How much must be deposited today into the following account in order to have a $135,000 college fund in 15 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 7.64%
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How much must be deposited today into the following account in order to have a $135,000 college fund in 15 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 7.64%
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- How much must be deposited today into the following account in order to have a college fund in 11 years? Assume no additional deposits are made. $ 125,000 An account with monthly compounding and an APR of 2.25% $ should be deposited todayAnswer the Situation below correctly show your complete solution. A deposit of 120 000.00 Php is placed into a college fund at the beginning of every month for 10 years . The fund earns 9 % annual interest , compounded monthly , and paid at the end of the month . How much is in the account right after the last deposit ? c . The number of conversion period is_____________________________.d . The interest rate per period is___________. e . The present value of the deposit is___________. (I just need the Solution) Answers: c. 12; d. 0.075; e. 30 000.00 PhpYou are making $5,000 monthly deposits into a fund that pays interest at rate of 6% compounded monthly. What would be the balance at the end of the 15 years? please calculate the question using excel.
- How much must be deposited today into the following account in order to have a $135,000 college fund in 13 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 3.16% should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)A college savings fund is opened with a $12,000 deposit. The account earns 6.55% annual interest compounded continuously. What will the value of the account be in 18 years? $26,704.29 $38,704.29 $27,013.46 $39,013.46 . By formula only please correct ansFind 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. 4) $8900; money earns 5% compounded annually; 13 annual payments Please show all workings step by step.
- If you deposit $500 per year in an account for six years at 9 percent compounded annually, how much will you have in the account? Round your answer to the nearest dollar. $3,270 Give typing answer with explanation and conclusionA fund is to be set up for an annual scholarship of $5000. If the first payment is due in three years and interest is 6.2% compounded quarterly, what amount mis be deposited in the scholarship fund today?If you want an account balance of $10,000 after 5 years, what amount do you need to invest initially into an account that earns an APR of 3% with quarterly compounding?
- A scholarship fund is to be set up to provide monthly scholarships of $600. If the first payment is due in 3.0 years and interest is 6.0% compounded quarterly, what sum of money must be deposited in the scholarship fund today?How much money should be on the account today in order for annually withdrawals of $100.00 to be made for the next five years if interest is 8% p.a. compounded annually? Answer:How much should be deposited now into an account earning 8.4% interest per year, compounded every 6 months, in order to fund withdrawals from the account in the amount of $1500 at the end of each 6 month period for the next 9 years? The account is to be empty after the last withdrawal is made. Round to the dollar and do not include $ sign in your answer just the number