A trust fund is to be formed by depositing ₱4,000 every six months for 25 years in a bank that promises to pay a fixed rate over the entire term. If the amount of the fund at the end of the term is ₱300,000, then the rate compounded semi-annually is
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A trust fund is to be formed by depositing ₱4,000 every six months for 25 years in a bank that promises to pay a fixed rate over the entire term. If the amount of the fund at the end of the term is ₱300,000, then the rate compounded semi-annually is
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- A trust fund is to be formed by depositing #4766 twice a year for 7 years in a bank that promises to pay a fixed rate over the entire term. If the amount of the fund at the end of the term is #86123, then what is the rate (in %) compounded semi-annually? Round your answer to 2 decimal places.A trust fund amounting to ₱6700000 earns 7.4% annual interest. If ₱150,000 is to be withdrawn at the end of each year in the first 5 years, what is the maximum amount that can be withdrawn annually at the end of each year from the 6th year onward to make the fund last forever?If ₱17,000 is deposited at the end of each year for 16 years in a bank that give 7% interest per year, how much can a person withdraw annually from the fund for 8 years starting 1 year afther the least deposit is made?
- A fund of 25000 is to be accumulated by means of deposits of 1000 at the beginning of every year as long as necessary. If the fund earns an effective rate of interest of 8%, find how many regular deposits will be necessary and the size of a final deposit to be made on the last regular deposit.Urgently need. An engineer wishes to set up a special fund by making uniform semiannual start-of-period (period 0) deposits for 10 years. The fund is to provide P100,000 at the end of each year of the last five years of the 10-year period. If interest is 10% compounded yearly, what is the required semiannual deposit to be made?A sinking fund amounting to $21,000 is to be created by making payments at the beginning of every year for 6 years. Interest earned by the fund is 5.9% compounded annually. Determine the size of the penodic payment and compute the interest earned during the fourth payment interval. Verify your answer by checking the sinking fund schedule. The size of the payment is S
- 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 yearsA company needs to set aside a fund to meet the following future annuity payments to an individual: £1443 paid at the end of each year for the first 4 years followed by £1441 paid at the end of each year up until year 15 (inclusive). Assuming an effective rate of interest of 6.9% pa throughout the entire period, how much total fund the company needs to hold today in order to meet these payments? Express your answer in £s to 2 decimal places. (correct answer = 13214.59)Explain the Step By Step Process. An engineer wishes to set up a special fund by making uniform semiannual and end-of-period deposits for 20 years. The fund is to provide P100,000 at the end of each of the last five years of the 20-year period. If interest is 8% compounded semiannually, what is the required semiannual deposit to be made? ANS: P6,193.39
- an electrical engineer desires to set up fund by making uniform monthly end of period deposits for a decade. The fund will provide 250000 php at the end of each of the last 3 yrs of the entire period . If the interest is 6% compounded monthly, what is the monthly payable?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 yearsDeposits of Php 1500 each were made in a sinking fund at the end of each year. If the fund earned interest at the rate of 6% per annum, what was the principal in the fund immediately after the seventh deposit was made?