Leon Inc. will deposit $53,700 in a 15% fund at the end of each year for 10 years beginning December 31, 2020. Click here to view factor tables What amount will be in the fund immediately after the last deposit? (Round factor values to 5 decimal places, eg. 1.25124 and final answers to 0 decimal places, eg. 458,581.) Amount in fund %24

Q: 4. In order to raise a fund at the end of 5 years, quarterly deposits of P200,000 were made at 4%…

A: A sinking fund is a fund set up by an organization or government to gradually accumulate money over…

Q: How much is in the fund at the end of 12 years, if it accumulated at 5% for the first 8 years, and…

A: Balance in the fund at the end of any period is the amount of money which includes the deposits…

Q: Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations.…

A: Solution: Required future value = $25,700 Nos of quarterly period = 5*4 = 20 Quarterly interest rate…

Q: On March 15, year 1, ABC Corporation adopted a plan to accumulate P1,000,000 by September 1, year 5.…

A: Amount to be accumulated = P1000000 Number of deposits (n) = 4 r = 10% Let the annual deposit = A

Q: Suppose an individual invests $24,000 in a load mutual fund for two years. The load fee entails an…

A: The annual return on the mutual funds over the two years investment period is  10.234 %Explanation:…

Q: On January 15, 2012, Dolan Corp. adopted a plan to accumulate funds for environmental improvements…

A: Annuity refers to the series of payments made at an equal set of intervals. Annuity due refers to…

Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

A: FV = $1,000,000 r = 5.8% Number of compounding per year (m) = 2 Period (t) = 30 Years

Q: Qin Jiushao deposits 1, 000 into a fund on January 1, 2020 and then another deposit of unknown…

A: Here, Deposit Amount is $1000 Time Weighted Yield Rate is 10%

Q: Deposits of $6000 are put into a fund at the end of each month for the next 9 years. At the end of…

A: The perpetuity refers to the regular payment of receipt for an infinite period of time at a  certain…

Q: On January 1, 2021, you deposited $6,100 in a savings account. The account will earn 10 percent…

A: Interest received at the end of each year will result in the compounding effect on the deposit at…

Q: Six annual deposits in the amount of $4,000, $3,300, $2,600, $1,900, $1,200 and $500, in that order,…

A: Future Value(FV) is compounded value of present amount at future date.

Q: $1,000 is invested in a fund at the beginning of the year. The fund rate of return is 8% for the…

A: Investment amount = $1000 Interest rate is divided semi annually First half year, Interest rate = 8%…

Q: Suppose an individual invests $40,000 in a load mutual fund for two years. The load fee entails an…

A: Here,Initial Investment is $40,000Front End Load is 3.%Annual Operating Expenses is 0.6%Annual Fund…

Q: Carla Vista Company has decided to begin accumulating a fund for plant expansion. The company…

A: Years = 5 years (2018, 2019, 2020, 2021, and 2022)Present value = $93,000 Annual payments (for 5…

Q: For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed…

A: Sinking Fund: It is the specific amount of money,needed at some future date,is accumulated by a…

Q: The first $2,000 deposit is made on December 31, 2020, interest is compounded annually, and interest…

A: Interest is the amount of profit earned on the deposit amount and is the rate of return earned.Given…

Q: You deposited $8,300 in a savings account. The account will earn 8 percent annual compound interest,…

A: Interest: It can be defined as the amount that is charged by the lender on the amount lent to the…

Q: Eight equal deposits of $1,000 are made at the end of each year into a fund paying 8%. a. What is…

A:

Q: 124 0.4950495 0.4926108 0.4901961 0.4854369 0.4807692 0221 0.3267547 0.3235304 0.3203485 0.3141098…

A: We have to find out future value FACTOR of annuity and find out quarterly payment.

