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Jennifer started to deposit ₱1,000 monthly in a fund that pays 6% compounded quarterly. How much will be in the fund after 15 years?
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- Juan invested $10,500 into a fund earning 7.50% compounded monthly. She plans to withdraw $700 from the fund at the end of every quarter. If the first annuity withdrawal is to be made 5 years from now, how long will it take for the fund to be depleted?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 ₱288,608.17Peter set up a fund that would pay his family $4,000 at the beginning of every month, in perpetuity. What was the size of the investment in the fund if it was earning 5.50% compounded semi-annually?
- If Luis Jimenez makes annual deposits of $1,000 into a savings account for 30 years, how much will be in the fund immediately after his last deposit if the fund pays 6% interest compounded annually?Bradley set up a fund that would pay his family 3500 at the beginning of every month, in perpetuity.What was size of the investment in the fund if it was earning 5.50% compounded semi-annually?Garrett wants to accumulate at least $35,000 by depositing $1,500 at the end of each month into a fund that earns interest at 4.5% compounded monthly. a. How many deposits does she need to make in order to reach her goal? Round to the next payment b. How long will it take Garrett to reach her goal? o year(s) o month(s) Express the answer in years and months, rounded to the next payment period
- Mrs. Quiton deposited Php 120,000.00 into a college fund at the beginning of every month for 10 years . The fund earns 9% annual interest , compounded monthly . She paid at the end of the month . How much is in the account right after the last deposit ? 1. What is the type of annuity illustrated in the given problem? A. Simple Annuity B. General Annuity C. Deferred Annuity D. Complex Annuity 2. Determine the present value of the deposit. A. Php 12,000.00 B. Php 30,000.00 C. Php 60,000.00 D. Php 75,000.00Jaime Bickers invests $4000 at the end of each semiannual period for 8 years. His financial advisor told him the funds should earn about 6% compounded semiannually. Find the amount of the annuity.A man has deposited ₱50 000 in a retirement income plan with a local bank. This bank pays 9% per year, compounded annually, on such deposits. What is the maximum amount the man can withdraw at the end of each year and still have the funds last for 12 years?
- 2. Manuel is preparing for an income fund for his retirement. He wants to receive ₱ 15 500 at the beginning of each month for the next 25 years. The income fund pays 10.5% per year compounded monthly. How much must Manuel deposit now to pay for the annuity?A property worth $21.5M is purchased with a $5M down payment. The balance is to be paid monthly in 10 years at 12% compounded monthly. How much is the monthly payment? Clara deposits $15,000 every 3 months in a fund that earns 5% compounded quarterly. Assuming that she does not withdraw any amount, how much would she have in her account at the end of 6 years?Angela invested $10, 500 into a fund earning 7.75% compounded monthly. She plans to withdraw $850 from the fund at the end of every quarter. If the first annuity withdrawal is to be made 2 years from now, how long will it take for the fund to be depleted?
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