On a girl's 10th birthday, her father started to deposit P5,000 quarterly at the end of each term in a fund that pays 1% compounded monthly. How much will be in the fund on his daughter's 17th birthday?* 144,832.94 154,834.15 144,833.10 144,823.18 134,733.62 NONE OF THESE
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- At age 60, a man established a trust fund of R20 000 which will pay his family a regular amount at the end of each month for 12 years after his death. If he dies at age 65, what monthly sum will the family receive if the fund earns 3% p.a. compounded monthly and if the first payment will be made 1 month after his death?On a girl's 10th birthday, her father started to deposit P5,000 quarterly at the end of each term in a fund that pays 1% compounded monthly. How much will be in the fund on his daughter's 17th birthday?* 144,832.94 154,834.15 144,833.10 144,823.18 134,733.62 NONE OF THESEd. On the day of his son's birth, a father decided to establish afund for the boy's college education. The father wants theson to be able to withdraw $4000 from the fund on his 18thbirthday, again on his 19th birthday, again on his 20thbirthday, and again on his 21st birthday. If the fund earnsinterest at 9% per year, compounded quarterly, how muchshould the father deposit at the end of each year, up throughthe 17th year? include a non-excel cashflow
- A mother wants to insure the education of his son. On the 7th birthday of the son, he invest in a fund the amount of P 200,000.00 earning at 6.5% interest rate compounded monthly; on the 10th birthday another P 200,000.00 at an interest rate of 7.3% compounded monthly: on the 15th birthday another sum of money at 8% compounded monthly. If on the 18th birthday the son have a total withdrawable amount of P1.3M, how much is the 3rd investment?By the condition of a will, the sum of P 20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P 50,000. When will the girl receive the money, if the fund is to be invested at 8% compounded quarterly?By the condition of a will, the sum og P25,000 is left to a girl to be held in trust by her guardian until it amount to P45000. When will the girl receive the money if the fund is invested at 8% compounded quarterly?
- By the condition of a will, the sum of $ 2,000 is left to a girl to be held in trust fund by her guardian until it amounts to $ 5,000, when will the girl received the money if the fund is invested at 8% compounded quarterly? engineering econ6. To support his handicapped niece, Tony made payments of $1800 into a fund at the beginning of every 3 months. If the fund earns interest at 5.24% compounded quarterly, how much will the balance in the fund be after 18 years?By the conditions of a will, the sum of ₱25,000 is left to a girl to be held in trust by her guardian until it amounts to ₱45,000. When will the girl receive the money if the fund is invested at 8% compounded quarterly? Ans: 7.42 years
- - A grandmother left a will to her grandson an amount of P25,000 and was deposited in a bank with a time deposit rate of 8% compounded quarterly. The grandson will receive that money when it reaches P45,000. When will he receive that money?By the condition of the will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if the fund was invested at 8% compounded quarterly?By the conditions of a will, the sum of P20,000 is left to a girl to be held in a trust fund by her guardian until it amounts to P50,000. When will the girl received the money if fund invested at 8% compounded quarterly?