Question

How much money would you have to deposit today in order to have $5,000 in four...

How much money would you have to deposit today in order to have $5,000 in four years if the discount rate is 7 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Amount of deposit

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
How much would you have to invest today to receive the following? a. $15,500 in 12...
How much would you have to invest today to receive the following? a. $15,500 in 12 years at 11 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. $20,000 in 19 years at 7 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c. $8,100 each year for 18 years at 15 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) d. $56,000 each...
You can save $2,000 per year for the next four years in an account earning 8...
You can save $2,000 per year for the next four years in an account earning 8 percent per year. How much will you have at the end of the fourth year if you make the first deposit today? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Future Value:
If you invest $17,500 today, how much will you have in each of the following instances?...
If you invest $17,500 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. In 7 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)    b. In 18 years at 7 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)    c. In 25...
a. How much would you have to deposit today if you wanted to have $42,000 in...
a. How much would you have to deposit today if you wanted to have $42,000 in three years? Annual interest rate is 10%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.)    b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 6% on your investments, how...
Calculate the present value of $5,000 received four years from today if your investments pay (Do...
Calculate the present value of $5,000 received four years from today if your investments pay (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))            Present Value a. 7 percent compounded annually $ b. 9 percent compounded annually $ c. 11 percent compounded annually $ d. 11 percent compounded semiannually $ e. 11 percent compounded quarterly $
How much would you have to deposit today if you want to have $1,000 in five...
How much would you have to deposit today if you want to have $1,000 in five years and the annual interest rate is 5%? You plan to buy a house today for $220,000. If the real estate in your area is expected to increase in value by 2% each year, what will be the approximate value of your house in 7 years? How much would you have to deposit today to be able to withdraw $500 each year for the...
How much would you have to invest today to receive the following? Use Appendix B or...
How much would you have to invest today to receive the following? Use Appendix B or Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. $13,000 in 8 years at 12 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. $16,500 in 15 years at 9 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c. $6,700 each year...
You deposit $11,000 annually into a life insurance fund for the next 13 years, after which...
You deposit $11,000 annually into a life insurance fund for the next 13 years, after which time you plan to retire. a. If the deposits are made at the beginning of the year and earn an interest rate of 6 percent, what will be the amount in the retirement fund at the end of year 13? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))   Future value $ b. Instead of a lump sum, you...
You deposit $10,000 annually into a life insurance fund for the next 10 years, after which...
You deposit $10,000 annually into a life insurance fund for the next 10 years, after which time you plan to retire. a. If the deposits are made at the beginning of the year and earn an interest rate of 6 percent, what will be the amount in the retirement fund at the end of year 10? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))   Future value $    b. Instead of a lump sum, you...
You deposit $10,000 annually into a life insurance fund for the next 10 years, after which...
You deposit $10,000 annually into a life insurance fund for the next 10 years, after which time you plan to retire. a. If the deposits are made at the beginning of the year and earn an interest rate of 6 percent, what will be the amount in the retirement fund at the end of year 10? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))   Future value $    b. Instead of a lump sum, you...