond because the bond is overvalued by
$34.15
B. purchase the bond because the bond is undervalued by
$34.15
C. don't purchase because the bond is overvalued
D. purchase the bond because...
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