What sum of money must be deposited in a trust fund to provide a scholarship of $1550, quarterly for infinite period, if interest is 7.2% compounded quarterly? (Money should be rounded to 2 decimal place) USE ONLY CALCULATOR TO CALCULATE YOUR ANSWERS. PMT VY CAY PV 1550 0.072 4 0.018 86111.11 4
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- Kevin deposits $856.89 each quarter into an annuity account for his child's college fund in order to accumulate a future value of $75,000 in 16 years. How much of the $75,000 wilI Kevin ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary. Formulas 中 Answer(How to Enter) Keypad Present Value Formula Keyboard Shortcuts A PV = (1+) nt Annuity Formula for Finding Future Value nt FV = PMT . Annuity Formula for Finding Payment Amounts PMT = = FV . nt Prev NextFind the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) Amount Needed Frequency Rate Time A $120,000 quarterly 9% 25 yr Need Help? Read It Talk to a TutorHow much must be deposited today into the following account in order to have a $135,000 college fund in 11 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 7.32% $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.) Enter your answer in the answer box. Type here to search 0 哥 同
- What is the present value of a perpetuity of $8,447 per year given an interest rate of 8.2%, assuming that the first cash flow occurs today (that is, in year 0)? Record your answer as a dollar amount rounded to 2 decimal places , but do not include a dollar sign or any commas in your answer . For example , enter $ 12,327.24987 as 12327.25 .Find the monthly payment R needed to have a sinking fund accumulate the future value A. The yearly interest rate r and the time t in years are given below. Interest is compounded monthly. A= $9,000; r=7%; t= 1 R=$ (Round up to the nearest cent.) ue ue ie Enter your answer in the answer box and then click Check Answer. ue All parts showing Clear All Check Answer To see what to study next, go to your Study Plan. 99- a1. Let the annual interest rate be 6 %. Compute 871 Enter an answer correct to 6 decimal places. ä7 Enter an answer correct to 6 decimal places. 2. A fund is to be created which pays out a scholarship of £8,000 every year in perpetuity. The first scholarship will be paid out in 9 years' time. Assuming an interest rate of 2%, how much should be paid into the fund? £ Enter an answer correct to 2 decimal places.
- B&F 209: Home work 1. Find the discounted value of an ordinary sinmple perpetuity paying S400 a year, if interest is (a) j1-8%, (b) j1=12,48%. 2. How much money is needed to establish a fund that pays a research scholarship of $10,000 each half year, if the fund can be invested at j2-10%, and if the first scholarship will be provided (a) a half-year from now? (b) immediately? (c) Four years from now? 3. On the assumption that a farm will net $1500 annually indefinitely, whatis the fair price(discounted value) for it, If money is worth (a)j1-8°o (b) j12-15%o.A trust notifies you that you are entitled a grant that would give you annual payments of $6,200 per year in perpetuity. The first payment will be made to you three years later (at the end of year 3). The annual interest rate is 10% (APR). What is the present value of the grant? A. 56,363.64 B. 46,581.52 C. 51,239.67 D. 62,000.00Answer the following question, show all working. Use a financial calculator if needed. DO NOT use excel: Your grandfather left an inheritance for you of $100,000. However you can only drawdown on the investment as follows:Years 1 – 3 $15,000 each yearYear 4 to 6 $10,000 each yearYear 7 $25,000Interest on the fund is 5%.a) What is the present worth of this inheritance?b) Due to high liquidity interest rate have dropped to 4%. What will be the impact on the present worth of this inheritance as a consequence of the market change?
- Walter deposits S380.89 each month into an annuity account for his child's college fund in order to accumulate a future value of $90,000 in 15 years. How much of the $90,000 will Walter ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary. Formulas AnswerHow to enter your annwer fopens in new window Keypad Keyboard Shortcuts Amount Walter will deposit: S ev Ne Interest earned: $2. A fund is to be created which pays out a scholarship of £9,000 every year in perpetuity. The first scholarship will be paid out in 9 years' time. Assuming an interest rate of 3%, how much should be paid into the fund? £ 数字 Enter an answer correct to 2 decimal places.What amount of money (in Php) invested today at 11.97% interest can provide the following scholarships: Php 35,389 at the end of each year for first 8 years, Php 45,100 each year for the next 8 years, and Php 55.060 thereafter? Note: Please show the complete solution with the formulas used as it is needed for my reviews. Thank You!