Q: Consider an amount 25,000 in a fund today, October 25, 2022. Determine its value on the specified…

A: Ordinary interest rate is the method of calculating the interest charged on the loan, based on a 360…

Q: On January 1, 2025, Sandhill Company decided to begin accumulating a fund for asset replacement five…

A: The amount that is deposited today will be of cumulative worth tomorrow to be adjusted with the time…

Q: 6. On January 1, a pension fund has a balance of $X. A contribution of $200,000 is paid into the…

A: Contribution refers to the portion of sales revenue that gives coverage to fixed costs and desired…

Q: What equal deposits should be placed in a fund at the beginning of each year for 12 years in order…

A: Data given: FV=Php 20000 n=12 years Rate=5% (assumed compounded annually)   Required:  Equal…

Q: Find

A: RATE (7.2%/2) 0.036 PERIOD (45*2) 90 PRESENT VALUE 0 FUTURE VALUE $700,000

Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

A: Future Value is $2,200,000 Interest rate r is 4% compounded quarterly Quarterly rate is 4%4=1% Time…

Q: Commencing January 1 2022 Narelle plans to deposit $500 at the beginning of each month into an…

A: Given the following:  Periodic deposit, P = $500 Interest rate from 1 January to 30 June, r1 = 2.62%…

Q: How much can be paid in scholarship at the beginning of each month if $200000 is deposited in a…

A: The amount to be paid monthly can be calculated from the function of present value of annuity due

Q: A 10,000 loan is paid off over 10 years; interest is 6 percent effective. The borrower uses a…

A: Sinking funds are funds which are set aside for the repayment of a particular debt or loan.

Q: On March 15, year 1, ABC Corporation adopted a plan to accumulate P1,000,00 by September 1, year 5.…

A: When an equal amount is paid every period at the beginning of each period, it is called as an…

Q: Suppose an individual invests $10,000 in a load mutual fund for two years. The load fee entails an…

A: Initial investment=$10000Front end load=4%Annual fee=0.85%Annual return=5%Period of investment=2…

Q: are ? k of &, Deposits of $100 are made at the end of each calendar year from 2014 through 2019…

A: Time value It tells value received today has more value than that of receiving the exact value later…

Q: Deposits of $100 are made at the end of each calendar year from 2014 through 2019 inclusive. The…

A: Perpetuity is a series of payment which is made for an indefinite period of time. It does not end in…

Q: A sinking fund of $100,000 is to be established with equal payments at the end of each half-year for…

A: Present value = $100,000 Time = 15 years ;  semi annual period = 30 Rate =10% ; semi annual rate =…

Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: Contemplating retirement an individual wants to create a fund on an 6% basis allowing $10,000.…

A: Present Value of annuity due There are two types of annuity due: Payments are given at the end of…

Q: For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed…

A: Step 1 The worth of a series of recurrent payments at a specific future date, assuming a specific…

Q: estimated cost of $5,000,000

A: Annuity refers to the series of payments made at equal set of intervals. Annuity due refers to the…

Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

A: Future value can be computed by compounding each of the annual payment.  Future value can be…

Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

A: An amount of money set aside by an organization (such a government or business) specifically for the…

Q: At the beginning of each year? ___________ At the end of each year?

A: Information Provided: Funds amount = $300,000 Annual earning rate = 7.75% Term = 25 years

Q: A fund to replace a deteriorating machine will be formed by depositing $2000 at the beginning of…

A: Semiannual deposit (C) = $2000 Semiannual interest rate (r) = 0.035 (i.e. 0.07 / 2)   a.  Semiannual…

Q: Suppose that on January 1, 2021 the balance on a fund is $14940. Suppose that there are…

A: MonthsParticularsValuesJanuaryFund Balance on January 1$14,940FebruaryFund Balance on last day of…

Q: Commencing January 1 2022 Narelle plans to deposit $500 at the beginning of each month into an…

A: Here,MonthlyDeposit is $500Interest Rate for first six month is 3.76%Interest Rate for next six…

Q: néářést cent.) Frequency of payment Payment amount end of each Required Interest Length of time…

A: given, pv = $24700 TIME = 5 YEARS RATE =8% quarterly compounding

Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.