A person invests $50,000 in an investment that earns 6 percent. If $6,340 is withdrawn each year, how many years will it take for the fund to run out? Round to the nearest whole year. Round Present Value of Series of Equal Amounts in intermediate calculations to four decimal places.

Q: 3. A person deposits $18,000 in a fund that pays interest at the rate of 6% continuously. He…

A:

Q: A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is…

A: The amount of fund after final deposit can be calculated with the help of future value of annuity…

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: 2. Northern Flying Science is preparing to buy an aircraft estimated to cost $600,000 by making…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: How much money can be withdrawn at the end of 15 years if: a. $2,000 is deposited at the end of each…

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

Q: Paul Spear invested $13,000 today in a fund that earns 10% compounded annually. Click here to view…

A: The maturity value of the investment will be future value of amount invested today at the given rate…

Q: Stacy Medavoy will invest $8,480 a year for 20 years in a fund that will earn 11% annual interest.…

A: Variables in the question:PMT=$8480 (a year)N=20 yearsRate=11%Annuity due-Where payment is made at…

Q: Bright Inc. will be receiving $5,300 at the end of every month for the next 3 years. If these…

A: The objective of the question is to calculate the future value of a series of monthly payments…

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 If $6,000 is withdrawn each year,…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: Use the sinking fund formula to determine the payment needed to reach the accumulated amount. Round…

A: We need to calculate periodic/weekly payment by using sinking fund formula PMT =FVn1+rnn*t-1rn Where…

Q: You invested $7,000 at the end of each quarter for 8 years in an investment fund. If t balance in…

A: Solution: An amount deposited at end of every period is known as ordinary annuity. The formula for…

Q: Briac Steel sets aside $4900.00 at the beginning of every six months in a fund to replace equipment.…

A: An annuity is a set of periodic payments made in exchange for a lump sum payment. There are two…

Q: Amy Medavoy will invest $8,160 a year for 20 years in a fund that will earn 8% annual interest.…

A: The future value of the annuity is computed by the business entities so as to determine how much…

Q: Find the size of each of 9 payments made at the end of each year into a 8% rate sinking fund which…

A: An annuity is used to fulfill a financial goal by making regular payments at a specific interest…

Q: wo years from now. My Orly needs P32,000 to liquidate a certain debt. If money is worth 5%…

A: Time Period = 2 years * 4 = 8 quarters Interest Rate = 5%/4 = 1.25% per quarter Future Value…

Q: Deposits of $6000 are put into a fund at the end of each month for the next 9 years. At the end of…

A: The perpetuity refers to the regular payment of receipt for an infinite period of time at a  certain…

Q: You invested $6,000 at the end of each half-year for 8 years in an investment fund. If the balance…

A: The time period for investment should align with investors' financial goals and risk tolerance, and…

Q: Mark deposit $1,000,000 in a fund today, the conditions for payment to Mark are a fixed amount for…

A: using excel Goal seek to find out the fixed amount

Q: corporation hopes to withdraw $9,000 at the end of each year for six years from a fund that earns 7%…

A: Variables in the question:Withdrawal each year (PMT)=$9000 n=6 yearsRate=7%

Q: find the size of each 4 payments made at the end of each year into a 9% rate sinking fund which…

A: Future value (FV) = 63000 Interest rate (r) = 9% Number of annual payments (n) = 4

Q: Two payments of $12,000 and $3,500 are due in 1 year and 2 years, respectively. Calculate the two…

A: 1.The size of the two equal payments is $8,629.28  2.t = 3.62 years  3.r = 8.76%Explanation:Step…

Q: Pearl Medavoy will invest $7.680 a year for 20 years in a fund that will earn 4% annual interest.…

A: Future value can be calculated usingFV (rate, nper, pmt, [Pv], [type])Rate The interest rateNper…

Q: Equal deposits are made into a sinking fund at the end of each year for seven years. Interest is…

A: A sinking fund is a fund set up to pay off future debt. A fixed amount is put in at regular…

Q: You invested $5,000 at the end of each half-year for 7 years in an investment fund. If the balance…

A: The Future Value of a payment series is the total value of all the payments assuming a fixed growth…

Q: A corporation creates a sinking fund in order to have $440,000 to replace some machinery in 8 years.…

A: Time value of money (TVM) is used to measure the value of money at different point of time in the…

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: the present value of using an interest rate of 5%, a. By successive computations, using the present…

A: When considering the opportunity cost of having money now rather than later, present value indicates…

Q: What amount would you have if you deposited $2,100 a year for 40 years at 9 percent (compounded…

A: Annuity refers to the series of equal payments or receipts made at regular intervals for a…

Q: withdrawal is to be made 5 years from now, how long will it take for the fund to be depleted?

A: Future Value: It represents the compounded amount of the present sum invested over a period of…

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: To what amount will the following investment accumulate? $9,328, invested today for 31 years at 3…

A: To calculate the accumulated amount we will use the below formulaAccumulated amount = P*(1+r)nWhereP…

Q: In order to accumulate $500,000 after 25 years, calculate the amounts that must be invested at the…

A:

Q: Miguel contributed $300 at the end of every 3 months into an RRSP fund earning 2.84% compounded…

A: The RRSP stands for registered retirement saving plan. This scheme is created for employees and…

Q: If P20,000 is invested in a fund that pays 10% compounded annually, how much money will be in the…

A: Answer -    Part 1 -  If P20,000 is invested in a fund that pays 10% compounded annually, how much…

Q: how many years

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

Q: How much can be paid in scholarship at the beginning of each month if $200000 is deposited in a…

A: The amount to be paid monthly can be calculated from the function of present value of annuity due

Q: An investor needs $22,000 in 11 years. (a) What amount should be deposited in a fund at the end of…

A: This pertains to the concept of time value of money. Money deposited or invested today grows in…

Q: A corporation creates a sinking fund in order to have $520,000 to replace some machinery in 11…

A: A sinking fund is created to replace an existing machine. Future value of the sinking fund (FV) =…

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: At the end of every six months for 20 years, it gains value with an annual effective interest rate…

A: In this we have divide whole into two parts. and find out future value at the end of 20 years.

Q: A trust fund with a beginning balance of $24,000 earns interest at 5.0% compounded quarterly. If…

A: Trust funds are legal agreements that let people put money in a specific account for the benefit of…

Q: A corporation creates a sinking fund in order to have $680,000 to replace some machinery in 12…

A: Since you have posted a question with multiple sub-parts, we will provide the solution only to the…

Q: David Quincy wants to withdraw $30,800 each year for 10 years from a fund that earns 10% interest.…

A: Given:Annual payment = $30,800Interest rate = 10%Years = 10years.

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.