1. Amy made semiannual deposits of $3,100 at the beginning of every every six months into a fund earning 6.8% compounded semiannually for nine years. No further deposits were made.    a. How much will be in the account 15 years after the first deposit? _____________        b. How much in total was deposited? ______________ c. How much interest will Amy earn? _____________

Q: 4. Kelly deposited $10,500 into a fund at the beginning of every quarter for 13 years. He then…

A: Compound Interest is method of computing interest where compounding is done. Compounding refers to…

Q: A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is…

A: The amount of fund after final deposit can be calculated with the help of future value of annuity…

Q: How much money can be withdrawn at the end of 15 years if: a. $2,000 is deposited at the end of each…

A: The future value of the deposit is the value of the current deposits on a future date based on the…

Q: Sue has contributed $2,843.00 every three months for the last 11 years into an RRSP fund. The…

A: Future value of the money include the amount being deposited and amount of compounding interest…

Q: Rebecca made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years,…

A: Solution: An amount deposited at beginning of every period is known as annuity due. So, future value…

Q: Raj deposits 25 into a fund at the end of each month for 2 years. The total amount of interest…

A: Solution- FV=PMT1+in-1iFV=2S1+i24-1i

Q: (b) Daniel deposits $5,000 into a fund at the end of each month in the coming five years. The fund…

A: Given information : Periodic investment  5000 Time period (years) 5.00 Interest rate 6.00%…

Q: For 22 years, Janet saved $250 at the beginning of every month in a fund that earned 4.25%…

A: The future value of the annuity due is the future worth of a cash flow series received or paid at…

Q: Deposits of $6000 are put into a fund at the end of each month for the next 9 years. At the end of…

A: The perpetuity refers to the regular payment of receipt for an infinite period of time at a  certain…

Q: For 18 years, Janet saved $250 at the beginning of every month in a fund that earned 3.5% compounded…

A: Monthly saving (S) = $250 Interest rate = 3.5% Monthly interest rate (r) = [1+0.035]1/12-1…

Q: For 14 years, Janet saved $1,050 at the beginning of every month in a fund that earned 4.25%…

A: When the periodic payments are made at the beginning of each period, such payments are known as the…

Q: Sue has contributed $2,843.00 every three months for the last 11 years into an RRSP fund. The…

A:

Q: Noor made 5 annual deposits into a fund that paid 10% compound annual interest. Her first deposit…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Alex receives level payments at the beginning of each year for 5 years. He deposits the payments…

A: Reinvestment is the practice of using dividends, interest, or any other form of the income…

Q: Juliana has contributed $2,787.00 every six months for the last 14 years into an RRSP fund. The…

A: Future worth is the amount that an investor expects from the cash flows in each period. Future worth…

Q: Eight equal deposits of $1,000 are made at the end of each year into a fund paying 8%. a. What is…

A:

Q: 7. Manolo deposited P 120 000 in a fund that pays 5% compounded annually for the first 3 years, 4 ½%…

A: Interest is a value which is received on a deposited amount for the period. It increases the value…

Q: A corporation creates a sinking fund in order to have $440,000 to replace some machinery in 8 years.…

A: Time value of money (TVM) is used to measure the value of money at different point of time in the…

Q: John made a deposit of 4400 into a fund ot the þeginning of each year for 16 years. At the end of 16…

A: FV of annuity = Payment * (1+i)n-1i

Q: 7. A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is…

A: Quarterly deposit (P) = P 30,000 Interest rate = 12% Quarterly interest rate (r) = 12%/4 = 3% Period…

Q: Shane invested $11,000 in a fund earning 5.5% compounded monthly. He will withdraw $800 from the…

A: Given, Shane invested $11000 in a fund earning 5.5% compounded monthly at the end of first 4 years…

Q: the beginning of each month, $200 is deposited into a retirement fund. The fund earns 6% annual…

A: Compound Interest: It is the amount which is included in the principal amount year to year till its…

Q: 7. To accumulate Php 85 250, Joanna needs to place equal deposits at the end of every 3 months in a…

