Mr Cruz is preparing his retirement at a certain period “n” year from now, he deposits a uniform amount of 3500 pesos at the end of each year into a fund that earns an interest of 3.5% compounded annually. Find the value of “n” when the compound amount factor due to the series of equal deposits is equal to 35.3437
Q: As a result of a court settlement, an accident victim is awarded $1.8 million. The attorney takes…
A: present value of annuity is the value of stream of reccuring fixed interval future cashflow…
Q: 14. In the following ordinary annuity, the interest is compounded with each payment, and the payment…
A: Following information are given: For JOE: Annual investment = $5000 Time = 30 years Rate = 9.1%…
Q: If $417.00 is deposited at the end of each year for 6 years into an ordinary annuity earning 4.08%…
A: Here, Yearly Deposit is $417.00 Time Period is 6 years Interest Rate is 4.08% Compounding Period is…
Q: 1. Manda Bamkeng deposits Php 50,000 every beginning of the month for 4 years with 2% compounded…
A: Note: As per the rules of Bartleby,in case of multiple unspecified questions only the first question…
Q: Maria's retirement fund has an accumulated amount of $50,000. If it has been earning interest at…
A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…
Q: Henry Jones is planning to retire in 15 years. He wishes to deposit an equal amount (A) every 6…
A: Time period = 15 years Time duration semi-annual compounding Interest rate = 14% Semi-annual…
Q: As a result of a court settlement, an accident victim is awarded $2.1 million. The attorney takes…
A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…
Q: Rebecca made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years,…
A: Solution: An amount deposited at beginning of every period is known as annuity due. So, future value…
Q: Kyler deposits $225 each month into an annuity at 6.2% annual interest for 25 years . At the end of…
A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…
Q: At the conclusion of each year, each participant made a deposit of 1500.35 into a sinking fund. What…
A: This is used in the case of a future annuity – suppose an equal sum of money is invested in the bank…
Q: May deposits PhP 20,000 into a fund at the beginning of each year for 10 years. At the end of 15…
A: This is a classic case of an annuity due, annuity perpetuity, annuity deferrals. First, we will…
Q: Chuck Brown will receive from his investment cash flows of $3,165, $3,460, and $3,810 at the end of…
A: Future value is the expected value of current worth in a future date at a given rate of return.
Q: Donald Turner invested $4500 twice a year in an annuity due at Capital Appreciation, Inc. for a…
A: Periodic deposit (D) = $4500 n = 7 years = 14 deposits r = 4% per annum = 2% per period
Q: Amanda makes year-end deposits of P500 the first year, P550 at the second year, P605 at the third…
A: Given: Interest rate = 12% Year Amount 1 500.000 2 550.000 3…
Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…
A: We need to use ordinary annuity formula to calculate future value of all annuity payment Future…
Q: A man wishes to have P350,000.00 when he retires 15 years from now. If he can expect to receive 4%…
A: The future value of an annuity due is the total future value of each cash flow which is made at the…
Q: Kershaw wishes to accumulate $2 million by the end of 40 years by making equal annual end-of-year…
A: The Future Value of the annuity refers to the sum value of all the payments which is occurred…
Q: The sum of $159,760 is invested at 5.5% compounded monthly for four years. After the four years, the…
A: The present value of annuity refers to the current value of future annuity payments to be paid at a…
Q: Ryan must pay off a loan of $3500 in 5 years. Use the appropriate formula to find the amortization…
A: Amortization is the amount which is need to be paid by a consumer to the institution for a period of…
Q: A man is planning to retire in 20 years Money can be deposited at 6% interest compounded monthly,…
A: For this we need to calculate compounded annually rate, i=(1+(r/m))^(m/q)-1 =(1+(0.06/12))^(12/1)-1…
Q: Eric Coleman invested $2500 four times a year in an annuity due at Southern Trust Company for a…
A: The Future Value of Annuity Due is the total future value of each cash flow which is made at the…
Q: Carl has purchased an annuity to be paid at the end of each month for 20 years at an effective…
A: Present Value of Annuity = 200,000 USD YEars = 20 Terms(n) = 20*12 = 240 Rate of Interest(r) =4%/12…
Q: Stephen deposited $1,200 at the end of every month into an RRSP for 8 years. The interest rate…
A: Amount deposited at the end of every month is $1200 Time period is 8 years Interest rate for first…
Q: Eleanor makes year-end deposits of P500.00 the first year, P550.00 the second year, P605.00 the…
A: Computation:
Q: An accountant is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…
A: The present value means the present value of the payment of the future. It generally tells us what…
Q: Jane makes regular (end of term) deposits into her RRSP (Registered Retirement Savings Plan) that…
A: Time till retirement = 27 years Quarterly payment = $5,200 (4 times a year) Time after retirement =…
Q: Edward borrowed an amount to his friend and promised to pay the principal amount and accumulated…
A: Let the amount borrowed be "x" Simple rate = 15.118% Amount paid at the end of 3 years = P15.855.…
Q: How much of the original principal is still unpaid after he has made the 8th payment?
