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?

Q: 4. Kelly deposited $10,500 into a fund at the beginning of every quarter for 13 years. He then…

A: Compound Interest is method of computing interest where compounding is done. Compounding refers to…

Q: 13.  happy Corp. established a fund where they pay $200 annually into the fund. The interest rate…

A: Year Year-1 Year-2 Year-3 Year-4 Year-5 Total Amount that $200 invested each year will become…

Q: d) A person invests $50,000 in an investment that earns 6 percent. If $6,000 is withdrawn each year,…

A: Step 1 The idea of the time value of money (TVM) holds that a quantity of money is worth more now…

Q: 3) equal deposits. The first deposit is made right now, the second, one year from now, and the…

A: Given data; amount needed to be accumulated = $ 25,000 Number of year= 3 interest rate = 5% deposits…

Q: Your client has been given a trust fund valued at $1.19 million. He cannot access the money until he…

A: TVM refers to the capacity of money to earn interest because money earned earlier is considered more…

Q: Assume your uncle died one year ago and had left you the money in his saving account at that date.…

A: Amount Deposited 16 years back = PKR 550,000 Years(n) = 16 Interest Rate (r) = 13%

Q: A corporation creates a sinking fund in order to have $790,000 to replace some machinery in 12…

A: Monthly payment refers to an amount that is paid every month for the repayment of a loan amount by…

Q: A corporation creates a sinking fund in order to have $570,000 to replace some machinery in 8 years.…

A: The sinking fund is the expected fund requirement that might be required in the future by the…

Q: how much can we paid in scolarships at the end of half year if $90.000 is deposited in a trust fund…

A: Amount Deposited = $90,000 Annual Interest Rate = 8.5%Semiannual Interest Rate = 8.5% / 2Semiannual…

Q: klp.1

A: The objective of the question is to determine the duration for which Mr. Deneau can make withdrawals…

Q: Just in preparation for his retirement, a man intended to invest today into a bank with an interest…

A: Annuity:  An annuity is the series of payments which is received or paid for a certain period of…

Q: 2: An investment fund is set up to make payments of $1,250 at the end of every month for 15 years.…

A: A series of payments made over a period with equal intervals of time is an annuity. The present…

Q: ch money can be withdrawn at the end of 22 years if $3,000 is deposited at the end of each year for…

A: The future value of the deposit is the value of the current deposits on a future date based on the…

Q: You have accumulated $1,793,836 for your retirement. How much money can you withdraw for the next 14…

A: Given that:Accumulated amount=$1793836Years=14Rate=9.90 % per year(Compounded annually)

Q: und X earns i(12) = 6% interest, while Fund Y earns i(12) = 3% interest (and both start off with no…

A: The future value is the future worth of the amount that will be paid or received at future.

Q: An endowment fund is set up today. It provides payments of $1500 a year for 6- years (first payment…

A: The question is based on the concept of present value for annuity and perpetuity payment .

Q: how many years

A: The $50000  fund is a lump sum amount today. The $6000 withdrawl per year is ordinary annuity. To…

Q: 2. You invest $12,000 a year in to a retirement fund starting at age 25 and continue to do so until…

A: As you have asked a question with multiple parts, we will solve the first 3 parts as per Bartleby…

Q: A corporation creates a sinking fund in order to have $590000 to replace some machinery in 9 years.…

A: Future value refers to the value at the end of the tenure of future cash flows at the regular…

Q: 2. An investor is setting up a fund which requires 20 years of contributions. The investor pays £50…

A: The FV of an annuity refers to the value of its cash flows at a particular future date assuming it…

Q: 2. An investor is setting up a fund which requires 10 years of contributions. The investor pays £150…

A: An annuity is a financial product that provides a series of payments at regular intervals, typically…

Q: Your aunt has $760,000 invested at 5.5%, and she now wants to retire. She wants to withdraw $45,000…

A: Here, CurrentAmount $       760,000.00Interest Rate5.50%Type of AnnuityAnnuity DueAnnual Required…

Q: rdan deposited $23,500 into a fund at the beginning of every quarter for 20 years. He then stopped…

A: Future value is the amount being deposited over the period and the amount of interest accumulated…

Q: 1) Dave invests £500 in a building society account at the start of each year. The interest rate in…

A: Annual investment (C) = £500 Interest rate (r) = 0.072 Number of investments (n) = 12 Money in…

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.