A: Given: Future Value of annuity payment (FVA) = Php 85250 Interest rate = 8% compounded quarterly…

Q: Stephanie invested $500 at the end of every month in an investment fund that was earning interest at…

A: The accumulated value of any fund is equal to the sum of future value of all the deposits made…

Q: Faisal deposits $1,139 in a fund paying 4% annual compound interest; after 5 years the fund…

A: The future value of the account at the end of 11 years can be calculated with the help of future…

Q: Twenty-five thousand dollars is deposited in a bank trust account that pays 3% interest, compounded…

A: Formula to calculate annual withdrawal is: W = A(F/A, i, n)

Q: Lovely Mae’s deposit of 100,000 is placed into a college fund at the beginning of every month for 10…

A: The annuity making payments at the beginning is referred as annuity due as provided in question.…

Q: Dylan contributed $700 at the end of every 3 months, for 4 years, into a Registered Retirement…

A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…

Q: Francis deposits P 100,000 into a fund today and P 200,000 fifteen years later. Interest is credited…

A: Deposit today (D0) = P 100000 Deposit after 15 years (D1) = P 200000 Discount rate for first 10…

Q: Diego made end of quarter deposits of $1,650 into a retirement fund at 6.50% compounded monthly for…

A: Annuity means a series of finite number of payments which are the same in size and made in equal…

Q: Brittany contributed $3,750 at the end of every 3 months, for 5 years, into a Register. Retirement…

A: Solution: An amount deposited at end of every period is known as ordinary annuity. The formula for…

Q: At the beginning of each month, $400 is deposited into a scholarship fund. The fund earns 5% annual…

A: Future Value can be calculated using FV function in excel FV (rate, nper, pmt, [Pv], [type]) Rate…

Q: a. Peter started to deposit P5,000 monthly in a fund that pays 1% compounded monthly. How much will…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: $4,250 was deposited at the end of every six months for 5 years into a fund earning 2.2% compounded…

A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…

Q: You deposit $1,000 in a fund at the end of each year for a 10- year period. The fund pays 5%…

A: An amortization schedule is a complete table of periodic loan payments, showing the amount of…

Q: Devin started a fund that would pay out $1,400.00 every month in perpetuity. The fund earns 3.72%…

A: Perpetuity Perpetuity is the series of fixed payments which is incurred or received for the infinite…

Q: May deposits PhP 20,000 into a fund at the beginning of nd of 15 years, she makes an additional…

A: The present value of the future payments to be received will give the the future value of payments…

Q: Ahmad is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded…

A: We need to calculate future value of an ordinary annuity. here annuity is a monthly deposit of…

Q: At the beginning of each year, Jerome invests $1,400 semiannually at 8% for nine years. Using the…

A: Annuity due refers to repeating payments that are made at the beginning of each period. We can…

Q: Erik invested $575 at the end of every month in an investment fund that was earning interest at a…

A: a. For 6 Months Erik invested $575 every months  at rate 4.20% time 6 years therefore this is the…

Q: is deposited each year into a bank account that pays 8% interest compounded quarterly how much would…

A: The future value of annuity includes the amount being deposited each year and the amount of interest…

Q: How much must be deposited today into the following account in order to have a $135,000 college fund…

A: the question is based on the concept of Future value

Q: James invested the profit of his business in an investment fund that was earning 2.25% compounded…

A: The return of 2.25% generated from investment fund is compounding whereas withdrawals are made after…

Q: Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly. How…

A: Note: We are providing the solution of question no.1 as specified in the first line of the question.…

Q: Juliana has contributed $2.108.00 every six months for the last 9 years into an RRSP fund The…

A: The concept of the time value of money states that due to the interest-earning capacity of money,…

Q: how much is Helen's deposit

A: Future value of a deposit is the net worth that a deposit will earn at a specified future date with…

Q: Sue has contributed $2,843.00 every three months for the last 11 years into an RRSP fund. The…

A: We need to break this question into 3 parts. In the first part we need to calculate the FV of the…