Kenny decided to make a P1,000 monthly deposit in a fund that pays 6% compounded quarterly. How much will be in the fund after 15 years? a. P290,082.51 b. P118,729.52 c. P290,785.62 d. P199,567.25
Q: An investment banker would like to receive $1,200 at the beginning of every 3 months from her…
A: The concept of the time value of money states that the current worth of money is more than its value…
Q: A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is…
A: The amount of fund after final deposit can be calculated with the help of future value of annuity…
Q: A trust fund is to be formed by depositing ₱4,000 every six months for 25 years in a bank that…
A: Interest refers to the amount charged by the lender on the lent amount. The borrower of the loan is…
Q: At the beginning of each month, P 200 is deposited into a retirement fund. The fund earns 6%…
A: An annuity is a series of equal payments made or received at regular intervals. When the cash flows…
Q: How much money can be withdrawn at the end of 15 years if: a. $2,000 is deposited at the end of each…
A: The future value of the deposit is the value of the current deposits on a future date based on the…
Q: Rebecca made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years,…
A: Solution: An amount deposited at beginning of every period is known as annuity due. So, future value…
Q: A fund is to created by investing 900 at the end of every month for 9 years. IF money is worth 9%…
A: Monthly investment (C) = 900 Annual interest rate = 9% Monthly interest rate (R) = 9%/12 = 0.75%…
Q: Mr. Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to buy…
A: When an investor makes regular periodic deposits in an investment, this is known as an annuity. The…
Q: Our clients saved $2,500,000 for retirement. They wish to withdraw $20,000 from the fund each month…
A: Present Value of Ordinary Annuity refers to the concept which gives out the discounted or today's…
Q: Mr. Velasquez invests P 2,500 at the end of each 6 months to a fun Paying 8 % % compounded…
A: Semiannual deposit (S) = P 2500 r = 8.75% per annum = 4.375% semiannually
Q: Clearlake Optical has a $50,000 note that comes due in 6 years. The owners wish to create a sinking…
A: Future Value = $50,000 Time period = 6 Years Interest rate = 3.5%
Q: wo years from now. My Orly needs P32,000 to liquidate a certain debt. If money is worth 5%…
A: Time Period = 2 years * 4 = 8 quarters Interest Rate = 5%/4 = 1.25% per quarter Future Value…
Q: Marigold Corp. deposits $12000 in a fund at the end of each year for 5 years. The fund pays interest…
A: The future value function or concept can be used to determine the future value of a present sum or…
Q: Mark deposit $1,000,000 in a fund today, the conditions for payment to Mark are a fixed amount for…
A: using excel Goal seek to find out the fixed amount
Q: $150,000 is deposited in a fund that pays 5% annual compound interest for 2 years, 3% annual…
A: There are two methods of charging interest on loans. One is the simple interest method and other is…
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: Joe deposits GHS10 today and another GHS30 in five years into a fund paying simple interest of 11%…
A: In this question, the accumulated value of the deposits of Joe and Tina is equal. here we have to…
Q: 7. Manolo deposited P 120 000 in a fund that pays 5% compounded annually for the first 3 years, 4 ½%…
A: Interest is a value which is received on a deposited amount for the period. It increases the value…
Q: John made a deposit of 4400 into a fund ot the þeginning of each year for 16 years. At the end of 16…
A: FV of annuity = Payment * (1+i)n-1i
Q: Your company has decided to set up a fund for its employees with an initial payment of Rs 27,500…
A: a.Calculate the size of the fund as follows:
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: Future value (FV) = P 12,500 Period = 4 Years Number of monthly deposits (n) = 4*12 = 48 Annual…
Q: A trust fund is to be formed by depositing #4766 twice a year for 7 years in a bank that promises to…
A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…
Q: Mr. Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to buy…
A: An annuity is the total of all periodic payments or investments made at a fixed rate over a certain…
Q: Clearlake Optical has a $50,000 note that comes due in 6 years. The owners wish to create a sinking…
A: Given Information Interest rate = 2.5% compounded semi-annually Time Period = 6 years Accumulated…
Q: A sum of 50,000 deposited in a fund which will earn 12% compound semiannualy for the first 5 years…
A: Computation of the amount that will be received after 12 years is shown below:
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: Faisal deposits $1,139 in a fund paying 4% annual compound interest; after 5 years the fund…
A: The future value of the account at the end of 11 years can be calculated with the help of future…
Q: You deposit 20,000 today into a fund paying (i)=8%. From this fund, you receive 10 payments of R,…
A: Computation of R:
Q: quarterly. Find the amount available in this fund after 10 years
A: Quarterly payment is $30,000. Maturity period is 10 years. Rate of interest is 6%. Compounding…
Q: Francis deposits P 100,000 into a fund today and P 200,000 fifteen years later. Interest is credited…
A: Deposit today (D0) = P 100000 Deposit after 15 years (D1) = P 200000 Discount rate for first 10…
Q: Bi-monthly deposits of 16,000 are made to accumulate a fund at the end of 8 years. Round off final…
A: Here, Bi- Monthly Deposit is $16,000 Time Period of Deposit is 8 years Note: Here, it is not clearly…
Q: Amy will need PHP 1.75M on July 4, 2015. To prepare for this, she places equal deposits at the end…
