How much must she invest today to achieve this goal?

Q: You want to endow a scholarship that will pay $ 8 comma 000$8,000 per year​ forever, starting one…

A: We are given the following data -Annual payment (C) = $8000Discount rate (r) = 4% or 0.04(i) Amount…

Q: Suppose someone wants to accumulate $45,000 for a college fund over the next 15 years. Determine…

A: The future value of an annuity represents how much a series of regular payments will be worth at a…

Q: Ethan wants to set up a fund for his son's education such that he could withdraw $2,982.00 at the…

A: Quarterly withdrawals (P) = $2,982.00 Period = 6 Years Quarterly period (n) = 6*4 = 24 Interest rate…

Q: Your parents are planning to retire in 20 years. They currently have $1,000,000 and they would like…

A: Time = t = 20Present value = pv = $1,000,000Future Value = fv = $5,000,000

Q: John wishes to take out a loan for $4000. The interest rate on this loan would be 12% per annum and…

A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Q: Rase High School wants to set up a scholarship fund to provide five $3,000 scholarships for the next…

A: Hi, since you have posted multiple questions, I will answer the first one only, as per the…

Q: 0. Dale wants to invest money in a 6% CD account that compounds semiannually. Dale would like the…

A: The concept of time value of money will be used and applied here.As per the concept of time value of…

Q: You want to endow a scholarship that will pay $13,000 per year forever, starting one year from now.…

A: We need to donate the amount equal to the present value of future scholarship payments, since the…

Q: 4. Mike wants to invest money every month for 30 years. He would like to have $500000 at the end of…

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

Q: Use the following to answer 19-20: You are going to receive a $16,000 scholarship at the end of 3…

A: "As per the Q&A guidelines, if multiple questions are asked at once then the answer for the…

Q: Julia Monroe wants to create a fund today that will enable her to withdraw $26,400 per year for 8…

A: Formula:Present value (PV) = Payment amount (PMT) * [1 - (1 + Interest rate)^(-Number of periods)] /…

Q: How much money should Prisha invest today in a fund that earns interest at 4.02% compounded…

A: Here, Semi Annual Payment (PMT) is $7,750 Interest Rate (r) is 4.02% Compounding Period (m) is…

Q: Your goal is to create a college fund for your child. Suppose you find a fund that offers an APR of…

A: Annuity is a series of cash flow in which the cash flow occurs at a regular interval of period.Here…

Q: Your girlfriend just won the Florida lottery. She has the choice of $40,000,000 If the mutual fund…

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

Q: You want to create a college fund for a child who is now 4 years old. The fund should grow to…

A: Step 1 Present Value A future sum of money or stream of cash flows' present value, or PV, is their…

Q: FUTURE VALUES Su Mei’s parents want to put enough money aside for her education by the time she goes…

A: Future values refer to those values that are calculated by using the present cash flows. An investor…

Q: Question 1…

A: Effective annual rate  The genuine interest rate on an investment or loan is the effective yearly…

Q: uppose someone wants to accumulate ​$55,000 for a college fund over the next 15 years. Determine…

A: We have; Amount to accumulate as $55000 Time period as 15 years Amount deposited per month is $60…

Q: A scholarship provider has $500,000 which she will invest today to fund a scholarship forever. She…

A: Present value of annuity due = (Annual scholarship payment / Interest rate) + Annual scholarship…

Q: 10) IF YOU WANTED TO SAVE FOR YOUR EDUCATION FOR YOUR KIDS AND YOU WILL NEED $45,000 IN 5 YEARS.…

A: Future value refers to the value of an amount after a certain time period, after taking into account…

Q: Holly wants to have $250,000 to send a recently born child to college. She sets up a 529 plan and…

A: Future value (FV) = $ 250,000 Annual interest rate (R) = 6% Number of annual investment (N) = 17…

Q: What does Shelley need to save monthly to make sure she is on track to reach her retirement goal of…

A: the correct answer is:c. $681 Explanation:To calculate the monthly savings required to reach…

Q: Mr. Bienvenido Bautista needs a fund of Php1,000,000 to renovate his house. To provide for this, he…

A: It can be calculated using =NPER(rate,pmt,pv,[fv],[type]) Rate The interest rate for the loan. Nper…

Q: Julia Monroe wants to create a fund today that will enable her to withdraw $27,700 per year for 8…

A: The amount that is required to be invested today can be found by discounting the amount of…

Q: Martin and Marcy McCormack have just become proud parents of septuplets. They have savings of $5000.…

A: Present value is an estimate of the present value of future cash values ​​that may be received at a…

Q: You want to create a college fund for a child who is now 4 years old. The fund should grow to…

A: The lumpsum amount to be deposited is the present value of the future funds needed. This is the…

Q: Theresa figures she needs $200,000 in ten years to pull off an early retirement to an undisclosed…

A: The future value of the annuity is the total value of all the payments which is occurred regularly…

Q: You would like to establish a trust fund that would provide annual scholarships of $100,000 today…

A: Present value is the equivalent value of money today based on the time value of money and interest…

Q: month into a fund that earns interest at 4.50% compounded m a. How many deposits does she need to…

A: Future value of annuity includes the amount being deposited and compounding interest accumulated…

Q: answer using TVM calculations and formulas Today Dante and Sharon had their first child. All of the…

A: Initial deposit (I) = $23,000 Monthly interest rate (r) = 0.00266666666666667 (i.e. 0.032 / 12)…

Q: year for 20 years in a f

A: Answer :Future value of an annuity due = Payment * [(1+Rate)^time - 1)/rate)*(1+rate) Future value…

Q: what amount should she deposit now?

A: Present Value is the value of a cash flow at the current time. The value of money multiplies with…

Q: You want to create a college fund for a child who is now 3 years old. The fund should grow to…

A: given data  future value = 60,000 time period = 15 years interest rate = 6% discounting to find…

Q: Serena Monroe wants to create a fund today that will enable her to withdraw $31,3 take place 5 years…

A: Time value of money is a financial concept which is used to calculate the value of money in present…

Q: Question 6

A: 1: Here FV is $2.3 million i.e. $ 2,300,000R is 7% and n is 34 So:  FV  = PV*(1+r)^nOr $2,300,000 =…

Q: You want to establish an Endowment to provide scholarships for MU, Business students. You want to…

A: We need to calculate value of endowment by using this formula Amount need to invest =Payment for…

Q: Bill wants to give Maria a $600,000 gift in two years. If money is worth 10% compounded…

A: the present value (PV) of a future sum of money or stream of cash flows is the value of that sum or…

Q: Sally Monroe wants to create a fund today that will enable her to withdraw $26.400 per year for 8…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

Q: Karen White, a lottery winner, will receive the following payments over the next seven years. She…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: What sum of money must be deposited in a trust fund to provide a scholarship of $1550, quarterly for…

A: A scholarship perpetuity refers to a scholarship that is paid out indefinitely or perpetually,…

Q: D Listen Ms. Spencer just retired with $360,000 in her retirement account. Assuming that can earn…

A: in this you have to calculate present value FACTOR and from that we can get months required.