Chris Freeman is investing $9,704 at the end of each year in a fund that earns 5% interest. In how many years will the fund be at $107,000?
Q: Bylo Selhi wants to know how many years it will take for his mutual fundinvestment of $50,000 to…
A: INTEREST RATE 12% PMT 0 PRESENT VALUE 50000 FUTURE VALUE 500000
Q: 13. happy Corp. established a fund where they pay $200 annually into the fund. The interest rate…
A: Year Year-1 Year-2 Year-3 Year-4 Year-5 Total Amount that $200 invested each year will become…
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A: Time value It tells that the money today received by the individual has more value than receiving…
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A: Monthly investment (C) = 900 Annual interest rate = 9% Monthly interest rate (R) = 9%/12 = 0.75%…
Q: Mr. Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to buy…
A: Compounding of interest means, interest is received on principal as well as the earned interest…
Q: What is the amount of the payments that Tom Brokaw must make at the end of each of 8 years to…
A: Amount required = $70,000 Interest Rate(r) = 8% Years(n) = 8 Let Annual Payments = P
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A: Amount invested in investment gives interest. After the maturity of investment, amount invested and…
Q: Mary Stahely invested $ 2500 in a 48-month certificate of deposit (CD) that earned 8.5% annual…
A: Simple Interest is calculated by multiplying the interest rate by the principal by the time period.…
Q: Tiffany has accumulated $60,000 in a mutual fund. If she continues to deposit $300 at the beginning…
A: Future value of a fund is the accumulated amount in the fund over a period of time with deposits and…
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A: Present value and future value is a concept of time value of money. It is considered as an important…
Q: Sarah deposited $26,500 into a fund at the beginning of every quarter for 16 years. He then stopped…
A: Compound interest= p*(1+r%/n)^tn A.) Around $358903 stacked up at the end of 16th year.
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A: Amount of the investment in the mutual fund at the end of the last annuity payment can be calculated…
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A: Compound interest refers to addition of interest to principal sum of loan or deposit.
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A: Annuity due are those payments that are made at the beginning of the year and ordinary annuities are…
Q: Stephen invested $11,000 into a fund earning 5.50% compounded quarterl o withdraw $800 from the fund…
A: Find out future value of current value after two years and than find out the period required.
Q: Morgan Quincy wants to withdraw $36,300 each year for 14 years from a fund that earns 11% interest.…
A: Given: Annual payment = $36,300 Interest rate = 11% Years = 14 years.
Q: how many years
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Q: Holly invested $11,000 in a fund earning 6% compounded quarterly. She withdraws $900 from the fund…
A: Annuity means finite no. of payments which are same in size and deposited or withdrawn in equal…
Q: Shane invested $11,000 in a fund earning 5.5% compounded monthly. He will withdraw $800 from the…
A: Given, Shane invested $11000 in a fund earning 5.5% compounded monthly at the end of first 4 years…
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A: Time value of money: Time value of money is a vital concept to the investors, as it suggests them…
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A: Present Value = [Payment / Interest rate] * [1 – (1/( 1 + interest rate )n)] Interest rate = APR…
Q: Mr. Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to buy…
A: An annuity is the total of all periodic payments or investments made at a fixed rate over a certain…
Q: Morgan Newman will invest $9,280 today in a fund that earns 12% annual interest. Click here to view…
A: Given: Present value = PV = $9,280 Rate = I/Y = 12% Future value = FV = $50,795
Q: The PUR Foundation deposits $2,500,000 today in a fund earning 6% APR compounded monthly. What will…
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Q: determine the quarterly installment that should be deposited into the fund.
A: Introduction: Sinking fund can be defined as a type of fund which is created for repaying the debt.…
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Q: Kate Eden received a graduation present of $2,000 that she is planning on investing in a mutual fund…
A: Excel Spreadsheet:
Q: Candice Alvarez is investing $397,300 in a fund that earns 15% interest compounded annually. Click…
A: Yearly withdrawals = Total amount invested / Present value factor Note: Present value factor means…
Q: Morgan Freeman is investing $9,069 at the end of each year in a fund that earns 5% interest. In how…
A:
Q: .What was size of the investment in the fund if it was earning 5.50% compounded semi-annually?
A: Present Value of Perpetuity Due: It refers to the present worth of the annuity payments made for…
Q: Alan is investing $40,000 in a fund that earns 5% interest compounded annually. Click here to view…
A: Present Value of annuity refers to the present value of all the future payments of and series of…
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A: Following details are given in the question : Quarterly deposit (periodic payment) = $3750 Interest…
Q: ma'am minda started to deposit P2,000 quarterly in a func that pays 5.5% compounded quarterly. How…
A: Quarterly Deposit = 2000 Interest rate = 5.5℅/4 = 1.375℅ per quarter N = 24 quarters
Q: You deposit $1,000 in a fund at the end of each year for a 10- year period. The fund pays 5%…
A: An amortization schedule is a complete table of periodic loan payments, showing the amount of…
Q: 4) Ashley deposits $500 into an investment fund each January 1 starting in 2005 and continuing to…
A: Annual deposit from Jan 1 2005 = $ 500 Period from Jan1 2005 to Jan 2019 = 14 Years Number of annual…
Q: Year Deposit ($) 4,000 3,500 2,500 2,000 1,700 $13,700 12345
A: Growth each year = 11% Future Value factor for growth = (1+11%)^years of investment for 1st deposit…
Q: Andrew Bogut just received a signing bonus of $1,000,000. His plan is to invest this payment in a…
A: Here, To Find: Part A. Number of years =? Part B. Annual deposits =?
Q: Vanessa deposited $16,000 into a fund at the beginning of every quarter for 11 yea She then stopped…
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Q: A consultant advises that a fund pays out $100,000 at the end of 5 years. Provided $12,000 is…
A: $100000 is the future value of annuity due, with $12000 (A) as the annual deposit. n = 5 years Let r…
Q: Ben invested P5000 in a fund at the beginning of every month for five years. The fund earning an…
A: Monthly investment (P) = P 5000 Period = 5 Years Number of monthly payments (N) = 5*12 = 60 Annual…
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A:
Q: Shane contributed $2,250 at the end of every 3 months into an RRSP fund earning 2.41% compounded…
A: Here, Amount deposit after each interval = $2,250 Interest rate = 2.41% Time period = 11 years To…
Q: Jeffrey invested the profit of his business in an investment fund that was earning 3.50% compounded…
A: FV = 0 N = 7*2 PMT = 5000 rate = (1 + 3.50%/12)^6 - 1 = 1.7628% use PV function in Excel
The amount is invested at the end of each year so it is ordinary annity
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- 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?Newman Quincy wants to withdraw $32,700 each year for 14 years from a fund that earns 10% interest.How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately?Mr. Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to buy a machine. if the fund is invested at 2.45% compounded semi - annually, how many years will the fund contain at least P 100,000?
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- You have invested $48, 800 in an investment fund. What amount can you withdraw from this fund in 10 years? The fund is offering an annual interest rate of 9.1%.Salvatore will contribute $640 to a mutual fund at the beginning of each calendar quarter. a. What will be the value of his mutual fund after 6 1/2 years if the fund earns 9% compounded annually? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Value of mutual fund $ b. How much of this amount represents investment earnings? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Investment earnings $Chris Spear invested $15,000 today in a fund that earns 8% compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually?