John deposits $2000 a year for 10 year into an IRA that pays 5%. How much will he have on deposit at 20 years?
349195
$40,976, but next time do your homework yourself.
248690
You can contribute $4,000 to an IRA as long as it is incone you have earned. Consider the new Roth IRAs.\n\nGo here: http://www.irs.gov/publications/p590/ch01.html#d0e1464\n\nYou'll get more detailed info there.\n\nGood Luck!
917637
check this out I have £20.000 of debt then an £90.000 mortgage, a flat that is worth £115.000 if sold, no job and a car with half a tank of petrol and a boot full of tools oh and £0.25 cash, and to top the lot I used rapid restart on the jobseekers allowance after having two weeks work and have to wait 3 weeks to sign on then a further week for the money, hardley surviving on bits of cash paid work. Thanks a bunch Ben French. Would you be annoyed watching 12 years hard graft go down the swanny. 30 years old 35 years before retirement and the whole flat measures 17'x17' this diabolical and I earn good money when I can = £28000 to 35000 a year, so much for electricians.
231498
In total the dude made 9000, which is not quite a lot to be honest for me. (I spend too much). Anyway!\n\nSay the amount he invested at 7% is X, this would naturally make the rest 9000-X, right? Good.\n\nSo hee is the math!\n\n0.07*X + 0.1(9000-X)=720 ....... clear! Now for simplicity, multiply all by 100 and you will get:\n\n7X + 10(9000-X) = 72000 ... and after distribution:\n7X + 90,000-10X = 72000\n-3X = 72,000-90,000 = -18,000  \nX = -18,000/-3= 6,000\n\nSo this is the amount he invested at 7% and the rest, as we shwed earlier, is 9,000-X = 9,000-6000 = 3,000\n\nSo he invested $3,000 at 10%.\n\nOf course you know this is true if the interest was made in one year and without talking taxes, which would be anouther story.
797083
Well, 40,000/20  (20 nickels per dollar) = 2000\n\nAfter 37% is taken out, you still have 63% left. \n\n2000*.63=1260\n\nYou have $1260 remaining.
1043639
Let Your Money be Y and My Money be Y+0.5\nY+(Y+0.5)=5\nY+Y+0.5=5\n2Y+0.5=5\n2Y=5-0.5\n2Y=4.5\nY=(4.5)/2\nY=2.25\nHence:\nYour Money = Y = P2.25\nMy Money = Y+0.5 = P2.25+0.5 = P2.75\nQED#
490131
If a = average annual increase,\n\n200000 = 100000 times (1+a)^5\n\n2 = (1+a)^5\n\nso 1+a = fifth root of 2 = 2^(1/5) or about 1.1487.  So a = about .1487 or 14.87%
384122
Choose x to stand for the amount invested at 10%.  The remaining amount would be 15,000 - x.  It's invested at 6%\n\nChange the percents to decimals, multiply them by their amounts, and add them up to get the total interest:\n\n.10(x) + .06(15000 - x) = 1260\n\nDistribute the .06: .10x + 900 - .06x = 1260\n\nCombine like terms: .04x + 900 = 1260\n\nSubtract 900 from both sides:  .04x = 360\n\nDivide both sides by .04: x = 9000\n\nFind the other number:  15000-9000=6000\n\nSo, $9000 at 10% and $6000 at 6%.\n\nHope that makes sense!
668260
FV = A * (1.09^3 + 1.09^2 + 1.09)\n\nWhere A = 12,000.\n\nKey assumption - you are adding (or taking) 12,000 each year to (out of) the annuity (that's what your Q says).\n\n[ADDED] Excuse me, but the right answer IS here.  Mine comes to $42,878.  Answer Girl is awfully close and probably differs only in assumption of the timing of the 12K deposits.  I'm an MBA and this is part of what I do for a living.
226628
First find the PV of the $50,000 annuity. FV=0, PMT=$50,000, n=20, i=10, CPT PV (use BGN mode)\n\nUse that calculated value as FV, PV=0, n=30, i=10, CPT PMT (use END mode)
905970
Microsoft Excel can help with these kinds of calculations.  Though, an interest formula like this fails to take into account future additions to the principle of your retirement account.  Most people take some of each paycheck and put it into a retirement account rather than depositing a lump sum and forgetting about it.\n\nDon't forget to factor in inflation and taxes somehow!
70181
I'm trying to do this like a basic math question, so forgive me if I do end up giving you the wrong answer. Firstly, I'm assuming that you're going to pay the deposit payment first right? Plus I hope that DP means deposit payment, because if I'm wrong you can just ignore what I typed below. I also assume that your 18% yearly interest would be divided into 12 months payment. Okay! We start!\nFirst, you minus the deposit payment of 144,000 out of the total price of 720,000, leaving you the balance of 576,000. This was already confirmed in your question. \nNext, you have to deduct the amount you pay for the first year, which is a total of 9,600 x 12 = 115,200. When you deduct 115,200 from 576,000, you get 460,800 left. With me so far? Okay, we'll move on...\nNow you have four years left to pay up, so basically you divide the balance of 460,800 between the four years. You'll get 115,200 per year. \nNow remember the 18% interest per year? You'll find that if you apply 18% interest per month, you'll get the same amount as calculated per year. So let's stick to calculating per month, shall we?\nRemember the 115,200 you have to pay each year? Now divide that amount by twelve (months) and then times the answer with 118%. Yes, 118%. \n(If you prefer using 18% and then adding that to the month's original payment, that's also fine. But it's the long way round)\nMeaning:\n(115,200 / 12 ) x (118 / 100) = 11328\nSo this means that you have to pay 11328 per month (interest already included)for the next four years. Got it?
642651
A=P(1+r/n)^(n*t)\nA = 20,000(1+.08/1)^(1*3)\nA = 20,000(1.08)^3\nA = 25,194.24\n\nThe more frequently you compound, the more money you will make.\n\nA = Pe^(rt)\nA = 20,000e^(.08*3)\nA = 20,000e^.24\nA = 20,000(1.271249150)\nA = 25,424.98
159272
This is a stupid question that doesn't make sense!  What does this mean: "At the end of four years, I will receive $10,000 for 10 years."\n\nWhat the heck do you mean?  I think you are asking questions just to get points.\n\nps- This is a hypothetical answer
907239
Okay, I would figure this out one year at a time:\n\nThe first year, the account would have:\n\n1.08(2500 + x) = 2700 + 1.08x\n\nwith x equaling the end of the year deposits. I multiplied by 1.08 to get the amount after the 8% interest was added.\n\nThe second year would be the above amount plus another x and multiplied by 1.08 for the 8% interest:\n\n1.08((2700 + 1.08x) + x) = 2916 + 1.1664x + 1.08x\n\nThe third year would be this amount plus another x and multiplied by 1.08 for the 8% interest:\n\n1.08((2916 + 1.1664x + 1.08x) + x) = 1.08(2916 + 1.1664x + 1.08x) + 1.08 x\n\nThe above equation represents the amount in the savings account after 3 years. Set that equal to 10,000 and solve for x:\n\n1.08(2916 + 1.1664x + 1.08x) + 1.08 x = 10000\nx = 1953.94\n\nSo the couple will have to deposit $1953.94 at the end of each year.
726585
Looking around, 5.05% seems to be the going rate on that kind of money in a savings account (Abbey, Britannia etc offer it)\n\nThis comes to £50,500 a year, or £4200 a month, or £968.49 a week, or £138.36 a day! You could live off it comfortably!
636358
$20, Keep it, worth more later after retirement.