7. Manolo deposited P 120 000 in a fund that pays 5% compounded annually for the first 3 years, 4 ½% compounded semi-annually for the next 2 years and 3% compounded quarterly thereafter. If money is invested for 10 years, how much is in the fund after 10 years?
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- how much can we paid in scolarships at the end of half year if $90.000 is deposited in a trust fund if interest is 8.5% compounded semi-anually? the amount that can be paid each half-year is $_____Miguel contributed $300 at the end of every 3 months into an RRSP fund earning 2.84% compounded quarterly for 10 years. a. What is the future value of the fund at the end of 10 years? Round to the nearest cent b. What is the amount of interest earned over this period? Round to the nearest cent ↑You are given: i. Fund X accumulates at an interest rate of 8% compounded quarterly. ii. Fund Y accumulates at an interest rate of 6% compounded semiannually. iii. At the end of 10 years, the total amount in the two funds combined to $1000. iv. At the end of 5 years, the amount in Fund X is twice that in Fund Y. Calculate the total amount in the two funds at the end of 2 years.
- Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. $49,000; money earns 4% compounded semiannually for 13.5 yearsPeter started to deposit ₱5,000.00 quarterly in a fund that pays 1% compounded quarterly. How much will be in the fund after 6 years? a. ₱202.41 b. ₱214.91 c. ₱116,329.90 d. ₱123.514.09a. What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to accumulate a fund of $90,000 by the end of the 8th year, if the fund earns 8% interest, compounded annually? b. What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to accumulate a fund of $90,000 by the end of the eighth year, if the fund earns 8% interest, compounded annually? c. Diane Ross has $20,000 to invest today at 9% to pay a debt of $47,347. How many years will it take her to accumulate enough to liquidate the debt? d. Cindy Houston has a $27,600 debt that she wishes to repay 4 years from today; she has $19,553 that she intends to invest for the 4 years. What rate of interest will she need to earn annually in order to accumulate enough to pay the debt?
- The sum of $159,760 is invested at 5.5% compounded monthly for four years. After the four years, the balance in the fund is converted into an ordinary annuity paying $10,240 annually. If interest on the annuity is the same, what is the term of the annuity? Select one: O a. 13.49 years b. 10.21 years С. 17.69 years d. 11.34 years e. 9.62 yearsA sum of 50,000 deposited in a fund which will earn 12% compound semiannualy for the first 5 years and 8% interest compounded quarterly for the next 7 years. How much will be the amount after 12 years.13. happy Corp. established a fund where they pay $200 annually into the fund. The interest rate that the fund earns is an annual rate of 6%. what will be the balance of the fund at the end of 5 years? Round to the nearest dollar
- Ali is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded monthly.What would be the balance at the end of 10 years? Select one: a. $127,200 b. $159,423 c. $158,169 d. $163,879Ahmad is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded monthly.What would be the balance at the end of 10 years? Select one: a. $163,879 b. $127,200 c. $159,423 d. $158,169Sheila started to deposit P18,000 semi-annually in a fund that pays 5% compounded semi-annually. How much will be in the fund after 10 years? a. P459,803.80 b. P500,897.56 c. P678,125.50 d. P399,897.45