calculate the amound of the final withdrawl

Q: Sue has contributed $2,843.00 every three months for the last 11 years into an RRSP fund. The…

A: Future value of the money include the amount being deposited and amount of compounding interest…

Q: An investor wishes to accumulate 10,000 in a fund at the end of 19 years. To accomplish this, she…

A: The concept of time value of money will be applied here.   The amount of X being deposited in each…

Q: Blake contributed $690 at the end of every 3 months into an RRSP fund earning 2.98% compounded…

A: Annuity = $690Period = 7 yearsNumber of Payments per year = 3/12 = 4Interest rate = 2.98% per annum

Q: Laurence contributed $4,135 at the end of every 6 months to an RRSP fund earning 7.11% compounded…

A: The objective of the question is to calculate the future value of Laurence's RRSP fund, the amount…

Q: onthly. After this period, the accumulated money was left in the account for another 5.5 yea e same…

A: Future value of deposit includes the amount being deposited and amount of compounding interest…

Q: Mr.Myers has contributed $137.00 at the end of each month into an savings fund paying 5% per annum…

A: The effective annual interest rate describes the actual interest rate associated with an investment…

Q: Emile has deposited $100 at the start of each month to a savings fund for the last 3 ½ years. If the…

A: Monthly deposit = $ 100 Period = 3.50 Years = 3.5*12 = 42 Months Interest rate = 8% Quarterly…

Q: A deposit of $20,000 is placed in his scholarship fond that earns an annual interest rate of four.…

A: Time value of money is a financial concept which is used to calculate the value of money in present…

Q: Sue has contributed $2,843.00 every three months for the last 11 years into an RRSP fund. The…

A:

Q: Tara wishes to accumulate $29,000 in 5 years. Use the appropriate formula to find the sinking fund…

A: first thing is calculate semiannual interest rates and semiannual period and from table you can get…

Q: ch money can be withdrawn at the end of 22 years if $3,000 is deposited at the end of each year for…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: Alp Bilgin deposits $33.000 in asaving account that pays 9%interest compounded monthly.Four years…

A: The objective of the question is to find out the total amount in the account eight years after the…

Q: The annual effective interest rate is 6%. Determine X.

A: To determine the value of X, we need to calculate the future value of the monthly deposits made by…

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: Jaime Bickers invests $4000 at the end of each semiannual period for 8 years. His financial advisor…

A: Calculate the future value as follows:

Q: monthly. After this period, the accumulated money was left in the account for anothe same interest…

A: Introduction: Future Value refers to the investment value to be received at a constant growth rate.…

Q: 1. Amy made semiannual deposits of $3,100 at the beginning of every every six months into a fund…

A: Semi Annual Deposit = 3100 Beginning of period deposits Interest Rate = 6.8%/2 = 3.4% per semi…

Q: Urgently need. An engineer wishes to set up a special fund by making uniform semiannual…

A: Present Value:  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: A retired couple plans to supplement their retirement income with monthly withdrawals of the…

A: In this question, the retired couple plans their income if they have a balance of 200000 in the…

Q: Sean contributed equal deposits at the end of every month for 2 years into an investment fund. He…

A: This can be solved in excel. Put the cell for the monthly deposits as a blank. Now for determining…

Q: K Mr. Deneau accumulated $94,000 in an RRSP. He converted the RRSP into a RRIF and started to…

A: Step 1:Step 2: Step 3: Step 4:

Q: 1. Emily and Jimmy each make deposits of 150 at the end of each year for 30 years. Starting at the…

A: An annuity is a series of periodic payments that are paid for a lump sum amount that is paid. There…

Q: $2,950 was deposited at the end of every six months for 8 years into a fund earning 4.5% compounded…

A: Semi-annual deposits are $2,950 The time period of deposits is 8 years The interest rate is 4.5%…