Question

An annual deposits of A_{1}=$1,900 in a saving account
is made for 6 years starting years 2. In year 8, a one- time
withdrawal of $3,400 is made. In year 12, a one-time deposit of
$2,200 is made. Then another series of annual deposits of A2 for 7
years started in year 14, increasing by $160 every year. If a
one-time withdrawal of $1,100 was made in year 21 and the present
worth of the whole amounts of deposits and withdrawals is $-17,300.
What is the value of A_{2}? Assume an interest rate of
8%

Answer #1

**Solution:-**

**Given that**

in a saving account made for 6 years starting years 2.

In year 8, withdrawal $ 3400 is made

In year 12, deposit $ 2200 is made.

Then another series of annual deposits of A2 for 7 years started in year 14, increasing by $160 every year.

If a one-time withdrawal of $1,100 was made in year 21 and the present worth of the whole amounts of deposits and withdrawals is $-17,300.

Assume an interest rate of 8%

**Thanks for supporting*****

**Please give positive rating*****

A couple have a 3-year-old child; they decided to make annual
deposits into a savings account to fund his 4-year university
education. With the first deposit being made on his fourth birthday
and the last deposit being made on his 15th birthday. Then,
starting on his 18th birthday, 4 withdrawals are required, starting
at $3000 and increasing at a rate of 11%. If the effective annual
interest rate is 6% during the whole period of time, what are the
annual...

(1)
A couple have a 3-year-old child; they decided to make annual
deposits into a savings account to fund his 4-year university
education. With the first deposit being made on his fourth birthday
and the last deposit being made on his 15th birthday. Then,
starting on his 18th birthday, 4 withdrawals are required, starting
at $4000 and increasing at a rate of 11%. If the effective annual
interest rate is 25% during the whole period of time, what are the...

Suppose that you decide to make annual deposits into your
savings account for a long-term goal of big purchases after getting
a job, with the first deposit being made on year 2023 and the last
deposit being made on year 2032. Then, starting on year 2035, the
withdrawals start with \$2,800 and increment by \$600 until the end
of year 2038. If the effective annual interest rate is 5\% during
this period of time, what are the annual deposits in...

No.1
Beginning one year from now, six annual deposits of $2,000
each
will be made into an account paying 8%.
What will be the balance in the account after the sixth
deposit?
No.2
What amount must be deposited at 10% in an account on January 1,
2019 if it is
desired to make equal annual withdrawals of $5,000 each beginning
on Janaury 1, 2020?
The last withdrawal will occur on January 1, 2023.

deposits are made at the end of the years 1 thought 7
into an account paying 6%. the first deposit equals $5000 and each
deposit will increase by $1000 each year thereafter. after the last
deposit assume no deposits or withdrawals are made.determine the
amount in the account immediately after ten years.

Dave makes 3 deposits of $9000 to his saving account over 8 years.
The first deposit happens at Year 0, the second in 3 years, and the
final deposit 1 year after that. For the first 3 years the
effective yearly rate is 6%. For the 1 year after that, the rate is
11%. For remaining years, the rate is only 9%. How much is at the
end if the 8 years?
Can you please use excel and show formulas.

You plan to start saving money by depositing $500 into a saving
account one year from now. You estimate that the deposits will
increase by $100 per year for 9 years thereafter. What would be the
present worth of the investments if the interest rate is 5% per
year? What would be the equivalent uniform annual series? Also,draw
a properly labeled Cash Flow Diagram for this question.

Suppose that you make a series of annual deposits into a bank
account that pays 8% interest. The initial deposit at the end of
the first year is $1,200. The deposit amounts decline by $200 in
each of the next four years. How much would you have immediately
after the fifth deposit?

Mr. Gonzales has made beginning-of-year deposits into an
investment account for the past 21 years. Each deposit was $5500,
and the account earned interest at a rate of 4.5% APR, compounded
quarterly, each year. Having made his last deposit one year ago, he
now plans to transfer all of the accumulated funds today into a
money-market account that earns an APR of 1.50% compounded
quarterly. If he plans to withdraw $4000 from the account at the
end of each quarter...

Assume you invest money by making three equal deposits of SR
8,000 over three years (starting at the end of year 1, i.e. at n=1)
to a saving account . Furthermore, assume you make withdrawals from
the saving account of SR 2500 at n=1, SR 3000 at n=2 and SR 3500 at
n=3. What will be the net balance of the saving account at the end
of year 4 if your annual earing interest rate is 14% (chose the
closest...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 3 minutes ago

asked 20 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 3 hours ago