A man invests P10,000 now for the college education of his 2-year old son. If the fund earns 14% effective, how much will the son get each year starting from his 18th to the 22nd birthday
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Q: 1) millet wants to provide a ₱200,000 graduation gift for her daughter mae who is now 16 years old.…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
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A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…
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- 2. a man invests P 10,000 now for the college education of his 2 year old son. If the fund earns 14% effective, how much will the son get each year starting from his 18th to the 22nd birthday?A man invested P50,000 now for the college education of his 2-year old son. If the fund earns 14% effective, how much will the son get each year starting from his 17th to the 21st birthday? show step by step.3. A man invests P 10,000 now for the college education of his 2 year old son. If the fund earns 14% effective interest rate, how much will his son get each year starting from his 18th to the 22nd birthday.
- Your grandparents would like to establish a trust fund that would pay annual payments to you and your heirs of $100,000 a year forever. How much do your parents need to deposit into this trust fund today to achieve their goal if the fund can earn 6% interest?Mr. Wise is creating a college investment fund for his daughter. He will put in P850 per year for the next 15 years and expects to earn an 8% annual rate of return. How much money will his daughter have when she starts college? * P12,750 P23,079 P11,250 P24,003 P12,263Your parents would like to establish a trust fund that would pay annual payments to you and your heirs of $500,000 a year forever. How much do your parents need to deposit into this trust fund today to achieve their goal if the fund can earn 7% interest?
- Suppose you make an annual contribution of P9,993 each year to a college fund for a niece. He is 6 years now, and you will start next year and make the last deposit when he is 19. The fund is a money market account earning 6.74% per year. What will it be worth immediately after the last deposit?A man invest P 50, 000 now for the college education of his 2 year old son. Money is 14% effective. How much will the son get each year starting from his 18th to 22nd birthday?Mr. Blochirt is creating a college investment fund for his daughter. He will put in $7,000 per year for the next 17 years and expects to earn a 12% annual rate of return. How much money will his daughter have when she starts college?
- A man invested P60,000 now for the college education of his 2-year old son. If the fund earns 14% effective, how much will the son get each year starting from his 17th to the 21st birthday?With cashflow diagram pleaseTatsumi invested Php 10,000 now for the college education of his three-year old son. If the fund earns 14% effective, how much will the sun get each year starting from 19th to 22nd birthday?Donald will receive $450,000 from his trust fund in 20 years from today. He assumes he could get a return of 6% on his own until then. How much is his trust fund payment worth in today's dollars?
