Mathematics, 12.07.2019 07:10, love123jones

Danielle plans on making monthly payments into an account that earns 2.5% compounded monthly. if she wants $10,000 in 22 years, what do her payments need to be?

Answers: 3

Show answers

Similar questions

Mathematics, 09.07.2019 02:30, sjackson0625p8w1a0

You plan on making a $235.15 monthly deposit into an account that pays 3.2% interest, compounded monthly, for 20 years. at the end of this period, you plan on withdrawing regular monthly payments. determine the amount that you can withdraw each month for 10 years, if you plan on not having anything in the account at the end of the 10 year period and no future deposits are made to the account.a.$769.27b.$767.23c.$78,910.41d.$79,120.84

Answers: 1

continue

Mathematics, 18.07.2019 11:30, amypeace1978

1. michael invests $2000 in an annuity that offers an interest rate of 4% compounded quarterly for 5 years. what is the value of michael's investment after 5 years? $2102.02 $4382.25 $2440.38 $2433.31 2. suppose you invest $50 a month in an annuity that earns 48% apr compounded monthly. how much money will you have in this account after 2 years? $1536.19 $751.29 $1954.13 $2001.29 3. danielle invests $50 a month in an annuity that earns 4% apr and is compounded monthly. what is the future value of danielle's account in 3 years? $1843.29 $2153.85 $1909.06 $2082.39 4. suppose you invest $10,000 at the age of 40, and agree to start receiving payments at the age of 50. at age 48, you decide you want to withdraw $2500 from your account. what is the irs fee you will have to pay? remember, the irs charges 10% if you withdraw before you are 59. 5. show your work to get full credit! 5. suppose you invest $20,000 at the age of 40, and agree to start receiving payments at the age of 50. at age 47, you decide you want to withdraw $7500 from your account. the insurance company charges you 50% of the withdrawal. what is the surrender charge? (show all work to get full credit! )

Answers: 1

continue

Mathematics, 19.07.2019 20:10, vicky10445

3. at the end of every three months, sheila invested $375 into an account earning interest at 3% compounded monthly. what is the accumulated value in the account after eight years? 4. toby has opened an rrsp account by making an initial deposit of $1,200. she intends to make quarterly deposits for 20 years, increasing at a constant rate of 1.5%. how much of the accumulated value just after the last deposit was made if interest is 7% compounded quarterly? 5. what is the future value of monthly payments of $50 each for four years and two months at 4.62% compounded monthly if the payments form an annuity due? 6. arnie will receive payments of $850 at the beginning of every month from a trust account starting on his 30th birthday and continuing for 20 years. interest is 5.04% compounded monthly. what is the balance in the trust account on arnie's 50th birthday? a debt of $40,000 is to be repaid in installments due at the end of each month for seven years. if the payments are deferred for three years and interest is 7% compounded quarterly, what is the size of the monthly payments? 7. western railway leases land owned by the city of regina, paying $11,000 at the begi each year. for what amount should western offer to buy the land if interest is 65% compounded annually? flexlabs borrowed funds to purchase a new blood analysis machine by signing a loan contract requiring payments of $1,630 at the end of every three months for six years. how much is the cash value of the contract if month is worth 8.1% compounded quarterly? ronita contributed $450 at the beginning of every three months to an rrsp. interest on th 8. 9. torh what will the balance in the account be after seven

Answers: 1

continue

Business, 10.10.2019 23:00, teddylove2643

Answers: 3

continue

Do you know the correct answer?

Danielle plans on making monthly payments into an account that earns 2.5% compounded monthly. if she...

Questions in other subjects:

Biology, 29.10.2019 03:31

What is the frequency of a wave that has a wave speed of 120 m/s and a wavelength of 0.40 m...

Geography, 29.10.2019 03:31

Given arc cd is a semicircle, classify arc ed....

Mathematics, 29.10.2019 03:31

And then what is the answer in slope intercept form?...

Mathematics, 29.10.2019 03:31

Ineed asap you maria owes $50,000 in interest free college loans. if she pays back the loan at a rate of 1.7% of the balance per month, how much will she still owe a...

Mathematics, 29.10.2019 03:31

Me with math exponents. i will attach a picture only do the i want to try to do the odds my self

Mathematics, 29.10.2019 03:31

Your friend's final bowling score is 105. your final bowling score is 14 pins less than your friends final score. a.) write and solve an equation to find your final sco...

Biology, 29.10.2019 03:31

Which of these liquids has the lowest freezing point? ocean water lake water bottled water river water...

Mathematics, 29.10.2019 03:31

Solve the simultaneous equations: 5x - 3y = 12 2x - y = 5...

Mathematics, 29.10.2019 03:31

Genie has 30 pennies, witch is 5 times more than the 6 dimes he has. 30 is 5 times as many as 6. write an equation to match this comparison sentence....

Biology, 29.10.2019 03:31

What is the likely long-term consequence of an increase in the relative percent of greenhouse gases in earth’s atmosphere? a. earth’s average temperature will increase.

Other tasks in the category: Mathematics More task