much is this lump sum if the cost of money is 14% compounded monthly?
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- A man inherited a regular endowment of P100,000 every end of 3 months for 10 years. However, he may choose to get a single lump sum payment at the end of 4 years. How much is this lump sum if the cost of money is 14% compounded quarterly?A man inherited regular endowment of P103,000 every end of 2 months for 10 years. However, he may choose to get a single lump sum payment at the end of 4 years. How much is this lump sum if the cost of money is 14% compounded bi-monthly.1. A man inherited a regular endowment of P100,000 every end of 3 months for 10 years. However, he may choose to get a single lump sum payment at the end of 4 years. How much is this lump sum if the cost of money is 14% compounded monthly?
- Takao inherited regular endowment of P100,000 every end of 3 months for 10 years. However, he may choose to get a single lump sum payment at the end of 4 years. How much is this lump sum if the cost of money is 14% compounded quarterly. P3,320,771.48 P3,563,099.25 P3,702,939.73 O P3,183,679.03Ginger Rogers deposits $3,000 a year into her retirement account. If these funds have an average earning of 8 percent over the 40 years until her retirement, what will be the value of her retirement account?Your grandfather is retiring at the end of next year. He would like to ensure that his heirs receive payments of $11,600 a year forever, starting when he retires. If he can earn 12.0 percent annually, how much does your grandfather need to invest to produce the desired cash flow? (Round answer to 2 decimal places e.g. 15.25.)
- At age 60, a man established a trust fund of R20 000 which will pay his family a regular amount at the end of each month for 12 years after his death. If he dies at age 65, what monthly sum will the family receive if the fund earns 3% p.a. compounded monthly and if the first payment will be made 1 month after his death?our father paid $10,000 (CF at t = 0) for an investment that promises to pay $850 at the end of each of the next 5 years, then an additional lump sum payment of $12,000 at the end of the 5thyear. What is the expected rate of return on this investment?In order to fund his son’s higher education, Abdullah decided to invest $1000 quarterly for 6 years in an ordinary annuity at 12%. What is the total cash value of the annuity at end of year 6?
- Luis wants to have $2,000,000 in net worth when he retires. To achieve this goal, he plans to invest $10,000 each year (starting one year from now) into an account that earns 10% interest compounded annually. The amount of time before Luis can retire as a multimillionaire is how many years?Janet Lopez wishes to establish a trust fund from which her son can withdraw $15,000 every six months for 21 years, when he reaches 25 years old. At the end of which time, he will receive the remaining money in the trust, which she would like to be $100,000. The trust will be invested at 7% per annum compounded semi-annually. How large should the trust be?Nikolay wants to make annual contributions to his RRSP for the next 30 years. He will increase each annual payment by 1.5%, and the RRSP can earn 9.3% compounded annually. If he wants to accumulate $250,000, what is the amount of his first payment at the end of the year?