Beginning December 31, 2018, Stanley wants to make ten equal, annual withdrawals from an investment account.Required:Using the appropriate tables, determine the amount of each annual withdrawal if $140,000 is invested on January 1, 2018 ataninterestrateof10%compoundedannually.

Q: In order to accumulate $1,000,000 after 35 years, calculate the amounts that must be invested at the…

A: Computation:

Q: A 3,300,000 loan was granted to a borrower by Norayma Bank with a nominal interest rate of 12% which…

A: Carrying value is the accounting value gauge wherein the value of a firm or resource is determined…

Q: We will use Excel PMT function to calculate the payment Rand then create an amortization schedule…

A: PMT function in excel is used to calculate the amount of payment received or paid by the individual.…

Q: Miller borrows $310,000 to be paid off in three years. The loan payments are semiannual with the…

A: Instalment= P x R x (1+R)^N / [(1+R)^N-1] N= 3 years*2 = 6 periods R= 10%/2 = 5%

Q: A company plans to purchase a new piece of equipment in 36 months. If $3105 is deposited into a…

A: Future value of a present value is the value of that amount after taking into account the time value…

Q: You invested $10,000 on February 8, 2021, in an account that pays 4% compounded monthly. If simple…

A: In case of partial period calculation and when compounding monthly, number of complete months taken…

Q: Starting three years from today, you make equal annual deposits of $5,000 into an account which…

A: Effective annual rate is calculated using the formula: EAR=1+rmm-1=1+12%22-1=1.062-1=12.36%

Q: cember 31, 2023. After

A: Carrying value is the accounting value gauge wherein the value of a firm or resource is determined…

Q: A debt of $28,400 is repaid by payments of $2,980 made at the end of every six months. Interest is…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Malik took out a loan for $27,800 from CIBC at 5.51% compounded quarterly, and will be making…

A: We need to use financial calculator to solve this problem  where P/Y =Payments par year C/Y…

Q: If you invest $7,500 in an account paying 8.35% compounded continuously, how much will be in the…

A: In the simple interest, we calculate the interest amount which we will receive after the specific…

Q: A firm wishes to set aside equal amounta at the end of each of 10 years beginning at the end of the…

A: Calculation of Present value of maintenance funds  Pvf @ 6% = 1 / (1+rate)^period   Present value =…

Q: $20,000 loan is being repaid by installments of $400 at the end of each month for as long as…

A: Amortization schedule is a table in which period payment or installment paid and the amount of loan…

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: Van Buren Resources Inc. is considering borrowing $100,000 for 202 days from its bank. Van Buren…

A: Given:Borrowing amount=$1000000 for 202 daysPayable amount $3000 of interest at maturityRepaid…

Q: If you deposit $620 every month for the next 9 years, with first deposit to be made today and all…

A: The given problem relates to concept of annuity. An annuity is a series of uniform cash flows over a…

Q: A sinking fund is established to discharge a debt of $60,000 in 5 years. If deposits are made at the…

A: Sinking fund is an accumulated fund to pay-off the future debts or expenses. Firm deposit an annual…

Q: An investment required an initial payment of $10,000 and annual payments of $1,500 at the end of…

A: First we need to calculate present value of total outflows PV of outflows =initial payment +PMT…

Q: An amount of 100,000 was borrowed and was to be repaid in 10 instalments at the end of every quarter…

A: Here, Borrowed amount (PV) is 100,000 No. of Quarterly Payment (n) is 10 Uniform Gradient Amount (G)…

Q: The company sells products to a customer for $60,000 and will receive $15,000 at the end of the…

A: Time value of money is the concept that states that the value of money have more worth than the same…

Q: A $10,000 loan is scheduled to be repaid in equal monthly installments at the end of each month for…

A: To Find: Additional Interest paid

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

A: Compound Interest: It is the amount which is included in the principal amount year to year till its…

Q: If, starting one year from today, 12 equal annual deposits of $2,500 are made into an account…

A: Annual deposit (P) = $ 2500 Annual interest rate (R) = 0% Number of annual deposit (N) = 12

Q: RD Inc. projects the following quarterly expenses over a 2-year period of time beginning 3 years and…

A: N = Number of quarterly expense periods = 8 Time period after which quarterly expense starts = 3…

Q: A sinking fund is established to discharge a debt of $80,000 in 20 years. If deposits are made at…

A: Working note:

Q: A certain amount was invested on Jan 1, 2016 such that it generated a periodic payment of $1,000 at…

A: The present value is the present worth of the amount that will be paid or received in the future.