A: Get the annuity first using P = 600000,i =12%= 0.12 , n = 15 P= A*(1-(1+i)^-n)/i…
Q: Mr. N. invests $5,000 in a certificate of deposit (CD) at his local bank. Hereceives 2 percent…
A: RATE 2% YEARS 5 PMT (MONTHLY DEPOSIT) 0 PRESENT VALUE $5,000
Q: Randall will make deposits of $3,130 at the end of every year into an account earning 3.29%…
A: Ordinary General Annuity is the annuity when payment is made at the beginning or end of each month…
Q: Calculate X
A: The time value of money is a concept that states that due to the interest-earning capacity of money,…
Q: An individual earns an extra $2500 each year and places this money at the end of each year into an…
A: INTEREST RATE 8.70% PERIOD (YEARS) 45 PMT (ANNUAL EARNINGS) 2500 PRESENT VALUE $0
Q: Shawn made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years,…
A: Compounding of interest means, interest is received on principal as well as the earned interest…
Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…
A: FUTURE VALUE OF ANNUITY FORMULA: FVA=A×1+RMM×N-1RM WHERE, A= ANNUITY R=INTEREST M=FREQUENCY OF…
Q: Newman Hitchcock is 37 years old today and he wishes to accumulate $536,000 by his 60 th birthday so…
A: We use PMT function to calculate annual deposit (in financial calculator or excel)
Q: Potter wishes to deposit a sum that at 12% interest, compounded semiannually, will permit 2…
A: We need to use present value formula to calculate required deposit now. The equation is PV =FV(1+i)n…
Q: Diego made end of quarter deposits of $1,650 into a retirement fund at 6.50% compounded monthly for…
A: Annuity means a series of finite number of payments which are the same in size and made in equal…
Q: Using the appropriate interest table, provide the solution to each of the following four questions…
A: For finding the yearly annual payments, we need to use the formula for Future Value of Annuity- FV…
Q: .Interest rate per month,%? 2.Amount paid at the end of 3 years. 3.Amount to be paid at the end of 5…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three subparts…
Q: Mr. Canlapan deposited his money from selling his old vehicle. The fund would allow him to withdraw…
A: Determine the value of the fund deposited after a year using the Excel PV function with the…
Q: Mr Santos wants to get a lump sum of money when he retires at the end of 30 years. He then deposits…
A: The interest rate is the amount charged by a lender to a borrower and is expressed as a percentage…
Q: Mr. Espinoza's debt of P160,000 is amortized by making equal payments at the end of every three…
A: Since you have posted a question with multiple subparts, we will solve first three subparts for you.…
Q: An inheritance of $120,000 is invested in a fund that earns 7.7% compounded semiannually. If this…
A: Annuity is referred as the instalment paid at the regular interval for a particular period. Ordinary…
Q: Stacey deposits $ 4500 at the end of each year for 30 years into an investment fund which pays out…
A: Reinvestment is the practice of using dividends, interest, or any other form of the income…
Q: Determine the present value of P6,800 paid at the end of each subsequent calendar quarter for 7…
A:
Q: Ahmad is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded…
A: We need to calculate future value of an ordinary annuity. here annuity is a monthly deposit of…
Q: Abe Washington sold some property in Oregon and will receive $40,000 in 5 equal payments of $8,000…
A: The present value of future cash inflow is calculated by taking present value factor @9%. At 9%…
Q: Jane invests $700 at the end of each year for 5 years. If interest is paid at 7%/a compounded…
A: Data given: Investment amount = $ 700 (at the end of each year) n= 5 years Interest = 7% p.a.…
Q: Mr. De Castro wishes to have P1,400,000.00 when he retires 15 years from now. If he can expect to…
A: Note: Since the same question is typed twice, so we will solve it once for you. The Future value of…
Q: Al Darby wants to withdraw $21400 (including principal) from an investment fund at the end of each…
A: In the given case, an amount of $ 21,400 will be withdrawn at the end of each year for next 5 years.…
Mr Cruz is preparing his retirement at a certain period “n” year from now, he deposits a uniform amount of 3500 pesos at the end of each year into a fund that earns an interest of 3.5% compounded annually. Find the value of “n” when the compound amount factor due to the series of equal deposits is equal to 35.3437
