Tara wishes to accumulate $25,000 in 3 years. Use the appropriate formula to find the sinking fund payment (in $) she would need to make at the end of each six months, at 8% interest compounded semiannually. (Round your answer to the nearest cent.)

Q: Emma wants to donate $1,000,000 to establish a fund to provide an annual scholarship in perpetuity.…

A: Annual rate "r" is 5% number of compounding "m"= 4 Present value of the donation amount = $1000000…

Q: eeds to accumulate Php460,000.00 for her insurance investment for 2 1/2 years. She set up a sinking…

A: Future value of annuity includes the amount that is being deposited and amount of interest…

Q: An insurance settlement of $1.5 million must replace Trixie Eden's income for the next 35 years.…

A: Present value (PV) = $1,500,000 Interest rate = 7.5% Monthly interest rate (r) = 7.5%/12 = 0.625%…

Q: Mike wants to donate $5, 000, 000 to establish a fund to provide an annual scholarship in…

A: The objective of the question is to calculate the amount of the annual scholarship that can be…

Q: Mr. Larsen's will directed that $209,000 be invested to establish a perpetuity making payments at…

A: Investment amount = $209000 Let the monthly payment = M r = 6% per annum = 0.5% per month Investment…

Q: today

A: Formula to calculate FV of annuity: If payment done at the beginning of the year: FV =…

Q: Mia will retire 10 years from now and wants to establish a fund today that will pay $48,000 cash at…

A: Deposited amount refers to the amount which is kept aside for investing in a fund for receiving the…

Q: thday, you will make the first monthly contribution of $200 into the fund that will earn 6%/year…

A: In this we need to calculate the monthly future value factor and and find out retirement fund and…

Q: Julia Monroe wants to create a fund today that will enable her to withdraw $26,400 per year for 8…

A: Formula:Present value (PV) = Payment amount (PMT) * [1 - (1 + Interest rate)^(-Number of periods)] /…

Q: Jasica Parker would like to have $87,000 to buy a new car in 7 years. To accumulate $87,000 in 7…

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

Q: Jane decides to make 5 end-of-year deposits of $10,000 into a fund starting one year from now. 6)…

A: Calculate the amount at the end of 5 years as below: Resultant Table: Hence, amount at the end of…

Q: Kelly Malone plans to have $53 withheld from her monthly paycheck and deposited in a savings account…

A:

Q: Tiffany has accumulated $60,000 in a mutual fund. If she continues to deposit $300 at the beginning…

A: Future value of a fund is the accumulated amount in the fund over a period of time with deposits and…

Q: Tara wishes to accumulate $29,000 in 5 years. Use the appropriate formula to find the sinking fund…

A: Given information, Target amount of total accumulation (A) = $29,000Time (t) = 5 yearsPayment and…

Q: Emma wants to donate $1,000,000 to establish a fund to provide an annual scholarship in perpetuity.…

A: Donation amount=$1000000Interest rate=4.12%Annual scholarship after 2.5 years.

Q: To benefit the ISU College of Business, Bill Vickers would like to establish a “perpetual”…

A: Future Value (FV)= $210,000 per year Time period (n)= 13 years  Annual return (i)= 4.1 percent…

Q: Jeff wishes to accumulate $7,250 in 7 years. Use the appropriate formula to find the sinking fund…

A: A fund that is created to repay a debt or replacement of an asset by putting an equal sum of amount…

Q: An engineer who is saving for her retirement plans to deposit $500 every semiannually, starting…

A: Semi Annual Deposit = 500 End of period deposits Nominal Rate = 12℅ Quarterly Compounding N = 25…

Q: A couple is saving for a downpayment on a mortage. The need $50,000 at the end of 4 years and so…

A: Sinking fund schedule refers to the statement showing the annual payment amount and the interest…

Q: Julia Monroe wants to create a fund today that will enable her to withdraw $27,700 per year for 8…

A: The amount that is required to be invested today can be found by discounting the amount of…

Q: What should be the balance in a Registered Retirement Income Fund (RRIF) that will provide $3,000 at…

A: PV is the present value of the annuity,PMT is the payment made at each period (in this case,…

Q: Mia will retire 10 years from now and wants to establish a fund today that will pay $30,000 cash at…

A: We will first calculate the value of the annuity at January 1, year 11 and then discount it for a…

Q: Required information Assume that 25 years ago your dad invested $260.000. plus $35,000 in years 2…

A: Let the deposits in year n be Dn. D1 = $260000 D2 to D5 = $35000 D6 to D25 = $43000 r = 15%

Q: Puan Aminah wishes to have RM 250,000 for her children education fund of her in 15 years with…

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Q: June Stickney purchased an annuity on January 1, 2019, which, at a 12% annual rate, would yield…

A:

Q: Tara wishes to accumulate $25,000 in 3 years. use the appropriate formula to find the sinking fund…

A: Sinking Fund  A sinking fund is a specific kind of fund that is established with the intention of…

Q: what is her payment?

A: Information Provided: Term = 20 years Present value = $1,000,000 Interest rate = 5%   Ordinary…

Q: The Pithybottoms want to make a donation to set up a scholarship trust fund at Hinose College. The…

A: When the cash flow are regular and for an indefinite time period, the cash flow is knows as…

Q: Kristen invested the profit of her business in an investment fund that was earning 3.25% compounded…

A: The future value of amount includes the amount being deposited and amount of compounding interest…

Q: what amount should she deposit now?

A: Present Value is the value of a cash flow at the current time. The value of money multiplies with…

Q: Kelly Malone plans to have $55 withheld from her monthly paycheck and deposited in a savings account…

A: Time value of money is a concept where interest component for time period considered. This have both…

Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…

A: Ordinary Annuity According to given information woman deposits the amount at the end of each month…

Q: Samuel David wants to make 5 equal annual withdrawals of $8,000 from a fund that will earn interest…

A:

Q: compounded monthly. If Malone continues with her plan for one and one-half years, how much will be…

A: Time value of money is a concept where interest component for time period considered. This have both…

Q: Alan Hitchcock is 40 years old today and he wishes to accumulate $524,000 by his 65 th birthday so…

A: To calculate the annual deposit Alan must make, we can use the future value of an ordinary annuity…

Q: Mr. Deneau accumulated $97,000 in an RRSP. He converted the RRSP into a RRIF and started to withdraw…

A: Present value of an annuity: The present value of a cash flow stream of an annuity is calculated by…

Q: A family wants to have a $130,000 college fund for their children at the end of 17 years. What…

A: Information Provided: Future value amount = $130,000 Interest rate = 7.10% compounded quarterly…