How much must be deposited

Assignment Help Finance Basics

Reference no: EM13272987

You would like to have 45,000 in 11 years. To accumulate this you plan to deposit an equal amount each year which would earn 5% interest compounded. The first payment will be made at the end of the year.

How much must be deposited?

If you decide to make a large deposit instead of annual deposits, how much should that be?

At the end of 4 years you will receive $12,000.You will deposit this in the bank towards the 45,000.In addition to this deposit how much more must be deposited to reach the goal of45,000 at 5% interest?

Reference no: EM13272987

Questions Cloud

Find where the magnetic field is zero : two parrel,very long straight wires separated by 10 cm are carrying 2.0 A and 4.0 A in opposite direction. where the magnetic field is Zero

What is the portfolio weight of stock a : A portfolio has 70 shares of Stock A that sell for $39 per share and 110 shares of Stock B that sell for $33 per share.

Find the frequency of the radiation of maximum intensity : The walls of a blackbody cavity are at a temperature of 27 degrees C. find the frequency of the radiation of maximum intensity

How far is its image from the mirror : A 12mm-high object is 10cm from a convex mirror with focal length 17cm. How far is its image from the mirror

How much must be deposited : You would like to have 45,000 in 11 years. To accumulate this you plan to deposit an equal amount each year which would earn 5% interest compounded. The first payment will be made at the end of the year.

By how much is the image enlarged or reduced : A lightbulb is 48 cm from a convex lens, and its image appears on a screen located 31 cm on the other side of the lens. By how much is the image enlarged or reduced

Which field is the strongest and why : A current of 2.0 A is flowing along the z-axis in the positive z direction from the origin to z=-2 m. Find the magnetic field, Which field is the strongest and Why

Calculate the magnitude of the average emf : A 119-turn circular coil of radius 2.01 cm is immersed in a uniform magnetic field that is perpendicular to the plane of the coil. calculate the magnitude of the average EMF

What rate of return does your loan receive : You lend 50,000 which your friend will repay in 12 equal payments of 8,000.First payment to be received in 1 year from now. What rate of return does your loan receive?

User Account

All Pages