Question

What is the amount of 10 times the savings in the same amount, which is equivalent...

What is the amount of 10 times the savings in the same amount, which is equivalent to the amount that can be withdrawn 5 times in the same amount, where the first withdrawal is $ 2,000 at the end of the 11th year, and the next withdrawal is subject to 5% interest per annum from the compound interest year previous

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A savings account pays interest at the rate os 5% per year, compounded semi-annually. The amount...
A savings account pays interest at the rate os 5% per year, compounded semi-annually. The amount that should be deposited now so that R250 can be withdrawn at the end of every six months for the next 10 years is
A sum of $25,000 is deposited into a savings account, which pays 8% interest compounded semiannually....
A sum of $25,000 is deposited into a savings account, which pays 8% interest compounded semiannually. Equal annual withdrawals are to be made from the account, beginning 1 year from now and continuing forever. The maximum amount that can be withdrawn at the end of each year is approximately equal to ____________. A) $2,250 B) $2,000 C) $2,300 D) $2,040
An​ amount, P, must be invested now to allow withdrawals of $1,000 per year for the...
An​ amount, P, must be invested now to allow withdrawals of $1,000 per year for the next 14 years and to permit $350 to be withdrawn starting at the end of year 5and continuing over the remainder of the 14​-year period as the $350 increases by 5​% per year thereafter. That​ is, the withdrawal at EOY six will be ​$367.50,​$385.88at EOY seven​, and so forth for the remaining years. The interest rate is 10​% per year. What is the P...
What amount you can invest now to allow withdrawals of $2050 per year for the next...
What amount you can invest now to allow withdrawals of $2050 per year for the next 15 years and to permit $300 to be withdrawn starting at the end of year 6 and continuing over the remainder of the 15-year period as the $300 increases by 6% per year thereafter. That is, the withdrawal at EOY seven will be $318, $337.08 at EOY eight, and so forth for the remaining years (in addition to the $2050). The interest rate is...
Kabayan plans to save as retirement savings. He went to the bank, where He was offered...
Kabayan plans to save as retirement savings. He went to the bank, where He was offered 2 options, as follows: Option 1: Kabayan saves $ 1,000 at the end of every 4 months for 10 years. After 10 years, Kabayan no longer needs to save money, and only has to deposit his savings at the end of year 10 for the next 15 years Option 2: kabayan does nothing for 10 years, then saves $ 6,000 at the end of...
What single amount, at the end of the fourth year, is equivalent to a uniform annual...
What single amount, at the end of the fourth year, is equivalent to a uniform annual series of $5,000 per year for 10 years, if the interest rate is 8% per year, compounded annually?
What equal amount Q must be deposited at the beginning of each year for the next...
What equal amount Q must be deposited at the beginning of each year for the next 5 years in a savings account 10% interest in order to accumulate 1000 at the end of year 6. The value of Q is? First cost for special equipment = $1000 per every 50 years of its life cycle. If n= infinity and I = 9% then it’s EUAC is most nearly: You obtain 1000 loan from the bank. The amount to repay the...
An​ amount, P, must be invested now to allow withdrawals of ​$900 per year for the...
An​ amount, P, must be invested now to allow withdrawals of ​$900 per year for the next 13 years and to permit ​$250 to be withdrawn starting at the end of year 6 and continuing over the remainder of the 13​-year period as the $250 increases by 5% per year thereafter. That​ is, the withdrawal at EOY seven will be $262.50 ,​$275.63 at EOY eight​, and so forth for the remaining years. The interest rate is 12​% per year. What...
A piece of equipment will save $8000 the first year and the savings will increase by...
A piece of equipment will save $8000 the first year and the savings will increase by 5% per year for the next 10 years. If the interest rate is 10% per year, how much can you spend on the equipment based on the savings?
What single amount, at the end of the fourth year, is equivalent to a uniform annual...
What single amount, at the end of the fourth year, is equivalent to a uniform annual series of $5,000 per year for 10 years, if the interest rate is 8% per year, compounded  annually? * Answer to expert question. This is what was given so not sure on your question about cash flows.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT