Belinda invested a sum of money for her two-year-old child education in the amount of fifty thousand pesos at the rate of 10 ½% compounded quarterly. After a year, she added another fifty thousand on her investment. She withdraw the total amount of her investment when her child enter college at the age of 18. What is the maturity value of her investment?

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A: Details given are : Present value = $800 Future value = $1520 Time period = 1 year From above…

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A: Future value is value of the principal amount of $ 8000  after 18years at 5.6% compounded quaterly.…

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A: Future value of an amount is calculated as: = Amount * (1+rate)^number of periods

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A: Future Value = Future value is what money is expected to be worth in the future. Future Value…

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A: Introduction: Future Value refers to the value of investment to be received in the future at a…

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A: P = $5000 T = 5 SI = $1000 Where, P = Principal T = Time (No. of years) SI = Simple Interest

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

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A: Data given: FV= $16500 n=8 years r=12% (compounded annually) Required: what amount should she…

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A: The question gives the following information:

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Q: (a) Heather borrowed $5000 from her grandmother as a down payment on her first car. She promised to…

A: calculation of above requirement are as follows

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Q: When Xian was born, his father Brian deposited a sum of money for the college education of Xian.…

A: Present Value = Future Value x 11+in

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A: Value of sister's investment account in 7 years is calculated using following equation Future value…

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A: Interest = Principal * Rate of interest * Time

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A: Annuity -An arrangement between a person and the insurance company to make a number of smaller…

Q: Ann’s grandmother put some money in an account for her on the day she was born. She is now 18 years…

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A: Using excel FV function

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A: The future value function can be used for determining the future value of a present sum, or the…