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A: a.
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Q: Determine the principal P that must be invested at rate r = 2%, compounded monthly, so that $500,000…
A: using the PV function in excel
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- Value of an Annuity Using the appropriate tables, solve each of the following. Required: 1. Beginning December 31, 2020, 5 equal withdrawals are to be made. Determine the equal annual withdrawals if 30,000 is invested at 10% interest compounded annually on December 31, 2019. 2. Ten payments of 3,000 are due at annual intervals beginning June 30, 2020. What amount will be accepted in cancellation of this series of payments on June 30, 2019, assuming a discount rate of 14% compounded annually? 3. Ten payments of 2,000 are due at annual intervals beginning December 31, 2019. What amount will be accepted in cancellation of this series of payments on January 1, 2019, assuming a discount rate of 12% compounded annually?What is the future worth of the following seriesof payments?(a) $75,000 at the end of each six-month period forten years at 10.2% compounded semi-annually.(b) $25,000 at the end of each quarter for twelveyears at 9.2% compounded quarterly.(c) $22,000 at the end of each month for eight yearsat 8.4% compounded monthlyWhat annuity is required over 13 years to equate with a future amount og 30,000? Asssume i= 7% annually
- Compute the nominal rate of intrrest at which $980 deposited at the end of eaach month quaretly for 11 years and 9 months will amount to $34000.00Determine the principal P that must be invested at rate r = 2%, compounded monthly, so that $500,000 will be available for retirement in t = 10 years. (Round your answer to the nearest cent.)P = $The principal P is invested at the interest rate of r/year for t years. (Use a 365-day year.) P = $110,000, r = 4%, t = 7 1 4 , compounded monthly.Determine i, the compound interest rate.
- At a certain interest rate compounded semiannually, ₱5,000 will amount to ₱20,000 after 10 years. What is the amount at the end of 15 years? Ans: ₱40,029.72Find the accumulated amount A if the principal P is invested at the interest rate of r/year for t years. (Use a 365-day year. Round your answer to the nearest cent.) P = $43,000, r = 9 3/4 % t = 9, compounded quarterly A = $What is the discounted value of $1433.00paid at the end of every six monthsfor 6 years if interest is 9% per annum compounded quarterly?
- What is the principle invested at %4.75 compounded semi annually from which monthly withdrawals of $420 can be made a. At the end of each month for 25 years b. At the beginning of each month for 15 years c. At the beginning of each month for 15 years but deferred for 12 years d. At end of each month in perpetuity e. At beginning of each month in perpetuityUsing annual, semiannual, and quarterly compunding periods, (1) calculate the future value i f $10,000 is deposited intially at 8% annual interest for 8 years , and (2) determine the effective annual rate (EAR)Dind the future value of $12,308 deposited at 10% compunded quarterly for 3 years. Round your answer to the nearest dollar
