Ms Oksana Doe has just inherited an investment account worth $2,800,000 from her grandparents. The fund earns an annual interest rate of 6%. She plans to make uniform annual withdrawals from the account over the next 25 years. Answer the following two questions: 1. How much will each annual withdrawal be? OA. $223,160 OB. $47,320 OC. $50,960 OD. $232,120 OE. $218.960 2. What will be the balance in the account immediately after making the 8th annual withdrawal? OA. $1,359,098 OB. $1,048,320) OC. $2,294,110 OD. $2,431,991

Ms Oksana Doe has just inherited an investment account worth $2,800,000 from her grandparents. The fund earns an annual interest rate of 6%. She plans to make uniform annual withdrawals from the account over the next 25 years. Answer the following two questions: 1. How much will each annual withdrawal be? OA. $223,160 OB. $47,320 OC. $50,960 OD. $232,120 OE. $218.960 2. What will be the balance in the account immediately after making the 8th annual withdrawal? OA. $1,359,098 OB. $1,048,320) OC. $2,294,110 OD. $2,431,991

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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ennifer started to deposit ₱1,000 monthly in a fund that pays 6% compounded quarterly. How much will be in the fund after 15 years? Hide answer choices ₱18,009.77 ₱144,193.20 ₱253,927.62 ₱288,608.17
4) Ashley deposits $500 into an investment fund each January 1 starting in 2005 and continuing to 2014 inclusive. If the fund has an average annual growth rate of ji = 10%, how much will be in her account on January 1, 2019?
What should be the amount in an RRSP that is earning 7.50% compounded semi- annually if it can be converted to an RRIF that will provide $250 at the beginning of ea month for 7 years? 4 8 Round to the nearest cent Question 5 of 6 Sabrielle deposited $13,500 into a fund at the beginning of every quarter for 19 years. She then stopped making deposits into the fund and allowed the investment to grow for 4 more years. The fund was growing at 5.70% compounded monthly. Question 4 of 6 a. What was the accumulated value of the fund at the end of year 19? a. What is the present annually? of A contract requires lease payments of $400 at the beginning of every month for 5 years. Question 6 of 6 ntract if t lease rate is 4.50% compounded
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Suppose that Mrs. Villanueva would like to save P5,000 every month in a fund that gives 8% compounded monthly. How much is the amount or future value of her savings after 24 months? a. P121.986.25 b. P166,788.89 c. P145,665.78 d. P129,665.95
David Quincy wants to withdraw $30,800 each year for 10 years from a fund that earns 10% interest. Click here to view factor tables. How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First withdrawal at year-end First withdrawal immediately
Please answer for me any 3 questions!!
Ben invested P5000 in a fund at the beginning of every month for five years. The fund earning an interest rate of 5% compounded monthly. What was the total amount invested? a. None of the above b. P266, 057.50 c. P99, 378.77 d. P22, 729.75
Kenny decided to make a P1,000 monthly deposit in a fund that pays 6% compounded quarterly. How much will be in the fund after 15 years? a. P290,082.51 b. P118,729.52 c. P290,785.62 d. P199,567.25
Investment 1: Investing that $120,000 in a saving account for 15 years. There are two banks for her choice. Bank A pays a rate of return of 8.5% annually, compounding semi-annually. Bank B pays a rate of return of 8.45 annually, compounding quarterly. Investment 2: Putting exactly an equal amount of money into ANZ Investment Fund at the end of each month for 15 years to get 330 000 she still shorts of now. The fund is offering a rate of return 7% per year, compounding monthly.How much is the annual interest rate, assuming compounding annually Holly should aim at if she chooses to invest her $120 000 in a saving account to get the $450,000 ready in just 10 years from now?
Pearl Alvarez is investing $323,200 in a fund that earns 8% interest compounded annually. What equal amounts can Pearl withdraw at the end of each of the next 20 years? (Round factor values to 5 decimal places, eg 1.25124 and final answer to O decimal places, eg. 458,581) Yearly withdrawals=

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