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: A company sold $250,000 bonds and set up a sinking fund that was earning 8% compounded semi-annually…

A: Sinking fund refers to a fund started by the company which saves or set aside some fund or money…

Q: What is the amount of the payments that Steve must make at the end of each of 12 years to accumulate…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

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: 4. A certain principal P was invested in a fund at a rate of 14% compounded monthly for the first…

A: Compound interest is the method in which the amount after a period is added back to the investment…

Q: In January 1977, 100 $ was invested at 3% annual compound interest. In the following years, 200 $…

A: The future value of money refers to the accumulation of the present amount with a certain rate of…

Q: *

A: He will get the interest in two phases 1. for the first 10 years when he deposits 4000 annuities per…

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: In order to meet some future liabilities, a company makes the following series of regular…

A: Given information : First three year payments made in every 4 months  13633 Second four year…

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: Chris Spear invested $12,000 today in a fund. To what amount would the investment grow in 3 years if…

A: Here,Amount invested today (PV) is $12,000Time Period (n) is 3 yearsInterest Rate (r) is…

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: An amount of $14951 is deposited into a fund that earns a nominal annual rate of interest is 4.4%…

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

Q: Paul Spear invested $13,000 today in a fund that earns 10% compounded annually. Click here to view…

A: The maturity value of the investment will be future value of amount invested today at the given rate…

Q: Stacy Medavoy will invest $8,480 a year for 20 years in a fund that will earn 11% annual interest.…

A: Variables in the question:PMT=$8480 (a year)N=20 yearsRate=11%Annuity due-Where payment is made at…

Q: In order to accumulate $1,000,000 over 20 years, how much would you have to invest at the beginning…

A: Future value of money is the amount of deposit done and amount of compounded interest accumulated…

Q: An investor wishes to accumulate 10,000 in a fund at the end of 19 years. To accomplish this, she…

A: The concept of time value of money will be applied here.   The amount of X being deposited in each…

Q: Amy Medavoy will invest $8,160 a year for 20 years in a fund that will earn 8% annual interest.…

A: The future value of the annuity is computed by the business entities so as to determine how much…

Q: None

A: Future value refers to the amount accumulated at the end of a certain period from the amount…

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

A: Solution: Future value of fund at the end of 2023 = Initial deposit * FV for 1 at 4% for 5 periods +…

Q: Find the amount of each payment to be made into a sinking fund earning 7% compounded monthly to…

A: According to the time value of money, a dollar amount in possession is worth more than that must be…

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: Pearl Medavoy will invest $7.680 a year for 20 years in a fund that will earn 4% annual interest.…

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

Q: Red Company invested $10,000 in a fund that was earning interest at a rate of 4.00% compounded…

A: Here, Investment Amount is $10,000 Interest Rate is 4% for 2.5 years Interest Rate after 2.5 years…

Q: Find the amount of each payment to be made into a sinking fund earning 5% compounded monthly to…

A: A sinking fund is a fund created for paying off debt obligation by setting aside specific amount…

Q: Adams Inc. will deposit $55,100 in a 10% fund at the end of each year for 8 years beginning December…

A: The future value of an annuity denotes the cumulative worth of regular payments over a period,…

Q: Consider an amount of 25,000 in a fund today, October 25, 2022. Determine its value On Mar. 5, 2023…

A:

Q: What will be the balance on September 027 in a fund which is accumulated by aking $30,000 annual…

A: The estimated amount that an initial quantity of money will grow to, taking into account the…

Q: payments

A: As the payments are made at the end of the year, this is an ordinary annuity. Hence the future value…

Q: John made a deposit of 4400 into a fund ot the þeginning of each year for 16 years. At the end of 16…

A: FV of annuity = Payment * (1+i)n-1i

Q: Samuel David wants to make 5 equal annual withdrawals of $8,000 from a fund that will earn interest…

A: The present value is comparing a sum of money's current value to its future value. It takes…

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: Coronado Corporation will invest $30500 every January 1 for the next six years (2025-2030). If…

A: Future value is the amount of money an investment will be worth at a specific future date, based on…

Q: Morgan Inc. will deposit $53, 700 in a 15% fund at the end of each year for 8

A: The value of an investment or cash flow at a later time, predicated on a specific interest rate or…

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: 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: 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: Serena Medavoy will invest $7,680 a year for 20 years in a fund that will earn 4% annual interest.…

A: The future value of an investment is the total value of all contributions (both initial and ongoing)…

Q: What will be the balance in the fund within $10 on Jan 1, 2025 (one year after the last deposit)?

A: Time value of money: Time value of money refers to the concept that the value of money available at…

Q: On September 1, 2010, you decided to put $ 10000 in a money market fund. On March 1, 2015, you…

A: Investing in an opportunity is performed by investors to make some money out of it. The value that…

Q: today in the following account in order to have a $115,000 college fund in 16 years? Assume no…

A: Amounts available after 16 years = $115,000Interest rate = 7.67%( compounded quarterly)Number of…

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.