uestion 20The manager of Cougar Fund needs to withdraw $35,000 seven years from today. If her account earns 7 percent compoundeO $21,796.24O $3,271.03O $32,710.28O None of the listed items is correctO $8,028.91A Click Submit to complete this assessment.MacBook AirF1F2F3F4F5F6F7#33$&27QWERYASDFG n today. If her account earns 7 percent compounded annually, how much must she deposit today?CloseMacBook AirF8F9F10F5F6F7&*5678T.YGKL

Amount to be deposited today will be present value of amount required after 7 years. The present…

Answered: The manager of Cougar Fund needs to…

The manager of Cougar Fund needs to withdraw $35,000 seven years from today. If her account earns 7 percent compoun O $21,796.24 $3,271.03 $32,710.28 None of the listed items is correct $8,028.91

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

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What sum of money must be deposited in a trust fund to provide a scholarship of $1550, quarterly for infinite period, if interest is 7.2% compounded quarterly? (Money should be rounded to 2 decimal place) USE ONLY CALCULATOR TO CALCULATE YOUR ANSWERS. PMT VY CAY 1 PV 1550 0.072 4 0.018 86111.11 4
2,500 is deposited into Fund X, which earns an annual effective rate of zero. At the end of each year, 10% of the balance is withdrawn from the fund. The annual withdrawals are deposited into Fund Y, which earns an annual effective rate of 10%. Determine the accumulated value of Fund Y at the end of year 10. a) 2,806 b) 2,252
What should be the amount in an RRSP that is earning 7.50% compounded semi- annually if it can be converted to an RRIF that will provide $250 at the beginning of ea month for 7 years? 4 8 Round to the nearest cent Question 5 of 6 Sabrielle deposited $13,500 into a fund at the beginning of every quarter for 19 years. She then stopped making deposits into the fund and allowed the investment to grow for 4 more years. The fund was growing at 5.70% compounded monthly. Question 4 of 6 a. What was the accumulated value of the fund at the end of year 19? a. What is the present annually? of A contract requires lease payments of $400 at the beginning of every month for 5 years. Question 6 of 6 ntract if t lease rate is 4.50% compounded
Q4: For 19 years, Janet saved $600 at the beginning of every month in a fund that earned 3.5% compounded annually.a. What was the balance in the fund at the end of the period?Round to the nearest centb. What was the amount of interest earned over the period?Round to the nearest cent
David Quincy wants to withdraw $30,800 each year for 10 years from a fund that earns 10% interest. Click here to view factor tables. How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First withdrawal at year-end First withdrawal immediately
How much must be deposited today into the following account in order to have a $135,000 college fund in 11 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 7.32% $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.) Enter your answer in the answer box. Type here to search 0 哥同

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Annual deposits of $1000 are made at the end of each year for 25 years in a fund that pays 3% in the first 11 years and 4% in the remaining years. Find the AV of these deposits at the end of 25 years. Possible Answers A 36,002 B 37,391 C 38,105 D 39,420 E 40,471
A lump sum deposit of $8,000 left in the bank for 12 years at 9% compounded annually will result in an ending balance of (select the closest answer) Group of answer choices $16,640. $96,000. $11,600. $22,501. $52,938.
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