Tutorial Week6

Give typing answer with explanation and conclusion

I tried to find a way to get both tables needed for answering the problems.

• model investment and annuity problems;• solve exercises applying concepts of the sum of sets of terms of a sequence, and• solve problems related to annuities using sequences or series. An annuity pays $15,000 per year. Due to inflation, each year a dollar is worth what $0.970 was worth the year before. Payment is made at the beginning of each year. What is the present value of the annuity if it is paid over three years (starting immediately)?

New Exercise Bank Content Qu. 06-19 Al Ferris has $60,000 that he wishes to invest now in order to use the accumulation for purchasing a retirement annuity in five years. After consulting with his financial advisor, he has been offered four types of fixed-income investments, which we will label as investments A, B, C, and D. Investments A and B are available at the beginning of each of the next five years (call thêm years 1 to 5). Each dollar invested in A at the beginning of a year returns $1.40 (a profit of $0.40) two years later (in time for immediate reinvestment). Each dollar invested in B at the beginning of a year returns $1.70 three years later. Investments C and D will each be available at one time in the future. Each dollar invested in C at the beginning of year 2 returns $1.90 at the end of year 5. Each dollar invested in D at the beginning of year 5 returns $1.30 at the end of year 5. Click here for the Excel Data File Formulate and solve a linear programming model for this…

neat and clean answer Hand-Written necessary

Savings Plans, Part 1: Frequency of Deposits for Annuities For this problem, you will be looking at the difference that the frequency of deposits and compounding makes on annuities. For all answers given as values of money, round down to the cent. For answers in percents, round to the tenth of a percent.   1. Make a table that shows how much money each person has in their annuity after 1 year, 5 years, 10 years, and 25 years. Calculate how much money each person has invested after 25 years, and how much interest they have earned after 25 years. Then express the interest earned after 25 years as a percent of the amount invested.   a. Avery invests $3120 per year in an annuity with a 3.9% APR, compounded annually.   b. Britt invests $780 per quarter in an annuity with a 3.9% APR, compounded quarterly.   c. Casey invests $260 per month in an annuity that earns 3.9% APR, compounded monthly.   d. Devyn invests $60 per week in an annuity that earns 3.9% APR, compounded weekly. (Use 52 weeks…

Question content area top Part 1 ​(Future value of a complex​ annuity) Springfield mogul Montgomery​ Burns, age 85​, wants to retire at age 100 so he can steal candy from babies full time. Once Mr. Burns​ retires, he wants to withdraw ​$0.9 billion at the beginning of each year for 8 years from a special offshore account that will pay 28 percent annually. In order to fund his​ retirement, Mr. Burns will make 15 equal​ end-of-the-year deposits in this same special account that will pay 28 percent annually. How much money will Mr. Burns need at age​ 100, and how large of an annual deposit must he make to fund this retirement​ account?       Question content area bottom Part 1 a.  If the retirement account will pay 28 percent​ annually, how much money will Mr. Burns need when he​ retires?   ​$enter your response here billion  ​(Round to three decimal​ places.) Part 2 b.  How large of an annual deposit must he make to fund this retirement​ account?   ​$enter your response here…

● Question 1 John is 25 years old and wants to have 1 million dollars in savings by the time he retires at 65. He plans to open a savings account that pays 4% Interest compounded quarterly and he will be making quarterly deposits of $250 Into the account. John will need to make an initial deposit of s Time Value of Money Solver Enter the given values. N:= 0 Number of Payment Periods 0 1:% Annual Interest Rate as a Percent PV: Present Value PMT: Payment 0 0 FV: Future Value P/Y: 12 Payments per Year 0 OM Solve Solve Solve Solve Solve to reach his goal of 1 million hp

Can u also answer part 2

Help me with the ans pls pls

Time Value of Money Concept The following situations involve the application of the time value of money concept. Use the full factor when calculating your results. Use the appropriate present or future value table: FV of $1, PV of $1, FV of Annuity of $1 and PV of Annuity of $1 1.  Janelle Carter deposited $9,960 in the bank on January 1, 2000, at an interest rate of 12% compounded annually. How much has accumulated in the account by January 1, 2017? Round to the nearest whole dollar.$fill in the blank 1 2.  Mike Smith deposited $22,360 in the bank on January 1, 2007. On January 2, 2017, this deposit has accumulated to $69,447. Interest is compounded annually on the account. What rate of interest did Mike earn on the deposit? Round to the nearest whole percent.fill in the blank 2 % 3.  Lee Spony made a deposit in the bank on January 1, 2010. The bank pays interest at the rate of 12% compounded annually. On January 1, 2017, the deposit has accumulated to $14,200. How much money did Lee…

ook ences Chris Seals has just given an insurance company $62,525. In return, she will receive an annuity of $7,458 for 12 years. a. At what rate of return must the insurance company invest this $62,525 to make the annual payments? (Use a Financial calculator to arrive at the answers. Round the final answer to 3 decimal places.) Rate of return b. What rate of return is required if the annuity is payable at the beginning of each year? (Use a Financial calculator to arrive at the answers. Round the final answer to 2 decimal places.) Rate of return