A fund is to created by investing 900 at the end of every month for 9 years. IF money is worth 9% compounded monthly, how much is in the fund at the end of the term?
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A fund is to created by investing 900 at the end of every month for 9 years. IF money is worth 9% compounded monthly, how much is in the fund at the end of the term?
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- How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one year and the rate is 10%?If 90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of 23,138.32 are made starting on December 31, 2020, that will deplete the fund, what is the interest rate being earned if interest is compounded annually?You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuity
- If $100 is deposited in a fund at the beginning of each 3 months for 8 years and the money is invested at 5% compounded quarterly, how much is the fund (a) at the end of 7 3/4 years just after the payment due then is made (b) at the end of 8 years?2: An investment fund is set up to make payments of $1,250 at the end of every month for 15 years. Interest on the fund is 8.50% compounded monthly. (a) How much money must be deposited into the fund today to allow for this series of payments? (b) How much will be paid out of the fund? (c) How much interest will be earned by the fund?On January 1, you deposited $6,000 in an investment account. The account will earn 10 percentannual compound interest, which will be added to the fund balance at the end of each year.Required (round to the nearest dollar):1. What will be the balance in the account at the end of 10 years?2. What is the interest for the 10 years?3. How much interest revenue did the fund earn in the first year? the second year?
- Assume that you want to have $ 2900 saved in a sinking fund in 1 year. The account pays 5% compounded monthly. What should be your monthly payments? Monthly Payment =Assume that you want to have $ 2650 saved in a sinking fund in 1 year. The account pays 4.5% compounded monthly. What should be your monthly payments?Bright Inc. will be receiving $5,400 at the end of every month for the next 2 years. If these payments were directly invested into a fund earning 6.00% compounded semi-annually, what would be the future value of the fund at the end of 2 years?
- A trust fund with an initial balance of $35500 earns interest at 2.7% compounded monthly. If withdrawals of $1310 are made at the end of every three months, starting 8 years from now, how long will the trust fund last? Answer in QUARTERS. Round properlyin order to have a fund of 1,000,000 at the end of 12 years, equal deposits every six months must be made. Find the semi annual payment of interest is at 6% compounded annually?an electrical engineer desires to set up fund by making uniform monthly end of period deposits for a decade. The fund will provide 250000 php at the end of each of the last 3 yrs of the entire period . If the interest is 6% compounded monthly, what is the monthly payable?
