Ben invested P5000 in a fund at the beginning of every month for five years. The fund earning an interest rate of 5% compounded monthly. What was the total amount invested? a. None of the above b. P266, 057.50 c. P99, 378.77 d. P22, 729.75

Q: 4. Kelly deposited $10,500 into a fund at the beginning of every quarter for 13 years. He then…

A: Compound Interest is method of computing interest where compounding is done. Compounding refers to…

Q: A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is…

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

Q: In order to meet some future liabilities, a company makes the following series of regular…

A: Given information : First three year payments made in every 4 months  13633 Second four year…

Q: Red Company invested $10,000 in a fund that was earning interest at a rate of 3.00% compounded…

A: The future value is the future worth of the amount that will be paid or received at future.

Q: Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year,…

A:

Q: Sue has contributed $2,843.00 every three months for the last 11 years into an RRSP fund. The…

A: Future value of the money include the amount being deposited and amount of compounding interest…

Q: Rebecca made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years,…

A: Solution: An amount deposited at beginning of every period is known as annuity due. So, future value…

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: Jacqueline invested $51,400 in a mutual fund at 3.2% compounded monthly. After two years the…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: John freeman is investing $8,592 at the end of each year in a fund that earns 3% interest. in how…

A: Amount invested in investment gives interest. After the maturity of investment, amount invested and…

Q: Mr. Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to buy…

A: When an investor makes regular periodic deposits in an investment, this is known as an annuity. The…

Q: Mr. Velasquez invests P 2,500 at the end of each 6 months to a fun Paying 8 % % compounded…

A: Semiannual deposit (S) = P 2500 r = 8.75% per annum = 4.375% semiannually

Q: Juan invested an amount of $16,000.00 in a mutual fund. After 3 years and 6 months the accumulated…

A: Invested Amount  $                          16,000.00 Future Value  $…

Q: wo years from now. My Orly needs P32,000 to liquidate a certain debt. If money is worth 5%…

A: Time Period = 2 years * 4 = 8 quarters Interest Rate = 5%/4 = 1.25% per quarter Future Value…

Q: Cincinnati Company has decided to put $30,000 per quarter in a pension fund. The fund will earn…

A: Quarterly payment is $30,000. Maturity period is 10 years. Rate of interest is 6%. Compounding…

Q: Marigold Corp. deposits $12000 in a fund at the end of each year for 5 years. The fund pays interest…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: The sum of $159,760 is invested at 5.5% compounded monthly for four years. After the four years, the…

A: The present value of annuity refers to the current value of future annuity payments to be paid at a…

Q: Noor made 5 annual deposits into a fund that paid 10% compound annual interest. Her first deposit…

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

Q: Hugh invests 1000 in a fund on January 1. On May 1, the fund is worth 1,100 and 600 is withdrawn. On…

A: Simple interest is the interest paid or computed only on the principal amount of money. The amount…

Q: Alex receives level payments at the beginning of each year for 5 years. He deposits the payments…

A: Reinvestment is the practice of using dividends, interest, or any other form of the income…

Q: 7. Manolo deposited P 120 000 in a fund that pays 5% compounded annually for the first 3 years, 4 ½%…

A: Interest is a value which is received on a deposited amount for the period. It increases the value…

Q: Austin invested $22,500 in a mutual fund at 4.6% compounded annually. After 4 years, the interest…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: Cameron invested an amount of $18,000 in a mutual fund. After 4 years and 9 months the accumulated…

A: Given,  Present value = $18,000 Future value = $21,473.05 Time period = 4 years and 9 months.

Q: John made a deposit of 4400 into a fund ot the þeginning of each year for 16 years. At the end of 16…

A: FV of annuity = Payment * (1+i)n-1i

Q: Your company has decided to set up a fund for its employees with an initial payment of Rs 27,500…

A: a.Calculate the size of the fund as follows:

Q: A trust fund is to be formed by depositing #4766 twice a year for 7 years in a bank that promises to…

A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…

Q: 7. A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is…

A: Quarterly deposit (P) = P 30,000 Interest rate = 12% Quarterly interest rate (r) = 12%/4 = 3% Period…

Q: Mr. Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to buy…

A: An annuity is the total of all periodic payments or investments made at a fixed rate over a certain…

Q: Kyle invested money in a mutual fund for ten years. The interest rate on the mutual fund was 3%…

A: Accumulated Value at the end of 10 years "FV" is $41,788.50 Interest rate for first 5 years is 3%…

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

A: Quarterly payment is $30,000. Maturity period is 10 years. Rate of interest is 6%. Compounding…

Q: Bi-monthly deposits of 16,000 are made to accumulate a fund at the end of 8 years. Round off final…

A: Here, Bi- Monthly Deposit is $16,000 Time Period of Deposit is 8 years Note: Here, it is not clearly…

Q: Morgan Freeman is investing $9,069 at the end of each year in a fund that earns 5% interest. In how…

A:

Q: Sheila started to deposit P18,000 semi-annually in a fund that pays 5% compounded semi-annually. How…

A: Semiannual deposit (D) = P 18000 r = 5% per annum = 2.5% semiannually n = 10 years = 20 payments

Q: Chris Freeman is investing $9,704 at the end of each year in a fund that earns 5% interest. In how…

A: The amount is invested at the end of each year so it is ordinary annity

Q: How much should GlassilueCat invest in a fund to be able to withdraw $22.000 at the end of every 3…

A: Present Value  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: Year Deposit ($) 4,000 3,500 2,500 2,000 1,700 $13,700 12345

A: Growth each year = 11% Future Value factor for growth = (1+11%)^years of investment for 1st deposit…

Q: Aling Paring started to deposit P2,000 quarterly in a fund that pays 5.5% compounded quarterly.-…

A: The question gives the following information:

Q: What is the accumulated value of periodic deposits of $5,000 made into an investment fund at the…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: May deposits PhP 20,000 into a fund at the beginning of nd of 15 years, she makes an additional…

A: The present value of the future payments to be received will give the the future value of payments…

Q: Suppose you make equal quarterly deposits of $2,500 into a fund that pays interest at a rate of 5%…

A: Time value of money (TVM) refers to the method used to measure the amount of money at different…

Q: Ahmad is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded…

A: We need to calculate future value of an ordinary annuity. here annuity is a monthly deposit of…

Q: Mary Stahley invested $3500 in a 48-month certificate of deposit (CD) that earned 9.5% annual simple…

A: Solution Concept Simple interest is calculated on the beginning principle and no interest is charged…

Q: 240,000 will be deposited in a fund at the beginning of each six months for 5 yrs. Using 11% as the…

A: Here the concept of annuity will apply. This is the case of an annuity due as the payments are made…

Q: Trey invested $27,700 in a mutual fund at 4.1% compounded quarterly. After 2 years, the interest…

A: The company uses the futures value method for the purpose of calculating the value that is going to…

Q: Red Company invested $20,000 in a fund that was earning interest at a rate of 3.00% compounded…

A: Answer a:- The future value of an investment is calculated using the following formula:- Future…

Q: 1. Mark started to deposit P18,000 semi-annually in a fund that pays 5% compounded semi-annually.…

A: