If Luis Jimenez makes annual deposits of $1,000 into a savings account for 30 years, how much will be in the fund immediately after his last deposit if the fund pays 6% interest compounded annually?

Q: What lump sum do parents need to deposit in an account earning 10%, compounded monthly, so that it…

A: Two questions appear on the board. They are unrelated and are not sub parts. Hence, only the first…

Q: New parents wish to save for their newborn's education and wish to have $46,000 at the end of 17…

A: Computation of yearly payment:Hence, the yearly payment is -$1,682.02.

Q: Juan invested $10,500 into a fund earning 7.50% compounded monthly. She plans to withdraw $700 from…

A: Working note for calculations. Note for Converting Quarter into years:- Number of year to deplete =…

Q: Suppose Mrs. Aquino would like to save Php 400 at the end of each month, for six months in a fund…

A: In the given question Php 400 will be deposited at the end of each month for 6 months. The amount…

Q: a. A pension fund has to pay out $750,000 to the retirees at the end of every month for the next 50…

A: Time value of money (TVM) refers to the method or concept which is used to determine the amount of…

Q: Aylene is preparing for an income fund for her retirement. She wants to receive 15,000 pesos…

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

Q: What is the amount of the payments that Tom Brokaw must make at the end of each of 8 years to…

A: Amount required = $70,000 Interest Rate(r) = 8% Years(n) = 8 Let Annual Payments = P

Q: .The Janus Enterprise fund has as of April 2013 a 10-year average return of 12.54%. If Bobby Sue…

A: Future Value of Annuity = Annuity * [ ( 1 + Periodic rate)number of periods - 1 ] / Periodic rate

Q: Jane decides to make 5 end-of-year deposits of $10,000 into a fund starting one year from now. 6)…

A: Calculate the amount at the end of 5 years as below: Resultant Table: Hence, amount at the end of…

Q: You deposit $13,000 annually into a life insurance fund for the next 10 years, after which time you…

A: The future value is the value of the amount in future that has to be paid or received at future.

Q: Yarianny wants to withdraw $25,000 annually starting today for the next 20 years and will increase…

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

Q: Clearlake Optical has a $50,000 note that comes due in 5 years. The owners wish to create a sinking…

A: In this question, we need to compute the semiannual deposit amount in the sinking fund. A sinking…

Q: New parents wish to save for their newborn's education and wish to have $37,000 at the end of 18…

A: Given  P=$37,000 r= 7.8% n=1 t=18 years

Q: Jean-Rene wants to make a lump-sum deposit today such that at the end of every three months for the…

A: Given Information: Interest rate = 8.75% compounded semi-annually Lump-sum payment = $10,000 Payment…

Q: Jami Minard wants to receive an annuity of $5,000 at the beginning of each year for the next 10…

A: Periodic Payment = $5,000 Time Period = 10 years Interest rate = 7%

Q: How much must a man place in a fund at the end of each month in order to have P12,500 at the end of…

A: Let the monthly payment = X Future value of annuity = P 12500 Interest rate = 7% per annum Duration…

Q: Troy Long wishes to deposit a single sum of money in a savings account so that five equal annual…

A: A payout annuity is the type of annuity where a regular amount is withdrawn from the account.…

Q: How much money should Abigail invest today into a fund that earns interest at 3.75% compounded…

A: Since interest rate is compounded quaterly and payment of annuity is made semi annually, we need to…

Q: Manuel is preparing for an income fund for his retirement. He wants to receive P 15 500 at the…

A: Let the amount to deposit now = X Monthly payout (M) = P 15500 n = 25 years = 300 months r = 10.5%…

Q: If I would like to have $250,000 in my savings account after making contributions for 30 years, what…

A: Present Value = Monthly Contributions * PVAF ( Monthly Rate, number of Months )

Q: Whitney deposited $200,000 into a savings account that has an annual interest rate of 8% compunded…

A: Interest is an extra amount which is received or paid on deposited or borrowed amount for the…

Q: Beginning a year from now, Bernardo O’Reilly will receive $20,000 a year from his pension fund.…

A: Present value is the current worth of future payments from the specific investment.…

Q: If ₱17,000 is deposited at the end of each year for 16 years in a bank that give 7% interest per…

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

Q: Mr. Handsome would like to accumulate $1 million in his pension fund. If the annual interest rate is…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: You need to have 80,000 at the end of 7 years. To accumulate this sum, you have decided to save a…

A: Time Period = 7 years Future Value Required = 80,000 End of period deposits Interest Rate = 11%…

Q: What amount should you invest quarterly for 30 years in a fund that earns 8% compounded quarterly,…

A: Time period = 30 years  Interest rate = 8% Future Value = P5,000,000

Q: How much money should Jason invest today into a fund that earns interest at 4.50% compounded…

A: Present Value  =  [Payment / Interest rate] * [1 – (1/( 1 + interest rate )n)] Interest rate  =  APR…

Q: How much money should Zachary invest today into a fund that earns interest at 5.75% compounded…

A: Using the Time value of money and effective interest rates formula in excel

Q: Clearlake Optical has a $50,000 note that comes due in 6 years. The owners wish to create a sinking…

A: Sinking fund is a fund where individuals set a side certain sum of money on a regular basis for…

Q: Ted Houser wishes to accumulate a fund of $40,000 for the purchase of a house and lot. He plans to…

A: The computations as follows: While considering the table of future value of annuity, it can be…

Q: how much money will have accumulated at the end of the 10-year period

A: Future Value of Annuity: It is the future worth of a series of cashflows/payments compounded over a…

Q: The PUR Foundation deposits $2,500,000 today in a fund earning 6% APR compounded monthly.  What will…

A: Deposit Amount (PV) is $2,500,000 Interest Rate (r) is 6% Time Period (n) is 10 years  Compounding…

Q: Tuck Hardware Store will have $30,000 payment due in 5 years. How much would they need to invest…

A: Computation:

Q: What lump sum do parents need to deposit in an account earning 10%, compounded monthly, so that it…

A: As per our guidelines we are supposed to answer only one question (if there are multiple questions…

Q: deposits

A: Introduction: The term annuity refers to series of payments which are made at intervals. Examples of…

Q: Henry Quincy wants to withdraw $30,000 each year for 10 years from a fund that earns 8% interest.…

A: How much must he invest today if the first withdrawal is at year-end? The present value of ordinary…

Q: a. Peter started to deposit P5,000 monthly in a fund that pays 1% compounded monthly. How much will…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: You are saving up for a down payment on a house. You will deposit P600 a month for the next 24…

A: Future value means the value at some future point of time. The future value can be calculated of an…

Q: Jami Minard wants to receive an annuity of $5,000 at the beginning of each year for the next 10…

A: Using the present value function in excel

Q: A man has deposited ₱50 000 in a retirement income plan with a local bank. This bank pays 9% per…

A: The provided information are: Deposit = 50,000 Rate of interest = 9% = 0.09 Time period = 12

Q: A young couple wants to have a college fund that will pay $40,000 at the end of each half-year for 8…

A: Time value of money refers that, a sum of money today has more value than the same amount received…

Q: Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly. How…

A: Note: We are providing the solution of question no.1 as specified in the first line of the question.…

Q: I want to accumulate %500,000 in a savings account in 20 years. If the bank pays 6% compounded…

A: For above question, we have to calculate principle amount or present value of amount to be invested…

Q: You planned to retire after 20 years your goal is to create a fund that will allow you to  receive…

A: first we will calculate the present value of the retirement fund and then use the amount as future…