4. A retiree invested P400,000 in a pension plan that earns 15% interest compounded monthly. If pension payments are given every three months, determine the amount of each payment that the retiree will receive for 15 years.

Q: ind the amount needed to deposit into an account today that will yield a typical pension payment of…

A: Annual payment  (P) = $15000 Period (n) = 28 Years Interest rate (r) = 4.9%

Q: An architect is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…

A: Solution Given Annuity due (p) 35000 Period (n) 18 years Interest rate r 5%…

Q: Under a new company employees savings plan, an employee will pay P 250 at the beginning of each…

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

Q: Mai Lee has contributed $250 at the end of each month into her company's employee retirement account…

A: answer and calculations are given below

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

A: An annuity is a series of equal payments made or received at regular intervals. When the cash flows…

Q: An engineer is entitled to receive P25,000 at the beginning of each year for 18 years. If the rate…

A: Solution 1: Present value of annuity = P25,000 * Cumulative PV factor at 4% for 18 periods of…

Q: What should be the balance in a Registered Retirement Income Fund (RRIF) that will provide $2,000 at…

A: The balance of the fund is equal to the sum of the present values of all future receivables. The…

Q: What should be the balance in a Registered Retirement Income Fund (RRIF) thật will provide $3,000 at…

A: FV  =  PV (1 + r/n)nt where, FV  =  Future ValuePV  =  Present Valuer  =  rate of interestt  =…

Q: An engineer is entitled to receive P25,000 at the beginning of each year for 18 years. If the rate…

A: Given,  Payment is P25, 000 Rate 4% Number of years 18.

Q: The projected benefit obligation was $340 million at the beg the year, pension benefits paid by the…

A: Service cost  Service Costs are the Consultant's predetermined monthly costs for the performance of…

Q: Most people prepare for retirement by depositing money into a monthly or annual savings plan. An…

A: An annuity is a stream of equivalent periodic cash flows over a specific time duration. The future…

Q: An insurance company offers a retirement annuity that pays 100,000 per year for 15 years, gorwing at…

A: An Annuity is a stream of regular periodic payments made or received for a specified period of time…

Q: To save for​ retirement, a student invests ​$50 each month in an ordinary annuity with 6% interest…

A: Monthly Investment(PMT) is $50 Interest rate(i) is 6% Time period is 40 years   To Find: Amount…

Q: Ira Schwab opens up a Schwab IRA and places $2,000 in his retirementaccount at the beginning of each…

A: IS opens a retirement account and pays an annuity of $2,000 at the beginning of 10 consecutive…

Q: 2. An employee plans on working and contributing to his retirement account monthly for 32 years and…

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

Q: You plan to prepare for retirement by making monthly contributions $1,500 to a savings account that…

A: Accumulated savings is defined as the savings, which amount for putting the back or investment each…

Q: A man deposits her annual bonus into a savings account that pays 8% interest compoundedannually. The…

A: In this question we need to calculate the amount in the saving account immediately after the fifth…

Q: Monthly pension of P8k for 20 years can be made by a single lump sum at the end of 5 years. How much…

A: Here we assume that the first pension is received one month from now N = 20*12, FV = 0, PMT = 8000,…

Q: Find the amount needed to deposit into an account today that will yield a typical pension payment of…

A: RATE 3.70% YEARS 24 PMT (MONTHLY PAYMENT) 15000 FUTURE VALUE $0

Q: r. Lopez is planning for her retired life. She has 10 more years of service. He would like to…

A: Here we will use the concept of time value of money. The concept of time value of money states that…

Q: You are to make monthly deposits of $500 into a retirement account that pays 10.3 percent interest…

A: A monthly deposit (P) of $500 is made for a period (n) of 420 (35*12=420) at an interest rate ( r )…

Q: A retiree invested P400,000 in a pension plan that earns 15% interest compounded monthly. If pension…

A: Given: Present value of a pension plan = P400,000 Rate of return "r"= 15% compounded monthly Number…

