TYPEWRITTEN ONLY PLEASE FOR UPVOTE. DOWNVOTE FOR HANDWRITTEN. DO NOT ANSWER IF YOU ALREADY ANSWERED THIS 10. Mary Canfield purchased the All-Canadian Compound bond fund. While this fund doesn't chargea front-end load, it does charge a contingent deferred sales load of 3 percent for any withdrawalsin the first five years. If Mary withdraws $11,800 during the second year, how much is thecontingent deferred sales load?10

Contingent deferred sales charged (CDSC) indicates to the charges or fees paid by the investor in…

Answered: 10. Mary Canfield purchased the…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 23E

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H5. Jordan deposited $23,500 into a fund at the beginning of every quarter for 20 years. He then stopped making deposits into the fund and allowed the investment to grow for 3 more years. The fund was growing at 4.31% compounded monthly. a. What was the accumulated value of the fund at the end of year 20? Round to the nearest cent b. What was the accumulated value of the fund at the end of year 23? Round to the nearest cent c. What is the total amount of interest earned over the 23-year period? Round to the nearest cent Show proper step by step calculation
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Ms Oksana Doe has just inherited an investment account worth $2,800,000 from her grandparents. The fund earns an annual interest rate of 6%. She plans to make uniform annual withdrawals from the account over the next 25 years. Answer the following two questions: 1. How much will each annual withdrawal be? OA. $223,160 OB. $47,320 OC. $50,960 OD. $232,120 OE. $218,960 2. What will be the balance in the account immediately after making the 8th annual withdrawal? OA. $1,359,698 OB. $1,048,320 OC. $2,294,110 O D. $2,431,991
A. Ken deposits P100,000 today and another P 200,000 in five years into a fund that pays simple discount at 5% p.a. Ian makes the same deposits into another fund that credits interest at 10% effective per year, but at time n and 2n, respectively. At the end of 10 years, the accumulated value of Ken's deposits is exactly the same as the accumulated value of Ian's deposits. Calculate n.
Shane contributed $2,250 at the end of every 3 months into an RRSP fund earning 2.41% compounded quarterly for 11 years. a. What is the future value of the fund at the end of 11 years? b. What is the amount of interest earned over this period?
klp.1
3. Lauren deposits: ● $240 at the beginning of year 1; $220 at the beginning of year 2; • $100 at the beginning of year 8; I into a fund. Three year after the last deposit, Lauren withdraws the accumulated value of the fund and uses it to buy a perpetuity-immediate with level payments of Z at the end of each year. All calculations assume an annual interest rate of 10%. Calculate Z. Solution:
Q1) Suppose Rachel Townsley deposits $10,000 into an account that pays 8 percent interest compounded annually.(a) If she withdraws 10 equal annual amounts from the account, with the first withdrawal oocuring 1 year after the deposits, how much can she withdraw each year in order to deplate the fund with the last withdrawal? (b) If first drawal is delayed for 2 years, how much can she withdraw each of the 10 years?
17. A closed-end fund starts the year with a net asset value of $12. By year-end, NAV equals $12.10. At the beginning of the year, the fund is selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid year- end distributions of income and capital gains of $1.50. (LO 4-3) a. What is the rate of return to an investor in the fund during the year? b. What would have been the rate of return to an investor who held the same securities as the fund manager during the year?
13. hat Corp. establishing a fund where they pay $200 annually (ie. every year) into the fund. The interest rate thst the fund earns is an annual rate of 6%. What will be the balance of the fund at the end of the 5 years? Round to the nearest dollar. please also explain that formula(s) you used and variable inputs.
11. A man deposited P6,000 at a rate of 10% per annum. However, to add more fund, he deposits P500 per year that started one year after he deposited the P6,000. If he is withdrawing P1,500 per year for his expenses, for how long will the fund last and what will be the balance in the fund after the last withdrawal was made?
Tikla invested Pnp210, 000 in a time deposit account at 7.5% compounded semi annually. How much is the value of the fund if it is withdrawn after 2 years and 6 months? Select the correct response: none of the above 220,000.00 P253, 440.96 P141,621.02

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