2. Joan contributes $4000, AT THE BEGINNING of each quarter, for 10 years to an account that earns 9.2% interest, compounded quarterly. After 10 years, Joan takes out her earnings and puts the total amount of her annuity balance into a common stock that will earn 11% compounded semi-annually. Find the time it will take till the stock is worth $600,000, if she does not put any more money into the stock after the first one-time principal payment. HINT: You will need to use a Log rule to find t.

Q: Your father paid $10,000 (cf occurs at t=0) for an investment that promises to pay $850 at the end…

A: Expected rate of return can be described as the total profit or loss on a particular investment over…

Q: Luis has $160,000 in his retirement account at his present company. Because he is assuming a…

A: Given: Amount in retirement account = $160,000 Annual payment = $2,000 Years =22 Interest rate = 8%

Q: 1. Manda Bamkeng deposits Php 50,000 every beginning of the month for 4 years with 2% compounded…

A: Note: As per the rules of Bartleby,in case of multiple unspecified questions only the first question…

Q: At retirement, Maria's saving account has $620,000 in it and is earning 1.2% compounded monthly.…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: Togo's monthly salary is $1080 and his monthly expenses are on average $750. Togo is looking at some…

A: Investments providing a compounding interest rate calculate interest on the principal as well as…

Q: Ms. Lun is earning P20,000 per month.  She plans to invest in an insurance company an amount…

A: Monthly Earning of Ms. Lun P20,000 Annual Earning of Ms. Lun (P20000 * 12) P2,40,000 Amount…

Q: Crystal Nelson is 30 years old and she invests $3,300 in an annuity, earning a 8% compound annual…

A: PV = 0 N = 21 rate = 8% PMT = 3300 use FV function in Excel with type as 1

Q: Kershaw wishes to accumulate $2 million by the end of 40 years by making equal annual end-of-year…

A: The Future Value of the annuity refers to the sum value of all the payments which is occurred…

Q: (a) Patty Stacey deposits $1200 at the end of each of 5 years in an IRA. If she leaves the money…

A: a)  Computation:

Q: Belle decided to start a new investment account.  She deposits $1,000 into an account that earns…

A: Using excel FV function

Q: Suppose a young couple deposits $700 at the end of each quarter in an account that earns 7.2%,…

A: Here, Deposit for the first three years is $700 per quarter Deposit after three years for the next…

Q: Patty Stacey deposits $2000 at the end of each of 5 years in an IRA. If she leaves the money that…

A: Time value of money states that the amount now is more valuable than the equivalent amount in the…

Q: Zach depsoits a $38,000 one-time lump sum in an account with an APR of 7% that is compounded…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: Ginger Rogers deposits $3,000 a year into her retirement account. If these funds have an average…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: Emek is planning to retire in 15 years. She decides to start saving toward building up a retirement…

A: Here,

Q: Suppose a young couple deposits $900 at the end of each quarter in an account that earns 7.6%,…

A: This question is an application of annuity. The future value of an annuity with equal periodic…

Q: (a) Patty Stacey deposits $2400 at the end of each of 5 years in an IRA. If she leaves the money…

A: Deposit each year for patty = 2400 Time period of deposits = 5 N = 30 Interest rate = 11℅

Q: A) Suppose a young couple deposits $700 at the end of each quarter in an account that earns 7.6%,…

A: Future Value: The value of any asset at some future date which is computed using an assumed rate of…

Q: Susan Myer had invested $2500 in an ABC bank Certificate of Deposit when she inherited trust funds…

A: Calculation of Compound Interest Rate per monthly   Formula  r = n[(A/P)1/nt-1] Where r = Annual…

Q: Bob has saved a total of ₱2,550,000.00 for retirement. He put the money in a mutual fund which pays…

A: We need to use annuity formula given below to calculate size of monthly withdrawal PMT…

Q: Luis has $150,000 in his retirement account at his present company. Because he is assuming a…

A: Annuity means finite no. of payments which are same in size and made in equal intervals for a fixed…

Q: Your friend bought $7,000 worth of mutual funds with a redemption fee of 8 percent if she sells…

A: Redemption Fees of 8% shall apply only if she sells within the first year from the date of purchase.…

Q: Adriana Grandioso has made beginning-of-year deposits into an investment account for the past 21…

A: FV is the future worth of cash flows that have occurred in the past or present.

