Calculate the amount in the fund at the end of 3 years.

Q: 4. Kelly deposited $10,500 into a fund at the beginning of every quarter for 13 years. He then…

A: Compound Interest is method of computing interest where compounding is done. Compounding refers to…

Q: Samantha made regular, equal deposits into savings accounts at the end of every month for three…

A: Annuity is a no. of finite payments which are equal size and made in equal time periods. Person…

Q: Juan invested $10,500 into a fund earning 7.50% compounded monthly. She plans to withdraw $700 from…

A: Working note for calculations. Note for Converting Quarter into years:- Number of year to deplete =…

Q: What will be the interest rate per interest period if convert to compounding monthly?     1.9967%…

A: Effective annual rate (EAR) refers to the rate of interest which is an outcomes of compounding…

Q: Edward made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years,…

A: Effective annual rate = (1 + Monthly interest rate)^12 - 1 = (1 + 3.75%/12)^12 - 1 =0.03815129256…

Q: Sue has contributed $2,843.00 every three months for the last 11 years into an RRSP fund. The…

A: Future value of the money include the amount being deposited and amount of compounding interest…

Q: Maria deposits $2,000 in a savings account that pays interest at an annual compound rate of 3%. Two…

A: The amount which is earned by depositor on the deposits is known as interest. This interest can be…

Q: Ms. Jones deposited $400 at the end of each month for 20 years into a savings account earning 6%…

A: Solution: The total amount in the saving account after twentieth year is the sum of future value of…

Q: What is the amount of the payments that Tom Brokaw must make at the end of each of 8 years to…

A: Amount required = $70,000 Interest Rate(r) = 8% Years(n) = 8 Let Annual Payments = P

Q: carlos Contributed equal deposit at the end of every month for four years into an investment fund he…

A: Monthly Compounding Interest Rate = 4.81%/12 per month Total Time Period = 7 years Time period of…

Q: Vincent invested his savings into a Registered Retirement Savings Plan (RRSP) at an interest rate of…

A: Interest Rate(Compounded semi-annually) 3.50% Future Value After 1 Year  $…

Q: For 22 years, Janet saved $250 at the beginning of every month in a fund that earned 4.25%…

A: The future value of the annuity due is the future worth of a cash flow series received or paid at…

Q: Richard contributed $1,100 at the end of every 3 months, for 3 years, into a Registered Retirement…

A: Given information: Annuity payment is $1,100 Interest rate is 2.50% compounded quarterly Number of…

Q: Thomas's retirement fund has an accumulated amount of $55,000. If it has been earning interest at…

A: Accumulated Value in retirement Account "FV" is $55,000 Interest rate is 2.44% Compounded monthly…

Q: For 18 years, Janet saved $250 at the beginning of every month in a fund that earned 3.5% compounded…

A: Monthly saving (S) = $250 Interest rate = 3.5% Monthly interest rate (r) = [1+0.035]1/12-1…

Q: Peter set up a fund that would pay his family $4,000 at the beginning of every month, in perpetuity.…

A: Payment per month is $4,000 in perperutity Interest rate is 5.50% compounded semi annually To find:…

Q: For 14 years, Janet saved $1,050 at the beginning of every month in a fund that earned 4.25%…

A: When the periodic payments are made at the beginning of each period, such payments are known as the…

Q: Sue has contributed $2,843.00 every three months for the last 11 years into an RRSP fund. The…

A:

Q: Sarah deposited $26,500 into a fund at the beginning of every quarter for 16 years. He then stopped…

A: Compound interest= p*(1+r%/n)^tn A.)  Around $358903 stacked up at the end of 16th year.

Q: Juliana has contributed $2,787.00 every six months for the last 14 years into an RRSP fund. The…

A: Future worth is the amount that an investor expects from the cash flows in each period. Future worth…

Q: A friend tells you she has saved for 7 years and has a present sum of $10,000, which earned at the…

A: a) Computation:

Q: If ₱17,000 is deposited at the end of each year for 16 years in a bank that give 7% interest per…

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

Q: Kayla contributed equal deposits at the end of every month for 4 years into an investment fund. She…

A: As per the given information: Interest rate - 3.92% compounded monthly Total time period - 8 years…

Q: Morgan opened an RRSP account and deposited $2,800.00 into it. She then deposited $900.00 at the end…

