Question 8 of 9 Ian invested money in a mutual fund for nine years. The interest rate on the mutual fund was 5% compounded quarterly for the first four years and 4% compounded semi- annually for the next five years. At the end of the nine years, Ian's mutual fund had accumulated to $48,293.50. a. How much did Ian deposit in the mutual fund? Round to the nearest cent b. How much interest did the mutual fund earn? Round to the nearest cent

Question 8 of 9 Ian invested money in a mutual fund for nine years. The interest rate on the mutual fund was 5% compounded quarterly for the first four years and 4% compounded semi- annually for the next five years. At the end of the nine years, Ian's mutual fund had accumulated to $48,293.50. a. How much did Ian deposit in the mutual fund? Round to the nearest cent b. How much interest did the mutual fund earn? 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

See similar textbooks

Similar questions

Harriet has been investing $300 at the end of each month for the past 25 years in an equity mutual fund. How much is the fund worth assuming she has earned a 12% annual return compounded monthly on her investment? 40,000 563,654 37,699 647,288
QUESTION 10
Question 15 > Katy invests a total of $36,000 in two accounts. The first account earned an annual interest rate of 5% and the second account earned an annual interest of 2%. At the end of one year, the total amount of money gained was $1,245.00. How much was invested into each account? was invested in the account that earned 5% and was invested in the account that earned 2%. For this question, you must show all your work. Either type all steps into the answer box below, or scan/photograph your work and upload the file using Insert > Attach File in the answer box below. Edit Insert- Formats- BIU X x A
MATHEMATICS OF FINANCE QUESTION John deposits RM10,000 at the beginning of each year for ten years, into a financial instrument offering dividend rate of 10% per year. He then withdraws annualized level payments of P starting at the beginning of eleventh year and continuing for 15 years later, at dividend rate of 5% per year. At the end of 25 years, the fund balance remains zero. a. Calculate the present value of the annualized deposits he makes. b. Calculate the annualized level payment of withdraw, P. c. Determine the balance of the fund at the end of 15 years starting from the year he makes his first deposit, just before the next sixth withdraw is being made
7. If you have been saving money since you were 20 years old and you save $4 daily and, at the end of the year, you invest it all in a mutual fund account that has a 7% annual return, determine the balance of the account when you reach age 62.
Don't use chat gpt A trust fund is being set up by a single payment so that at the end of 37 years there will be $89,764 in the fund. If interest is compounded continuously at an annual rate of 9%, how much money should be paid into the fund initially?
24. Azizi Bank raises funds through the issuance of a bond which will pay $2,500 at the end of each year for 15 years and on the date of the last payment will also make a separate payment of $100,000. If the investors’ required rate of return on this investment is 9%, how much would they be willing to pay for the Azizi Bank bond today?
please give me correct answer thanks
Suppose your parents deposit $4,000 into an account at the end of each year for 11 years. The account earns an annual interest rate of 1.4%. After the final deposit, they move the accumulated savings to a brokerage account and invest in the stock market, where they earn an average annual return of 6.9% for the following 16 years. How much will they have in the account at the end? O a. $131,280 O b. $404,155 O c. $137,311 O d. $296,336 e. $302,138 f. $279,603 g. $496,270 h. $249,511

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS