FEU has been bought by an individual. It is to be paid 4% compounded semi-annually, eight times a year for 10years with an amount of 3.8Million per payment. If the payment is to start 4 years from today. What is the accumulated amount after 25 years?

Q: Vusa has invested $420000 in an annuity that pays interest at the rate of 3.6% per annum,…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: hat is the future value of 15 periodic payments of $26,000 each made at the end of each period and…

A: Future values of payments includes the principal payment and payment of interest and present value…

Q: A company wants to have $50,000 at the beginning of each 6-month period for the next 4.5 years. If…

A: Final amount = $50,000Time = 4.5 years Rate = 6.23% compounded semi-annually

Q: What is the discounted value of payments of $38.00 made at the end of each year for 8 years if…

A: The time value of money is the foundational concept in finance which takes into account the effect…

Q: The annual effective rate is 5%. An annuity is paid continuously at a rate of P pounds per month.…

A: The idea of the time value of money (TVM) holds that a quantity of money is worth more now than it…

Q: Find the present value of the following future amount. $300,000 at 12% compounded semiannually for…

A: Present Value refers to a concept that states the discounted value or say value at today's time of…

Q: For $5,000, you can purchase an ordinary annuity that will pay you $920.23 each year for 8 years.…

A: The annuity is the periodic payment received in each period. The present value is the discounted…

Q: A company wants to have $40,000 at the beginning of each 6-month period for the next 4.5 years. If…

A: The given problem is on Annuity due Annuity due is an annuity whose  payment is due immediately at…

Q: A company wants to have $50,000 at the beginning of each 6-month period for the next 4+1/2 years. If…

A: Final amount = $50,000Time = 4.5 years Rate = 6.23% compounded semi-annually

Q: What is the present value of $2,000 that will be received after 4 years if the interest rate is 12%…

A: Solution:When some amount is invested somewhere, it earns interest on it.The amount initially…

Q: 1. Mary made a loan of P58,000 to supply her new business. It is to be amortized by ten equal…

A: We need to use RATE function in excel to calculate interest rate. Formula is =RATE(NPER,-PMT,PV)

Q: What is the amount of each payment if Plascote Industries borrows $32,600, at  an annual interest of…

A: for calculating amount to be paid for each installment we use PMT function in excel to determine the…

Q: Find the future value of an annuity of $1500 paid at the end of each year for 10 years, if interest…

A: Calculation of future value of annuity: Answer: Future value of annuity is $20,724.67

Q: What sum deposited today at 5% compounded annually for 13 years will provide the same amount as…

A: A series of payment made at the end of each period with equal intervals of time is an ordinary…

Q: Find the future value (in dollars) of the investment. (Round your answer to the nearest cent.)…

A: Future value of annuity = P * [ (1+r)^n  - 1 ] /r  where, P= annuity amount i.e. $8000 r =rate of…

Q: A 20-year annuity was purchased with $180,000 that had accumulated in an RRSP. The annuity provides…

A: Time Period = 20 Years Interest rate = 5% Present Value = $180,000