Salvatore will contribute $530 to a mutual fund at the beginning of each calendar quarter. a. What will be the value of his mutual fund after 7 1/2 years if the fund earns 7.9% compounded annually? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Value of mutual fund $b. Training How much of this amount represents investment earnings? ( Do not round intermediate calculations and round your final answer to 2 decimal places.) Investment earnings
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- Salvatore will contribute $640 to a mutual fund at the beginning of each calendar quarter. a. What will be the value of his mutual fund after 6 1/2 years if the fund earns 9% compounded annually? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Value of mutual fund $ b. How much of this amount represents investment earnings? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Investment earnings $You decide to contribute to a mutual fund that averages 3.6% return per year. If you contribute $600 quarterly. Round all answers to the nearest cent as needed. a) How much will be in the account after 20 years? $ b) How much of this money did you deposit? $ c) How much of this money is interest earned? $ Submit Question Question 3You invest $180 in a mutual fund today that pays 6.80 percent interest annually. How long will it take to double your money? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to O decimal place, e.g. 545) Number of years
- You deposit the following at the end of each year into a growth mutual fund that earns 11 percent per year: How much should the fund be worth at the end of 5 years How much interest have you earned in total?Drake is planning to invest $570 in a mutual fund at the end of each of the next eight years. If his opportunity cost rate is 6 percent compounded annually how much will his investment be worth after the last annuity payment is made. a. 5980 b. 5642 c. 6062 d. 6222 e. 5055Doris plans to save $5000 per year for the next 35 years. Her money will be deposited in a stock market index fund that has a 0.5% annual management fee. If this fund earns 6% per year, how much will Doris save by investing in this fund instead of an actively managed mutual fund that has a 1% annual fee? Compute your answer as a future amount at the end of year . Assume that payments are made at the end of year. The future equivalent of savings amount at the end of year 35 is ___.
- Morgan Quincy wants to withdraw $36,300 each year for 14 years from a fund that earns 11% interest. Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, eg. 458,581.) First withdrawal at year-end First withdrawal immediately %24 %24Consider that Adjovi Hevi placed GHS 12,525 in Mutual Fund for the next 15 years. She is to earn a quarterly interest rate of 11.25% per year. a. Compute her Future value using i. Simple interest rate ii. Compound interest rate iii. Explain the difference in your resultsTiffany has accumulated $60,000 in a mutual fund. If she continues to deposit $300 at the beginning of every month from her salary into the fund for the next 10 years, how much money will she have at the end of 10 years if the fund earns 4.45% compounded monthly? Please include a well-labelled timeline diagram. Full solutions should be shown on separate sheets of paper. Submit your solutions. Answer: Round to the nearest cent
- please answer (D) Suppose that a woman deposits $10,000 into an investment fund that guarantees to pay 0.5% interest everymonth. That is, interest is compounded monthly at a rate of 0.5% per month. a) What is the nominal annual interest rate? b) What is the effective annual interest rate? c) Assuming that no additional deposits or withdrawals are made, use the appropriate compound interestfactors to determine how much the fund will be worth:i) After 1 year;ii) After 2 years. d) Verify that your answers in parts (b) and (c) are correct by constructing a table or spreadsheet thatshows how the initial deposit will grow over 2 years. At a minimum, your table or spreadsheet shouldinclude a row for each interest period over a 2-year planning horizon and show: the value of in the investment fund at the start of each interest period the amount of interest earned each interest period; and the value of the fund at the end of each interest period.Be sure to briefly explain how your table or…Suppose that a woman deposits $10,000 into an investment fund that guarantees to pay 0.5% interest everymonth. That is, interest is compounded monthly at a rate of 0.5% per month. a) What is the nominal annual interest rate? b) What is the effective annual interest rate? c) Assuming that no additional deposits or withdrawals are made, use the appropriate compound interestfactors to determine how much the fund will be worth:i) After 1 year;ii) After 2 years. d) Verify that your answers in parts (b) and (c) are correct by constructing a table or spreadsheet thatshows how the initial deposit will grow over 2 years. At a minimum, your table or spreadsheet shouldinclude a row for each interest period over a 2-year planning horizon and show: the value of in the investment fund at the start of each interest period the amount of interest earned each interest period; and the value of the fund at the end of each interest period.Be sure to briefly explain how your table or spreadsheet verifies…4) Ashley deposits $500 into an investment fund each January 1 starting in 2005 and continuing to 2014 inclusive. If the fund has an average annual growth rate of ji = 10%, how much will be in her account on January 1, 2019?