Lifetime savings accounts, known as LSAS, allow people to invest after - tax money without being taxed on any of the gains. If an engineer invests $11,000 now and $ 11,000 each year for the next 15 years, how much will be in the account immediately after the last deposit, provided the account grows by 11% per year? After the last deposit, the balance in the account will be $

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A: Assume annual payment as P.

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A: Given  Future value F=200,000+500x     Uniform gradient value G=300+x Let initial investment is A1…

Q: am. 134.

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A:

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Q: 1 4 Years $300 $400 $500 $600 3.

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A: Future Value = Present Value (1 + r / 100) ^ n FV = $1000 r = 4.7% / 4 = 1.175% (As it is compounded…

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A: Amount in account = $1,000,000 The amount he will spend each year =$200,000 Interest = 10%

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A: Formula used- Pv = fv(p/f,i,n) + coupoon payment(p/a,i,n)

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A: YEAR INCOME SAVINGS ACCUMULATED AMOUNT 1 1000000 200000 220000 2 1010000 202000 244420 2…

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A: Answer (A)

Q: What is the number of periods that a capital of $500 invested at a rate of 10% will rise to $3.5007

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A: Solution : Formula :  Annual Payment :   Discount Rate : the Expected Return Rate is 5% Calculation…