Me. Cruz plans to deposit for the education of his 5 years old son, 500 at the end of each month for 10 years at 12% annual interest compounded monthly. The amount that will be available in two years is?
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- 4. Mr. Thomas will receive $8,500 a year for the next 15 years from her trust. If a 7 percent interest rate is applied, what is the current value of the future payments if first receipt occurs today?- Mr. Cruz plans to deposit for the education of his 5 year old son, Php 5831 at the end of each year for 10 years at 11.41 % annual interest compounded annually. What will be the amount available after 10 years? - What is the present worth of a 6-year annuity paying P3,000.00 starting at the end of five years, with interest at 8% compounded semiannually?2. Manuel is preparing for an income fund for his retirement. He wants to receive ₱ 15 500 at the beginning of each month for the next 25 years. The income fund pays 10.5% per year compounded monthly. How much must Manuel deposit now to pay for the annuity?
- Timmie wishes his son Timmeus to receive P203B ten years from now. What amount should he invest if it will earn interest of 12% compounded annually during the first 5 years and 8% compounded quarterly during the next 5 years?IRA Anne Wright decides to invest $4000 in an IRACD at the end of each year for 10 years. If she makesthese payments and the certificates all pay 6%,compounded annually, how much will she have atthe end of the 10 years?Mr. Hernandez wants to provide a series of 18 yearly allowance for his 1-year old daughter starting at the age of The amounts are as follows : P50,000.00 for the first 7 yearsP85,000.00 for the next 5 years and P200,00.00 for the remaining years . If the rate of interest is 17% compounded per year , what amount should he deposit now ?
- At birth of his grandson, Gregorio Sirug commits to help pay his college education. He decides to make deposits of P10,400 at the end of each three months into an account for 12 years. Find the amount of annuity assuming 10% compounded quarterly.Bob purchases an annuity that will pay him $10,000 a year for the next 15 years starting a year from now. Assuming a 5% annual interest rate, what is the value of this annuity? Choose the closes. a) $150,000 b) $103,797 c) $124,622 d) $77,2179. Daniel Plans to fund his individual retirement account, beginning at the end of each year with 20 annual deposits of P2,000, which will continue for the next 20 years. If he can earn an annual compound interest rate of 8 percent on his deposits, what will be the amount in the account upon retirement?
- Brodie receives $500 every 12 months forever, starting 20 months from today. If his stated annual interest rate is 14% compounded monthly, what is the present value of this perpetuity? a. $3,600 b. $3,000 c. $3,250 d. $3,350 e. $3,050son.3 lou will receive 27 annual payments of $22,500. The first payment will be received 7 years from today and the interes rate is 5.1 percent. What is the value of the payments today?Abe Washington sold some property in Oregon and will receive $40,000 in 5 equal payments of $8,000 at the end of each year from today. What is the present value of these future payments at an interest rate of 9% compounded annually? Round answer to the nearest dollar.