Recent sales of some real estate and record profits make it possible for a manufacturer to set aside $1,000,000 in a fund to be used for modernization and remodeling. How much can be withdrawn from this fund at the beginning of each half-year for the next 5 years if the fund earns 6.7%, compounded semiannually? (a) Decide whether the problem relates to an ordinary annuity or an annuity due.

Q: Al Darby wants to withdraw $20200 (including principal) from an investment fund at the end of each…

A: Annuity refers to a series of cash flow that are usually constant and fixed in nature and occur on a…

Q: An enterprise needs to set aside a fund to meet the following future annuity payments to an…

A: The payments are made at the beginning of each year. Therefore, there is an annuity due. The present…

Q: The following expenses will be incurred by company X: next year = P5Ok, 2015 = P70k , 2016 = P100k…

A: Calculation of Present value of expenses at end of year 2009

Q: 3) equal deposits. The first deposit is made right now, the second, one year from now, and the…

A: Given data; amount needed to be accumulated = $ 25,000 Number of year= 3 interest rate = 5% deposits…

Q: Sebastopol Movie Theater will need $180,000 in 3 years to replace the seats. What deposit should be…

A: Future Value  $          1,80,000.00 Time Period 3 Interest Rate 0.80%

Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

A: FV = $1,000,000 r = 5.8% Number of compounding per year (m) = 2 Period (t) = 30 Years

Q: MetaYou have accumulated $8,000 toward the down payment on a piece of lake front property in rural…

A: The rate of return is a measure that indicates the performance of the investment for the respective…

Q: Marigold Corp. deposits $12000 in a fund at the end of each year for 5 years. The fund pays interest…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: £1443 paid at the end of each year for the first 4 years followed by £1441 paid at the end of each…

A: Annual payment for first 4 years = £1443 Annual payment for 15 years (including first 4 years) = p =…

Q: corporation hopes to withdraw $9,000 at the end of each year for six years from a fund that earns 7%…

A: Variables in the question:Withdrawal each year (PMT)=$9000 n=6 yearsRate=7%

Q: A    rich donor gives a    hospital    $1,040,000    one year from today. Each year after that, the…

A: First donation (F) = $1,040,000 Growth rate (g) = 0.06 Interest rate (r) = 0.11 Period (n) = 10…

Q: You deposited $8,300 in a savings account. The account will earn 8 percent annual compound interest,…

A: Interest: It can be defined as the amount that is charged by the lender on the amount lent to the…

Q: how much can we paid in scolarships at the end of half year if $90.000 is deposited in a trust fund…

A: Amount Deposited = $90,000 Annual Interest Rate = 8.5%Semiannual Interest Rate = 8.5% / 2Semiannual…

Q: Oriole Enterprises would like to have $970,000 saved up in 12 years to fund equipment and building…

A: Future Value (FV) = $970,000Number of years (n) = 12Payment per year (PMT) = $53,100Present Value…

Q: Visano

A: Annuity refers to the series of payments made at an equal set of intervals.Annuity due refers to the…

Q: Find

A: RATE (7.2%/2) 0.036 PERIOD (45*2) 90 PRESENT VALUE 0 FUTURE VALUE $700,000

Q: Urgently need. An engineer wishes to set up a special fund by making uniform semiannual…

A: Present Value:  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: Clearlake Optical has a $50,000 note that comes due in 5 years. The owners wish to create a sinking…

A: Compound = Semiannually = 2Future Value = fv = $50,000Time = t = 5 * 2 = 10Interest Rate = r = 4.5 /…

Q: Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.)…

A: The question asked to compute the sing king fund payment.   Future value: Future value refers to the…

Q: A corporation creates a sinking fund in order to have $590000 to replace some machinery in 9 years.…

A: Future value refers to the value at the end of the tenure of future cash flows at the regular…

Q: A corporation creates a sinking fund in order to have $520,000 to replace some machinery in 11…

A: A sinking fund is created to replace an existing machine. Future value of the sinking fund (FV) =…

Q: What is the fair value of the lottery payments according to the Financial Accounting Standards Board…

A: According to the financial accounting standards board (FASB), The fair and present value of the…

Q: Acompany is considering an investment of $538,000 in a land development project. The investment will…

A: NPV or net present value is an important capital budgeting tool. It is the sum of present values of…

Q: Q10. James decided to fund a school in Orange County in perpetuity. The first payment will be made…

A: Present value refers to the discounted value of future cash flows. A perpetuity is a series of equal…

Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

A: Future value can be computed by compounding each of the annual payment.  Future value can be…

Q: You have accumulated $8,000 toward the down payment on a piece of lake front propert wish to…

A: Today value=$8000Future value=$12000Period=4 yearsFind out interest rate.

Q: Camosun College has just received a donation of $50,000. The donor has stipulated that the funds…

A: The term "annual bursary" represents a monetary award provided by colleges and other authorities to…

Leasing

Leasing is a contractual arrangement in which someone (a lessee) pays the owner (or lessor) of a building, land, vehicle, or other asset for the use of that asset. The lease is the agreement between lessee and lessor.