ayments of $4,000 are made into a fund at the beginning of each year for ten years. The fund is invested at an annual effective rate of i. The interest generated is reinvested at 13%. The total accumulated value at the end of the ten years is $110,000. Find i. (Round your answer to two decimal places.)

Q: Deposits of Php 1500 each were made in a sinking fund at the end of each year. If the fund earned…

A: Deposit each month = 1500 End of year deposits Interest Rate = 6% Future Value after seventh deposit…

Q: A trust fund is to be formed by depositing ₱4,000 every six months for 25 years in a bank that…

A: Interest refers to the amount charged by the lender on the lent amount. The borrower of the loan is…

Q: In January 1977, 100 $ was invested at 3% annual compound interest. In the following years, 200 $…

A: The future value of money refers to the accumulation of the present amount with a certain rate of…

Q: How much is in the fund at the end of 12 years, if it accumulated at 5% for the first 8 years, and…

A: Balance in the fund at the end of any period is the amount of money which includes the deposits…

Q: Red Company invested $10,000 in a fund that was earning interest at a rate of 3.00% compounded…

A: The future value is the future worth of the amount that will be paid or received at future.

Q: Two funds, X and Y, start with the same amount. Given the information below, calculate j. i) Fund X…

A: Compound interest is the interest calculated upon principal amount and interest accumulated from…

Q: sinking fund is established such that $12,000 will be available to replace a facility at the end of…

A: In this we need to calculate the sinking fund factor from that we can get the payment.

Q: Ten payments of 1,000 are made at the beginning of the each year for 10 years. The payments earn…

A: Time value of money is a financial management concept where the value of money today is not equal to…

Q: A sinking fund amounting to $19,000 is to be created by making payments at the beginning of every 6…

A: in this you have to find out future value FACTOR and sinking fund required.

Q: An engineer wishes to set up a special fund by making uniform semiannual end-of-period deposits for…

A: The net amount of cash and cash equivalents being transferred in and out of a company is referred to…

Q: 4. A sinking fund amounting to $15,000 is to be created by making payments at the beginning of every…

A: Sinking fund (SF) is a type of account which is created to accumulate the required amount after a…

Q: Six annual deposits in the amount of $4,000, $3,300, $2,600, $1,900, $1,200 and $500, in that order,…

A: Future Value(FV) is compounded value of present amount at future date.

Q: A fund of 25000 is to be accumulated by means of deposits of 1000 at the beginning of every year as…

A: Deposits are being done to get a lump-sum return on the periodic amount that has been invested.…

Q: Mark deposit $1,000,000 in a fund today, the conditions for payment to Mark are a fixed amount for…

A: using excel Goal seek to find out the fixed amount

Q: P240,000 will be deposited in a fund at the beginning of each six months for 5 yrs. Using 11% as the…

A: Semi annual deposit = P = P240,000 Interest rate = 11% Semi annual interest rate (r) = 11%/2 = 5.50%…

Q: A sinking fund amounting to $21,000 is to be created by making payments at the beginning of every…

A: given, p= $21,000 n=6 r= 5.9%

Q: payments

A: As the payments are made at the end of the year, this is an ordinary annuity. Hence the future value…

Q: Find the amount of each payment to be made into a sinking fund earning 9% compounded monthly to…

A: Data given: A=Amount to be accumulated = $86,000 P= Payment to be made = ? i=interest rate…

Q: Conners' Equipment established a sinking fund to accumulate $250,000 by making payments at the…

A: As per the given question, Conners Equipment accumulated $250,000 at the beginning of the year.…

Q: A fund is being formed by monthly deposit of P2,000 at 6% compounded monthly a) Find the amount…

A: future value of annuity=A×1+rmm×n-1rmwhere,A=monthly depositr=rate of interestm=frequency of…

Q: In order to accumulate $500,000 after 25 years, calculate the amounts that must be invested at the…

A:

Q: A manufacturing firm sets aside P50,000 at the end of each year for 5 years in a sinking fund…

A: Annual deposit = P 50,000 Period = 5 Years Annual interest rate = 12%

Q: The city isrequired to make regular payments every 3 months into a sinking fund paying 5.4%…

A: A)The interest rate is 5.4% compounded quarterly.There would be 40 quarters in 10 years.The cost of…

