In an effort to save money for early retirement an environmental engineering collegue plans to deposit PHP. 1,200 per month starting this month rate account pays 8% per year how much will be the account at the end of 25 years?
Q: Choi Home Repair needs to accumulate $22,000 in 6 years to purchase new equipment. What sinking fund…
A: In the given question we require to calculate the sinking fund payment choi home repair need to make…
Q: A deposit of 120 000.00 Php is placed into a college fund at the beginning of every month for 10…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: A company wants to have $20,000 at the beginning of each six month period for the next 4 1/2 years.…
A: Using excel PV function
Q: Under a new company employees savings plan, an employee will pay P 250 at the beginning of each…
A: Future Value The future value is the amount that will be received at the end of a certain period.…
Q: Approximately how much must be saved for retirement in order to withdraw $100,000 per year for the…
A: The future value is the amount that will be received at the end of a certain period. In simple…
Q: To save money for a new house, you want to begin contributing money to a brokerage account. Your…
A: Calculation of value in brokerage account in nine years:Firstly, convert 9% return into quarterly…
Q: A technology company deposited $93,900 into an account for quarterly scholarships to be awarded to…
A: The present value method is used to measure the profitability of a project by adding up discounted…
Q: Victoria Industries (VI) plans to accumulate funds for the purchase of a larger manufacturing…
A: Here, Monthly Contribution is $10,000 Time Period is 7 years Interest Rate is 4.5% Compounding…
Q: One university needs some maintenance. The owner of the university decides to deposit $400000 in an…
A: Present worth can be calculated as below Present worth = Cash flow / (1+r)^n It can also be…
Q: A business tycoon is planning to provide a scholarship to one deserving student that will provide a…
A: Given: Monthly allowance = P3,000 Interest rate = 12%
Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…
A: Calculation of amount at the end of 25 years is shown below: Hence, Amount to be received at the…
Q: We are considering the effects of starting early or late to save for retirement. Assume that each…
A: Future Value $ 9,50,000.00 Interest Rate 6% Time for Graduation 33 Time to…
Q: A person is planning to open a retirement account. He plans is to deposit $1,000 per month for next…
A: Periodic Deposit = $1,000 Time Period = 45 Years
Q: Most people prepare for retirement by depositing money into a monthly or annual savings plan. An…
A: An annuity is a stream of equivalent periodic cash flows over a specific time duration. The future…
Q: You plan to prepare for retirement by making monthly contributions $1,500 to a savings account that…
A: Accumulated savings is defined as the savings, which amount for putting the back or investment each…
Q: The truck that we will use in our business costs $100,000. 10% of this cost will be paid as a down…
A: Loan amortization is the process of reimbursement of loan periodically by the borrower of the loan…
Q: A local Dunkin’ Donuts franchise must buy a new piece of equipment in 4 years that will cost…
A: Future value required (FV) = $81000 Interest rate = 16% Quarterly interest rate (r) = 16%/4 = 4%…
Q: Rudy Anne wants to buy new farm equipment costing P350,000 making a down payment of P50,000. The…
A: In the context of the given question, we are required to compute the monthly amount of payments.…
Q: An engineer who is saving for her retirement plans to deposit $500 every semiannually, starting…
A: Semi Annual Deposit = 500 End of period deposits Nominal Rate = 12℅ Quarterly Compounding N = 25…
Q: Use the formula for the value of an annuity to solve:To offer scholarship funds to children of…
A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…
Q: A man is planning to retire in 20 years. He can deposit money for his retirement at 8% compounded…
A:
Q: Many persons prepare for retirement by making monthly contributions to a savings program. Suppose…
A: Given: Amount = $2,400 Interest rate = 8% Years = 28
Q: A local retail franchise must buy a new piece of equipment in 6 years that will cost $89,000. The…
A: Payment per period can be calculated using PMT function in excel. PMT(rate, nper, pv, [fv],…
Q: Rendon Labrador, a focus-oriented person, is creating a bank retirement account. By the time he…
A: Given, interest rate is 8% p.a. compounded quarterly. Equivalent semi annual rate= (1+8%/4)^2-1=…
Q: A business sets up a sinking fund so they will have a $49,000.00 to pay for a replacement piece of…
A: The PMT function or concept can be used to determine the periodic payments required to accumulate a…
Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…
A: The monthly deposit is $250. Interest per months is (9% ÷ 12) = 0.75%. The formula to calculate…
Q: Solve and show your complete solutions. I already provided the ANSWER I just need the SOLUTION. How…
A: Future value of Annuity= 120,000 Interest rate= 8% compounded semiannually (1.04^(2/12)-1= 7.87%=…
Q: The average age of engineering students at graduation is a little over 23 years. This means that the…
A: A concept through which it is studied that the current worth of money is higher than its future…
Q: The plan was to leave $8,000 on deposit in a savings account for 15 years at 7.5% interest…
A: Deposit amount now (D) = $8000 Interest rate (r) = 7.5% Withdrawal after 5 years (W) = $2000 Period…
Q: A man will deposit Php 200 with a savings and loan association at the beginning of each 3 months for…
A: Present value of deposit amount= Php 200 Time period (n)= 3 months for 9 years Interest rate= 5.5%…
Q: entering the workforce plans to make monthly contributions to a retirement account in the amount of…
A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…
Q: How long will it take an RESP to grow to $200,000, if the plan owner contributes $250 at the end of…
A:
Q: ) Suppose a recent college graduate's first job allows her to deposit $200 at the end of each month…
A: Future Value:-It is the value which the company's estimate for a project's future income so that it…
Q: Suppose that you earned a bachelor's degree and now you're teaching high school. The school district…
A: a) The formula to calculate accumulated value of an annuity is given below: Here, i is interest…
