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Q: compute for the future value at the end of term for each scenario using the future value of money.…
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Q: By the end of this year you would be 35 years old and you want to plan for your retirement. You wish…
A: Annuity is the number of payments of an equal amount and is made at an equal interval of time. At…
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A: The common formula used to calculate is Future value = Present value (1 +r )^n
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A: Given information : Amount Required at the end of 18 years = RM 150,000 Annual rate of return = 6%…
Your mother is expecting to get ₱18,000 in two years’ time
after investing in government securities that yield 6%
annually.
Step by step
Solved in 3 steps
- compute for the future value at the end of term for each scenario using the future value of money. Your mother invested ₱18,000 in government securities that yield 6% annually for two years.Compute the present value of each scenario. Show the complete solution. 1. Your mother is expecting to get Php18 000 in two years’ time after investing in government securities that yield 6% annually.A mother wishes to have Php800,000 eight years from today for her son’s graduation. How much should she deposit monthly in a bank if it pays interest at 14%, m = 12?
- William Jack and Sophia Rose are planning on their first child education. If they expect that college will cost RM150,000 per year in 18 years, calculate how much should the couple begin depositing annually at the end of each of the next 18 years to accumulate enough funds to pay one year of tuition 18 years from now. Assume they can earn a 6% annual rate of return on their investment.Sean expects to receive $300,000 in 5 years from a trust fund. If a bank loans money at an interest rate of 8.2%, how much money can he borrow from the bank on the basis of this information?Roger decides to start an investment account by depositing $5,000 today. In one year he will invest $500. He plans to make annual investments that increase by $100 each year ($600 in year two, $700 in year three, etc.). If he earns 9% on his investment, what will his account be worth 6 years from today, assuming he compounds annually
- Your uncle has agreed to deposit $3000 in your brokerage account at the beginning today for five years. You estimate that you can earn 9% per year on your investments. How much will you have in your account at the beginning of year 4?Your aunt is planning to invest in a bank CD that will pay 7.5% interest semi annually. If she has $5,000 to invest, how much will she have at the end of 4 years?You are a financial adviser. Your client is thinking of investing $600 at the end of every six months for the next six years with the invested funds earning 6.4% compounded semi-annually. Your client wants to know how much money she will have after six years. What do you tell your client?
- Derek will deposit $255.00 per year into an account starting today and ending in year 21.00. The account that earns 8.00%. How much will be in the account 21.0 years from today?4. Millet wants to provide a ₱200,000 graduation gift for her daughter Mae who is now 16 years old. She would like the fund to be available by the time her daughter is 20. She decides on an investment that pays 10% compounded quarterly. How large must the deposit be?Josh has an investment account with $50,000. If Josh earns 6% per year and contributes $400 each month, how much will his investments be worth in 10 years?