PlZ answer the question in 10 mints plzzzzz it's very urgent The Alavis have decided tocollege fund forSon. They invested $50,000deferred amuity that willinvest intheir youngin apay they their son of the beginningatof everymonth for 4-years, while hetothe account earns 3.00%goesаcollege. IfCompounded monthly and the annuity paymentsove deffered for 14-years, what will bethe size of the monthly Payments?

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The Alavis have decided to invest in a their Son. college fund for They invested $50,000 deferred annuity that will pay they their son on the beginning of every month for 4-years, while he college. If in a to the account earns 3.00% goes young ave Compounded monthly and the annuity payments deffered for 14-years, what will be the size of the monthly Payments?

The Alavis have decided to invest in a their Son. college fund for They invested $50,000 deferred annuity that will pay they their son on the beginning of every month for 4-years, while he college. If in a to the account earns 3.00% goes young ave Compounded monthly and the annuity payments deffered for 14-years, what will be the size of the monthly Payments?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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For her daughter's university education, Carla Hackl has invested an inheritance in fund paying 9.2% compounded quarterly. If ordinary annuity payments of $4750.00 per month are to be made out of the fund for 5 years and the annuity begins 7.75 years from now, how much was the inheritance? Blank # 1 Blank # 2
Carla Lopez deposits $5, 200 a year into her retirement account. If these funds have an average eaning of 6 percent over the 40 years until her retirement, what will be the value of her retirement account?
Your friend has a trust fund that will pay her the following amounts at the given interest rate for the given number of years. Calculate the current (present) value of your friend’s trust fund payments. (Click here to see present value and future value tables) Amount ofYearly Receipt Rate Time Current Value $6,400 10% 6 years $fill in the blank 1 $12,000 12% 10 years $fill in the blank 2 $17,500 5% 14 years $fill in the blank 3 $22,000 15% 15 years $fill in the blank 4
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?
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Grandparents plan to open an account on their grandchild's birthday and contribute each month until she goes to college. How much must they contribute at the beginning of each month in an investment that pays 7%, compounded monthly, if they want the balance to be $200,000 at the end of 18 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. ordinary annuity annuity due (b) Solve the problem. (Round your answer to the nearest cent.)
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Kevin deposits a fixed quarterly amount into an annuity account for his child's college fund. He wishes to accumulate a future value of $90,000$⁢90,000 in 1616 years. Assuming an APR of 3.7%3.7% compounded quarterly, how much of the $90,000$⁢90,000 will Kevin ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary.
You deposit a lump sum P in a trust fund on the day your child is born. The fund earns 6.5% interest compounded continuously. Find the amount P that will yield the given balance A on your child's 27th birthday. (Round your answer to the nearest cent.) A = $5,000,000 P = $
For her daughter's university education, Carla Hackl has invested an inheritance in a fund paying 9.2% compounded quarterly. If ordinary annuity payments of $4750.00 per month are to be made out of the fund for 5 years and the annuity begins 7.75 years from now, how much was the inheritance
Annalise will deposit into her investment account $4,500, $1,000, and $5,500 at the end of Years 1, 2, and 3, respectively. What will her account be worth at the end of the Year 3 if she earns an annual rate of 6.15 percent? O $11,632.02 O $10,381.25 O $9,725.12 O $11,526.50 None of these answers are correct
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