Keeler's Fabrication sets aside $3500.00 at the beginning of every six months in a fund to replace equipment. If interest is 12% compounded monthly, how much will be in the fund after 3 years? The fund will be worth $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

You are chairperson of the investment fund for Middle Hockey League. You are asked to set up a fund of quarterly payments to be compounded quarterly to accumulate a sum of $410,000 after 10 years at an 8 percent annual rate (40 payments). The first payment into the fund is to occur three months from today, and the last payment is to take place at the end of the 10th year. Use Appendix A and Appendix C. (Round "FV Factor" to 3 decimal places. Round your intermediate calculations to the nearest whole dollars. Round the final answers to the nearest whole dollar.) a. Determine how much the quarterly payment should be. Quarterly payment $5,437.57 ✪ b. On the day after the sixteenth payment is made (the end of the fourth year) the interest rate goes up to a 12 percent annual rate, and you can earn a 12 percent annual rate on funds that have been accumulated as well as all future payments into the fund. Interest is to be compounded quarterly on all funds. Determine how much the revised…

2.

Serena Medavoy will invest $7,680 a year for 20 years in a fund that will earn 4% annual interest. Click here to view factor tables. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) First payment today First payment at year-end $ +A $