Step by step
Solved in 2 steps with 2 images
- Mr Dela Cruz deposited ₱18,980.00 from the project you’ve earned in a time deposit account with your savings bank at a rate of 1.25 per annum. This will mature in mature in two years. Compute for the interest and the total amount to be collected.Mr. Espinoza's debt of P160,000 is amortized by making equal payments at the end of every three months for six years with 4.3% interest rate compounded quarterly. How much is the quarterly payment? Construct an amortization schedule. How much will Mr. Espinoza pay after the term? Do you think that the total amount paid is fair given the total interest and the term of the annuity? Why or why not? Explain in your own words.Suppose you are a beneficiary designated to immediately receive ₱9201 each year for 7 years, earning an annual interest rate of 4%. The future value of the stream of income payments is Round your answer to 2 decimal places.
- Pedro, who deposited P500,000.00 today with a financial Institution M, agreed with the latter that Pedro’s money shall earn monthly compounded interest. If the prevailing interest rate of the Institution M is 8 % compounded yearly, how much will the value of his deposit be after 14 months?A man wishes to have an amount of P2,769.84 after 5 years. He deposited P500 each year into a savings bank that pay "r" percent per annum compounded continuously. Compute the value of "r". *written solution pleasePedro, who deposited P500,000.00 today with a financial Institution M, agreed with the latter that Pedro’s money shall earn monthly compounded interest. If the prevailing interest rate of the Institution M is 8 % compounded yearly, how much will the value of his deposit be after 14 months? show formula used and systematic solution
- - Mr. Cruz plans to deposit for the education of his 5 year old son, Php 5831 at the end of each year for 10 years at 11.41 % annual interest compounded annually. What will be the amount available after 10 years? - What is the present worth of a 6-year annuity paying P3,000.00 starting at the end of five years, with interest at 8% compounded semiannually?Mr. Chips, Inc. wishes to accumulate $1,200,000 to be used to pay off a balloon note at the end of 5 years. How much will Mr. Chips need to invest today to accumulate the desired amount if the investment earns an annual rate of 8% compounded quarterly? (Select the closest amount.) Select one: O A. $807,564 O O O B. $1,086,877 C. $257,458 D. $1,783,167Josh invests P500 per quarter for his retirement at 7.3% compounding quarterly for 32 years. He has a choice of making that payment of P500 at the beginning or the end of the quarter (regular annuity or annuity due). In which account will he have more money and by how much?
- Mae expects to receive $1,000 at the end of each of the next three years. She will deposit these payments into an account which pays 10%, compounded semi-annually. How much will be the future value of these payments, that is, the value at the end of the third year? a. $7,986.00 b. $3,318.01 c. $3,993.00 d. $665.50Mark Welsch deposits $7,300 in an account that earns Interest at an annual rate of 8%, compounded quarterly. The $7,300 plus earned Interest must remain in the account 1 years before it can be withdrawn. How much money will be in the account at the end of 1 years? (PV of $1. FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Present Value Table Factor Total AccumulationMany persons prepare for retirement by making monthly contributions to a savings program. Suppose that $2,500 is set aside each year and invested in a savings account that pays 8% interest per year, compounded continuously. a. Determine the accumulated savings in this account at the end of 29 years. b. In Part (a), suppose that an annuity will be withdrawn from savings that have been accumulated at the EOY 29. The annuity will extend from the EOY 30 to the EOY 36. What is the value of this annuity if the interest rate and compounding frequency in Part (a) do not change? Click the icon to view the interest and annuity table for continuous compounding when i=8% per year. a. The accumulated savings amount at the end of 29 years will be $275384. (Round to the nearest dollar.) b. The value of the annuity will be $41655. (Round to the nearest dollar.)