Gagandeep has $9,540 in her Moosa investment account. Find the simple interest rate required for the fund to grow to $19,500 in 18 months
Q: On January 1, 1988, Antonio invests $9,300 in an investment fund. On January 1, 1989 his balance is…
A: The time weighted return for an investment period needs to be shown as a function of the balance.
Q: Suppose that a woman deposits $10,000 into an investment fund that guarantees to pay 0.5% interest…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Bylo Selhi wants to know how many years it will take for his mutual fundinvestment of $50,000 to…
A: INTEREST RATE 12% PMT 0 PRESENT VALUE 50000 FUTURE VALUE 500000
Q: Tara wishes to accumulate $25,000 in 3 years. Use the appropriate formula to find the sinking fund…
A: Future Value = $25,000 Number of Years = 3 Years Interest Rate = 8% compounded semi-annually
Q: Suppose someone wants to accumulate $40,000 for a college fund over the next 15 years. Determine…
A: Given, The required amount is $40000. Term is 15 years
Q: An engineer received a bonus of $12,000 that he will invest now. He wants to calculate the…
A: Compute the down payment.
Q: Suppose Mrs. Aquino would like to save Php 400 at the end of each month, for six months in a fund…
A: In the given question Php 400 will be deposited at the end of each month for 6 months. The amount…
Q: A fund is to created by investing 900 at the end of every month for 9 years. IF money is worth 9%…
A: Monthly investment (C) = 900 Annual interest rate = 9% Monthly interest rate (R) = 9%/12 = 0.75%…
Q: Mr. Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to buy…
A: Compounding of interest means, interest is received on principal as well as the earned interest…
Q: Our clients saved $2,500,000 for retirement. They wish to withdraw $20,000 from the fund each month…
A: An annuity is a contract where periodic payments are made in the future in return for a lump-sum…
Q: .The Janus Enterprise fund has as of April 2013 a 10-year average return of 12.54%. If Bobby Sue…
A: Future Value of Annuity = Annuity * [ ( 1 + Periodic rate)number of periods - 1 ] / Periodic rate
Q: Mr. Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to buy…
A: When an investor makes regular periodic deposits in an investment, this is known as an annuity. The…
Q: Our clients saved $2,500,000 for retirement. They wish to withdraw $20,000 from the fund each month…
A: Present Value of Ordinary Annuity refers to the concept which gives out the discounted or today's…
Q: Cris Li decided to go into the business at the age of 23, he deposits a certain amount and will…
A: Depositing a fixed amount of money in equal intervals of time for a certain period is called…
Q: Today, you invest P100,000 into a fund that pays 25% interest compounded annually. Three years…
A: Amount = Principal (1+(rate/100))^n Initially, we deposit P 100,000 in a fund with a 25% annual…
Q: A small business owner deposits $5000 monthly deposits in an equity fund as his financial analysis…
A: future value of annuity formula: Future value =A×1+rmm×n-1rmwhere,A=annuityr=rate of…
Q: Carlo is adapting the cost averaging in investment. She decided to invest in a mutual fund for 6…
A: We need to compute the price of mutual fund unit every month, basis that we can calculate no. of…
Q: Tiffany has accumulated $60,000 in a mutual fund. If she continues to deposit $300 at the beginning…
A: Future value of a fund is the accumulated amount in the fund over a period of time with deposits and…
Q: Yarianny wants to withdraw $25,000 annually starting today for the next 20 years and will increase…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Hugh invests 1000 in a fund on January 1. On May 1, the fund is worth 1,100 and 600 is withdrawn. On…
A: Simple interest is the interest paid or computed only on the principal amount of money. The amount…
Q: Newman Quincy wants to withdraw $32,700 each year for 14 years from a fund that earns 10% interest.…
A: 1. How much must he invest today if the first withdrawal is at year-end? Year Cash flows pvf @…
Q: Mr. Bienvenido Bautista needs a fund of Php1,000,000 to renovate his house. To provide for this, he…
A: It can be calculated using =NPER(rate,pmt,pv,[fv],[type]) Rate The interest rate for the loan. Nper…
Q: Chris Spear invested $15,000 today in a fund that earns 8% compounded annually. To what amount will…
A: Future value = Investment amount x FVF(8%, 3years) = $15,000*1.25971…
Q: How much must a man place in a fund at the end of each month in order to have P12,500 at the end of…
