What single deposit of size $X into a fund paying 5% compounded annually is required at t=0 in order to make withdrawals of $630 each at t = 4, 5, 6, and 7 and a single withdrawal of $1,590 at t= 10? $

Q: A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After…

A: we know the formula of future value  FV=PMT(1+i)n-1i where PMT - perodic payment  i - discount rate…

Q: A fund of 25000 is to be accumulated by means of deposits of 1000 at the beginning of every year as…

A:

Q: Ex. 2: Bert makes deposits of $2000 semi-annually into an account that pays 4% interest, compounded…

A: Given problem:- Bert makes deposits of $2000 semi-annually into an account that pays 4% interest,…

Q: The government has set up a fund for physically handicapped persons who are unable to work. A…

A:

Q: how much will deposits of dollar 200 made at the end of each quartar amount to after 9 years if…

A: The process of depositing an amount after each fixed time is called recurrent deposits. The final…

Q: A sum of money invested now at 10 percent compounded quarterly is to provide payments of $ 1000…

A: Given: Present value every 3 months = $ 1000 present value in a year = 1000 x 4 = $ 4000 Time = t=…

Q: How much must be deposited now to withdraw $4,000 at the end of each year for 20 years if interest…

A: Calculate the present value of an ordinary annuity by using tables use the following steps. Step 1.…

Q: If $1800 is deposited in anaccount that pays 2.7% annual interest compounded monthly, what amount…

A: P=$1800r=2.7%=2.7100=0.027t=9n=12

Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

A:

Q: At what rate of interest compounded semi-annually for 8 years will Rs. 3,150 amount to Rs. 4,720?

A: The formula for amount is: Where, P is the principal value. r is the rate of interest in decimals.…

Q: A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company wishes…

A: Given - A firm needs to replace most of its machinery in 4 years at a cost of $550,000. The company…

Q: A mother is investing $500,000 in a trust fund from which her three children are to receive equal…

A: To find the original amount each child receive

Q: A deposit of $15,000 is made in a trust fund that pays 3.5% interest, compounded semi-annually. It…

A: Given that, the amount invested is: P=$15,000. The rate of interest is: r=3.5100r=0.035 The time is:…

Q: What lump sum do parents need to deposit in an account earning 12%, compounded monthly, so that it…

A:

Q: A loan of $10,500 was given at an interest rate of 4% payable at the end of the fifth year. Find the…

A: The A represents the final amount then the formula for calculating  A is shown on board. We…

Q: A contractor has $650 worth of electrical material on the shelf in stock for 3 consecutive years. If…

A: Where A is the amount after time t P is the initial investment R is the rate of interest t is the…

Q: 2. Find the rate of interest i such that a 20-year annuity with payments at the end of each year has…

A: The rate of interest is assumed to be i. The accumulated value for a 20-year annuity with payments…

Q: . A businessman needs an additional capital of 100000 for 10 years. What is the annual deposit in…

A:

Q: A debt of $6544 is to be settled by two equal payments due in 3 months and 7 months respectively.…

A: Solution: Let the payment due in 1 month be x. Accumulated amount after three month; FV=P1+rnnt…

Q: What annual rate of simple interest is necessary to give interest of $416 on a principal of $800…

A: