Linden deposits $100 into the Brockport Student Credit Union at the start of the school year. This ritual continues for the next 50 years, with an annual compounding interest of 2%. How much will Linden have saved up by the end of her 20th reunion at SUNY Brockport? 2,000 2,750 3,100.25 2,578.33

Kara Delaney received a $6,000 gift for graduation from a relative. If she deposits the entire amount in an account paying 2 percent, what will be the value of this gift in 10 years? (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D)

On the day your daughter is born, you deposit $1,000 in a college savings account that earns 8% compounded annually. On each of her birthdays thereafter, up to and including her 18th birthday, you deposit an additional $1,000. How much money is in the college account the day after her 18th birthday? a. $37,450 b. $38,950 c. $41,450 d. $46,800.

A wealthy benefactor wants to establish an endowment to pay forever the salary of one university faculty member and the tuition, fees, and books for ten undergraduates. The salary for the endowed faculty member is $97000 per year, payable monthly, commencing at the end of the first month of employment. Tuition, fees, and books total $1500 per student per quarter, payable at the start of eac quarter. Assume the scholarships will be awarded for the summer quarter as well as the three academic year quarters. Question 1 If the endowment earns 4% compounded monthly, what amount will have to be set aside?

a. A friend of yours, Grace, wants to purchase a house in five years. To save for the house, Grace decides to deposit $138,000 in a savings account on January 1 of this year. The savings account will earn 7 percent annually. Any interest earned will be added to the fund at year-end (rather than withdrawn). b. At the end of each year, a different friend, Claire, plans to deposit $10,300 in a savings account. The account will earn 10 percent annual interest, which will be added to the fund balance at year-end. Claire will make her first deposit at the end of this year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Note: Use appropriate factor(s) from the tables provided. Required: 1. In (a), how much will be available at the end of five years? What is the total interest earned over the five years? 2. In (b), what will be the balance in the savings account at the end of the 8th year (i.e., after 8 deposits)? What is the interest earned on the 8 deposits?

A father has saved a fund to provide for his son's 4-year university program. The fund will pay $6310 at the end of each months for 6 months (the begin on September), plus an extra $9400 each September 1st, for 4 years. If j4 = 11.34 %, what is the value of the fund on the first day of university (before any withdrawals)?

A father has saved a fund to provide for his son's 4-year university program. The fund will pay $6310 at the end of each months for 6 months (the begin on September), plus an extra $9400 each September 1st, for 4 years. If j, = 11.34 %, what is the value of the fund on the first day of university (before any withdrawals)? %3D Answer: 68692.54

A wealthy benefactor wants to establish an endowment to pay forever the salary of one university faculty member and the tuition, fees, and books for ten undergraduates. The salary for the endowed faculty member is $96, 000 per year, payable monthly, commencing at the end of the first month of employment. Tuition, fees, and books total $2, 000 per student per quarter, payable at the start of each quarter. Assume the scholarships will be awarded for the summer quarter as well as the three academic year quarters. If the endowment earns 6% compounded monthly, what amount will have to be set aside? Show the cash flow diagram.

A family wishes to accumulate 50,000 in a college education fund at the end of 20 years. If they deposit 1,000 in the fund at the end of each of the first 10 years and 1,000+ X in the fund at the end of each of the second 10 years, find X if the fund earns 8% effective.

The Clark family began savings for their child's college 17 years ago. Each year they contributed $5800 per year at the end of each year. In year 6, Clarks were able to contribute an extra $3000 in addition to the usual $5800 contribution. Using an interest rate of 4.40%, how much do they have accumulated in their child's college fund? INSTRUCTIONS: Place your answer in dollars and cents without using a dollar sign or a comma. For example, if your answer is one hundred thousand five hundred and seventy then place your answer as 100570. Work all analysis using at least four decimal places of accuracy..