A: Future value (FV) = P 12,500 Period = 4 Years Number of monthly deposits (n) = 4*12 = 48 Annual…
Q: . $1,000 are deposited in the fund at the end of each of the first 10 years. This means that this is…
A: Time value of money (TVM) refers to the method used to measure the amount of money at different…
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: Bo Newman will invest $10,000 today in a fund that earns 5% annual interest. How many years will it…
A: Time value of money: Time value of money is a vital concept to the investors, as it suggests them…
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: Morgan Newman will invest $9,280 today in a fund that earns 12% annual interest. Click here to view…
A: Given: Present value = PV = $9,280 Rate = I/Y = 12% Future value = FV = $50,795
Q: Assume that Dorothy Williams desires to accumulate $926,000 in 15 years using her money market fund…
A: We will follow the below steps to calculate the Compund interest rate-1.) Base amount is = $254222-…
Q: On August 1st, 2013, Joseph invested $18,000 in a fund that was growing at 4% compounded quarterly.…
A: a. First, calculate the number of days from August 1, 2013, to March 22, 2014: Total number of…
Q: On January 1, 2005, a person’s savings account was worth $200,000. Every month thereafter, this…
A: Here, Worth of Saving Account on January 1, 2005 (PV) is $200,000 Cash Contribution Every month…
Q: A financial adviser is reviewing one of her client's accounts. The client has been investing $1,000…
A: Monthly investment = $1,000 Compounded = quarterly = 4 times in a year Interest rate = 7.3% Time…
Q: Current Attempt in Progress Maria Medavoy will invest $6,740 a year for 23 years in a fund that will…
A: Periodical Investments in Annuity can be broadly divided into two categories, Ordinary annuity and…
Q: Raj wanted to invest RM11,200 in an account for 11 months. Find the required interest rate for her…
A: Interest rate refers to the amount which the lender charges to borrower as well as it is the…
Q: Chris Freeman is investing $9,704 at the end of each year in a fund that earns 5% interest. In how…
A: The amount is invested at the end of each year so it is ordinary annity
Q: Today, you invest P100,000 into a fund that pays 25% interest compounded annually. Three years…
A: Compound interest formula : Final amount = Principal (1+interest rate/number of compounding…
Q: Isabella purchased $20,000 worth of 26-week T-Bills for $19,700. What will be the rate of return on…
A: Initial investment (P) =$19,700 Maturity value(S)=$20,000 since maturity period is 26 week= 26*7=182…
Q: Zakaria plans to invest $15780. Find the interest rate required for the fund to grow to $17138.50 in…
A: Principal= 15,780 Interest rate =? Period = 14 months Future amount= 17138.50 Interest amount=…
Q: 4) Ashley deposits $500 into an investment fund each January 1 starting in 2005 and continuing to…
A: Annual deposit from Jan 1 2005 = $ 500 Period from Jan1 2005 to Jan 2019 = 14 Years Number of annual…
Q: Year Deposit ($) 4,000 3,500 2,500 2,000 1,700 $13,700 12345
A: Growth each year = 11% Future Value factor for growth = (1+11%)^years of investment for 1st deposit…
Q: You just placed $3000 in a fund expected to earn 12% APR compounded monthly. At that rate, how many…
A: Amount placed now(PV) is $3000 Interest rate Compounded monthly is 12% Monthly interest rate is…
Q: You are on employee that earn Php. 20,000 per month. Assuming that you want to invest half of the…
A: Monthly earning = Php. 20,000 Monthly investment (P) = 20,000/2 = Php. 10,000 Interest rate = 6%…
Q: Kenny decided to make a P1,000 monthly deposit in a fund that pays 6% compounded quarterly. How much…
A: Monthly deposit (P) = P1000 Interest rate = 6% Monthly interest rate (r) = [{1+(0.06/4)}4]1/12-1…
Q: A financial adviser is reviewing one of her client's accounts. The client has been investing $1,000…
A: The client is investing $1,000 every quarter for the past two years. Thus, the cash flow diagram…
Q: . How much must a man place in a fund at the end of each month in order to have P12,500 at the end…
A: Future value (FV) = P 12500 Period = 4 Years Number of monthly payments (n) = 4*12 = 48 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: Shane contributed $2,250 at the end of every 3 months into an RRSP fund earning 2.41% compounded…
A: Here, Amount deposit after each interval = $2,250 Interest rate = 2.41% Time period = 11 years To…
