Please answer fast i give upvote Franklin's investment fund had a balance of $270,000 on January 1, 1995 and a balance of $449,000 two years later. The amount of interest earned during the two years was $34,000, and the annualyield rate on the fund was 5.4%. Estimate the (dollar-weighted) average date of contributions to the account. (Round your answer to the nearest integer.)The average date of payment isdays after January 1, 1995.

Average date of payment refers to the date at which the amount owed to be paid by the borrower to…

Answered: Franklin's investment fund had a…

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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On January 1, 2018, you deposited $5,500 in a savings account. The account will earn 8 percent annual compound interest, which will be added to the fund balance at the end of each year. Required: 1. What will be the balance in the savings account at the end of 7 years? 2. What is the total interest for the 7 years? 3. How much interest revenue did the fund earn in 2018 and in 2019? Show Transcribed Text
Payments of $4,000 are made into a fund at the beginning of each year for ten years. The fund is invested at an annual effective rate of i. The interest generated is reinvested at 13%. The total accumulated value at the end of the ten years is $110,000. Find i. (Round your answer to two decimal places.)
In January 1977, 100 $ was invested at 3% annual compound interest. In the following years, 200 $ each was deposited within the scope of 1 January 1987. The purpose of depositing funds into the fund is to receive payments from January 1, 1990 to January 1, 1995. What is the amount of payments between 1990-1995?
On January 1, you deposited $6,000 in an investment account. The account will earn 10 percentannual compound interest, which will be added to the fund balance at the end of each year.Required (round to the nearest dollar):1. What will be the balance in the account at the end of 10 years?2. What is the interest for the 10 years?3. How much interest revenue did the fund earn in the first year? the second year?
Sue has contributed $2,843.00 every three months for the last 11 years into an RRSP fund. The interest eamed by these deposits was 9% compounded quarterly for the first 5 years and 6% compounded quarterly for the last 6 years. How much money is currently in the RRSP? The balance is $ (Round the final answer to the nearest cent as needed. Round intermediate values to four decimal places as needed.).
Deposits of $6000 are put into a fund at the end of each month for the next 9 years. At the end of the 9th year, month payments from the fund commence, and continue forever. If i, = 6.71 %, find the size of these payments. Answer: 4966.24
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. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Complete the table, rounding each entry to the nearest cent. (Do not include the $ symbol in your answers.) Periodic Payment Interval Number Payment Interval Interest Increase in Payment (Beginning) Balanye at End of Payment Interval Fund i=5.9% 1 2. 3. 4. Enter your answer in each of the answer boxes
You deposit $600 today into a fund that you intend to leave invested for 6 years. The fund earns 6% interest compounded annually. Indicate the inputs to be entered into the financial calculator keys. What is the value of the fund to be accumulated at the end of year 6? (Round future value answer to two decimal places (e.g., 52.75) and interest rate to one decimal place (e.g., 527.5).) Inputs Calculator N Keys Future value $ 6 I 6 PV 600
Shawn made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years, the fund had an accumulated value of $55,000. If the RRSP was earning 2.25% compounded monthly, what was the size of the quarterly deposits? $1,202.18 (x) $1,222.80 Round to the nearest cent
Juliana has contributed $1,958.00 every six months for the last 11 years into an RRSP fund. The interest earned by these deposits was 6% compounded semi-annually for the first 4 years and 8% compounded semi-annually for the last 7 years. How much money is currently in the RRSP? The balance is $. (Round the final answer to the nearest cent as needed. Round intermediate values to four decimal places as needed.)
deposited $11,500 into a fund at the beginning of every quarter for 15 years. She 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?
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

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