What is the future value in ten years
Problem:
Let's say I just won the lottery. What is the future value in 10 years of $1,000 payments received at the beginning of each year for the next 10 years? Assume an interest rate of 5.625%.
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What rate of return will you earn if you pay $900 now for three consecutive annual (annuity) payments of $50
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Starting next year, I plan to withdraw equal amounts from the account at the end of each of the next four years. What is the most that I can withdraw annually?
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Let's say I just won the lottery. What is the future value in 10 years of $1,000 payments received at the beginning of each year for the next 10 years?
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XYZ company has a balloon payment coming due from a recent acquisition. They need to have $150,000 set aside 5 years from now.
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