A trust fund with a beginning balance of $24,000 earns interest at 5.0% compounded quarterly. If withdrawals of $3,300 are made at the beginning of every three months, starting 10 years from now, how long will the trust fund last?  Round properly. Answer in quarters.

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A: The amount of fund after final deposit can be calculated with the help of future value of annuity…

Q: How much is in the fund at the end of 12 years, if it accumulated at 5% for the first 8 years, and…

A: Balance in the fund at the end of any period is the amount of money which includes the deposits…

Q: You invested $11,500 at the end of each quarter for 6 years in an investment fund. At the end of…

A: Information Provided: Invested amount = $11,500 Years = 6 Future value of invested amount =…

Q: To provide for expansion, a company has established a sinking fund earning 9% semi-annually. The…

A: Future value is the estimated current value of future cash flows that is discounted at an assumed…

Q: Arish has $25,000 in an investment account and plans to contribute $1,000 at the start of each…

A: Rate of interest The cost associated with borrowing money. Over time, it is given as a percentage…

Q: A person invests $50,000 in an investment that earns 6 percent. If $6,340 is withdrawn each year,…

A: Given: Present value = $50,000 Interest rate = 6% Amount = $6,340

Q: Stacy Medavoy will invest $8,480 a year for 20 years in a fund that will earn 11% annual interest.…

A: Variables in the question:PMT=$8480 (a year)N=20 yearsRate=11%Annuity due-Where payment is made at…

Q: Bright Inc. will be receiving $5,300 at the end of every month for the next 3 years. If these…

A: The objective of the question is to calculate the future value of a series of monthly payments…

Q: What is the accumulated value of periodic deposits of $3,500 made into an investment fund at the…

A: The Future Value of Annuity Due refers to the concept which determines the sum total of all the cash…

Q: A fund is to created by investing 900 at the end of every month for 9 years. IF money is worth 9%…

A: Monthly investment (C) = 900 Annual interest rate = 9% Monthly interest rate (R) = 9%/12 = 0.75%…

Q: You invested $7,000 at the end of each quarter for 8 years in an investment fund. If t balance in…

A: Solution: An amount deposited at end of every period is known as ordinary annuity. The formula for…

Q: Briac Steel sets aside $4900.00 at the beginning of every six months in a fund to replace equipment.…

A: An annuity is a set of periodic payments made in exchange for a lump sum payment. There are two…

Q: Find the interest rate needed to accumulate $45,000 in a sinking fund in 10 years, with annual…

A: A fund that is created to repay a debt or replacement of an asset by putting an equal sum of amount…

Q: Bramble Corporation, having recently issued a $20,094,900, 15-year bond issue, is committed to make…

A: The question is based on the concept Annuity

Q: A sinking fund is established to discharge a debt of $70,000 in 15 years. If deposits are made at…

A: Compound = Semiannually = 2Future Value = fv = $70,000Time = t = 15 * 2 = 30Interest Rate = r = 4 /…

Q: How much should SKF Steel Company invest in a fund to be able to withdraw $10,000 at the end of…

A: Future value of money includes the amount being deposited over the period of time and interest…

Q: Deposits of $6000 are put into a fund at the end of each month for the next 9 years. At the end of…

A: The perpetuity refers to the regular payment of receipt for an infinite period of time at a  certain…

Q: find the size of each 4 payments made at the end of each year into a 9% rate sinking fund which…

A: Future value (FV) = 63000 Interest rate (r) = 9% Number of annual payments (n) = 4

Q: Two payments of $12,000 and $3,500 are due in 1 year and 2 years, respectively. Calculate the two…

A: 1.The size of the two equal payments is $8,629.28  2.t = 3.62 years  3.r = 8.76%Explanation:Step…

Q: Equal deposits are made into a sinking fund at the end of each year for seven years. Interest is…

A: A sinking fund is a fund set up to pay off future debt. A fixed amount is put in at regular…