Q: Laura has decided to invest $5,000.00 at the beginning of the quarter for 10 years. If the interest…

A: Annuity refers to series of equalized payments that are made either at start or end of specific…

Q: Natalie’s RRSP is currently worth $250,000. She plans to contribute for another five years, and then…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: Suppose a young couple deposits $900 at the end of each quarter in an account that earns 6.2%,…

A: Given that  p= $ 900 deposited each quarter  r = 6.2% compounded quarterly after 9 years  p= $ 200…

Q: Joe Franklin deposits $22,000 in a savingsaccount that pays 6% interest compounded monthly.Three…

A: The future amount is determined by using future amount formula and that formula use the present…

Q: Cristina invests $140.00 a quarter for 9 years into an account earning 9% compounded quarterly.…

A: Note: Hi! Thank you for the question As per the honor code, We’ll answer the first question since…

Q: our father paid $10,000 (CF at t = 0) for an investment that promises to pay $850 at the end of each…

A: We have to essentially find the disocunt rate at which this investment has NPV of zero. Thus, we…

Q: You have begun a 401k at work, contributing $1,000 at the end of each year. How much is your account…

A: The worth of an account in the future can be calculated using the FV function in Excel.

Q: John and Rosamond want to retire in 8 years and can save $230 every three months. They plan to…

A: In this problem we have to convert interest into quarterly interest and period into quarterly period…

Q: 8. John's current income is $68,000 per year, and he is planning to retire 20 years from now. John…

A: Note: This post contains two distinct questions. The first has been answered below.   The Future…

Q: Morgan Madison needs $339,200 in 10 years. How much must he invest at the end of each year, at 9%…

A: In the given question we need to calculate how much Morgan madison needs to invest at the end of…

Q: Patricia French received $500,000 from aninsurance company after her husband’s death. Patricia wants…

A: Monthly payment: It can be defined as the payment made by the borrower on a monthly basis.

Q: A self employed individual, Jimmy Carpenter, is opening a retirement account at a bank. His goal is…

A:

Q: An individual wants to have 1,000,000 AED in 10 years. Suppose she will pay no taxes at the end of…

A: According to the question, an individual wants 1,000,0000 AED in 10 years i.e. the amount of…

Q: Joe Hernandez has inherited $25,000 and wishes to purchase an annuity that will provide him with a…

A: Time value tells that money received today is of more value than that of receiving the exact value…

Q: Each month Lara invests $100 in an account earning 4% annual interest compounded monthly. a) Find…

A: PV= $100 r= 4% compounded monthly n= 20 years FV=?   FV= PV(1+r)n FV= $100(1+0.04/12)20*12 FV=…

Q: Each month Lara invests $100 in an account earning 4% annual interest compounded monthly. a)find the…

A: Annuity refers to an investment which involves a series of regular payments for a certain period of…

Q: Don Harrison's current salary is $60,000 per year, and he is planning to retire 25 years from now.…

A: Excel Spreadsheet:

Q: Jane invests $700 at the end of each year for 5 years. If interest is paid at 7%/a compounded…

A: Data given: Investment amount = $ 700 (at the end of each year) n= 5 years Interest = 7% p.a.…

Q: Steffi Derr expects to invest $10,000 annually that will earn 8%. How many annual investments must…

A: Future value: It can be defined as the value of an investment or any asset at a specified future…

Q: Annette has just inherited $180,000. She invests this money at a rate of return of 6.47% per year…

A: Given: Present value $180,000 Rate 6.47% Another annuity $2,851 Years 20 Compounding…

Q: Emily Dorsey’s current salary is $90,000 peryear, and she is planning to retire 22 years from…

A: Formula to calculate accumulated interest: A=P1+rnn×tWhere,A = final amount P = initial principal r…

Q: 1. A man inherited a regular endowment of P100,000 every end of 3 months for 10 years. However, he…

A: Given information : Regular endowment 100000 Time period (TARGET) 4 Interest rate  14% In…

Q: (a) Patty Stacey deposits $2000 at the end of each of 5 years in an IRA. If she leaves the money…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: A woman deposits $12,000 at the end of each year for 15 years in an investment account with a…

A: The question is based on the concept for calculation of the future value by use of compounding…