Current Attempt in Progress* Your answer is incorrect.Carla Medavoy will invest $9,600 a year for 20 years in a fund that will earn 5% annual interest.Click here to view factor tables.If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimalplaces, eg. 458,581.)First payment todayFirst payment at year-end $509433.1594485174.4375

Future value can be calculated usingFV (rate, nper, pmt, [Pv], [type])Rate The interest rateNper…

Answered: If the first payment into the fund…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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What sum of money must be deposited in a trust fund to provide a scholarship of $1550, quarterly for infinite period, if interest is 7.2% compounded quarterly? (Money should be rounded to 2 decimal place) USE ONLY CALCULATOR TO CALCULATE YOUR ANSWERS. PMT VY CAY 1 PV 1550 0.072 4 0.018 86111.11 4
Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations. Round your answer to the nearest cent.) Frequency of payment Payment amount end of each Required Interest Length of time amount rate period 24,700 Quarterly 5 years 8% acer %24
An investor is setting up a fund which requires 18 years of contributions. The investor pays £100 per month for 15 years. After 15 years, the payments increase by £20 for the subsequent 3 years. All payments are made in arrears, i.e at the end of the period. The effective annual rate i = 6%. What is the value of the fund after 18 years? £ Number Enter an answer correct to 2 decimal places.
An investor is setting up a fund which requires 18 years of contributions. The investor pays £200 per month for 15 years. After 15 years, the payments increase by £10 for the subsequent 3 years. All payments are made in arrears, i.e at the end of the period. The effective annual rate i = 2%. What is the value of the fund after 18 years? £ 数字 Enter an answer correct to 2 decimal places.
8. Deposits of 1000 are placed into a fund at the end of each year for the next 25 years for the subsequent purchase of a perpetuity. Five years after the last deposit, annual payments commence and continue forever. If i = .09 then find the amount of each payment.
Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.) FV = $1,500,000, r = 4.7%, compounded semiannually for 25 years
B 2. Deposits of $6000 are made every 6 months into a fund starting today and continuing until 10 deposits have been made. Six months after the last deposit, there is $70 630 in the fund. What nominal rate of interest, j2, do the deposits earn?
On 1 January 2019, you invested £100 in a fund. A further £50 was invested on 1 January 2020. The values of the funds were: Date Fund Value (in £) 31 Dec 31 Dec 31 Dec 2018 2019 2020 0 105 242 Calculate the money-weighted rates of return over the period 1 January 2019 to 31 December 2020. Give your answer to 3 decimal places.

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