Homework #4 InvestmentsQuestion 1 of 10View PoliciesCurrent Attempt in Progress-/10 ==You need to accumulate $92000 for your child's college education 19 years from now. How much do you need to save each year if youcan earn 4 percent after taxes on your investment, assuming that you will make annual end-of-year payments into the account?O $2461.28$3324.75O $3012.54O $2725.12eTextbook and MediaSave for LaterGONAAttempts: 0 of 2 used Submit Answer

Given information: Required amount or future value of ordinary annuity (FV) = $92000 Number of years…

Answered: Homework #4 Investments Question 1 of…

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter13: Investment Fundamentals

Section: Chapter Questions

Problem 1DTM

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Question 8 of 11 > -/ 1 View Policies Current Attempt in Progress Kimberly and Matthew want to begin saving for their baby's college education. They estimate that they will need $139000 in eighteen years. If they are able to earn 3% per annum, how much must be deposited at the end of each of the next eighteen years to fund the education? O $6387. O $5937. O $9704. O $10107. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer I!!
Multiple Choice Assume you are investing $100 today in a savings account. Which one of the following terms refers to the total value of this investment one year from now? о O O Future value Present value Principal amount Discounted value Invested principal 5 Saved Help Save & Exit 8 Submit
MC algo 5-17 Calculating Present Values You want to have $77,000 in 18 years to help your child attend college. If you can earn an annual interest rate of 3.3 percent, how much will you have to deposit today? Multiple Choice $42,922.49 O $37,357.48 $41,551.30 $39,349.42 $24716 07
Problem 06.027 AW of a Permanent Investment How much must you deposit each year into your retirement account starting now and continuing through year 12 If you want to be able to withdraw $75,000 per year forever, beginning 34 years from now? Assume the account earns Interest at 9% per year. The amount to be deposited is determined to be $ 5242.86
V A ALEKS-Harley Biltoc - Learn O Exponential and Logarithmic Functions Finding the present value of an investment earning compound interest www-awu.aleks.com $ myPascoConnect Ć 0/5 Portal Harley Lena is going to invest to help with a down payment on a home. How much would she have to invest to have $46,900 after 9 years, assuming an interest rate of 1.65% compounded annually? Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas.
Set 2, Part 3 Questin Problem 1 How much will you hav saved after 6 years by Contributing $120.00 at the end of each year it you expect to earn 100 on the investment A
QUESTION 43 A student wants save for college which begins in five years. How much will the student save assuming equal deposits of $2,500 at the beginning of each year and 4% interest? Following are appropriate factors from tables: Table % / n Present Value of annuity due $1 Present Value of ordinary annuity of $1 Future value of annuity due $1 Future Value of ordinary annuity of $1 4%/5 4.62990 4.45182 5.63298 5.41632 $11,574.75 $13,540.80 $14,082.45 $11,129.55
QUESTION 4 Jamal wants to invest $4,300 in an account with an interest rate of 7.2% that is compounded CONTINUOUSLY. Which of the following choices will correctly calculate the amount of money in Jamal's account after 9 years? A. 7.2) 12x9 Amount = 4300 1+ 12 O B. Amount = 0.072x9xe4300 O C. Amount = 4300e0.072 × 9 12 x 9 D. 0.072 Amount = 4300 1+ 12 7.2 x 9 O E. Amount = 4300e O F. Amount = 4300x 7.2xe9
QUESTION 5 Jennifer establishes an investment account to pay for college expenses for her daughter. She plans to invest X at the beginning of each month for the next 20 yeors. Beginning at the end of the 17th year, she will withdraw 66,000 annually. The final withdrawal at the end of the 20th year will exhaust the account. She anticipates earning an annual effective yield of 14% on the investment. Calculate X O 276,80 O 307.70 O 317.60 O 346.20 O 349.10
esc A ALEKS-Harley Biltoc - Learn O Exponential and Logarithmic Functions Finding the present value of an investment earning compound interest $ Explanation Check 50 F1 * To help with a down payment on a home, Rita is going to invest. Assuming an interest rate of 1.67% compounded daily, how much would she have to invest to have $23,400 after 8 years? F2 A Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas. Assume there are 365 days in each year. 80 F3 X 9 F4 www-awu.aleks.com $ myPascoConnect F5 MacBook Air F6 Ć F7 DII F8 2/5 DD F9 Portal F10 © 2023 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility Harley V 4 F11 Español & T ? A₁ 4) F12
QUESTION 20 Which is more valuable, receiving $775 today or receiving $885 in 2.5 years if interest rates are 7.25 percent? O a. Need more information to make a determination O b. Receiving $775 today OC. They are worth the same amount O d. Receiving $885 2.5 years
QUESTION 9 Norbert Chapa is saving for retirement by putting away $6,090.00 every day for 6 years. How much is this investment worth at the end of 6 years if payments begin today" Assume an interest rate of 1.00%. Oa. $35,295.42 b. $12,945,053.24 Oc. $13,745,519.33 O d. $37,466.80

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