The first $4,750 deposit is made on December 31, 2020, interest is compounded annually, and interest earned is withdrawn at the end of each year. No. of Deposit Amount Interest left in Fund Balance Fund Payments 12/31/2024 4,750

Q: How much must be deposited today into the following account in order to have a $135,000 college fund…

A: Present value = Future value/(1 + r)n   Future value = 135,000 Quarterly interest rate (r) = 3.16%/4…

Q: Leon Inc. will deposit $53,700 in a 15% fund at the end of each year for 10 years beginning December…

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A: Periodic deposit for sinking fund can be calculated by annuity from future value formula in excel…

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Q: Arish has $25,000 in an investment account and plans to contribute $1,000 at the start of each…

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Q: Stacy Medavoy will invest $8,480 a year for 20 years in a fund that will earn 11% annual interest.…

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Q: What is the amount of the required annual deposit?

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Q: A company plans to make four annual deposits of $7,000 each to a special building fund. The fund's…

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Q: McCarthy Construction is trying to bring the company-funded portion of its employee retirement fund…

A: Formula for calculating present worth:P=A11-1+g1+ini-gwhere,A1 is initial cashflown=no. of…

Q: Coronado Industries will invest $100000 every December 31st for the next six years (2020 – 2025). If…

A: The last payment will be on December 31, 2025 and therefore, will not receive any interest on it.

Q: Six annual deposits in the amount of $4,000, $3,300, $2,600, $1,900, $1,200 and $500, in that order,…

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Q: Beginning December 31, 2018, Stanley wants to make ten equal, annual withdrawals from an investment…

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A: Years = 5 years (2018, 2019, 2020, 2021, and 2022)Present value = $93,000 Annual payments (for 5…

Q: A company plans to make four annual deposits of $3,500 each to a special building fund. The fund's…

A: Annual deposit = $3500Interest rate = 12%Number of years = 4To find: Fund balance after 4 years when…

Q: Adams Inc. will deposit $55,100 in a 10% fund at the end of each year for 8 years beginning December…

A: The future value of an annuity denotes the cumulative worth of regular payments over a period,…

Q: A church congregation has raised $37,625 for future outreach work. If the money is invested in a…

A: Future value = P x (1+i )n  Where P= Principle  Amount Invested             i= Interest…

Q: On January 1, 2023, Caramel Company enters into a contract with Keystone Inc. to perform asset…

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Q: Starting today and every 6 months thereafter for the next 10 years, St. Joan's Hospital plans to…

A: In this case, there are Semi-annual periods, therefore, the total number of period = 10×2 = 20…

Q: On April 1, 2020, our hospital buys an MRI machine for $1,000,000.  It is financed for 5 years at 6%…

A: Journal entry to record the interest for the year to date: Date Particulars Debit ($) Credit ($)…

Q: A state agency issues $575 million in bonds to repair bridges in the state. The state establishes a…

A: The quarterly deposit in sinking fund forms the annuity. We can compute the future value of annuity…

Q: A company plans to make four annual deposits of $6,250 each to a special building fund. The fund's…

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Q: ▪mputing Annuity Amounts to a Debt Re nd n January 1, Chang Inc. establishes a bor nd (a bond…

A: Future of the annuity is required to calculate the sinking fund amount and sinking fund is the…

Q: Morgan Inc. will deposit $53, 700 in a 15% fund at the end of each year for 8

A: The value of an investment or cash flow at a later time, predicated on a specific interest rate or…

Q: What is the effect of the above transactions on the general fund's fund balance in 2022?

A: Companies need to raise capital  in order to run their business smoothly. There are many ways  to…

Q: Bob Smith borrowed $800,000 on Jan 1, 2022. This amount, plus accrued interest at 12% compounded…

A: We have the amount borrowed ,rate of interest and term after whcih the same needs to  be reapid. We…

Q: The city isrequired to make regular payments every 3 months into a sinking fund paying 5.4%…

A: A)The interest rate is 5.4% compounded quarterly.There would be 40 quarters in 10 years.The cost of…

Q: Visano

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

Q: Commencing January 1 2022 Narelle plans to deposit $500 at the beginning of each month into an…

A: Given the following:  Periodic deposit, P = $500 Interest rate from 1 January to 30 June, r1 = 2.62%…

Q: On March 15, year 1, ABC Corporation adopted a plan to accumulate P1,000,00 by September 1, year 5.…

A: When an equal amount is paid every period at the beginning of each period, it is called as an…

Q: Bank ZLX is marketing their new fund by noting that a fixed $320 monthly deposit in their fund…

A: Future value of annuity Annuity is a series of equal fixed payment at equal interval over the…

Q: A school fund establishes that the following deposits must be made: Year 1, $2,000; Year 2, $2,000 +…

A: To determine the scholarship payment can be in perpetuity, we need to find the present value of the…

Q: A company plans to make four annual deposits of $4,250 each to a special building fund. The fund's…

A: Accumulated value refers to an amount that is the addition of periodic deposits and interest rate…

Q: Consider an amount of 25,000 in a fund today. October 25, 2022. DETERMINE ITS value on the specified…

A: Future Value = Present Value (1 + r)n where r = periodic interest rate = 3.42% n =time period =…

Q: Create a complete sinking fund schedule and calculate the total payments and interest earned needed…

A: Future value=$9000Interest rate=5%Period one year=1Quarterly interest rate=r=5/4=1.25%Quarterly…

Q: On January 1, 2021, the company obtained a $3 million loan with a 10% interest rate. The building…

A: Weighted average rate of debt = Total Interest Amount / Total Borrowings Amount

Q: determine the quarterly installment that should be deposited into the fund.

A: Introduction: Sinking fund can be defined as a type of fund which is created for repaying the debt.…

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

A:

Q: An insurer needs to make the following annuity payments to an individual: £744 paid at the beginning…

A: Present value is a financial concept that refers to the value of a future cash flow or stream of…

Q: What will be the balance in the fund within $10 on Jan 1, 2025 (one year after the last deposit)?

A: Time value of money: Time value of money refers to the concept that the value of money available at…

Q: A company plans to make four annual deposits of $2,250 each to a special building fund. The fund's…

A: The objective of the question is to calculate the future value of the fund under four different…

Q: Viola wants to withdraw $8,000 each year from July 1, 2025 through July 1, 2029. The investment fund…

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Q: ony Inc. will deposit $57,400 in a 4% fund at the end of each year for 6 years beginning December…

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Q: quarterly. Find the amount available in this fund after 10 years

A: Future Value refers to the value of investment to be received in the future at a constant growth…

Q: On September 1, 2010, you decided to put $ 15000 in a money market fund. On March 1, 2015, you…

A: The future value of an investment is the approximate value of buying and holding an investment for a…

Q: If $90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of $23,138.32…

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Q: An insurer needs to make the following annuity payments to an individual: £744 paid at the…

A: Present value is a financial concept that refers to the value of a future cash flow or stream of…