How much must a man place in a fund at the end of each month in order to have P12,500 at the end of 4 years, if money is worth 7% compound monthly? Construct a sinking fund table for 6 months.

Q: What would you pay for an annuity of $2,000 paid every six months for 12 years if you could invest…

A: Details given in the question are : Annuity payment every six months (PMT) = $2000 Time period (n) =…

Q: If you invest $10,000 on the last day of each year for five years at 4% how much money will you have…

A: Following details are given in the question : Present value = 0 Investment at every year end =…

Q: Juan invested $10,500 into a fund earning 7.50% compounded monthly. She plans to withdraw $700 from…

A: Working note for calculations. Note for Converting Quarter into years:- Number of year to deplete =…

Q: Suppose you make 30 annual investments in a fund that pays 6% compounded annually. If your first…

A: Annuity-An annuity is a stream of cash flows that exists for a fixed period of time. Depending on…

Q: Michael wants to accumulate $38,000 in a fund with payments of $1,700 made at the end of every…

A: It can be calculated using=NPER(rate,pmt,pv,[fv],[type])Rate The interest rate for the loan.Nper…

Q: today

A: Formula to calculate FV of annuity: If payment done at the beginning of the year: FV =…

Q: A company makes fixed annual payments to a sinking fund to replace equipment in five years’ time.…

A: Future Value of Money Required = 200,000 Time Period = 5 years Interest  Rate = 10%   Future Value…

Q: Suppose Mrs. Aquino would like to save Php 400 at the end of each month, for six months in a fund…

A: In the given question Php 400 will be deposited at the end of each month for 6 months. The amount…

Q: a. A pension fund has to pay out $750,000 to the retirees at the end of every month for the next 50…

A: Time value of money (TVM) refers to the method or concept which is used to determine the amount of…

Q: Our clients saved $2,500,000 for retirement.  They wish to withdraw $20,000 from the fund each month…

A: An annuity is a contract where periodic payments are made in the future in return for a lump-sum…

Q: you are to receive $ 16700 from your trust fund in 7.5 years. you negotiate a deal where you can…

A: Future value refers to the value of current asset at some future date affected by interest and…

Q: Our clients saved $2,500,000 for retirement.  They wish to withdraw $20,000 from the fund each month…

A: Present Value of Ordinary Annuity refers to the concept which gives out the discounted or today's…

Q: Robert wants to deposit $300 into a fund at the beginning of each month. If he can earn 10%…

A: Given information : Monthly deposit = $300 Interest rate = 10% Tenure = 6 years

Q: Brenda expects to receives Sh.50,000 at the end of each year for 5 years in a fund earning 10% per…

A: The present value of an annuity is a series of payments or receipts lasting for some specific…

Q: A new engineer wants to save up P1,000,000. He will contribute P5,000 annually to an investment…

A: Introduction:- The devotion of an asset to achieve a gain in value through time is referred to as an…

Q: Tiffany has accumulated $60,000 in a mutual fund. If she continues to deposit $300 at the beginning…

A: Future value of a fund is the accumulated amount in the fund over a period of time with deposits and…

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

A: Given information, Target amount of total accumulation (A) = $29,000Time (t) = 5 yearsPayment and…

Q: Newman Quincy wants to withdraw $32,700 each year for 14 years from a fund that earns 10% interest.…

A: 1. How much must he invest today if the first withdrawal is at year-end?  Year Cash flows pvf @…

Q: In order to have ₱1 million in a fund at the end of 15 years, how much must be deposited in the fund…

A: Future value (FV) is ₱1,000,000. The maturity period is 15 years. The interest rate is 10.5%. 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: Angela invested $10, 500 into a fund earning 7.75% compounded monthly. She plans to withdraw $850…

A: Dear student, kindly check the answer in the explanation box below.Explanation:Part 1: Answer:To…

Q: ounded quar

A: Given: To find the amount how much she needs as,

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: How much does your client need to contribute to a fund each month for the next 25 years (first…

A: Annuity refers to an amount or stream of equal cash flows (CF) paid or received periodically.…

Q: A person is offered a gift of $5,000 now or $8,000 five years from now. If such funds could be…

A: Present value is an estimate of the present value of future cash flows received, discounted at an…

Q: P25,000 on top of his regular annual deposit. HoW much money can he withdraw from the fund ten years…

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

Q: 4) A person puts 200 dollar to a pension fund every month. This is invested in Eurobonds yielding %8…

A: Compound = Monthly = 12Payment = p = $200Yielding = r = 8 / 12 %Time = t = 20 * 12 = 240

Q: month into a fund that earns interest at 4.50% compounded m a. How many deposits does she need to…

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

Q: Tran Lee plans to set aside $1, 800 a year for the next six years, earning 4 percent. What would be…

A: An annuity refers to a series of cash flow that are usually fixed in nature and that occurs…

Q: You deposit 20,000 today into a fund paying (i)=8%. From this fund, you receive 10 payments of R,…

A: Computation of R:

Q: The PUR Foundation deposits $2,500,000 today in a fund earning 6% APR compounded monthly.  What will…

A: Deposit Amount (PV) is $2,500,000 Interest Rate (r) is 6% Time Period (n) is 10 years  Compounding…

Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…

A: Ordinary Annuity According to given information woman deposits the amount at the end of each month…

Q: Answer the question and draw a cashflow diagram. A man inherited a regular endowment of P10,000…

A: Given: Amount = P10000 Years = 10 Interest rate = 14%

Q: Tuck Hardware Store will have $30,000 payment due in 5 years. How much would they need to invest…

A: Computation:

Q: How much should you put into a 13% (annual rate) savings account in order to have 20,000 dollars in…

A: Future  value = $20,000Annual rate = 13% = 0.13Number of years = 6

Q: Your RRSP savings of $50,000 are converted to a RRIF at 5.25% compounded monthly that pays $5,400 at…

A: Present value of amount = $50,000Interest rate = 0.0525Monthly payment (PMT) = $5,400