Arthur is deciding to make end-of-year deposits of P1,200 per year. What rate of return would enable him to have P10,000 at the end of 5 years? (2 decimal places)
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- You want to save (deposit) $ 5,232 per year, starting next year, to make a down payment of $75,752 on a vacation home. If you can earn 3.03 percent on your investment, for how many years will you have to make deposits? Answer to 4 decimals.You plan to deposit $6,000 at the end of each of the next 25 years into an account paying 10.3 percent interest. How much will you have in your account if you make deposits for 25 years? (Do not round Intermedlate calculations and round your answer to 2 declmal places, e.g., 32.16.) b. How much will you have if you make deposits for 50 years? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. a. Future value of 25 deposits b. Future value of 50 deposits K Prev 4 of 30 Next > EA9F9D41-D35...jpeg 8A1B4474-4751...jpeg 8A1B4474-4751...jpeg pegWhat is your annual rate of return if you deposit $2,700 today and withdraw $3,500 in a lump sum in 8 years?
- Suppose that a man lends $1600 for 4.3 years at 12% per year simple interest. At the end of the 4.3 years, he invests the entire amount which he then has for 10 years at 6% interest per year, compounded annually. How much money will he have at the end of the 14.3-year period? Express your answer in whole number.X-person has committed to a payment that needs to pay BD 80,000 every year at the end of each next eleven years. What will be the future amount of Ahmed if it were to instead settle the claim immediately with a single payment, with an interest rate of 6%?solve the problem showing cash flow, and final answer using a suitable formula.Jack would like to have RM 500,000 in his bank account in exactly 20 years to fund his retirement in Sabah. He opens an account today with a deposit of RM Y and each subsequent annual deposit will increase by 5%. Jack plans to make a total of 20 annual deposits. The annual effective interest rate is 6%. Determine Y.
- Lester hopes to earn $1100 in interest in 2.2 years time from $22, 000 that he has available to invest. To decide if it's feasible to do this by investing in an account that compounds semi - annually, he needs to determine the annual interest rate such an account would have to offer for him to meet his goal. What would the annual rate of interest have to be? Round to two decimal places.To supplement your planned retirement, you estimate that you need to accumulate R 220, 000 in 42 years. You plan to make equal annual end of year deposits into an account paying 8% annual interest. a. How large must the annual deposit be to create the R 220,000 fund in 42 years? b. If you can afford to deposit only R600 per year into the account, how much will you have accumulated by the end of the forty-second year?You believe you will spend $48,000 a year for 12 years once you retire in 24 years. If the interest rate is 5% per year, how much must you save each year until retirement to meet your retirement goal? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
- Suppose James will have $25,000.00 for a down payment on a house in 6 years. How much would he have to invest today (present value) if his investment earns a nominal rate of 5 ¼ % compounded monthly? b. How much interest did James’s account earn during the 6 years?Tom plans to save $92 a month, starting today, for 18 years. Dick plans to save $92 a month for 18 years, starting one month from today. Both Tom and Dick expect to earn an average return of 5.4 percent APR on their savings and both will make the same number of deposits. At the end of the 18 years, how much more (in $) will Tom have than Dick? Answer to two decimals.Suppose that you expect to receive an inheritance of £10,000 in one year. You will want to put this money then on a one-year deposit. Suppose further that, as of today, you are entering into a forward rate agreement to receive 4% on £10,000 for a one-year starting in one year. What is your gain/loss when the realised one-year forward rate in one year is higher than 4%? Provide a relevant example and explain your reasoning.