A business must raise $50,000 in 9 years. What should be the size of the owners' quarterly payment to a sinking fund paying 4% compounded quarterly? (Round your answer to the nearest cent.) 24

Q: Choi Home Repair needs to accumulate $22,000 in 6 years to purchase new equipment. What sinking fund…

A: In the given question we require to calculate the sinking fund payment choi home repair need to make…

Q: 1-A company estimates that it will need $64,000 in 16years to replace a computer. If it establishes…

A: Sinking Fund is a fund that contains money that is saved or set aside to pay off a bond or debt. It…

Q: If you invest $20,000 at an annual rate of 1% compounded continuously, calculate the final amount…

A: The question is based on the concept of Financial Management.

Q: Assume that you want to have $ 4100 saved in a sinking fund in 1 year. The account pays 3%…

A: Future value (FV) = $ 4100 Annual interest rate = 3% Monthly interest rate (r) = 3%/12 = 0.25%…

Q: If $10,000 is invested in a certain business at the start of the year, the investor will receive…

A: Computation of present value:Hence, the present value is $1,151.30.

Q: Suppose someone wants to accumulate $40,000 for a college fund over the next 15 years. Determine…

A: Given, The required amount is $40000. Term is 15 years

Q: A company makes fixed annual payments to a sinking fund to replace equipment in five years’ time.…

A: Future Value of Money Required = 200,000 Time Period = 5 years Interest  Rate = 10%   Future Value…

Q: You plan to invest $1,200 at the end of year 1, $2,000 at the end of year 2, and $3,700 at the end…

A: Given data; Amount deposited at the end of year 1 = $1200 Amount deposited at the end of year 2 = $…

Q: A company estimates that it will need $300,000 in 9 years to replace an important machine. If it…

A: Required amount = $300,000 Time period = 9 years  Interest rate = 6.5% compounded monthly

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…

A: An effective annual rate is the modified interest rate from the nominal rate that represents the…

Q: Today, you invest P100,000 into a fund that pays 25% interest compounded annually. Three years…

A: Amount = Principal (1+(rate/100))^n Initially, we deposit P 100,000 in a fund with a 25% annual…

Q: Your RRSP savings of $25,000 are converted to a RRIF at 5.25% compounded monthly that pays $5,300 at…

A: Rate = 5.25% Monthly rate (I/Y)                        = 5.25/12 = 0.437500  Amount available (PV)…

Q: you are paying into an investment account that pays 8% compounded annually. If you are making…

A: In the given question we require to calculate the future value from the following details: Interest…

Q: Mr. Santos will deposit P10, 000 at the ABC bank at the end of each quarter for 2 years. If the bank…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: If money is worth 9.73% annually, what annual payment is required to raise ₱ 15,434 after 4 years?

A: It can be calculated using PMT function in excel.   PMT(rate, nper, pv, [fv], [type]) Rate The…

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: interest dues on it. Three years from this withdrawal you start taking Php 20,000 per year out of…

A: Solution:- Calculation of Schedule of Investment fund ( Amount in Php) Year Opening balance…

Q: A business must raise $90,000 in 6 years. What should be the size of the owners' quarterly payment…

A: We will apply the required formula to calculate the each quarterly payment using 6 years time and…

Q: mpany estimates that it will need $66,000 in 7 years to replace a computer. If it establishes a…

A: A sinking fund is an account in which the amount is deposited after the regular period by setting…

Q: 6. A company wishes to spend P40,000 for a new office copier and decides to set up a sinking fund to…

A: Money Required (Future Value) = 40,000 Present Value (value at start) = 0 N = 3 years Quarterly…

Q: A business worth $990,000 is expected to grow at 8% per year compounded annually for the next 5…

A: Req-a.   Business Worth today $9,90,000 Growth Rate 8% Future value of $1 at 8% for 5 years…

Q: Use the formula for the value of an annuity to solve:To offer scholarship funds to children of…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: A company borrowed $4,250,000 at an effective rate of 4.25% for 5 years. To make sure it has the…

