Question

8. You want to withdraw $ 24,728 from your account at the end of
one year and $ 55,664 at the end of the second year. How much
should you deposit in your account today so that you can make these
withdrawals? Your account pays 11 percent p.a. **(Record your
answer without a dollar sign, without commas and round your answer
to 2 decimal places; that is, record $3,245.847 as
3245.85).**

10. You deposit $ 61,680 in your account today. You make another
deposit at t = 1 of $ 78,773 . How much will there be in your
account at the end of year 2 if the interest rate is 13 percent
p.a.? **(Record your answer without a dollar sign, without
commas and round your answer to 2 decimal places; that is, record
$3,245.847 as 3245.85).**

Answer #1

1, Your parents deposit $10,000 into your bank account and allow
you to withdraw $500 every month for living expenses in 2 years to
support your MBA education. What annual interest
rate does the bank pay so that you will withdraw
everything in 2 years? Please round your answer to the fourth
decimal. For example, if your answer is 1%, you should input
0.0100.
2, A preferred stock pays an annual dividend of $1.01 per share
forever. The appropriate interest...

You have $100,000 in a saving account earning 7.4 percent per
year. You now want to make 6 equal yearly withdrawals depleting the
saving account. How much are your withdrawals?
Answer to the nearest cent, xxx.xx and enter without the dollar
sign.

Derek currently has $11,305.00 in an account that pays 4.00%. He
will withdraw $5,156.00 every other year beginning next year until
he has taken 6.00 withdrawals. He will deposit $11305.0 every other
year beginning two years from today until he has made 6.0 deposits.
How much will be in the account 30.00 years from today? round
answer 2 decimal places

You will need to withdraw the following amounts of money in the
next several years:
Beginning of year 1 (or today): $6,000
Beginning of years 2~4: $10,000
Beginning of the following year: $13,000
These amounts of money will be withdrawn from your checking
account that pays you a 4.6% interest rate every year. How much
should your parents deposit into your account today, so that it's
just enough for you to make the required money withdrawals?
(Increase decimal places for...

1. Derek currently has $11,028.00 in an account that pays 6.00%.
He will withdraw $5,835.00 every other year beginning next year
until he has taken 7.00 withdrawals. He will deposit $11028.0 every
other year beginning two years from today until he has made 7.0
deposits. How much will be in the account 26.00 years from
today?
Answer format: Currency: Round to: 2
decimal places.
2. Derek can deposit $293.00 per month for the next 10 years
into an account at...

Derek currently has $13,772.00 in an account that pays 6.00%. He
will withdraw $5,561.00 every other year beginning next year until
he has taken 6.00 withdrawals. He will deposit $13772.0 every other
year beginning two years from today until he has made 6.0 deposits.
How much will be in the account 27.00 years from today? Answer
format: Round to 2 decimal places

You want to buy a condo 5 years from now, and you plan to save
$1,500 per year, beginning one year from today. You will deposit
the money in an account that pays 4% interest. How much will you
have just after you make the 5th deposit, 5 years from now? (Round
final answer to 2 decimal places. Omit the "$" sign in your
response.)
Your sister turned 45 today, and she is planning to save $4800
per year for...

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:

Starting one month from now, you need to withdraw
$230230
per month from your bank account to help cover the costs of your
university education. You will continue the monthly withdrawals for
the next four years. If the account pays
0.40.4%
interest per month, how much money must you have in your bank
account today to support your future needs?
How much money must you have in your bank account today to
support your future needs?
$nothing
(Round to the...

Derek currently has $11,714.00 in an account that pays 5.00%. He
will withdraw $5,458.00 every other year beginning next year until
he has taken 4.00 withdrawals. He will deposit $11714.0 every other
year beginning two years from today until he has made 4.0 deposits.
How much will be in the account 22.00 years from today?
Answer format: Currency: Round to: 2
decimal places.
Derek can deposit $294.00 per month for the next 10 years into
an account at Bank A....

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