How much will be in your account after 5 years

Reference no: EM13674116

Future Value: If you have deposit 10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years?

Present Value: What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 7% annually?

Finding the required interest rate: Your parents will retire in 18 years. They currently have 250,000, and they think they will need 1 million at retirement. What annual interest rate must they earn to each their goal, assuming they don't save any additional funds?

Time for a lump sum to double:
If you deposit money today in an account that pays 6.5% annual interest, how long will it take to double your money?

Time to reach a financial goal: you have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. how many years will it take to each your goal?

Future value:annuity versus annuity due: whats the future value of a 7%, 5- year ordinary annuity that pays $300 each year? If this was an annuity due, what would its future value be?

Present and future values of a cash flow stream?:
An investment will pay $100 at the end of each of the next 3 years, $200 at the end of year 4, $300 at the end of year 5 and $500 at the end of year 6. if other investments of equal risk earn 8% annually, what is its present value? its future value?

Loan amortization and ear

you want to buy a car, and a local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months) and the nominal interest rate will be 12% with interest paid monthly. What will be the monthly loan payment? what will the loan's EAR?

Reference no: EM13674116

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