8.Student F asked money amounting to P 9,000 from his parents on the first month 2020 and 12,000 on 2022.He was able to pay P7,000 in 2023. He told his parents he used the money to buy Pets in Mydefipets. Hisparents agreed but in the condition that the remaining will be paid on the first month of 2024 while, thesecond amount on the first month of 2025 will be 50% larger than that of the previous year. Find the amountof each payment if the interest is at 12% annually.

In this we have to future values and than find out the present values to get the required amount.

Answered: parents on thế first mon was able 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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Student Fasked money amounting to P 9,000 from his parents on the first month 2020 and 12,000 on 2022He was able to pay P7,000 in 2023. He told his parents he used the money to buy Pets in Mydefipets. Hisparents agreed but in the condition that the remaining will be paid on the first month of 2024 while, thesecond amount on the first month of 2025 will be 50% larger than that of the previous year. Find the amountof each payment if the interest is at 12% annually
10) Vanessa wants to withdraw $8,000 each year from July 1, 2025 through July 1, 2029. The investment fund earns interest at a rate of 5%. In order to make these withdrawals, Vanessa will invest an annuity on July 1, 2021 through July 1, 2024. Calculate the annuity Vanessa needs to invest each year. Yellow Company purchases a truck on January 1, 2021. According to the contract Yellow will not make any payments in 2021, 2022 and 2023. Yellow is to make an annuity payment of $5,000 starting December 31, 2024 through December 31, 2028. Calculate the cost of the truck. 11) Stella has $3,000,000 in her investment fund. She wishes to withdraw $338,868 12) at the end of each of the next 13 years. What interest rate must she earn in order to accomplish her goal. A note receivable that is due in 15 months from now is always classified as a 13) long-term asset. (True/False) 14) A long-term note receivable should be disclosed in Other Assets in a classified balance sheet. (True/False)
A mother of two wishes her twin siblings to withdraw an amount of P20,000 each year starting on the 18th until 21st birthdays. If the money is 5% compounded annually. How much is the lumpsum would she need to pay? Select the correct response: 30941.73 O27331.54 O 29252.37 O I don't have any answer 31022.89
Solve the following problems. Show your solutions on a separate sheet of paper. 1. Your father is contemplating on joining the school cooperative and agrees to contribute monthly an amount of P4 000 for 6 months starting June 2019. According to the cooperative officials, his contribution shall earn 4% compounded monthly. Should your father join the school cooperative? 2. Your mother is being offered a variable life insurance (a permanent life insurance with an investment option) which requires her to pay an annual premium of P39 790 for 5 years. Assuming this fund allocation will earn 16% interest compounded quarterly, how much earnings would your mother get if she pursues this investment plan?
Please help me. Thankyou.
5. Jeri purchased an annuity contract for $18,600 ($50/month for 15.5 years). The contract began paying Jeri and Christina monthly payments of $200 in June 2022, when Jeri turned 65 and Christina was 59. The contract will continue to pay monthly payments while Jeri and Christina are living. How much income should they report on their 2022 tax return related to the annuity payments? $980 $1,400 $1,050 $0
(b) Chris Hitchcock is 43 years old today and he wishes to accumulate $512.000 by his 65 th birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 43 th through his 64 th birthdays. What annual deposit must Chris make if the fund will earn 8% interest compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Annual deposit eTextbook and Media Save for Later Attempts: unlimited Submit Answer %24
5
Jonathan is planning to retire on January 1, 2024. his goal is to have enough money in his savings account to be able to withdraw $2,000 per month beginning one month after retirement and continuing for 25 years after retirement. He earns an annual effective rate of interest of 10% on his account. Determine the minimum amount needed in his savings account on January 1, 2024, to accomplish his goal. Possible Answers $235,000 but $255,000
I understand the awnser to this question is B but can you explain in detail why it is B. You inherit $300, 000 from your parents and want to use the money to supplement your retirement. You receive the money on your 65th birthday, the day you retire. You want to withdraw equal amounts at the end of each of the next 20 years. What constant amount can you withdraw each year and have nothing remaining at the end of 20 years if you are earning 7% interest per year? A) $15,000 B) $28, 318 C) $33, 574 D) $39, 113
Jim wants to deposit an amount anually to meet his retirement needs. Assume that he will deposit a fixed annual amount for the next 20 years into a retirement savings account, starting one year from now. Mark has a son who will be attending college and plans to make 5 withdrawals (starting one year after making his final deposit into the retirement account) of $35,000 each to pay for his annual tuition for the following 5 years. Commercial Banks will be paying 6 percent on such retirement accounts for the next 25 years. How much should Mark place in the account annually to cover his retirement needs.
H2). I only need required B and C Please and thank you!

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