A: Note: No intermediate rounding is done and final answer is rounded to two decimal places. a) Future…

Q: How much would a business have to invest in a high-growth fund to receive $22,000 every month for 5…

A: Solution:- When an equal amount is receivable each period, it is called annuity. So, present value…

Q: You are an employee that earns 20,000 per month. Assuming that you want to invest half of the amount…

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

Q: If P20,000 is invested in a fund that pays 10% compounded annually, how much money will be in the…

A: Answer -    Part 1 -  If P20,000 is invested in a fund that pays 10% compounded annually, how much…

Q: how many years

A: The $50000  fund is a lump sum amount today. The $6000 withdrawl per year is ordinary annuity. To…

Q: How long will it take an RESP to grow to $200,000, if the plan owner contributes $250 at the end of…

A: The payment flow which continues for a definite time period and terminates after lapse of time…

Q: Today, you invest P 100,000 into a fund that pays 25% interest compounded annually. Three years…

A: With the time value of money application, we compute the amount at each even of deposit and…

Q: Determine when, to the nearest year, $3,000 invested at 5% per year, compounded daily, will be worth…

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

Q: you started making sinking fund deposit of 20000 today. its bank pays 6% compounded semi-annually…

A: Solution Given Present deposit 20000 Rate of interest 6% compounded semiannually…

Q: You have $5,000 to deposit. Regency Bank offers 15 percent per year compounded monthly (1.25 percent…

A: Data given:: Amount = $5000 Regency Bank offers = 15% compounded monthly (15%/12 = 1.25%) King Bank…

Q: Jeff Associates needs to repay $29,000. The company plans to set up a sinking fund that will repay…

A: Sinking fund (SF) is a type of savings account in which periodical payments are deposited to…

Q: An investor needs $17,000 in 13 years. (a) What amount should be deposited in a fund at the end of…

A: Amount needed " FV" is $17,000 Time period is 13 years Interest rate is 7% Compounded Quarterly To…

Q: How long will it take an RESP to grow to $200,000, if the plan owner contributes $250 at the end of…

A:

Q: Twelve years ago, you deposited $25,500 into an investment fund. Five years ago, you added an…

A: Given information: Deposited an amount of $25,500 for 12 years Additional $15,000 added into…

Q: A $500,000 whole life policy is available for $5150 per year, payable at the beginning of the year.…

A: Life policy per year $ 5,150 Insurance amount ($5,150 x 10%) $ 515 Savings plan ($5,150 x 90%) $…

Q: Tuck Hardware Store will have $30,000 payment due in 5 years. How much would they need to invest…

A: Computation:

Q: A business worth $180,000 is expected to grow at 12% per year compounded annually for the next 4…

A:

Q: You wish to have an annual cash inflow of $48,000 at the end of each of 6 years. How much must you…

A: Cashflow(PMT) $48,000  Time (n) = 6 years  Rate (r) = 4%

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added an…

A: Time value of money techniques helps us to find the values of the deposits at different time…

Q: How much would a business have to invest in a high-growth fund to receive $14,000 every month for 6…

A: Investments are the ways by which individuals and corporations park or save their money and funds in…

Q: it is desired to save $20,000 by depositing $800 every 3 months in an investment that pays 8%…

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

Q: You wish to have $20,000 in an account 8 years from now. How much moneymust be deposited in the…

A: Computation:

Q: Dave put $22,000 in an investment that is compounded yearly at a rate of 7%. The investment is over…

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

Q: In order to have ₱1 million in a fund at the end of 15 years, how much must be deposited in the fund…

A: Amount to be deposited per quarter can be calculated using PMT function in excel. PMT(rate, nper,…

Q: A business must raise $70,000 in 8 years. What should be the size of the owners' quarterly payment…

A: In this, we have to calculate future value FACTOR and from that, we can get sinking fund payment. A…

Q: How much would a business have to invest in a high-growth fund to receive $13,000 every month for 7…

A: An annuity is the total of regular payments made over a period of time at a specific date, at a…