Question

How much money would you accumulate given uniform annual deposits of $7,000 invested at 10% over...

How much money would you accumulate given uniform annual deposits of $7,000 invested at 10% over 35 years?

Business   Economics   
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
How much money would you accumulate into your pension fund, if you put aside 50 euros...
How much money would you accumulate into your pension fund, if you put aside 50 euros every month for 30 years at 3% interest? How much money you must save every months, if you need to have 5000 euros in 4 years at 2% interest?
1)Nicole wants to accumulate $ 8,000 at the end of 5 years making equal money deposits...
1)Nicole wants to accumulate $ 8,000 at the end of 5 years making equal money deposits at the end of each year for the next 5 years. If Nicole can earn 7% of her investments, how much should she deposit at the end of each year to meet her goal (accumulate $ 8,000)? 2)Mr. Roman wants to determine how long it will take for an initial deposit of $ 10,000 to double. a)If Mr. Román earns 10% annual interest on...
1. How much would $2,000 become in 10 years at 5% interest? 2. How much would...
1. How much would $2,000 become in 10 years at 5% interest? 2. How much would $2,000 deposits each year for 10 years at 5% become in 10 years? 3. How much money would you have to have on deposit today at a 5% annual interest rate to become $50,000 in 40 years? 4. How much money would you have to have on deposit to provide $30,000 each year for 25 years (considering 5% interest)?
Jennifer has $7,000 invested in a money market account that pays 1.5% interest compounded monthly at...
Jennifer has $7,000 invested in a money market account that pays 1.5% interest compounded monthly at the end of each month. She makes deposits at the end of each month of $150 . How much will she have in the account after 3 years?
In order to accumulate enough money for a down payment on a house, a couple deposits...
In order to accumulate enough money for a down payment on a house, a couple deposits $367 per month into an account paying 6% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 7 years? Amount in the account= How much interest earned=
Determine the semi-annual deposits required to accumulate $4,000 four years from today, given an annual interest...
Determine the semi-annual deposits required to accumulate $4,000 four years from today, given an annual interest rate of 12%, compounded semi-annually. (Assume your deposits begin 6 months from now and there are 8 total deposits)
How much invested today will grow in the same amount of money in 25 years that...
How much invested today will grow in the same amount of money in 25 years that $500 invested at the end of each year for the next 25 years will grow into given the annual rate of 6%?
How much money do i need in the bank now to be able to withdraw a...
How much money do i need in the bank now to be able to withdraw a uniform annual amount of 36,000 over 20 years if it is invested at 15%
1) How much money will you accumulate by the end of 30 years if you invest...
1) How much money will you accumulate by the end of 30 years if you invest $200 per month and you start out with $30 000 in the bank? Assume the interest rate your money earns is 8% per year and you start saving next month. a) $55 505 b) $30 000 c) $628 131 d) $626 144 2) How much is the monthly payment on a $250 000 loan for 15 years at 10% interest per year? Assume first...
How much money does Ted need to invest each month in order to accumulate $10,000 over...
How much money does Ted need to invest each month in order to accumulate $10,000 over a five-year period, if he expects to get a return of 5.625% per year?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT