You are planning to invest $2,000 in an account earning 10% per year for retirement. a....

Question

Question

business finance

Answer 1

Answer #1

(a) nvestment Amount o per annvm nal investment amount3(I)4 S70.36 Lovestment amount - Tene - $ 38382, 69 s le lense rata te ansoa

Answer 2

Similar Homework Help Questions

P 3-30 (similar to Question Help Your grandfather put some money into an account for you...

P 3-30 (similar to Question Help Your grandfather put some money into an account for you on the day you were born. You are now 18 years old and are allowed to withdraw the money. The account currently has $8,512 in it and pays an interest rate of 10% a. How much money would be in the account if you left the money there until your 25th birthday? b. What if you left the money until your 65th birthday? c....
Your grandfather put some money into an account for you on the day you were born....

Your grandfather put some money into an account for you on the day you were born. You are now 18 years old and are allowed to withdraw the money. The acce currently has $9,283 in it and pays an interest rate of 8%. a. How much money would be in the account if you left the money there until your 25th birthday? b. What if you left the money until your 65th birthday? c. How much money did your grandfather...
ed to withdraw the money for the first time. The account current y has $4,037 in...

ed to withdraw the money for the first time. The account current y has $4,037 in it and pays a n 4% interest rate. Your grandfather put some money n an account for you on the day you were bom You are now 18 years old and are alo a. How much money would be in the account if you left the money there until your 25th birthday? b. How much would be in your account if you left the...

14. Your grandfather put some money into an account for you on the day you were...

14. Your grandfather put some money into an account for you on the day you were born. You are now 18 years old and are allowed to withdraw the money. The account currently has $7,527 in it and pays an interest rate of 9%. a. How much money would be in the account if you left the money there until your 25th birthday? b. What if you left the money until your 65th birthday? c. How much money did your...
P 3-30 (similar to) Question Help Your grand ather put some money into an account for...

P 3-30 (similar to) Question Help Your grand ather put some money into an account for you on the day you were born. You are now 18 years old and are a c ed to wit a. How much money would be in the account if you left the money there until your 25th birthday? b. What if you left the money until your 65th birthday? c. How much money did your grandfather originally put into the account? ra the...
An equipment is bought at $100,000 and the depreciation period is assumed to be 4 years....

An equipment is bought at $100,000 and the depreciation period is assumed to be 4 years. The salvage value is estimated to be $20,000. What is the depreciation expense each year using the sum of the year’s digits approach? Show your calculations for full credit. Depreciation Book value Year 1 Year 2 Year 3 Year 4 2.b Your grandfather put some money in an account for you on the day you were born. You are now 18 years old and...

1. A friend asks to borrow $57 from you and in return will pay you $60...

1. A friend asks to borrow $57 from you and in return will pay you $60 in one year. If your bank is offering a 6% interest rate on deposits and loans: (a) How much (in $) would you have in one year if you deposited the $57 instead? (Round your answer to the nearest cent.) (b) How much money (in $) could you borrow today if you pay the bank $60 in one year? (Round your answer to the...
You are planning to invest $1,000 in an account earning 8% per year for retirement. a....

You are planning to invest $1,000 in an account earning 8% per year for retirement. a. If you put the $1,000 in an account at age 23, and withdraw it 44 years later, how much will you have? b. If you wait 10 years before making the deposit, so that it stays in the account for only 34 years, how much will you have at the end?
13. You are planning to invest $7,000 in an account earning 10% per year for retirement....

13. You are planning to invest $7,000 in an account earning 10% per year for retirement. a. If you put the $7,000 in an account at age 23, and withdraw it 34 years later, how much will you have? b. If you wait 10 years before making the deposit, so that it stays in the account for only 24 years, how much will you have at the end?

You are saving for retirement. To live comfortably, you decide you will need to save $1,000,000 by the time you are 65. Today is your 25th birthday, and you decide, starting today and continuing on every birthday up to and including your 65th birthda

You are saving for retirement. To live comfortably, you decide you will need to save $1,000,000 by the time you are 65. Today is your 25th birthday, and you decide, starting today and continuing on every birthday up to and including your 65th birthday, that you will put the same amount into a savings account. If the interest rate is 7%, how much must you set aside each year to make sure that you will have $1,000,000 in the account on your...