Question: Question 7 3 pts You will deposit $243 each year into an investment account that earns 5% interest (an APR, with interest compounded annually). Your

 Question 7 3 pts You will deposit $243 each year intoan investment account that earns 5% interest (an APR, with interest compoundedannually). Your first deposit will be exactly one year from today, andyou'll make a total of 10 deposits. How much will be in

Question 7 3 pts You will deposit $243 each year into an investment account that earns 5% interest (an APR, with interest compounded annually). Your first deposit will be exactly one year from today, and you'll make a total of 10 deposits. How much will be in your account 10 years from today? Margin of error for correct answers: +/- .05. Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you should enter 12.35). Question 8 3 pts You will make equal annual deposits for the next ten years (with the first deposit exactly one year from today, and the final deposit 10 years from today) into an account that pays a 11.2% effective annual rate. If your goal is to have exactly $10,000 ten years from today, the annual deposit amount needed to achieve that goal is $. Margin of error for correct answers: +/- .05. Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you should enter 12.35). Question 9 3 pts You will deposit $150 each of the next five years (the first deposit will occur one year from today, and there will be a total of 5 equal deposits) into an account that pays a 7.19% effective annual rate. Six years from today, you wish to have exactly $1000 in the account. You would need to deposit an additional $ into the account six years from today to meet that goal. [Hints: Make a timeline! There are many ways to solve this problem, so you should be able to verify your answer by trying a different solution method. I recommend making sure you can solve this problem by starting it as an annuity problem.] Margin of error for correct answers: +/-.05. Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you should enter 12.35). Question 10 3 pts You will receive a series of $1,215 payments, annually, beginning exactly 8 years from today, for a total of 10 payments. The relevant interest rate (your opportunity cost) is 8% (as an EAR). What is the present value today (year 0) of this series of payments? Margin of error for correct answers: +/-.05. Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you should enter 12.35)

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