9. Raj deposits 100 into a fund at the end of each 2-year period for 20 years. The fund pays interest at a annual effective rate of i. The total amount of interest earned by the fund during the 19th and 20th years is 250. Calculate the accumulated amount in Raj's account at the end of year 20. A. 1925 B. 1950 C. 1975 D. 2000 E. 202

9. Raj deposits 100 into a fund at the end of each 2-year period for 20 years. The fund pays interest at a annual effective rate of i. The total amount of interest earned by the fund during the 19th and 20th years is 250. Calculate the accumulated amount in Raj's account at the end of year 20. A. 1925 B. 1950 C. 1975 D. 2000 E. 202

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Miguel deposited $11,500 into a fund at the beginning of every quarter for 15 years. He then stopped making deposits into the fund and allowed the investment to grow for 4 more years. The fund was growing at 2.69% compounded monthly. a. What was the accumulated value of the fund at the end of year 15? b. What was the accumulated value of the fund at the end of year 19? c. What is the total amount of interest earned over the 19-year period? 2 company deposited $8,500 into an investment fund at the beginning of every quarter for 4 years. It then stopped making deposits into the fund and allowed the investment to grow for 3 more years. The fund was growing at 4.50% compounded monthly. a. What was the accumulated value of the fund at the end of 4 years ? b. What was the accumulated value of the fund at the end of 7 years ? c. What was the amount of interest earned over the 7-year period?
Courtney deposited $1,100 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.75% compounded semi- annually for the first 3 years and changed to 5.00% compounded monthly for the next 5 years. What was the accumulated value of the RRSP at the end of 8 years?
Alp Bilgin deposits $33.000 in asaving account that pays 9%interest compounded monthly.Four years later, he deposits $20.000. Three years after the20.000 deposit, he makesanother deposit in the amount of$16.500. Six years after the $16.500, half of the accumulatedfunds are transferred to a fundthat pays 12% interestcompounded quarterly. Howmuch money will be in accounteight years after the transfer?
At the end of every year, $2000 is deposited into an account that earns interest of 10% /a, compounded annually. The value of the account after 10 years is: -$ 31,874.85 $ 114,549.99 - $ 114,549.99 $31,874.85
son.7
For 9 years, Janet saved $500 at the beginning of every month in a fund that earned 4.5% compounded annually. a. What was the balance in the fund at the end of the period? Round to the nearest cent b. What was the amount of interest earned over the period? Round to the nearest cent
Mitchell deposited $700 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.25% compounded semi-annually for the first 5 years and changed to 4.50% compounded monthly for the next 3 years. What was the accumulated value of the RRSP at the end of 8 years?
Eric deposited $1,400 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.75% compounded semi-annually for the first 4 years and changed to 5.00% compounded monthly for the next 4 years. What was the accumulated value of the RRSP at the end of 8 years?
Zachary deposited $1,200 at the end of every month into an RRSP for 6 years. The interest rate earned was 3.50% compounded semi-annually for the first 4 years and changed to 3.75% compounded monthly for the next 2 years. What was the accumulated value of the RRSP at the end of 6 years? Round to the nearest cent
Pls show proper solutions.
Arnold deposited a monthly amount of ₱25,000.00 pesos for a period of 10 years at an interest rate of 8%. Starting the first month of 12th year he started to withdraw an amount of ₱20,000.00 per month until the end of 15th year. At the 16th year, because of health emergency, he opted to withdraw an amount of ₱200,000.00. Calculate the available fund in his account 5 years from the last withdrawal.
Mr. Deneau accumulated $98000 in an RRSP. He converted the RRSP into a RRIF and started to withdraw $5400 at the end of every three months from the fund. If interest is 4.1% compounded annually, for how long can Mr. Deneau make withdrawals? State your answer in years and months (from 0 to 11 months).

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