P25,000 on top of his regular annual deposit. HoW much money can he withdraw from the fund ten years from now, if the rate of return is 15.2% annually?

Q: Roland just put RM1,000 in the fixed deposit and intend to leave it there for 10 years. If the bank…

A: Formula Future value = PV*(1+(i/c))n*c Where PV = Present value i.e. RM1,000 i = Interest rate i.e.…

Q: What would you pay for an annuity of $2,000 paid every six months for 12 years if you could invest…

A: Details given in the question are : Annuity payment every six months (PMT) = $2000 Time period (n) =…

Q: A man deposits ₱2000.00 today at 8% account. He intends to deposit ₱5000.00 at the end of two years.…

A: Future Value is the value of current investments at a certain future date at the assumed…

Q: If your trust fund promises to pay you RM25,000 on your 24th birthday (6 years from today) and earns…

A: Promised amount (F) = RM 25000 n = 6 years r = 9%

Q: How much will I have 8 years from now, if I will invest P10,300 at the end of each three months for…

A: Future value is the worth of any asset or any sum of money at a future date when such asset or money…

Q: you are to receive $ 16700 from your trust fund in 7.5 years. you negotiate a deal where you can…

A: Future value refers to the value of current asset at some future date affected by interest and…

Q: Hamad will receive the following payments at the end of the next three years: AED 40,000, AED…

A: Given: Year 1 cash flows = AED 40,000 Year 2 cash flows = AED 50,000 Year 3 cash flows = AED 65,000…

Q: Dylan is setting up an income fund for his retirement. He would like to receive $12000 every 6…

A: The Present Value of Ordinary Annuity refers to the concept which gives out the discounted or…

Q: wo years from now. My Orly needs P32,000 to liquidate a certain debt. If money is worth 5%…

A: Time Period = 2 years * 4 = 8 quarters Interest Rate = 5%/4 = 1.25% per quarter Future Value…

Q: Peter will deposit R100 in the 1st year into a savings account. Beginning 2nd year his  deposit will…

A: A financial product or investment known as perpetuity guarantees an endless stream of consistent…

Q: Lee wants to receive $18,000 each year for the next 20 years. Assume a 4% rate compounded annually.…

A: Annual receipt (C) = $18,000 Interest rate (r) = 0.04 Period (n) = 20 Years Amount need to invest…

Q: You deposit $1000 into an account that pays 10% per year, compounded monthly. How much money will…

A: STEP 1 Compound interest simply indicates that the interest paid on a savings account, loan, or…

Q: 300,000 for retirement in 35 years. You earn 5% interest. How much would you need to deposit in the…

A: Future value required (FV) = 300,000 Interest rate = 5% Monthly interest rate (r) = 5%/12 =…

Q: How much will I have 8 years from now, if I will invest $10398 at the end of each three months for…

A: The future value of the annuity is the total value of all the payments which is occurred regularly…

Q: Pedro, who deposited P500,000.00 today  with a financial Institution M, agreed with the latter that…

A: Monthly interest rate = Annual interest rate / Number of months in a year = 8%12 = 0.666666667%…

Q: An annuity offers $1,000 for 10 years. If you can earn 12 percent annually on your funds, what is…

A: Annuity Amount = $1,000 Years(n) = 10 Interest Rate(r) = 12% Present Value of Annuity =…

Q: If your trust fund promises to pay you $25, 000 on your 24th birthday (6years from today) and earns…

A: Present Value is the current worth of an amount to be received in future. To calculate the present…

Q: Beginning a year from now, Bernardo O’Reilly will receive $20,000 a year from his pension fund.…

A: Present value is the current worth of future payments from the specific investment.…

Q: You expect to receive P1,000 at the end of each of the next 3 years. You will deposit these payments…

A: Future value: It can be defined as the value of an investment or any asset at a specified future…

Q: You will receive $5,000 in six years.  When you receive it, you will invest it for 7 more years at…

A: The FV of an investment refers to the combined value of the cash flows of the investment at a…

Q: Kenneth decides to put away an amount of R400,00 for 15 years, at the end of every month, towards a…

A: The present value of the annuity can be calculated using PV Function in excel. PV (rate, nper, pmt,…

Q: You plan on saving $15,200 this year, nothing next year, and $17,500 the three years after that. You…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: Andi wishes to have P100,000 in 10 years, how much must she deposit today in an account that pays an…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: You are scheduled to receive $27,000 in two years. When you receive it, you will invest it for 7…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: f 10,000 is deposited in the bank annually with a 12% per year interest rate. how long will the…

A: Annual Deposit = 10,000 Interest Rate = 12% Future Value Required = 1,000,000

Q: You deposit $4000 each year into an account earning 2% interest compounded annually. How much will…

A: The Future Value of an Ordinary Annuity refers to the concept which gives out the compounded or…

Q: deposit P5,000 at the beginning of every year into an investment which earns 16% interest per year…

A: Solved using Financial Calculator  (i) Amount at the end of 4th Year SET BGN Mode in Calculator.…

Q: Tran Lee plans to set aside $1, 800 a year for the next six years, earning 4 percent. What would be…

A: An annuity refers to a series of cash flow that are usually fixed in nature and that occurs…

Q: A fund is to be created which pays out a scholarship of £7,000 every year in perpetuity. The first…

A: Perpetuity are funds that are paid over the whole life period of annuities. Value of perpetuity is…

Q: If you invest a lump-sum amount of P25,000 at an interest rate of 12%, compounded annually, how much…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: Let us assume that Paulie will receive a one-time payment of $56,000 seven years from now. Assuming…

A: Present Value is the current price of future value which will be received in near future at some…

Q: You wish to have an annual cash inflow of $48,000 at the end of each of 6 years. How much must you…

A: Cashflow(PMT) $48,000  Time (n) = 6 years  Rate (r) = 4%

Q: If Ms Chan is thinking of putting RM10,000 into the saving accounts at the end of each year for 10…

A: Annual deposits (PMT) are $10,000. The rate of interest (Rate) is 8%. The maturity (Nper) is 10…

Q: Determine the annual payment required to fund a future annual annuity of $12,000 per year. You will…

A: Present value =cash flow×1-(1+r)-nr r = rate n = number of periods

Q: 4. You wish to accumulate RM100,000 at the end of 20 years. To do this, you need to deposit an equal…

A: We need to use future value of ordinary annuity formula to calculate annual payment to achieve goal.…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.