An engineer who is saving for her retirement plans to deposit $500 every semiannually, starting after six months from now, into an investment account. If the account pays interest at 12% per year, compounded quarterly, the total she will have at the end of 25 years is closest to: (Draw the Cashflow)

Q: Abby has decided to invest $60 at the end of each month into a retirement plan that has an annual…

A: Computation of the money that will be saved by Abby at the completion of 8 years is shown:

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A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: An insurance settlement of $1.5 million must replace Trixie Eden's income for the next 35 years.…

A: Present value (PV) = $1,500,000 Interest rate = 7.5% Monthly interest rate (r) = 7.5%/12 = 0.625%…

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A: The future value is the value of an asset at a certain time in the future.

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A: The present value is the value of the sum received at time 0. It is the current value of the sum…

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A: Future value of annuity , FV= P * ( (1+r)^t -1) /rwhere P =$12,000r=0.10t=30 yearsFV =?

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A: An annuity is a financial product that provides a series of regular payments to an individual over a…

Q: I want 800000 for retirement in 25 years. How much would she need to deposit into the account each…

A: Future value (FV) = 800,000 Period = 25 Years Number of monthly deposits (n) = 25*12 = 300 Interest…

Q: d. Ja d. 1

A: In this question future value when deposits are made at the beginning as well when deposits are made…

Q: wise mechanical engineering graduate began saving money for early retirement by depositing $1300 per…

A: Future Value refers to the compounded value of future cash flows at a specified interest rate.

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A: Future value refers to the value of a current asset at some future date affected by inflation and…

Q: Kelly Malone plans to have $53 withheld from her monthly paycheck and deposited in a savings account…

A:

Q: Ms. Montanye plans to make 20 quarterly deposits of $200 into a savings account. The first deposit…

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A: Using excel PV function

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A: Annuity refers to series of equalized payments that are either made at end or start of specified…

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A: The future value of an investment forecasts the expected value of an investment at a given future…

Q: An insurance settlement of $2.5 million must replace Trixie Eden's income for the next 25 years.…

A: We use PMT function to calculate monthly income

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A: Given information: Investment every 6 months : $1,600 Time period : 25 years Rate of interest : 8.2%

Q: An engineer plans to deposit $3000 at the end of each year into a retirement account that pays 4%…

A: FV =P x [(1+r)n - 1] / rWhere: FV = Future value P = Amount deposited each year r = Interest rate…

Q: An engineer planning for her retirement will deposit 15% of her salary each year into a stock fund.…

A: The future value is the amount that will be received at the end of a certain period. In simple…

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Q: How much will be in Sarah’s account in 10 years if she deposits $5000 in an account that pays 10%…

A: the balance in the account will be the amount deposited along with the interest accrued over the…

Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…

A: The monthly deposit is $250. Interest per months is (9% ÷ 12) = 0.75%. The formula to calculate…

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A: Given Periodic Cash flow = $ 53 Table values are based on  n = 18 periods   (1.5 yrs *12) i= 1% (12%…

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A: Honor code: Hi, there, thanks for posting the question. As per our Q&A honor code, we must…

Q: Kelly Malone plans to have $55 withheld from her monthly paycheck and deposited in a savings account…

A: Time value of money is a concept where interest component for time period considered. This have both…

Q: compounded monthly. If Malone continues with her plan for one and one-half years, how much will be…

A: Time value of money is a concept where interest component for time period considered. This have both…

Q: In an effort to save money for early retirement, an environmental engineer plans to deposit $1200…

A: Given information: Monthly deposit of $1,200 for every 6 months Interest rate of 8% per year Number…

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A: The question is based on the concept of Financial Management. Annuity refers to the series of equal…

Q: Karen wants to have $22,559 in her investment account in 5 years. If her bank offers an annual…

A: Following details are given in the question : Future value = $22559 Time period = 5 years Interest…

Q: Sara deposits $500 per month into an annuity. The annuity earns 5% interest.compounded monthly. If…

A: Future Value of Annuity: It represents the total expected value of the current stream of annuity…

Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…

A: We have a question that involves the application of time value of money concept, sequentially. We…

Q: A student wants to save for her retirement. At the end of every year, she deposits 475 in a…

A: Annual Deposit = a = 475Rate of Return = r = 4.3%Time = t = 30 Years

Q: You have finished your time at Kelley and need to start thinking about retirement. You plan on…

A: Given: amount required after retirement at every six months = $75,000 Period of service = 30 years…

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A: We need to use future value of ordinary  annuity  formula to calculate monthly payment PMT =…

Q: Mr. Gordon plans to invest $400 at the end of each month in an account that pays 6%, compounded…

A: V = Future value = $ 30,000         c = Periodic  deposit = $ 400         r = rate of interest…