A company plans to make our di deposits of $4,500 bal to a special building hand. The hands assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $4,500 annual deposit are made at the end of each of the four years and interest is compounded annually. 2. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $4,500 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. Answer is not complete.

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter3: Data Visualization
Section: Chapter Questions
Problem 6P: The file MutualFunds contains a data set with information for 45 mutual funds that are part of the...
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A company plans to make our annual deposits vi p4,900 Caio a special building runu. Te funds assets will be invested in
mortgage instruments expected to pay interest at 12% on the fund's balance.
Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Required:
Determine how much will be accumulated in the fund after four years under each of the following situations:
1. The $4,500 annual deposit are made at the end of each of the four years and interest is compounded annually.
2. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded annually.
3. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly.
4. The $4,500 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest
earned is withdrawn at the end of each year.
$
Complete this question by entering your answers in the tabs below.
Required 1
Deposit
Amount
Required 2
4,500
The $4,500 annual deposits are made at the beginning of each of the four years interest is compounded annually, and interest
earned is withdrawn at the end of each year.
Required 3
Number of
Payments
X Answer is not complete.
Interest left
in Fund
Required 4
Fund
Balance
< Required 3
Required 4 >
Transcribed Image Text:A company plans to make our annual deposits vi p4,900 Caio a special building runu. Te funds assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $4,500 annual deposit are made at the end of each of the four years and interest is compounded annually. 2. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $4,500 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. $ Complete this question by entering your answers in the tabs below. Required 1 Deposit Amount Required 2 4,500 The $4,500 annual deposits are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. Required 3 Number of Payments X Answer is not complete. Interest left in Fund Required 4 Fund Balance < Required 3 Required 4 >
A company plans to make four annual deposits of $4,500 each to a special building fund. The fund's assets will be invested in
mortgage instruments expected to pay interest at 12% on the fund's balance.
Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Required:
Determine how much will be accumulated in the fund after four years under each of the following situations:
1. The $4,500 annual deposit are made at the end of each of the four years and interest is compounded annually.
2. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded annually.
3. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly.
4. The $4,500 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest
earned is withdrawn at the end of each year.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2 Required 3
First deposit
Second
deposit
Third deposit
Fourth
deposit
The $4,500 annual deposits are made at the beginning of each of the four years and interest is compounded quarterly
Note: Round your final answers to nearest whole dollar amount.
j=
12% X
12% X
12% X
12% X
n=
4 X $
8 X
12 x
16 X
Deposit
4,500
4.500
4,500
4,500
Answer is not complete.
Required 4
$
$
Fund Balance
5,065 X
13,691 X
18,756
Transcribed Image Text:A company plans to make four annual deposits of $4,500 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $4,500 annual deposit are made at the end of each of the four years and interest is compounded annually. 2. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $4,500 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 First deposit Second deposit Third deposit Fourth deposit The $4,500 annual deposits are made at the beginning of each of the four years and interest is compounded quarterly Note: Round your final answers to nearest whole dollar amount. j= 12% X 12% X 12% X 12% X n= 4 X $ 8 X 12 x 16 X Deposit 4,500 4.500 4,500 4,500 Answer is not complete. Required 4 $ $ Fund Balance 5,065 X 13,691 X 18,756
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