Use the following to answer 19-20: You are going to receive a $16,000 scholarship at the end of 3 years for graduate school. 19. S How much must the scholarship fund invest today so it has the money to pay you in 3 years if it can earn 9% compounded semi-annually (round to nearest dollar)? 20. S How much must the scholarship fund invest today so it has the money to pay you in 3 years if it can earn 9% compounded quarterly (round to nearest dollar)?

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A: Future Value = Present Value * ( 1 + Interest rate)time period

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Q: Suppose you receive $500 in graduation money. You decide to put it into an account paying 5%. If you…

A: FV= [C*{(1+r)^n-1]/r] + [P*(1+r)^n] Where P= Initial deposit = $500 C= Periodic payments = $170 r=…

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A: Step 1 Present Value A future sum of money or stream of cash flows' present value, or PV, is their…

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Q: uppose someone wants to accumulate ​$55,000 for a college fund over the next 15 years. Determine…

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Q: uppose you want to begin a college fund for your newborn child. You hope to accumulate $45,000 by 20…

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Q: How much will you have saved at the end of 6 years? Find the interest.

A: A stream of equal cash flows paid or received periodically is termed as annuity. Annuity is either…

Q: ou want to endow a scholarship now that will pay $7,000 per year forever, starting the first award…

A: Annual payment = $7,000Discount rate = 6%

Q: 8. Suzy is starting college in 4 years and would like to have $4000 when she starts. She has $2500…

A: The question gives the following information:

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A: Information Provided: Present value = $55,000 Future value = $325,000 Term = 16 years Payment = $0

Q: Assuming an annual return of 12 percent with a Coverdell Education Savings​ Account, how much would…

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Q: How much must she invest today to achieve this goal?

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Q: 10. Tracy won a scholarship which pays $5,000 per year for the next three 3 years beginning a year…

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