Today, you invest P 100,000 into a fund that pays 25% interest compounded annually. Three years later you borrow P 50,000 from a bank at 20% annual compounded interest and invest in the fund. Two years later you withdraw enough money from the fund to repay the bank loan and all interest due on it. Three years from this withdrawal, you are going to take P 20,000 per year out of the fund. After five withdrawals, you withdrawn the balance in the fund. How much was withdrawn? P 1,520,257 O P1,320,257 O P1,220,257 O P1,420,257

Q: Michael wants to accumulate $38,000 in a fund with payments of $1,700 made at the end of every…

A: It can be calculated using=NPER(rate,pmt,pv,[fv],[type])Rate The interest rate for the loan.Nper…

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: interest dues on it. Three years from this withdrawal you start taking Php 20,000 per year out of…

A: Solution:- Calculation of Schedule of Investment fund ( Amount in Php) Year Opening balance…

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%.

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…

A: Calculation of effective annual rate (EAR): Answer: Effective annual rate (EAR) is 8.16%

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

A: a) Computation:

Q: If ₱17,000 is deposited at the end of each year for 16 years in a bank that give 7% interest per…

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?

A: Future Value: It represents the compounded amount of the present sum invested over a period of…

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added…

A: Future Value is the value of current investments at a certain future date at the assumed…

Q: You will deposit $12,000 today. It will grow for 6 years at 10% interest compounded semiannually.…

A: Compound of deposit = Semiannually = 2Invested Amount = pv = $12,000deposit Time = td = 6 * 2 =…

Q: You deposit 20,000 today into a fund paying (i)=8%. From this fund, you receive 10 payments of R,…

A: Computation of R:

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…

A: Time value of money techniques helps us to find the values of the deposits at different time…

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…

A: Given information: Amount deposited is $12,500 Interest rate is 8% semi-annually for first 10 years…

Q: Two years ago, a person borrowed $10,000 at 12% interest compounded monthly, which is to be paid in…

A: Loans are to be paid by the equal monthly installments and these equal monthly installments carry…

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…

A: The effective annual rate is the actual rate earned after considering the compounding periods in a…

Q: You want to be able to withdraw $50,000 each year for 20 years. Your account earns 5% interest

A: The amount of annual withdrawal of $50,000 each year is an annuity.   We will have to determine the…