Anthony Quincy wants to withdraw $32.900 each year for 10 years from a fund that earns 4% interest. Click here to view factor tables How much must be invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, eg 1.25124 and final answers to O decimal places, eg 458,581) First withdrawal at year-end First withdrawal immediately S $

Anthony Quincy wants to withdraw $32.900 each year for 10 years from a fund that earns 4% interest. Click here to view factor tables How much must be invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, eg 1.25124 and final answers to O decimal places, eg 458,581) First withdrawal at year-end First withdrawal immediately S $

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 4MC: Refer to the present value table information on the previous page. What amount should Brett have in...

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Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264
Candice Monroe wants to create a fund today that will enable her to withdraw $28,500 per year for 8 years, with the first withdrawal to take place 5 years from today. Click here to view factor tables. If the fund earns 9% interest, how much must Candice invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, eg. 458,581.) Investment amount $
Serena Monroe wants to create a fund today that will enable her to withdraw $31,300 per year for 8 years, with the first withdrawal to take place 5 years from today. Click here to view factor tables. If the fund earns 11% interest, how much must Serena invest today? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Investment amount $
Sally Monroe wants to create a fund today that will enable her to withdraw $26.400 per year for 8 years, with the first withdrawal to take place 5 years from today. Click here to view factor tables If the fund earns 10% interest, how much must Sally invest today? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, eg 458,581) Investment amount eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer
A person wants to invest $12,000 for 2 years and is considering two different investments The first investment, a money market fund, pays a guaranteed 6 4% interest compounded daily. The second investment, a treasury note, pays 6.6% annual interest Which investment pays the most interest over the 2-year period? Select the correct choice below and, if necessary, fill in any answer box(es) to complete your choice (Do not round until the final answer. Then round to the nearest cent as needed) O A. Both the market fund and the treasury note produce the same interest with $ O B. The market fund is the better investment, since the market fund produces S in interest, and the treasury note pays S in interest in interest, and the treasury note pays $ in interest O C. The treasury note is the better investment, since the market fund produces $ Clear all Check answ Help me solve this View an example Get more help - 12:34 2/27/2 delete do %24 & backspace 3 7. 8.
Current Attempt in Progress * Your answer is incorrect. Carla Medavoy will invest $9,600 a year for 20 years in a fund that will earn 5% annual interest. Click here to view factor tables. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year- end, what amount will be in the fund in 20 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, eg. 458,581.) First payment today First payment at year-end $ 509433.1594 485174.4375
Jimmy deposits $3,600 now, $ 2,500 3 years from now, and $ 5,800 6 years from now. Interest is 6 % for the first 3 years and 7 % for the last 3 years. (Round your answers to the nearest whole dollar. The tolerance is +/- 4.00) a. How much money will be in the fund at the end of 6 years? $ b. What is the present worth of the fund? $ c. What is the uniform series equivalent of the fund (uniform cash flow at end of years 1-6)? 69
3. A person deposits $18,000 in a fund that pays interest at the rate of 6% continuously. He withdraws 1200 dollars each year. i) Set up a differential equation where Y(t) represents the total amount in the fund after t years. Use the integrating factor method to solve the differential equation for the amount in the fund after t years. ii) What is the maximum withdrawal her can make every year so that the account is exhausted in 8 years? (Hint: Set up a new equation and solve)
Sam Hart decides to invest $70,000 in a fund that will earn 6% annual interest, compounded semiannually. How much will his investment be worth in three years? Draw a timeline to illustrate the problem. What is the future value of your investment? (Use the present value and future value tables, a financial calculator, a spreadsheet or the formula method for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answer to the nearest cent, $X.XX.)
Suppose that you have an opportunity to invest in a fund that pays 12% interest compoundedannually. Today, you invest P10,000 into this fund. Three years later, you borrow P5,000 from alocal bank at 10% effective annual interest and invest it in the fund. Two years later, you withdrawenough money from the fund to repay the bank loan and all interest due on it. Three years laterfrom this withdrawal you start taking P2,000 per year for 5 years out of the fund. After 5 years, youhave withdrawn your original P10,000. The amount remaining in the fund is earned interest. Howmuch remains?
How much must be deposited today into the following account in order to have a $135,000 college fund in 11 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 7.32% $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.) Enter your answer in the answer box. Type here to search 0 哥同

A person wants to invest $16,000 for 2 years and is considering two different investments. The first investment, a money market fund, pays a guaranteed 5.7% interest compounded daily. The second investment, a treasury note, pays 5.9% annual interest. Which investment pays the most interest over the 2-year period? Select the correct choice below and, if necessary, fill in any answer box(es) to complete your choice. (Do not round until the final answer. Then round to the nearest cent as needed.) OA. Both the market fund and the treasury note produce the same interest with $ OB. The market fund is the better investment, since the market fund produces $ in interest, and the treasury note pays $ in interest. OC. The treasury note is the better investment, since the market fund produces $ in interest, and the treasury note pays $ in interest.