A perpetuity earning 4.00% compounded semi-annually is started with a $159,000.00 investment. How much money could be regularly withdrawn from the investment every 6 months? %24 Round your answer to the nearest cent

Q: A house is rented for $6,800 per quarter, with each quarter's rent payable in advance. If money is…

A:

Q: What lump sum do parents need to deposit in an account earning 12%, compounded monthly, so that it…

A: Given, The amount obtained after 10years is $100,000. interest rate is 12% & compounded monthly.…

Q: What amount must be set aside now to generate payments of $30,000 at the beginning of each year for…

A: Solution

Q: Suppose you deposit $2,500 in a CD paying 8% interest, compounded every other month. How much will…

A: Given that, The deposit $2,500 in a CD paying 8% interest, compounded every other month. Calculate…

Q: A business must raise $70,000 in 5 years. What should be the size of the owners' quarterly payment…

A: Given : Amount to be raised = A = $70,000 Interest Rate = 0.03 Time period = 5 years n = compounding…

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A: To help pay an estimated $35000 in college expenses, parents make a deposit into a college fund at…

Q: An insurance settlement of $1 million paid today will be invested and used to replace Trixie Eden's…

A: Part-1(Given) An insurance settlement of $1 million paid today will be invested and used to replace…

Q: Suppose an annuity will pay $13,000 at the beginning of each year for the next 6 years. How much…

A:

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: P=Principle=?t=time=5 yearsr=interest rate=6%=0.06A=final amount=$5000n=number of times compounded…

Q: lohn and Rosamond want to retire in 10 years and can save $190 every three months. They plan to…

A: Given: Periodic payment (m0=$190Rate(r)=7.72%Time(t)=10 yearsNumber of payments per year(n)=5

Q: How much money should Cody invest today into a fund that earns interest at 4.75% compounded…

A: Here, the effective semi-annual interest rate =1+quarterly rate2-1 where quarterly rate…

Q: A recent graduate's student loans total $18,000. If these loans are at 4.2%, compounded quarterly,…

A: A recent graduate's student loans total $18,000.If these loans are 4.2%,compounded quarterly,for 8…

Q: Your investment of $20,000 received 5.2% interested compounded semi-annually. What is the balance of…

A: Given data is : Principal P=$20000 Interest rate compounded semi annually r=5.2% n=2t=3 years  To…

Q: A business must raise $60,000 in 7 years. What should be the size of the owners' quarterly payment…

A: NOTE: Refresh your page if you can't see any equations. . here we have FV=60000 t=7 years r=4%=0.04…

Q: A business must raise $80,000 in 7 years. What should be the size of the owners' quarterly payment…

A: Here Pt=80000, t=7, n=4, r=3%=0.03 ,d=? *** This is the problem related to financial mathematics and…

Q: Robin, who is self-employed, contributes $6500/year into a Keogh account. How much will he have in…

A: Future value of the annuity gives the net worth after n years if  P dollars invested each year at i…

Q: Bill Poole wants to have $25,000 available in 8 years for a down payment on a house. He has…

A: Given: The future value is A=$25000. The time duration is 8 years. The rate of interest is 5.2%…

Q: A company wants to have $240,000 available in  4(1/2) years or 4.5 years  for new construction. How…

A: Future value =$240,000 Annual rate of interest =10.2% r=10.2%⇒r=0.102 Interest is compounding…

Q: What amount must be set aside now to generate payments of $20,000 at the beginning of each year for…

A: amount must be set aside now to generate payments of $20,000 at the beginning of each year for the…

Q: A house is rented for $3000 per quarter, with each quarter's rent payable in advance. If money is…

A: Given P=$3000 r=8% compounded quaterly. The objective is to find the future value of the rent for…

Q: Attucks College predicts that in 12 years it will take $⁢250,000 to attend the college for four…

A: Given Information A =$250000,  rate of interest = 11% = 0.11 n = 12 (Compounded monthly) t = 12…

Q: A business must raise $50,000 in 8 years. What should be the size of the owners' quarterly payment…

A: Consider the provided question, given that, Amount (A) = $50,000 time(t) = 8 years rate of interest…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: To solve the following problem when compounded anually.

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

A:

Q: A recent graduate's student loans total $14,000. If these loans are at 4.8%, compounded quarterly,…

A: Given:

Q: Robin, who is self-employed, contributes $4500/year into a Keogh account. How much will he have in…

A:

Q: Patty Stacey deposits $2800 at the end of each of 5 years in an IRA. If she leaves the money that…

A: Her amount accures by the formular. A = P(1+r/n)^nt. Where her principal P = $2,800. Rate, r =7%…

Q: A business must raise $80,000 in 5 years. What should be the size of the owners' quarterly payment…

A: Given that  future value 80000 Time period 5 years  Interest rate 3%  To find the present value

Q: Recent sales of some real estate and record profits make it possible for a manufacturer to set aside…

A: A manufacturer set aside a fund of $1200000. Thus, Adue=1200000 The payments are made at the…

Q: You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into…

A: You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into…

Q: You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into…

A: General Formula of Annuity is as below: in this question : d=1700r=2%=0.02k=1N=65-25=40

Q: What amount must be set aside now to generate payments of $20,000 at the beginning of each year for…

A:

Q: A recent graduate's student loans total $17,000. If these loans are at 4.2%, compounded quarterly,…

A:

Q: How much money should Bryan invest today into a fund that earns interest at 5.75% compounded…

A:

Q: Robin, who is self-employed, contributes $5500/year into a Keogh account. How much will he have in…

A: Present value (PV) = $5000 per year   Time = 20 years   Intrest rate = 5.5% per year

Q: You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into…

A:

Q: A college plans to set up an endowment fund that will provide a scholarship of $5,000 at the end of…

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Q: An investment company pays 6% compounded semiannually. You want to have $19,000 in the future. (A)…

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Q: The Pirerras are planning to go to Europe 5 yr from now and have agreed to set aside $200/month for…

A: Given The periodic payment (R) $200 per month. Periodic interest rate (r) is 8% per year. Periods…

Q: A business must raise $80,000 in 8 years. What should be the size of the owners' quarterly payment…

A:

Q: Recent sales of some real estate and record profits make it possible for a manufacturer to set aside…

A: Given Amount =$1,000,000 time 6 years rate 7.7%

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

A: According to the given information, Amount expected in future = $90000 There are four quarters in a…

Q: A corportation creates a sinking fund in order to have $550,000 to replace some machinery in 12…

A:

Q: An investment company pays 4% compounded semiannually. You want to have $12,000 in the future. (A)…

A:

Q: You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into…

A:

Q: A house is rented for $4000 per quarter, with each quarter's rent payable in advance. If money is…

A: Given house is rented for $4000 i.e. d=$4000 Interest rate r=3%=0.03  Number of compounding periods…

Q: A business must raise $90,000 in 5 years. What should be the size of the owners' quarterly payment…

A: givenAmount (A)=$90,000number of years(n)=5 yearsrate (R)=3%size of the owner's quartely paayment…

Q: What lump sum do parents need to deposit in an account

A:

Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

A:

Q: Robin, who is self-employed, contributes $6000/year into a Keogh account. How much will he have in…

A: Given, Robin, who is self-employed, contributes $6000/year into a Keogh account

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.