Ten years ago today Thomas made the first annual deposit of $ 2000 into a fund paying 3% interest compounded semi-annually. Two years ago the interest rate was increased to 4% on all funds compounded annually. Find the current worth of Thomas deposits, the last of which was made today

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A: Given details:Deposits per year: 4Total period: 10 yearsAccumulated value: $45,000APR: 4.75% with…

Q: 13. Walrus opens up a savings account on January 1 2024, and here are the ries of his transactions…

A: Simple interest is a method of calculating interest on a principal amount of money over a specified…

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Q: Sue has contributed $2,843.00 every three months for the last 11 years into an RRSP fund. The…

A:

Q: Fifteen years ago deposited 12500 in to an investment fund.five years ago you added an additional…

A: a) The computation of effective annual rate for 10 year: Hence, the effective annual rate is 8.16%.

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A: Compound interest= p*(1+r%/n)^tn A.)  Around $358903 stacked up at the end of 16th year.

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Q: klp.1

A: The objective of the question is to determine the duration for which Mr. Deneau can make withdrawals…

Q: Fifteen years ago deposited 12500 in to an investment fund.five years ago you added an additional…

A: a) Computation:

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A: Given, The amount invested is 10,000

Q: 124 0.4950495 0.4926108 0.4901961 0.4854369 0.4807692 0221 0.3267547 0.3235304 0.3203485 0.3141098…

A: We have to find out future value FACTOR of annuity and find out quarterly payment.

Q: Conners' Equipment established a sinking fund to accumulate $250,000 by making payments at the…

A: As per the given question, Conners Equipment accumulated $250,000 at the beginning of the year.…

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A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: withdrawal is to be made 5 years from now, how long will it take for the fund to be depleted?

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Q: monthly. After this period, the accumulated money was left in the account for anothe same interest…

A: Introduction: Future Value refers to the investment value to be received at a constant growth rate.…

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A: Future value of a present value is the value of that amount after taking into account the time value…

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Q: A sum of 50,000 deposited in a fund which will earn 12% compound semiannualy for the first 5 years…

A: Computation of the amount that will be received after 12 years is shown below:

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A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Characteristics of Bonds