On September 1, 2010, you decided to put $ 10000 in a money market fund. On March 1, 2015,you deposit another $ 12000 and on January 1, 2018, you added another $ 14000. This fundpays interest at the annual rate of 7.2%, compounded monthly. Find the future value of the fundon January 1, 2018, just before the third deposit. a. $ 34372.59 b. $ 35346.46 c. $ 31635.26 d.$ 35257.40 e. $ 34877.29

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

Answered: On September 1, 2010, you decided to…

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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Georgia deposits $4,000 every three months for five years. The first deposit is made on March 31, 2016, and the last deposit is made on December 31, 2020. The fund earns 16% and interest is compounded quarterly. How much money will Georgia have on December 31, 2020, immediately after her last deposit? Factors for future value of an annuity of $1 are $123,876 $110,034 $119,112 $107,508
Sd
1. Let the annual interest rate be 6 %. Compute 871 Enter an answer correct to 6 decimal places. ä7 Enter an answer correct to 6 decimal places. 2. A fund is to be created which pays out a scholarship of £8,000 every year in perpetuity. The first scholarship will be paid out in 9 years' time. Assuming an interest rate of 2%, how much should be paid into the fund? £ Enter an answer correct to 2 decimal places.
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What sum of money must be deposited in a trust fund to provide a scholarship of $1550, quarterly for infinite period, if interest is 7.2% compounded quarterly? (Money should be rounded to 2 decimal place) USE ONLY CALCULATOR TO CALCULATE YOUR ANSWERS. PMT VY CAY 1 PV 1550 0.072 4 0.018 86111.11 4
You invest $1500 today and another $2000 18-months from today in a fund earning j4 = 8% for the first 18 months followed by j₂ = 6% thereafter. How much do you have at the end of 4 years? OA. $4007.79 OB. $4377.73 OC. $4274.59 OD. $4276.84 27
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You deposit the following, at the end of each year, into a growth mutual fund that earns 8% per year. Calculate the future total value of the fund at the end of 5 years. Enter Your answer rounded to decimal places, no dollar sign, ex. 5100.54 Year Deposit 1 8,000 2 6,000 3 4,500 4 9,500 5 6,000
A 148. Subject:- finance
How much must be deposited today into the following account in order to have a $135,000 college fund in 11 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 7.32% $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.) Enter your answer in the answer box. Type here to search 0 哥同

Question Annual deposits of $600 are made at the end of each year for 24 years in a fund that pays 7% in the first 8 years, 8% in the next 8 years, and 6% in the last 8 years. Find the AV of these deposits at the end of 24 years. Possible Answers B 24,329 27,681 C 30,209 D 32,761 E 34,271
E9-24 (Algo) Computing Future Values: Recording Growth in a Savings Account with Equal Periodic Payments LO 9-7 At the end of each year, you plan to deposit $3,600 in a savings account. The account will earn 8 percent annual interest, which will be added to the fund balance at year-end. The first deposit will be made at the end of Year 1. Note: Use Excel for those parts involving the time value of money. Required: 1. Assume you follow GAAP. Prepare the required journal entry at the end of Year 1. 2. What will be the balance in the savings account at the end of the 10th year (i.e., after 10 deposits)? 3. What is the interest earned on the 10 deposits? 4. How much interest revenue did the fund earn in the second year? In the third year? 5. Assume you follow GAAP. Prepare the all required journal entries at the end of the second and third years. Complete this question by entering your answers in the tabs below. Required 1 Required 2 and 3 Required 4 Required 5 2. What will be the balance…

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