Q: In an effort to save money for early retirement, an environmental engineer plans to deposit $1200…
A: Given information: Monthly deposit of $1,200 for every 6 months Interest rate of 8% per year Number…
Q: An item will need replacing in 6 years from now at a cost of ₱128,000.00. How much should the owner…
A: The present value is the value of the sum received at time 0. It is the current value of the sum…
Q: Two years ago, the Fun Center deposited $3,200 in an investment account for the purpose of buying…
A: given,r = 6.85% A-2= $3200 A0= $5000 A1= $3500
Q: Suppose a recent college graduate's first job allows her to deposit $150 at the end of each month in…
A: Deposit each month (p)= 150 Number of Deposit (n)= 10*12= 120 Interest rate per month (i)= 9%/12=…
Q: You have finished your time at Kelley and need to start thinking about retirement. You plan on…
A: Given: amount required after retirement at every six months = $75,000 Period of service = 30 years…
Q: A real estate development company is planning to build five homes, each costing $195,000, in 2…
A: We need to determine the cost of 5 homes then use the periodic interest rate, number of periods to…
Q: Another client at ZBX Fin Planning currently has $95,000 in their retirement account that is…
A: Current Amount in account is $95,000 Deposits per month is $950 Interest rate is 10.56% APR…
Q: Mechanical Engineer John Cena is planning for retirement decides that he wishes to have income of…
A: Annual income of Php200,000 for 20 years First withdrawal is beginning 30 years from now, Interest…
Q: A state lotto has a prize that pays $1,700 each week for 25 years. Find the total value of the…
A: It is based on the time value o money. The Amount to be invested today which will fetch desired…
Q: small business owner contributes $2,000 at the end of each quarter to a retirement account that…
A: Information Provided: Amount to be contributed = $2000 Interest = 10% compounded quarterly
Q: A real estate development company is planning to build five homes, each costing $155,000, in 2…
A: N = Time Period = 5 semi annual periods Future Value Required = Cost of each home * Number of homes…
Q: French Fried Food Inc. wishes to accumulate P500,000 during the next 24 months to open a second…
A: The amount which are paid constantly without any change in amount or frequency is called Annuity and…
Q: A man will deposit Php 200 with a savings and loan association at the beginning of each 3 months for…
A: Saving account is a financial facility offered to individuals who want to save their money. It…
In an effort to save money for early retirement an environmental engineering collegue plans to deposit PHP. 1,200 per month starting this month rate account pays 8% per year how much will be the account at the end of 25 years?
Step by step
Solved in 3 steps with 2 images
- Answer 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 PhpIn an effort to save money for early retirement, an environmental engineer plans to deposit $1200 per month starting one month from now, into a selfdirected investment account that pays 8% per year compounded semiannually. How much will be in the account at the end of 25 years?In an effort to save money for early retirement, an environmental engineering colleague plans to deposit $1,700 per month, starting one month from now, into a fixed rate account that pays 8% per year compounded quarterly. How much will be in the account at the end of 18 years?
- Answer 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 ? a . The type of annuity illustrated in the problem is _____________________.b . The term is __________________.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: a. Simple Annuity; b. 10; c. 12; d. 0.075; e. 30 000.00 Phpan electrical engineer desires to set up fund by making uniform monthly end of period deposits for a decade. The fund will provide 250000 php at the end of each of the last 3 yrs of the entire period . If the interest is 6% compounded monthly, what is the monthly payable?Approximately how much must be saved for retirement in order to withdraw $100,000 per year for the next 25 years if the balance earns 8% annually, and the first payment occurs one year from now? Round to the nearest dollar and show your work.
- Answer the Situation below correctly show your complete solution.I already provided the answer I just need the SOLUTION.( Annuities )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 ? a . The type of annuity illustrated in the problem is _____________________.b . The term is __________________.c . The number of conversion period is_____________________________.d . The interest rate per period is___________. e . The present value of the deposit is___________. Answers: a. Simple Annuity; b. 10; c. 12; d. 0.075; e. 30 000.00 PhpAn engineer plans to deposit $3000 at the end of each year into a retirement account that pays 4% interest. How much will be in his account after 30 deposits?Many persons prepare for retirement by making monthly contributions to a savings program. Suppose that $ 2,500 is set aside each year and invested in a savings account that pays 8% interest per year, compounded continuously. a. Determine the accumulated savings in this account at the end of 25 years. b. In Part (a), suppose that an annuity will be withdrawn from savings that have been accumulated at the EOY 25 The annuity will extend from the EOY 26 to the EOY 34 What is the value of this annuity if the interest rate and compounding frequency in Part (a) do not change? Click the icon to view the interest annuity table for continuous compounding when i=8% per year
- Use the formula for the value of an annuity to solve:To offer scholarship funds to children of employees, a company invests $15,000 at the end of every three months in an annuity that pays 9% compounded quarterly. a. How much will the company have in scholarship funds at the end of ten years? b. Find the interest.Round answers to the nearest dollar.An engineer who is saving for her retirement plans to deposit $500 every semiannually,starting after six months from now, into an investment account. If the account pays interestat 12% per year, compounded quarterly, the total she will have at the end of 25 years is closestto: (Draw the Cashflow)MY NOTES ASK YOUR TEACHER Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume end-of-period withdrawais and compounding at the same intervals as withdrawals. Round yeur answer to the nearest cent.) $900 per month for 20 years, if the account earns 7% per year PV$ Need Help? Read Wah