A: Future value required on July 4 2015 (FV) = PHP 1,750,000 Interest rate (r) = 8% Number of annual…
Q: Clearlake Optical has a $50,000 note that comes due in 3 years. The owners wish to create a sinking…
A: Given: Annual rate (r)=1.5%=0.015 Future value (A)= $50,000 Number of years (t)=4 Number of payments…
Q: Sheila started to deposit P18,000 semi-annually in a fund that pays 5% compounded semi-annually. How…
A: Semiannual deposit (D) = P 18000 r = 5% per annum = 2.5% semiannually n = 10 years = 20 payments
Q: Calculate the future value of end-of-month payments of $4,000 made for 7 years into an investment…
A: Monthly Payments = $4,000 Time period = 7 years Interest Rate = 5.50% Compounding period =…
Q: ennifer started to deposit ₱1,000 monthly in a fund that pays 6% compounded quarterly. How much will…
A: p Principal Amount (1000*3) 1000 i Interest rate per annum 6% i Quarterly interest (6%/4) 1.50%…
Q: If a fund pays 12% compounded annually, what single deposit now will accumulate $12,000 at the end…
A: Time value of money- It is based on the concept that money earned today is worth more than similar…
Q: Aling Paring started to deposit P2,000 quarterly in a fund that pays 5.5% compounded quarterly.-…
A: The question gives the following information:
Q: If annual deposits of $1,000 are made into a fund paying 12% interest compounded annually, how much…
A: Present Value of deposits (PV)=$1,000 Interest Rate (r)= 12% compounded annually Time period (n)= 5…
Q: Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year,…
A: The future value is computed by multiplying the present money by the future value annuity factor. In…
Q: Suppose you make equal quarterly deposits of $2,500 into a fund that pays interest at a rate of 5%…
A: Time value of money (TVM) refers to the method used to measure the amount of money at different…
Q: Ahmad is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded…
A: We need to calculate future value of an ordinary annuity. here annuity is a monthly deposit of…
Q: Ben invested P5000 in a fund at the beginning of every month for five years. The fund earning an…
A: Monthly investment (P) = P 5000 Period = 5 Years Number of monthly payments (N) = 5*12 = 60 Annual…
Q: Find the AV of these deposits
A: Time value of money (TVM) means that the amount received in the present period will have more…
Q: 240,000 will be deposited in a fund at the beginning of each six months for 5 yrs. Using 11% as the…
A: Here the concept of annuity will apply. This is the case of an annuity due as the payments are made…
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…
A: Future value (FV) = P 12500 Period = 4 Years Number of monthly payments (n) = 4*12 = 48 Interest…
Q: You deposit $9500 per quartely for 1 years at i, = 8.31 %. This fund then provides for a perpetuity…
A: Perpetual payment is an arrangement to cash flows for an infinite time period, under the perpetuity…
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…
A: Accumulated amount = P 12500 n = 4 years = 48 months r = 7% per annum = 0.5833% per month Let M =…
Step by step
Solved in 2 steps
- If 90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of 23,138.32 are made starting on December 31, 2020, that will deplete the fund, what is the interest rate being earned if interest is compounded annually?ennifer started to deposit ₱1,000 monthly in a fund that pays 6% compounded quarterly. How much will be in the fund after 15 years? Hide answer choices ₱18,009.77 ₱144,193.20 ₱253,927.62 ₱288,608.17Sheila started to deposit P18,000 semi-annually in a fund that pays 5% compounded semi-annually. How much will be in the fund after 10 years? a. P459,803.80 b. P500,897.56 c. P678,125.50 d. P399,897.45
- Ahmad is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded monthly.What would be the balance at the end of 10 years? Select one: a. $163,879 b. $127,200 c. $159,423 d. $158,169Ali is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded monthly.What would be the balance at the end of 10 years? Select one: a. $127,200 b. $159,423 c. $158,169 d. $163,879Peter started to deposit ₱5,000.00 quarterly in a fund that pays 1% compounded quarterly. How much will be in the fund after 6 years? a. ₱202.41 b. ₱214.91 c. ₱116,329.90 d. ₱123.514.09
- 13. happy Corp. established a fund where they pay $200 annually into the fund. The interest rate that the fund earns is an annual rate of 6%. what will be the balance of the fund at the end of 5 years? Round to the nearest dollar. 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 4 years, if money is worth 7% compound monthly? How much is the value of the fund on the 10th payment? O A. 2,085.89 O B. 1,848.69 O c. 2,324.46 D. 2,564.43Ben invested P5000 in a fund at the beginning of every month for five years. The fund earning an interest rate of 5% compounded monthly. What was the total amount invested? a. None of the above b. P266, 057.50 c. P99, 378.77 d. P22, 729.75
- 7. Manolo deposited P 120 000 in a fund that pays 5% compounded annually for the first 3 years, 4 ½% compounded semi-annually for the next 2 years and 3% compounded quarterly thereafter. If money is invested for 10 years, how much is in the fund after 10 years?Explain the Step By Step Process. An engineer wishes to set up a special fund by making uniform semiannual and end-of-period deposits for 20 years. The fund is to provide P100,000 at the end of each of the last five years of the 20-year period. If interest is 8% compounded semiannually, what is the required semiannual deposit to be made? ANS: P6,193.39ma'am minda started to deposit P2,000 quarterly in a func that pays 5.5% compounded quarterly. How much will be in the fund after 6 years? 56,443.75 56,433.75 56,423.75 56,413.75 SLIDESMANIA.COM