How much should Nina set aside and invest in a fund earning 9% compounded quarterly if she wants to accumulate P200.000 in 3 years and 3 months? a. P158,900.50 b. P149,763.81 c. P125.784.56 d. P140.781.78

How much should Nina set aside and invest in a fund earning 9% compounded quarterly if she wants to accumulate P200.000 in 3 years and 3 months? a. P158,900.50 b. P149,763.81 c. P125.784.56 d. P140.781.78

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter27: Time Value Of Money (compound)

Section: Chapter Questions

Problem 10E

See similar textbooks

Related questions

Q: Ms Oksana Doe has just inherited an investment account worth $2,800,000 from her grandparents. The…

A: Initial value (I) = $2,800,000 Interest rate (r) = 0.06 or 6% Period of annual withdrawals (n) = 25…

Q: Your parents wanted to establish a travel fund that will provide them an annual travel 1. allowance…

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

Q: 1. Abbigail wish to establish a trust fund from which her daughter can withdraw $6,000 every six…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: How much money should Prisha invest today in a fund that earns interest at 4.02% compounded…

A: Here, Semi Annual Payment (PMT) is $7,750 Interest Rate (r) is 4.02% Compounding Period (m) is…

Q: Marco needs $175,000 six years from today. How much should Marco deposit today into an investment…

A: The present value method is used to evaluate the different levels of investment projects. With the…

Q: how much must your grandparents deposit today?

A: Perpetuity refers to an annuity that has no definite period and goes on for infinity. The annuity…

Q: How much money should Abigail invest today into a fund that earns interest at 3.75% compounded…

A: Since interest rate is compounded quaterly and payment of annuity is made semi annually, we need to…

Q: O A. $10,135.48 O B. S10,461.75 O C. $10,578.92 O D. $10,556.23 O E. S10,337.46

A: investment =10000 Rate of return =11% Expenses =5.75+1.25=7%

Q: You invest $1500 today and another $2000 18-months from today in a fund earning j4 = 8% for the…

A: Future Value (FV) is a financial concept that represents the projected worth of a sum of money at a…

Q: Lily has an account that pays 3.48% simple interest per year and wants to accumulate $4,000 in…

A: Interest per year can be calculated as: = Principal * Rate * Time

Q: Mr. Cruz wishes his daughter to receive P1, 000, 000 ten years from now. What amount should he…

A: Honor code: Since you have asked multiple questions, we will solve the first question for you. If…

Q: Suppose that a woman deposits $10,000 into an investment fund that guarantees to pay 0.5% interest…

A: Effective annual interest rate:The effective annual interest rate is a critical concept in the world…

Q: Saleh is considering an investment that will pay $5,000 a year for 7 years, starting one year from…

A: Given: Years = 7 Amount = $5, 000 Interesting rate = 12%

Q: Keisha has $4,400 now and plans on investing it in a fund that will pay her 16% interest compounded…

A: Future Value = Present Value x FV (1%, n periods)

Q: Hatim has invested in a fund that will provide him a cash flow of OMR 11700 for the next 20 years.…

A: Here, Annual Cash Flow is OMR 11,700 Discount Rate is 8.5% Time Period is 20 years

Q: How much money does Suzie need to have in her retirement savings account today if she wishes to…

A: Payment = p = $25,000Time = t = 3 YearsAverage Rate of Return = r = 13%

Q: Assume that Karen Williams desires to accumulate $1,000,000 in 15 years using her money market fund…

A: The present value method is used to evaluate the different levels of investment projects. With the…

Q: sonia which to establish a trust fund from which her son can withdrew $6000 every six months for…

A: Trust fund:A trust fund is a financial arrangement in which a trustee holds assets such as cash,…

Q: You would like to give your son $70,000 towards his college education 12 years from now. How much…

A: Part II question appears to be incomplete.Request you to re-post the question.Part I:Variables in…

Q: 1.1 Your parents set up a trust fund for you 22 years ago that is now worth R47 866,34. If the fund…

A: As per Bartleby guidelines, only 3 sub question can be solved at a time. Please reupload other…

Q: Margaret has an investment opportunity where she can receive cashflows as follows 1. $1,000 end of…

A: The present value is calculated by The present value of perpetuity is

Q: Suppose that Mrs. Villanueva would like to save P5.000 every month in a fund that gives 8%…

A: Here, Monthly Savings is P5,000 Interest Rate (r) is 8% Compounding Period (m) is Monthly i.e 12…

Q: Give the Given, solution and cash flow diagram. Reybien plans ahead for his 10-year-old daughter,…

A: The future value of an annuity: An annuity is a series of constant cash flows that occur at fixed…

Q: K Sarah Wiggum would like to make a single investment and have $2 4 million at the time of her…

A: The FV of the investment refers to the cumulative worth of the cash flows of the investment at a…

Question

How much should Nina set aside and invest in a fund earning 9% compounded
quarterly if she wants to accumulate P200.000 in 3 years and 3 months?
a. P158,900.50
b. P149.763.81
c. P125.784.56
d. P140.781.78

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

You invest $1500 today and another $2000 18-months from today in a fund earning j4 = 8% for the first 18 months followed by j2 = 6% thereafter. How much do you have at the end of 4 years? A. $4274.59 B. $4276.84 C. $4007.79 D. $4377.73
How much money should Prisha invest today in a fund that earns interest at 4.02% compounded quarterly, if she wants to receive $7,750 at the end of every 6 months for the next 3 years?
You invest $1500 today and another $2000 18-months from today in a fund earning j4 = 8% for the first 18 months followed by j₂ = 6% thereafter. How much do you have at the end of 4 years? OA. $4007.79 OB. $4377.73 OC. $4274.59 OD. $4276.84 27
Haresh
Hatim has invested in a fund that will provide him a cash flow of OMR 11700 for the next 20 years. If the discount rate is 8.5 percent, what is the present value of this cash flow stream Select one: O a. 147108.55 OMR O b. None of these O c. 124680.54 OMR O d. 110721.03 OMR O e. 127107.50 OMR
?
am. 09.
You have $10,000 to invest and you are considering investing in a fund. The fund charges a front-end load of 5.75 percent and an annual expense fee of 1.25 percent of the average asset value over the year. You believe the fund's gross rate of return will be 11 percent per year. If you make the investment, what should your investment be worth in one year? O A. $10,135.48 O B. S10,461.75 OC. $10,578.92 O D. $10,556.23 O E. $10,337.46
You deposit the following at the end of each year into a growth mutualfund that earns 11 percent per year:Year Deposit ($)1 4,0002 3,5003 2,5004 2,0005 1,700 ======== $13,700a. How much should the fund be worth at the end of 5 years?b. How much interest have you earned in total?
How much should he invest in a fund that pays 17% effective rate to accumulate Php350,000 in 4 years? O Php186,777.52 O Php322,211.31 O Php672,211.52 O Php167,765.69
Hatim has invested in a fund that will provide him a cash flow of OMR 11700 for the next 20 years. If the discount rate is 8.5 percent, what is the present value of this cash flow stream Select one: a. 110721.03 OMR b. 127107.50 OMR c. 124680.54 OMR d. 147108.55 OMR e. None of these
At the beginning of each year, you deposit the following into a growthmutual fund that earns 6 percent per year:Year Deposit1 $ 5,000.002 7,500.003 4,500.004 5,500.005 6,200.00 ======== $28,700.00How much should the fund be worth at the end of 5 years?