Q: client at ZBX Fin Planning currently has $95,000 in their retirement account that is expected to…

A: Future value of money increases with increase in time and more deposit being made and more interest…

Q: A company will need $40,000 in four years for a new addition. To meet the goal, the company will…

A: According to the concept of future value and present value, investor is estimating the nearest value…

Q: On each December 31, you plan to transfer $2,000 from your checking account into an…

A: Future value: It refers to the sum of money that will be received by the investor in the future by…

Q: A sinking fund is established to discharge a debt of $80,000 in 5 years. If deposits are made at the…

A: The following formula will be used:

Q: At the end of each quarter, Patti deposits $1,800 into an account that pays 10% interest compounded…

A: Future Value of Annuity = Present Value x [{(1 + i)n - 1} / i]

Q: Suppose you are thinking of availing a loan of P100,000 at Pag-ibig Funds for house repairs after…

A: A loan refers to the borrowed amount taken by a person from the lender in case of a shortfall of…

Q: Another client at ZBX Fin Planning currently has $95,000 in their retirement account that is…

A: Current Amount in account is $95,000 Deposits per month is $950 Interest rate is 10.56% APR…

Q: annual deposit should BOBOT Company make for four years in order to accumulate the desired amount on…

A: Plan to accumulate = P5,000,000 by July 1,2023  To Make 4 equal annual deposits at interest 10%…

Q: On January 1, you deposited $6,000 in an investment account. The account will earn 10 percentannual…

A: 1. . 1 Future value  =Present value * (1+Interest rate)No. of years…

Q: Olfert Inc. is repaying a loan of $57500 by making payments of $4250 at the end of every six months…

A: Loan repayments in equal instalments at equal intervals of time is called an annuity. Initial…

Q: What amount must be deposited today, if, starting one year from today, you wish to make 15 equal…

A: Given, annual withdrawals $3,450. Number of payments 15. Interest rate is 0%.

Q: An amount of 100,000 was borrowed and was to be repaid in 10 instalments at the end of every quarter…

A: Given: P= $100,000 r= 12% compounded semi annually = 12%/2 = 6% = 0.06 Number of years= 2.5 years…

Q: What deposit made at the beginning of each month will accumulate to $120,000 at 8% compounded…

A: An annuity is the fixed payment that an investor receives from an investment or fixed deposits made…

Q: i. 100 is deposited into an account at the beginning of every 4-year period for 40 years.The account…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: A loan of $92,800.00 is repaid by equal payments made at the end of every three months for 3 years.…

A: Installment is the amount paid to the loan giver in order to repay the loan in a set period of time.…

Q: An investment producing cash flows in the amount of $1,200 per month is undertaken for a period of…

A: The equal rate with annual compounding will be the interest rate with 1 compounding period in a year…

Q: HY Industries Ltd. plans to replace a warehouse in eleven years at an anticipated cost of ​$55,000.…

A: The periodic payments accumulate interest which is added to the original deposit. The result is that…

Q: A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.…

A: Invested amount (P) = P 1,000 Period for first withdrawal (N1) = 8 Years After 8 years withdrawal…

Q: A company estimates that it must make annual investments of $ 53828 over a 23-year period after 4…

A: Step 1 The worth of a series of periodic payments at a future date, assuming a specific rate of…

Q: What deposit made at the beginning of each month will accumulate to $120,000 at 8% compounded…

A: An annuity is a financial term that shows a sequence of periodic cash flows with a fixed amount over…