Find the periodic payments PMT necessary to accomulate the given account in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $20,000 in a fund paying 2% per year, with quarterly payments for 20 years. PMT = $

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: Formula for calculating the annuity payment required: Annuity = Future Value / future value annuity…

Q: A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is…

A: The amount of fund after final deposit can be calculated with the help of future value of annuity…

Q: Acme Annuities recently offered an annuity that pays 4.5% compounded monthly. What equal monthly…

A: Annuities are financial products that are sold by the financial institutions (like insurance…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: an electrical engineer desires to set up fund by making uniform monthly end of period deposits for a…

A: first calculate the value at the end of the decade FV = 0, N = 3, PMT = 250,000, rate = (1+6%/12)12…

Q: Assume that you want to have $ 4100 saved in a sinking fund in 1 year. The account pays 3%…

A: Future value (FV) = $ 4100 Annual interest rate = 3% Monthly interest rate (r) = 3%/12 = 0.25%…

Q: Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year,…

A:

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: The PMT function or concept can be used to determine the periodic payments required to accumulate a…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…

Q: What monthly payment into a sinking fund at 8% compounded semi –annually will be needed to raise…

A: Sinking Fund is a fund that is kept aside or borrowed to pay off a debt or a loan. It helps the…

Q: Find the interest rate needed to accumulate $45,000 in a sinking fund in 10 years, with annual…

A: A fund that is created to repay a debt or replacement of an asset by putting an equal sum of amount…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: The PMT is the equal pay that has to paid or received monthly or yearly.

Q: $11,000 is to be paid at the end of each year in a legal settlement. The payments end after 9 years.…

A:

Q: Construct the Annuity Savings Model that satisfies: (a) The initial balance is $800, and each month…

A: Annuity Savings Model Balance at end of month = [Balance at beginning of month T-1 * (1+Interest%) +…

Q: Find the amount necessary to fund the given withdrawals. Yearly withdrawals of $1250 for 14 years;…

A: The present value is needed for a withdrawals made at a certain period. It will be taken in order to…

Q: Directions: Solve the following problems completely. Find the period of deferral in each of the…

A: “Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: uch money should be deposited annually in a bank account for five years if you wish to withdraw…

A: Present value is the sum of the current value of money of future cash flows. It is also known as a…

Q: Calculate the present value of an annuity stream of five annual cash flows of RM1,200, with the…

A: In the given question we need to compute the present value of annuity from following details :…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: A sinking fund can be referred to as a type of fund specially created to pay off the debts.…

Q: Use the formula for the value of an annuity to solve:To offer scholarship funds to children of…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given

A: Present Value of Annuity: It represents the present worth of the future annuity periodic payments…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT…

A: According to the information give. Future value of the annuity account = $20,000 Number of payments…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT…

A: Future value (FV) = $ 70000 Period = 10 Years Number of monthly payments (n) = 10*12 = 120 Interest…

Q: An investor needs $17,000 in 13 years. (a) What amount should be deposited in a fund at the end of…

A: Amount needed " FV" is $17,000 Time period is 13 years Interest rate is 7% Compounded Quarterly To…

Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…

A: In an ordinary annuity, the amount deposited every period at the end of regular intervals grows at…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: Future value: It tells the expected money in future period. By considering interest rates.

Q: the periodic paymer necessary tő accumu the given amount in an annuity account. (Assume…

A: We use PMT function in excel to calculate monthly payments

Q: Acme Annuities recently offered an annuity that pays 5.4% compounded monthly. What equal monthly…

A: The monthly payment required to reach the target can be calculated with the help of future value of…

Q: Determine the annual payment required to fund a future annual annuity of $12,000 per year. You will…

A: Present value =cash flow×1-(1+r)-nr r = rate n = number of periods

Q: Your RRSP savings of $52,500 are converted to a RRIF at 4.22% compounded monthly that pays $5,372 at…

A: EXCEL FORMULA:

Q: Semiannual deposits, beginning with $500 and increasing by $100 with each subsequent deposit, are…

A: a) Computation:

Q: You manage an investment fund that sells annuities. You sell a 6-year ordinary level annuity that…

A: Monthly payment = $2115 Interest rate = 3.46% APR compounded monthly So, monthly interest rate =…

Q: Use the sinking fund formula shown to the right to determine the semiannual payments with 8%…

A: Sinking fund can be defined as the saving fund, in which, the business organizations tend to…

Q: Bi-monthly deposits of 16,000 are made to accumulate a fund at the end of 8 years. Round off final…

A: Here, Bi- Monthly Deposit is $16,000 Time Period of Deposit is 8 years Note: Here, it is not clearly…

Q: Computing the Future Value of an Annuity Stone will deposit $8,250 at the beginning of each year…

A: The payments are made at the beginning of periods, therefore we will use future value of annuity due…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT…

A: Deposits means the amount which is deposited by the depositor in the account. These deposits can be…

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given

A: Present value (PV) is the value of future’s money at today’s date. PV of annuity refers to the…

Q: Determine the monthly payment necessary to accumulate $30,000 in a fund paying 6% per year,…

A: The future value is computed by multiplying the present money by the future value annuity factor. In…

Q: A fund is built with annual payments increasing by $1 from $1 to $10 and then decreasing by $1 to…

A: The answer to this question is a Palindromic annuity The formula to be used for solving this is,

Q: Ahmad is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded…

A: We need to calculate future value of an ordinary annuity. here annuity is a monthly deposit of…

Q: Assume that you want to have $ 4450 saved in a sinking fund in 1 year. The account pays 2%…

A: Future value of annuity = P * [ (1+r)^n  - 1 ] /r  Where, P = Periodic payment  r =rate per period…

Q: You build a retirement fund by continuously paying into the fund for 30 years, at a rate of 5,000…

A: An annuity is a series of cash flows that contain a fixed amount of payments occurring at equal time…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: Information Provided: Future value = $80,000 Interest = 3% Term = 20 years Payments = Quarterly

Q: Regular Payment Length of Payment Interval Compounding Period Nominal Term of an Rate Annuity FA 1…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: in order to have a fund of 1,000,000 at the end of 12 years, equal deposits every six months must be…

A: Future value of sequence of periodic payments consists of payments made and interest accumulated…