Q: Sean's investment of $81,400.00 in a fund matured to $155,777.80 in 8 years. If the interest in the…

A: The periodic interest rate refers to the return that the investment provides for each period. The…

Q: Lindsey made equal deposits at the beginning of every 3 months into an RRSP. At the end of 9 years,…

A: Compound = Quarterly = 4Time = t = 9 * 4 = 36Future Value = fv = $50,000Monthly Compound Interest…

Q: F1

A: The objective of this question is to calculate the internal rate of return (IRR) on an investment…

Q: 124 0.4950495 0.4926108 0.4901961 0.4854369 0.4807692 0221 0.3267547 0.3235304 0.3203485 0.3141098…

A: We have to find out future value FACTOR of annuity and find out quarterly payment.

Q: Bright Inc. will be receiving $5,400 at the end of every month for the next 2 years. If these…

A: Future value of money is the amount of deposit made and amount of interest accumulated on that…

Q: Find the amount of each payment to be made into a sinking fund earning 7% compounded monthly to…

A: Future value (FV) = $39,000 Interest rate = 7% Monthly interest rate (r) = 7%/12 =…

Q: In order to accumulate $500,000 after 25 years, calculate the amounts that must be invested at the…

A:

Q: monthly. After this period, the accumulated money was left in the account for anothe same interest…

A: Introduction: Future Value refers to the investment value to be received at a constant growth rate.…

Q: Commencing January 1 2022 Narelle plans to deposit $500 at the beginning of each month into an…

A: Given the following:  Periodic deposit, P = $500 Interest rate from 1 January to 30 June, r1 = 2.62%…

Q: Bank ZLX is marketing their new fund by noting that a fixed $320 monthly deposit in their fund…

A: Future value of annuity Annuity is a series of equal fixed payment at equal interval over the…

Q: Shane invested $11,000 in a fund earning 5.5% compounded monthly. He will withdraw $800 from the…

A: Given, Shane invested $11000 in a fund earning 5.5% compounded monthly at the end of first 4 years…

Q: At the end of every six months for 20 years, it gains value with an annual effective interest rate…

A: In this we have divide whole into two parts. and find out future value at the end of 20 years.

Q: A sum of 50,000 deposited in a fund which will earn 12% compound semiannualy for the first 5 years…

A: Computation of the amount that will be received after 12 years is shown below:

Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: Create a complete sinking fund schedule and calculate the total payments and interest earned needed…

A: Future value=$9000Interest rate=5%Period one year=1Quarterly interest rate=r=5/4=1.25%Quarterly…

Q: 12. Keys Company has a target of establishing a fund of $50 000. If $10 000 is deposited at the end…

A: Future value refers to the compounded value of the cash flow or annuity after a given period at an…

Q: If 1000 pesos was deposited in a fund at the beginning of each 3 months for 10 years and money is…

A:

Q: Fund A is invested at an effective annual interest rate of 5%. Fund B is invested at an effective…

A: The effective annual interest rate is the rate that a security/fund generates for the investor…

Q: quarterly. Find the amount available in this fund after 10 years

A: Future Value refers to the value of investment to be received in the future at a constant growth…

Q: Deposits of 10 are placed into a fund at the end of each year for 18 years with the first deposit…

A: The time value of money is the idea that the value of money received today will be more worthy than…

Q: If $90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of $23,138.32…

A: solution: Let interest rate earned = i Annual withdrawls = $23,138.32 Amount invested (Present value…

Q: What is the accumulated value of periodic deposits of $6,000 made into an investment fund at the…

A: Solution:- When an equal amount is deposited each period at beginning of period, it is known as…

Q: t the beginning of the year, an investment fund was established with an initial deposit of 500 . A…

A: The dollar-weighted return is the return that is earned on the investment amount during the period.

Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

A: An amount of money set aside by an organization (such a government or business) specifically for the…

Q: Bright Inc. will be receiving $5,500 at the end of every month for the next 2 years. If these…

A: The objective of this question is to calculate the future value of a series of monthly payments…