A: Deposit at year-0 = $ 2800 Deposit at year-1 = $ 900 Deposit at year-2 = $ 575 Interest rate = 2.20%…

Q: Jenna made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years,…

A: Quarterly deposit = P Future value  (FV) = $55,000 Interest rate = 3.50% Quarterly interest rate (r)…

Q: Caleb invested $12,500 in a fund earning 7% compounded quarterly. She withdraws $650 from the fund…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: 1. Amy made semiannual deposits of $3,100 at the beginning of every every six months into a fund…

A: Semi Annual Deposit = 3100 Beginning of period deposits Interest Rate = 6.8%/2 = 3.4% per semi…

Q: Shawn made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years,…

A: Compounding of interest means, interest is received on principal as well as the earned interest…

Q: Holly invested $11,000 in a fund earning 6% compounded quarterly. She withdraws $900 from the fund…

A: Annuity means finite no. of payments which are same in size and deposited or withdrawn in equal…

Q: Beverly Hills started a paper route on January 1. Every three months, she deposits $800 in her bank…

A: The question is based on the concept of future value calculation . The first part  use concept of…

Q: Shane invested $11,000 in a fund earning 5.5% compounded monthly. He will withdraw $800 from the…

A: Given, Shane invested $11000 in a fund earning 5.5% compounded monthly at the end of first 4 years…

Q: Tara wishes to accumulate $27,000 in 3 years. Use the appropriate formula to find the sinking fund…

A: Given information: Future value is $27,000 Number of years is 3 Interest rate is 8% compounded…

Q: Joe Franklin deposits $22,000 in a savingsaccount that pays 6% interest compounded monthly.Three…

A: The future amount is determined by using future amount formula and that formula use the present…

Q: Meghan made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years,…

A: Periodic payments can be made monthly, quarterly, semi-annually or annually. Periodic payments are…

Q: Kyle borrowed P100,000 to be paid in 10 years, and established a sinking fund to provide for the…

A: The time value of money plays an important role in the determination of the present worth and future…

Q: Dylan contributed $700 at the end of every 3 months, for 4 years, into a Registered Retirement…

A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…

Q: Brittany contributed $3,750 at the end of every 3 months, for 5 years, into a Register. Retirement…

A: Solution: An amount deposited at end of every period is known as ordinary annuity. The formula for…

Q: Matthew invested the profit of his business in an investment fund that was earning 3.75% compounded…

A: Data given: APR( monthly) = 3.75% Semi-annual withdrawal = $ 2500 No.of years to first withdrawal =…

Q: Erin contributed $3,750 at the end of every 3 months into an RRSP fund earning 3.37% compounded…

A: Following details are given in the question : Quarterly deposit (periodic payment) = $3750 Interest…

Q: ma'am minda started to deposit P2,000 quarterly in a func that pays 5.5% compounded quarterly. How…

A: Quarterly Deposit = 2000 Interest rate = 5.5℅/4 = 1.375℅ per quarter N = 24 quarters

Q: nnifer started to deposit ₱1,000 monthly in a fund that pays 6% compounded quarterly. How much will…

A: In this we need to calculate the future value of annuity.

Q: Julia just retired with $340,000 in her retirement account. Assuming that she can earn 4.8%…

A: Information Provided: Present value = $(340,000) Future value = $0 Payment = $4000 Rate = 0.4%…

Q: Samantha invested $575 at the end of every month in an investment fund that was earning interest at…

A: Given data; payment amount = $575 rate of interest for 9 years = 4.2% compounding frequency =…

Q: Vanessa deposited $16,000 into a fund at the beginning of every quarter for 11 yea She then stopped…

A: Future value of annuity include the amount being deposited and amount of compounding interest being…

Q: is deposited each year into a bank account that pays 8% interest compounded quarterly how much would…

A: The future value of annuity includes the amount being deposited each year and the amount of interest…

Q: Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly. How…

A: Note: We are providing the solution of question no.1 as specified in the first line of the question.…

Q: Diana invested $1,025 at the end of every month into an investment fund that was earning interest at…

A: Future value of ordinary annuity computes the total amount of periodic payments at a certain time…

Q: Sue has contributed $2,843.00 every three months for the last 11 years into an RRSP fund. The…

A: We need to break this question into 3 parts. In the first part we need to calculate the FV of the…