Gagandeep has $9,540 in her Moosa investment account. Find the simple interest rate required for the fund to grow to $19,500 in 18 months
Step by step
Solved in 2 steps
- Laurence contributed $4,135 at the end of every 6 months to an RRSP fund earning 7.11% compounded semi-annually for 12 years. a. What was the future value of the fund at the end of the term? Round to the nearest cent b. What was the amount of interest earned over this period? How much money should Zhang invest today in a fund that earns interest at 3.36% compounded quarterly, if she wants to receive $4,500 at the end of every 6 months for the next 4 years? Timothy planned to buy a house but could afford to pay only $13,500 at the end of every 6 months for a mortgage with an interest rate of 5.50% compounded semi-annually for 20 years. She paid $24,750 as a down payment. a. What was the maximum amount she could afford to pay for a house? Round to the nearest cent b. What was her total amount spent for the house through the mortgage period including the downpayment (not taking the time-value of money into account)? Round to the nearest cent c. What was the total amount of…At the start of the year, Piotr has an investment fund worth $30,000.00. 4 months later the fund is worth $30,750.00 and Piotr deposits another $3,000.00. 4 months after that, the fund is worth $34,425.00 and Piotr withdraws the $3,000.00 his deposited the time before. At the end of the year the fund is worth $31,425.00. a) What is the Dollar Weighted Return for Piotr's investment? b) What is the Time Weighted Return for the investment fund? c) What would the fund balance at the end of year have to be to make the Time Weighted Return for the year equal the Dollar Weighted Return for the year? d) In this case (TWR = DWR) what was the return on the investment fund in the last time period?Cindy Medavoy will invest $6,740 a year for 23 years in a fund that will earn 5% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 23 years? If the first payment occurs at year-end, what amount will be in the fund in 23 years? First payment today First payment at year-end
- Bank ZLX is marketing their new fund by noting that a fixed $320 monthly deposit in their fund should be expected to net $1,900,000 in 35 years. Assume the first deposit is made at the end of this month. What effective annual rate (EAR) is Bank ZLX expecting their new fund to return?Juliana invested $5000 in a fund at the beginning of every three months for five years. The fund was earning an interest rate of 5% compounded monthly. What was the future value of her investment? Fill in the calculator entries below, including the calculated answer in the appropriate location. BGN/END = N = I/Y = PV = PMT = FV = P/Y = C/Y =Assume that Dorothy Williams desires to accumulate $926,000 in 15 years using her money market fund balance of $254,222. At what interest rate must Dorothy’s investment compound annually?
- Bo Newman will invest $10,000 today in a fund that earns 5% annual interest. How many years will it take for the fund to grow to $17,100?Chris Freeman is investing $9,704 at the end of each year in a fund that earns 5% interest. In how many years will the fund be at $107,000?In order to accumulate $1,000,000 over 20 years, how much would you have to invest at the beginning of every three months into a fund earning 7.2% compounded quarterly? a $5,369.45 b $5,169.57 c $5,0128.36 d $5,262.62
- A financial adviser is reviewing one of her client's accounts. The client has been investing $1,000 at the end of every quarter for the past II years in a fund that has averaged 7.3% compounded quarterly. Using a cash flow diagram, how much money does the client have in his account?How much should Kate set aside and invest in a fund earning 2% compounded quarterly if she needs ₱75,000 in 15 months?Laura invested $90 at the end of every month into an RRSP for 13 years. If the RRSP was growing at 4.20% compounded quarterly, how much did she have in the RRSP at the end of the 13-year period? How much money should Kimberly invest today into a fund that earns interest at 5.25% compounded quarterly, if she wants to receive $4,750 at the end of every 6 months for the next 6 years? Richard deposits $650 at the end of every month for 2 years and 3 months in a retirement fund at 4.04% compounded semi-annually. a. What type of annuity is this? Ordinary simple annuity Ordinary general annuity Simple annuity due General annuity due b. How many payments are there in this annuity?