Q: Suppose that you are to make annual deposit of $3,000 into a retirement account that pays 11%…

A: Future value of the amount is the worth of the current amount in some future specified date at given…

Q: You invest $13,000 at 18% interest, compounded monthly, for 2 year

A: Future value of investment under compound interest method: Future value = P×(1+rf)n×f Where, P =…

Q: 9) A retirement gratuity of $123 900.00 is invested in annuity deferred for 10 years. The annuity…

A: The present value of an annuity is the current worth of a cash flow paid/received at the begging of…

Q: Jane Evans receives payments of $900 at the beginning of each month from a pension fund of $72,500.…

A: We will apply the annuity formula to find the number of payments and the size of final payment.

Q: What is the accumulated amount of a 8-year annuity paying ₱ 4,300at the end of each year, with…

A: Using excel FV function

Q: An insurance company has a plan where clients pay Php 25,000 each quarter as premium. They promise a…

A: Quarterly premium = 25,000 Future Value (Payout) = 1,000,000 Quarterly compounding Number of…

Q: account at the end of the 10yr period?

A: Introduction: Future value of annuity can be defined as calculating the value of a series of…

Q: How much can be accumulated for retirement if OMR2,000 is deposited annually, beginning one year…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: An insurance company receives 40,000 Rials annually for 10 years and pays the first pension after 5…

A: Value at end of deposit period is calculated by future value of annuity. Value at beginning of…

Q: Suppose you make 1000 pbr monthly deposits to a retirement plan that pays interest at a rate of 30%…

A: Using Excel FV function

Q: A retired employee accumulated an amount of P1.5 M on his retirement account. Instead of taking as…

A: The present value is the amount of money that would be needed today to achieve those future cash…

Q: Wasim invests $220,000 in an annuity that earns 8.50% interest compounded quarterly. It makes…

A: An annuity is referred to lump-sum payment made by you in return for regular disbursements,…

Q: Ira Roth opens up a Roth IRA and places $4,500 in his retirement account at the beginning of each…

A: in this we have to find out future value FACTOR and than future value of ANNUITY.

Q: 5. A 65-year old retiree invested Php. 400 000.00 in a pension plan that earn 15% interest…

A: The given problem can be solved using PMT function in excel. PMT function computes payment amount…

Q: An account earns 8% interest, compounded quarterly (nominal interest rate). а) 15 years if $500 is…

A: Annuity: The amount accumulated by periodic deposits is known as an annuity. Effective interest…

Q: Provide manual solutions to below mentioned problems. An engineer is entitled to receive P25,000 at…

A: Annuity Amount  = 25,000 Beginning of year receipts N = 18 years Interest Rate = 4%

Q: 9. Eddy obtained a $320,000 loan at 3.8% compounded semi-annually. What monthly payments will repay…

A: given, p = $320,000 r=3.8% ( semi annual compounding) n = 25 years m = 2

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: What is the accumulated amount of a 9-year annuity paying P 1,075at the end of each year, with…

A: Using Excel FV function

Q: What is the accumulated amount of a 9-year annuity paying ₱ 1,075at the end of each year, with…

A: Future value is defined as the current asset value at the date of future on the basis of an assumed…

Q: Your employer has agreed to place year-end deposits of $1,000, $2,000 and $3,000 into your…

A: The cash flows that are started immediately after the investment and go on for an infinite time…

Q: Aunt May will start receiving quarterly pension ($5000 quarterly paycheck) beginning one quarter…

A: Pension: It is the regular payment paid by the government to the retired employees.

Q: A deposit of $2,570 is placed into a retirement fund at the beginning of every 6 months for 14…

A: Future value is the value of amount invested today at a future specified period and interest rate.

Q: You plan to invest $2,000 in an individual retirement arrangement (IRA) today at a stated interest…

A: Introduction: The accumulation of amount at the end of a particular period can be defined as future…