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Kindly help me with my Peers post
What is the amount of 4% per annum of $17,294.24 for the period from July 24, 2023 to February 28, 2024
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- Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. Payment Year Received $ 5,000 2022 6,000 2023 8,000 2025 9,000 2027Subject:Consider an amount of 25,000 in a fund today, October 25, 2022. Determine its value on Oct. 25, 2019 at 4.32% annual effective interest rate
- Compute the amount of interest on $835 at 7.5% p.a. from October 8, 2019, to August 4, 2020.Amount of an Annuity John Goodheart wishes to provide for 6 annual withdrawals of 3,000 each beginning January 1, 2029. He wishes to make 10 annual deposits beginning January 1, 2019, with the last deposit to be made on January 1, 2028. Required: If the fund earns interest compounded annually at 10%, how much is each of the 10 deposits?Cash Flow Amounts On January 1, 2019, Philip Holding invests 40,000 in an annuity to provide 8 equal semi-annual payments. Interest is 10%, compounded semiannually. Required: Compute the equal semiannual amounts that Philip will receive assuming that the first withdrawal is to be received on: July 1, 2019 January 1, 2019 July 1, 2022 January 1, 2024
- Value of an Annuity Using the appropriate tables, solve each of the following. Required: 1. Beginning December 31, 2020, 5 equal withdrawals are to be made. Determine the equal annual withdrawals if 30,000 is invested at 10% interest compounded annually on December 31, 2019. 2. Ten payments of 3,000 are due at annual intervals beginning June 30, 2020. What amount will be accepted in cancellation of this series of payments on June 30, 2019, assuming a discount rate of 14% compounded annually? 3. Ten payments of 2,000 are due at annual intervals beginning December 31, 2019. What amount will be accepted in cancellation of this series of payments on January 1, 2019, assuming a discount rate of 12% compounded annually?A sum of ₱ 35,000 is invested from March 8,2019 to December 5,2019, at 18 ½ % Simple Interest. Find the interest earned using the four methods.Present Value of a Single Sum What is the present value on January 1, 2019, of $10,000 to be received on January 1, 2023, and discounted at 6% compunded quarterly? Round your answer to two decimal places.
- Determine the accumulated amount of $60,200.00 invested for the period of January 20,2019 to December 9, 2019, at 10% interest.On 1st of January 2018 an individual knows that she will retire in 10 years and will receive a state pension at a rate of £10,000 per year, paid in equal monthly instalments at the beginning of each month, and starting on 1st of January 2028. The annual effective rate is 3% p.a. (a) Assuming that the pension is paid for 20 years (i.e. the last payment is on 1st of December 2047), compute the value on 1st of January 2018 of the state pension. In order to increase the overall retirement income the individual also decides to purchase an annuity on 1st of January 2018, as a form of private pension. (b) Without lengthy calculations, explain how much the investor would need to pay, on 1st January 2018, towards the private pension, if she wants to double her future retirement income until 1st December 2047 (retirement income includes the state pension from above).Assuming a 360-day year, when a $12,750, 90-day, 11% interest-bearing note payable matures, total payment will amount to: Select the correct answer. $1,403 $14,153 $13,101 $351