Q: A trust fund is to be formed by depositing #4766 twice a year for 7 years in a bank that promises to…

A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…

Q: 7. A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is…

A: Quarterly deposit (P) = P 30,000 Interest rate = 12% Quarterly interest rate (r) = 12%/4 = 3% Period…

Q: A company wants to accumulate $100,000 to purchase replacement machinery 8 years from now. To…

A: An annuity is the sum of an equal amount after an equal interval of time made in an account to…

Q: Save The Simpson Company invested $20000 in a fund that was earning interest at a rate of 5%…

A: Given data, Investment p = $20000 Rate of interest r = 5%= 0.05 compounded semi annually,  so, n=2…

Q: Payments of 1000 are invested at the end of each year for 5 years. The payments earn interest at an…

A: Annuity involves the payment of a periodic amount up to a specified period of time, and eventually a…

Q: How much must be deposited in a fund at the end of each six months for 12 years to raise P25,000 by…

A: Future value (F) = P 25,000 Annual interest rate = 5% Semi annual interest rate (r) = 5%/2 = 2.5%…

Q: A sum of 50,000 deposited in a fund which will earn 12% compound semiannualy for the first 5 years…

A: Computation of the amount that will be received after 12 years is shown below:

Q: A contractor wishes to set up a special fund by making uniform semiannual end-of-period deposits for…

A: The present value of the annuity is the current worth of a cash flow series at a certain rate of…

Q: quarterly. Find the amount available in this fund after 10 years

A: Quarterly payment is $30,000. Maturity period is 10 years. Rate of interest is 6%. Compounding…

Q: Deposits of 10 are placed into a fund at the end of each year for 18 years with the first deposit…

A: The time value of money is the idea that the value of money received today will be more worthy than…

Q: Francis deposits P 100,000 into a fund today and P 200,000 fifteen years later. Interest is credited…

A: Deposit today (D0) = P 100000 Deposit after 15 years (D1) = P 200000 Discount rate for first 10…

Q: A company wants to accumulate $100,000 to purchase replacement machinery 8 years from now.To…

A: Annuity means no. of payment which is equal in size and made at equal interval of time. Person get…

Q: Bi-monthly deposits of 16,000 are made to accumulate a fund at the end of 8 years. Round off final…

A: Here, Bi- Monthly Deposit is $16,000 Time Period of Deposit is 8 years Note: Here, it is not clearly…

Q: What equal annual series of payments must be paid into a sinking fund in order to accumulate each of…

A: The formula to compute annual equivalent worth of future payment: a) Hence, the equivalent annual…

Q: A sinking fund amounting to $21,000 is to be created by making payments at the beginning of every…

A: Sinking fund can be defined as the fund which has been established for the purpose of accumulating…

Q: $4,250 was deposited at the end of every six months for 5 years into a fund earning 2.2% compounded…

A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…

Q: If a fund pays 12% compounded annually, what single deposit now will accumulate $12,000 at the end…

A: Time value of money- It is based on the concept that money earned today is worth more than similar…

Q: Five annual deposits in the amounts of $15,000, $14,000, $13,000, $12,000, and $11,000 are made into…

A:

Q: Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year,…

A: The future value is computed by multiplying the present money by the future value annuity factor. In…

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: A Sinking fund refers to a fund that is kept aside or borrowed in order to pay off a debt or a loan.…

Q: Find the AV of these deposits

A: Time value of money (TVM) means that the amount received in the present period will have more…

Q: Red Company invested $20,000 in a fund that was earning interest at a rate of 3.00% compounded…

A: Answer a:- The future value of an investment is calculated using the following formula:- Future…

Q: Find the size of each of 8 payments made at the end of each year into a 9% rate sinking fund which…

A: Formula FVA = P*((1+i)n-1)/i Where FVA - Future value of annuity i.e. 55000 P - Annual payment i -…

Q: Find the amount of each payment to be made into a sinking fund so that enough will be present to…

A: As per the given information: Amount - $49,000 Rate of interest (r) - 4% compounded semiannually…

Q: Five annual deposits in the amounts of $10,000, $8,000, $6,000, $4,000, and $2,000, in that order,…

A: Future Value = Cashflow * (1+rate)^compounding year

Q: Three EOY payments of $300 each are made in a fund that gives an interest of 12%. What amount is…

A: The question is based on calculation of future value of periodic payments with the concept of…