A company is going to set up a oerpetuity to withdraw $ 150 for miscellaneous expenses each quarter. Money in this account cat earn 2% compunded quarterly. They will not withdraw the first payment until 1 year from today, how much is needed in account today to grow to be what is needed in 1 year

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A: Dear student, we need to use NPER and FV formulas in excel to solved this problem.

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A: Present Value of Ordinary Annuity, the concept which dictates the present value of a sum of all cash…

Q: Beginning three months from now, you want to be able to withdraw $3,100 each quarter from your bank…

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Q: Suppose you saved $350,000 for retirement and you can put them in an account that earns 5% interest…

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A: In this question future value would also be find out so that payment per year can be find out.

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A: Step 1 With a certain rate of return, present value (PV) is the current value of a future financial…

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A:

Q: Please answer with details on how to do it. Thank you.  A company borrows $ 100,000 today at 6 %…

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A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: How much must be deposited today into the following account in order to have $45,000 in 8 years for…

A: Step 1: Given Value for Calculation Compound = Quarterly = 4Future Value = fv = $45,000Time = t = 8…

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A: Answer: Calculation of the amount that will be available to withdraw at the end of year 15: The…

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A: Monthly =PMT=1000Period=25 yearsNPER=25 x 12=300Interest rate=7%

Q: How much should be deposited now into an account earning 8.4 % interest per year, compounded every 6…

A: Compound = 6 months = Semiannually = 2Interest Rate = r = 8.4 / 2 = 4.2%Payment = p = $1500Time = t…

Q: Please help me , Fast solution please.

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A: Given:

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A: Dear student, we need to use NPER formula to calculate number of periods(N) in excel.

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Q: Skippy wants to have $16,000.00 in 7 years. His bank is offering an account that earns 2% compounded…

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Q: Suppose that you charged $8430 on a credit card to relocate for your first job. When you realized…

A:

Q: What lump sum of money must be deposited into a bank account at the present time so that ​$600 per…

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Q: You deposit $87000 into an account which pays 4% compounded quarterly. You leave the money in the…

A: Compound = Quarterly = 4Present Value = pv = $87,000Interest Rate = r = 4 / 4 = 1%Time = t = 10 * 4…

Q: You deposit $27,000.00 in an account that pays 4% compounded annually and immediately start making…

A: Given:

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A:

Q: You decide to save $6800 by making semiannual deposits for 5 years into an account which pays 3%…

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