What sum of money must be deposited in a savings scholarship account to provide a scholarship of $3320.00, payable at the beginning of each 3 months, if interest is 3.59% compounded quarterly?

Q: How much must be deposited today into the following account in order to have a $135,000 college fund…

A: Present value = Future value/(1 + r)n   Future value = 135,000 Quarterly interest rate (r) = 3.16%/4…

Q: What equal deposits should be placed by Carolyn Jane in a credit cooperative at the end of each year…

A: Equated Annual  Deposit: It is  a fixed deposit  amount made by a investor  to a financial…

Q: How much money must be deposited into an account paying interest at 5% compounded annually in order…

A: Given, Rate = 5% Amount =$2000

Q: What amount of money invested today at 15% interest can provide the following scholarships: ₱30,000…

A: Interest rate = 15% Annual cash flow in first 6 years = P30,000 Annual cash flow in next 6 years =…

Q: what amount of money invested today at 10% interest can provide the following scholarships: 34,000…

A: The question is based on the concept of Financial Management.

Q: You will pay a tuition cost of $50,000/year for 4 years and the first payment is due yearend. If…

A: The amount that should be deposited today is equal to the present value of the tuition cost for four…

Q: A newborn's future university tuition costs are estimated at $50,000/year for four years, with the…

A: Annuity is the series of equal cash payments over the period.

Q: A trust fund amounting to ₱6700000 earns 7.4% annual interest. If ₱150,000 is to be withdrawn at the…

A: Amount of trust fund is P6,700,000 Interest rate is 7.4% Time period is 5 years Amount of withdrawl…

Q: if you deposit $500/month into a college fund with APR 4.5%, how much do you have after 18 years…

A: The future value of an ordinary annuity is the accumulated value of an equal amount of deposits made…

Q: If a donation of $100,000 is expected to pay out scholarships of $10,000 every year and the funds…

A: Here, to calculate time period we have to use the compound interest formula .   A = P 1+r100n…

Q: The sum of $159,760 is invested at 5.5% compounded monthly for four years. After the four years, the…

A: The present value of annuity refers to the current value of future annuity payments to be paid at a…

Q: A perpetuity is to pay $21,000 at the end of every six months. How much less money is required to…

A: Solution:- Perpetuity means the payment made forever. Value of perpetuity = Periodic Payments /…

Q: Whatis the future sum of 1,900, given that it will be held in the bank for 25 years and earn 17…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: A college wants to provide students with a perpetual scholarship of $10,000 at the end of every 3…

A: A perpetuity is a series of equal payments that go on forever. The amount invested to receive the…

Q: Ques 3 and 4

A: Step 1: AB1Annual investment59002Number of years473Annual interest rate7%4Amount in 47…

Q: For the next 7 years, you expect to receive equal payments at the beginning of each year. Today, you…

A:

Q: For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed…

A: Sinking Fund: It is the specific amount of money,needed at some future date,is accumulated by a…

Q: You receive a 10-year subsidized student loan of $29,000 at an annual interest rate of 4.8%. What…

A: Loan payments are given by, L = E(1-(1+r)^-n)/r Where, E = payment = ?? r = interest rate = 4.8%/12…

Q: Calculate the future sum of $1,200, given that it will be held in the bank for 5 years and earn 14%…

A: Below details are given in the question : Present value = $1200 Time period = 5 years  Interest rate…

Q: Tara wishes to accumulate $29,000 in 5 years. Use the appropriate formula to find the sinking fund…

A: first thing is calculate semiannual interest rates and semiannual period and from table you can get…

Q: "Mia plans to make 27 annual contributions to a college saving account, with the first contribution…

A: Annual contributions refer to the amount that is contributed for the saving purpose on which…

Q: The educational trust fund for your children earns interest at 5.8% compounded monthly. What initial…

A: Understanding the future value of an investment can be an important factor in making investment…

Q: o offer scholarships to children of​ employees, a company invests ​$14,000 at the end of every three…

A: Annuity refers to periodic payments that are provided in exchange for a lump sum payment. Annuities…

Q: How much would you need to be deposited into savings account today earning 3.5% compounded annually…

A: The quantum of funds that will lead to a perpetuity of $ 100 a year, needs to be determined.

Q: What is the minimum required time for $5,000 to compound, monthly, to $18,000 given $50 monthly…

A: In the process of compounding, previous earnings are reinvested again to generate earnings. Here, we…

Q: How much must be deposited today into the following account in order to have a college fund in 11…

A: The time value of money is a concept in finance that takes into account the effect of compounding in…

Q: To pay for your​ education, you've taken out ​$28 comma 00028,000 in student loans. If you make…

A: The objective of this question is to calculate the monthly payments for a student loan of $28,000…

Q: 3-43. An annuity fund is to be created to provide $6,000 at the end of each quarter year from ages…

A: The concept of time value of money will be used here. As per the concept of time value of money any…

Q: To offer scholarships to children of​ employees, a company invests ​$9000 at the end of every three…

A: a. At the end of ten years, the company will have approximately $574,075.59 in scholarship funds. b.…

Q: You donate $400,000 to provide annual scholarships in perpetuity. The money is deposited into an…

A: in this we have to find out effective annual interest rate and from that we will get annual…

Q: To pay for your​ education, you've taken out ​$28 comma 00028,000 in student loans. If you make…

A: The objective of this question is to calculate the monthly payments for a student loan of $28,000…

Q: What should the present value of a savings account be to cover $30,000 of college expenses in 12.5…

A: Compound = Quarterly = 4Future Value = fv = $30,000Time = t = 12.5 * 4 = 50Interest Rate = r = 7.5 /…

Q: A 10,000 loan is paid off over 10 years; interest is 6 percent effective. The borrower uses a…

A: Sinking funds are funds which are set aside for the repayment of a particular debt or loan.

Q: Set XYZ as the last three digits of your student number. Construct an amortization schedule for a…

A: Amortization Schedule: It is a table containing periodic loan payments, interest paid, principal…

Q: Deposits of $100 are made at the end of each calendar year from 2014 through 2019 inclusive. The…

A: Perpetuity is a series of payment which is made for an indefinite period of time. It does not end in…

Q: A school fund establishes that the following deposits must be made: Year 1, $2,000; Year 2, $2,000 +…

A: To determine the scholarship payment can be in perpetuity, we need to find the present value of the…

Q: A fund is to be created which pays out a scholarship of £7,000 every year in perpetuity. The first…

A: Perpetuity are funds that are paid over the whole life period of annuities. Value of perpetuity is…

Q: What is the fair value of the lottery payments according to the Financial Accounting Standards Board…

A: According to the financial accounting standards board (FASB), The fair and present value of the…

Q: Ques 15 and 16

A: Answer 15)To determine the annual deposit required to accumulate $12,000 at the end of 15 years with…

Q: You receive a 10-year subsidized student loan of $19,000 at an annual interest rate of 6.8%. What…

A: Using excel PMT function to calculate the monthly payment

Income Statement

Income Statement also commonly called a profit and loss statement, one of the key financial statements (considered together with balance sheet and cash flow statement) which shows the revenues and expenses, as well as the gains and losses of a company for a given period. In other words, it presents the financial performance/profitability of a business over a specified accounting period.