23. they invested the full amount into a conventional IRA 6,000 and also the maximum for their two younger children’s educational IRAs (also called a CESA) 2,000 each. How much do they invest?
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23.
they invested the full amount into a conventional IRA 6,000 and also the maximum for their two younger children’s educational IRAs (also called a CESA) 2,000 each. How much do they invest?
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- 1) millet wants to provide a ₱200,000 graduation gift for her daughter mae who is now 16 years old. she would like the fund to be available by the time her daughter is 20. she decides on an investment that pays 10% compounded quarterly. how large must the deposit be? A) Millet must deposit at least 137,000 B) Millet must deposit at least 138,000 C) Millet must deposit at least 135,000 D) Millet must deposit at least 136,000 2) What is the maturity value of 3,000 invested at 9.5% compounded semi annually for 3.5 years? A) Approximately 4,400 after three and a half years B) Approximately 4,600 after three and a half years C) Approximately 4,000 after three and a half years D) Approximately 4,200 after three and a half years 3) What will be the maturity value of 12,000 invested for four (4) yearsat 15% compounded quarterly? A) Approximately 22,000 after four years B) Approximately 21,400 after four years C) Approximately 21,600 after four years D) Approximately 21,800 after…11. If Jennifer contributes $500 every quarter into her superannuation fund for the next 45 years, how much will she accumulate assuming she can earn 8% p.a. and the first contribution is made immediately? Select one: a. $652,810.16 b. $875,181.20 c. $858,020.78 d. $90,000.00A man invests P10,000 now for the college education of his 2-year old son. If the fund earns 14% effective, how much will the son get each year starting from his 18th to the 22nd birthday?
- Mr. and Mrs. Maglalang decide to set aside ₱ 500,000 today and place it on a bank savings account for their newborn daughter’s college education. How much will be available for college education when their daughter celebrates her debut, considering that They found an equity fund that offers an average interest rate of 6% compounded quarterly.2. a man invests P 10,000 now for the college education of his 2 year old son. If the fund earns 14% effective, how much will the son get each year starting from his 18th to the 22nd birthday?Stephanie inherited $40,000. She wants to put some of the money in a certificate of deposit that pays 2.1% interest per year and the rest in a mutual fund account that pays 6.5% per year. How much should she invest in each account if she wants to earn 5.4% interest per year on the total amount?
- The AGI of the Newtons, a married couple, is $199,000 this year. They would like to contribute to a Roth IRA. 1. What is the maximum amount this couple can contribute to a Roth IRA? Show your calculations using Microsoft Excel. 2. Now suppose that the Newtons will report AGI of less than $196,000 and put $12,000 each year into their Roth IRA for 20 years, earning an annual return of 5%. What future value will accumulate in their Roth at the end of this period?You would like to give your daughter $75,000 towards her college education 16 years from now. How much money must you set aside today for this purpose if you can earn 8 percent on your investments? Group of answer choices $28,417.67 $18,388.19 $29,311.13 $21,891.79 $20,270.17An investment will pay $150 at the end of each of the next 3 years, $200 at the end of Year 4, $400 at the end of Year 5, and $550 at the end of Year 6. If other investments of equal risk earn 8% annually, what is its present value? Its future value? Allison and Leslie, who are twins, just received $35,000 each for their 26th birthday. They both have aspirations to become millionaires. Each plans to make a $5,000 annual contribution to her "early retirement fund" on her birthday, beginning a year from today. Allison opened an account with the Safety First Bond Fund, a mutual fund that invests in high-quality bonds whose investors have earned 8% per year in the past. Leslie invested in the New Issue Bio-Tech Fund, which invests in small, newly issued bio-tech stocks and whose investors have earned an average of 14% per year in the fund's relatively short history. If the two women’s funds earn the same returns in the future as in the past, how old will each be when she becomes a…
- An individual wants to deposit $112,100 into two investment accounts. One account pays 66% annual return, and the other pays 1515%. How should this individual divide the total amount, if he wants to have an annual return of $11,703?Jean invests $1000 in Year 1 in a socially responsible fund, and doubles the amount each year after that (so the investment is $1000, 2000, …). (a) If she does this for 10 years, and the investment pays 4% annual interest, what is the future worth of her investment? (b) What are socially/ethically responsible investment funds? How do they differ from other types of investments? Why do people invest in them?Your brother, who is 6 years old just received a trust fund that will be worth $25,000 when he is 21 years old. If the fund earns 0.11 interest compounded annually, what is the value of the fund today? Round to two decimal places.