Question 1 of 7 A local university received a $150,000.00 gift to establish an endowment fund for a student scholarship. The endowment fund earns interest at a rate of 3.00% compounded semi-annually. The university will award the scholarship at the end of every quarter, with the first scholarship being awarded four years from now. Calculate the size of the scholarship that the university can award. Scholarship = $0.00 Round to the nearest cent

Question 1 of 7 A local university received a $150,000.00 gift to establish an endowment fund for a student scholarship. The endowment fund earns interest at a rate of 3.00% compounded semi-annually. The university will award the scholarship at the end of every quarter, with the first scholarship being awarded four years from now. Calculate the size of the scholarship that the university can award. Scholarship = $0.00 Round to the nearest cent

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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Question 2 Pam Beesly is 39 years old today and she wishes to accumulate $513,000 by her 63rd birthday so she can retire. She wishes to accumulate this amount by making equal deposits on her 39th through her 62th birthdays. What annual deposit must Pam 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.) Pam must make an annual deposit of $?
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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
Mike wants to donate S5, 000, 000 to establish a fund to provide an annual scholarship in perpetuity. The fund will earn an interest rate of 5.37% p.a. compounded half-yearly (j2 = 5.37% p.a.) and the first scholarship will be first awarded 3.5 years after the date of the donation. (a) What is the amount of the annual scholarship (rounded to two decimal places) ? Question 9 Answer a. 313037.32 b 306010.79 с. 153267.24 d. 310649.70
Problem 4 – On 1/1/21 Holiday Charity receives a $300,000 pledge to be received $50,000 every 12/31 for the next 6 years. Required; a. Calculate the present value of the pledge assuming an appropriated discount rate of 3%. b. Prepare the necessary journal entries on the following dates; 1/1/21 12/31/21
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Sam wants to donate $1,000,000 to establish a fund to provide an annual scholarship in perpetuity. The fund will earn an interest rate of j4-3.81% p.a. effective and the first scholarship will be first awarded 2.5 years after the date of the donation. (b) Assume that the fund's earnings rate rate has changed from 4-3.81% p.a. to j4-3.56% p.a. one year before the first scholarship payment. How much does Sam need to add to the fund at that time (one year before the first scholarship payment) to ensure that scholarship amount will be unchanged (rounded to two decimal places)? Question 9Answer a. 78309.64 b. 74276.05 C. 71226.96 d. 75395.75
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hs QUESTION 9 A wealthy donor has given $400,000 to a university and specifies that it is to be used to give annual scholarships for the next 25 years. If the university can hearn 5.5% interest, how much can they give in scholarships each year? Round your answer to the nearest dollar. Summarize the information provided, stating the interest rate in a decimal form. Po = r = N = k = Identify the formula you will use to solve by writing the letter of the formula here: A. A=P(1+rt) B. PN = C. PN = d ((1 + F) ³²-1) + (F) D. P₁ = (₁-(₁ + 1)^~^) + (1) Solve the problem and give your answer here:
Solve this accounting but not use of excel
NEED ASAP
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