Question

You plan to deposit $3,000 today, $3,000 in one year and $3,000 in two years into an account earning 3.7% interest. What will the account balance be in 4 years? Round to the nearest cent.

Answer #1

Future Value = Sum [ Dep * FVF(r%, n) ]

r = Int rate per anum

n = No. of Balance Years

Year |
Bal Yrs |
Cash Flow |
FVF @3.7% |
FV of CF |

0 | 4 | $ 3,000.00 | 1.1564 | $ 3,469.26 |

1 | 3 | $ 3,000.00 | 1.1152 | $ 3,345.47 |

2 | 2 | $ 3,000.00 | 1.0754 | $ 3,226.11 |

3 | 1 | $ - | 1.0370 | $ - |

4 | 0 | $ - | 1.0000 | $ - |

FV of CFs |
$
10,040.84 |

**Balance in account after 4 Years is $
10040.84**

you
plan to deposit $2000 today $4000 in one year and $2000 in two
years into an account earning 5.4% interest what will the account
balance be in four years round to the nearest cent

Quantitative Problem 1: You plan to deposit
$2,300 per year for 4 years into a money market account with an
annual return of 2%. You plan to make your first deposit one year
from today.
What amount will be in your account at the end of 4 years? Do
not round intermediate calculations. Round your answer to the
nearest cent.
$
Assume that your deposits will begin today. What amount will be
in your account after 4 years? Do not...

You plan to deposit $2,500 per year for 4 years into a money
market account with an annual return of 2%. You plan to make your
first deposit one year from today. Do not round intermediate
calculations. Round your answers to the nearest cent.
What amount will be in your account at the end of 4 years? $
Assume that your deposits will begin today. What amount will be in
your account after 4 years? $
You and your wife...

A) You plan to deposit $2,000 per year for 6 years into a money
market account with an annual return of 3%. You plan to make your
first deposit one year from today.
What amount will be in your account at the end of 6 years?
Round your answer to the nearest cent. Do not round intermediate
calculations.
$
Assume that your deposits will begin today. What amount will be
in your account after 6 years? Round your answer to...

Quantitative Problem 1: You plan to deposit
$1,700 per year for 5 years into a money market account with an
annual return of 2%. You plan to make your first deposit one year
from today.
What amount will be in your account at the end of 5 years?
Round your answer to the nearest cent. Do not round intermediate
calculations.
$
Assume that your deposits will begin today. What amount will be
in your account after 5 years? Round your...

Suppose you deposited $4,000 in a savings account earning 2.0%
interest compounding daily. How long will it take for the balance
to grow to $11,000? Answer in years rounded to two decimal places.
(e.g., 2.4315 years --> 2.43)
If the applicable discount rate is 5.0%, what is the present
value of the following stream of cash flows? Round to the nearest
cent.
Cash Flow Year 1: $1,000
Cash Flow Year 2: $5,000
Cash Flow Year 3: $6,000
You plan to...

If you deposit $1000 in one year, $2000 in two years and $3000
in three years, $4000 in four years, $5000 in five years. How much
will you have in five years at 9 percent interest?
How much in 10 years if you add nothing to the account after the
fifth year?
a) Suppose you invest $2500 in a mutual fund today and $5000 in
one year. If the fund pays 9% annually, how much
will you have in two...

Six years from today you need $10,000. You plan to deposit
$1,400 annually, with the first payment to be made a year from
today, in an account that pays a 9% effective annual rate. Your
last deposit, which will occur at the end of Year 6, will be for
less than $1,400 if less is needed to reach $10,000. How large will
your last payment be? Do not round intermediate calculations. Round
your answer to the nearest cent.
$ =

Six years from today you need $10,000. You plan to deposit
$1,400 annually, with the first payment to be made a year from
today, in an account that pays a 10% effective annual rate. Your
last deposit, which will occur at the end of Year 6, will be for
less than $1,400 if less is needed to reach $10,000. How large will
your last payment be? Do not round intermediate calculations. Round
your answer to the nearest cent.

1. Suppose you deposit $130 into a bank today, earning 2.5%
interest. How much would you have after one year?
2. You expect to have $1,000 in one year. A bank is offering
loans at 7.0 % interest per year. How much can you borrow today if
you plan to use this money to repay the loan? Round to the nearest
whole cent.

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 6 minutes ago

asked 13 minutes ago

asked 33 minutes ago

asked 42 minutes ago

asked 43 minutes ago

asked 55 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