you started making sinking fund deposit of 20000 today. its bank pays 6% compounded semi-annually and the payments will be made every six months fir 20 years. what will the fund ve worth at the time?
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you started making sinking fund deposit of 20000 today. its bank pays 6% compounded semi-annually and the payments will be made every six months fir 20 years. what will the fund ve worth at the time?
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- How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one year and the rate is 10%?You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityAssume that you want to have $ 4450 saved in a sinking fund in 1 year. The account pays 2% compounded monthly. What should be your monthly payments?
- How long will it take to build up a fund of P65000.00 by saving P250.00 every month at 5.5% compounded monthly?You are saving up for a down payment on a house. You will deposit P600 a month for the next 24 months in a money market fund. How much will you have for your down payment in 24 months if the fund earns 10% annual percentage rate compounded monthly? * 14,480 15,870 12,930 10,560 9,890 What's the future value of P1,200 after 5 years if the appropriate interest rate is 6%, compounded monthly? * 1,537.69 1,618.62 1,699.55 1,784.53 1,873.76 What is the present value of the following cash flow stream at a rate of 6.25%? YEAR O=0 YEAR 1= P75 YEAR 2= P225 YEAR 3=PO YEAR 4=P300 * 411.57 433.23 456.03 480.03 505.30Assume that you want to have $ 4100 saved in a sinking fund in 1 year. The account pays 3% compounded monthly. What should be your monthly payments? Monthly Payment =
- Today, you invest P100,000 into a fund that pays 25% interest compounded annually. Three years later, you borrow P50,000 from a bank at 20% annual interest and invest in the fund. Two years later, you withdraw enough money from the fund to repay the bank loan and all interest due on it. Three years from this withdrawal you start taking P20,000 per year out of the fund. How much was withdrawn?A loan of $60,000 is due 10 years from today. The borrower wants to make annual payments at the end of each year into a sinking fund that will earn compound interest at an annual rate of 10 percent. What will the annual payments have to be? Suppose that the monthly payments earn 10 percent interest, compounded monthly. What would the annual payments have to be?A loan of $50,000 is due 10 years from today. The borrower wants to make monthly payments at the end of each month into a fund so that the fund accumulates $50,000 by the end of 10 years. The fund will earn 10 percent returns compounded monthly. What will the monthly payments have to be? A loan of $50,000 is due 10 years from today. The borrower wants to make monthly payments at the end of each month into a fund so that the fund accumulates $50,000 by the end of 10 years. The fund will earn 10 percent returns compounded monthly. What will the monthly payments have to be? $268.50 $341.72 $366.13 $317.31 $244.09
- You Save Bank has aunique account. If you deposit $9,000 today, the bank will pay you an annual interest rate of 3 percent for 6 years, 3.6 percent for 5 years, and 4.3 percent for 9 years. How much will you have in your account in 20 years?You deposit 20,000 today into a fund paying ?(1)=8%. From this fund, you receive 10 payments of R, with the payments made at the end of 2 years, 4 years, 6 years, …, 20 years. What is R?The National Savings Fund promises a monthly 0.75% return if you deposit €100 per month for 15 consecutive years. What amount will be accumulated after those 15 years? Use excel