In an effort to save money for early retirement an environmental engineering collegue plans to deposit PHP. 1,200 per month starting this month rate account pays 8% per year how much will be the account at the end of 25 years?

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A: Using excel PV function

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

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

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A: Here, Monthly Contribution is $10,000 Time Period is 7 years Interest Rate is 4.5% Compounding…

Q: One university needs some maintenance. The owner of the university decides to deposit $400000 in an…

A: Present worth can be calculated as below Present worth = Cash flow / (1+r)^n It can also be…

Q: A business tycoon is planning to provide a scholarship to one deserving student that will provide a…

A: Given: Monthly allowance = P3,000 Interest rate = 12%

Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…

A: Calculation of amount at the end of 25 years is shown below: Hence, Amount to be received at the…

Q: We are considering the effects of starting early or late to save for retirement. Assume that each…

A: Future Value  $            9,50,000.00 Interest Rate 6% Time for Graduation 33 Time to…

Q: A person is planning to open a retirement account. He plans is to deposit $1,000 per month for next…

A: Periodic Deposit = $1,000 Time Period = 45 Years

Q: Most people prepare for retirement by depositing money into a monthly or annual savings plan. An…

A: An annuity is a stream of equivalent periodic cash flows over a specific time duration. The future…

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…

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A: Loan amortization is the process of reimbursement of loan periodically by the borrower of the loan…

Q: A local Dunkin’ Donuts franchise must buy a new piece of equipment in 4 years that will cost…

A: Future value required (FV) = $81000 Interest rate = 16% Quarterly interest rate (r) = 16%/4 = 4%…

Q: Rudy Anne wants to buy new farm equipment costing P350,000 making a down payment of P50,000. The…

A: In the context of the given question, we are required to compute the monthly amount of payments.…

Q: An engineer who is saving for her retirement plans to deposit $500 every semiannually, starting…

A: Semi Annual Deposit = 500 End of period deposits Nominal Rate = 12℅ Quarterly Compounding N = 25…

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: A man is planning to retire in 20 years. He can deposit money for his retirement at 8% compounded…

A:

Q: Many persons prepare for retirement by making monthly contributions to a savings program. Suppose…

A: Given: Amount = $2,400 Interest rate = 8% Years = 28

Q: A local retail franchise must buy a new piece of equipment in 6 years that will cost $89,000. The…

A: Payment per period can be calculated using PMT function in excel.   PMT(rate, nper, pv, [fv],…

Q: Rendon Labrador, a focus-oriented person, is creating a bank retirement account. By the time he…

A: Given, interest rate is 8% p.a. compounded quarterly. Equivalent semi annual rate= (1+8%/4)^2-1=…

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

Q: Suppose a recent college graduate's first job allows her to deposit $250 at the end of each month in…

A: The monthly deposit is $250. Interest per months is (9% ÷ 12) = 0.75%. The formula to calculate…

Q: Solve and show your complete solutions. I already provided the ANSWER I just need the SOLUTION. How…

A: Future value of Annuity= 120,000 Interest rate=  8% compounded semiannually (1.04^(2/12)-1= 7.87%=…

Q: The average age of engineering students at graduation is a little over 23 years. This means that the…

A: A concept through which it is studied that the current worth of money is higher than its future…

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A: Deposit amount now (D) = $8000 Interest rate (r) = 7.5% Withdrawal after 5 years (W) = $2000 Period…

Q: A man will deposit Php 200 with a savings and loan association at the beginning of each 3 months for…

A: Present value of deposit amount= Php 200 Time period (n)= 3 months for 9 years Interest rate= 5.5%…

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A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: How long will it take an RESP to grow to $200,000, if the plan owner contributes $250 at the end of…

A:

Q: ) Suppose a recent college graduate's first job allows her to deposit $200 at the end of each month…

A: Future Value:-It is the value which the company's estimate for a project's future income so that it…

Q: Suppose that you earned a bachelor's degree and now you're teaching high school. The school district…

A: a) The formula to calculate accumulated value of an annuity is given below: Here, i is interest…

Q: In an effort to save money for early retirement, an environmental engineer plans to deposit $1200…

A: Given information: Monthly deposit of $1,200 for every 6 months Interest rate of 8% per year Number…

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A: The present value is the value of the sum received at time 0. It is the current value of the sum…

Q: Two years ago, the Fun Center deposited $3,200 in an investment account for the purpose of buying…

A: given,r = 6.85% A-2= $3200 A0= $5000 A1= $3500

Q: Suppose a recent college graduate's first job allows her to deposit $150 at the end of each month in…

A: Deposit each month (p)= 150 Number of Deposit (n)= 10*12= 120 Interest rate per month (i)= 9%/12=…

Q: You have finished your time at Kelley and need to start thinking about retirement. You plan on…

A: Given: amount required after retirement at every six months = $75,000 Period of service = 30 years…

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Q: Mechanical Engineer John Cena is planning for retirement decides that he wishes to have income of…

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Q: A state lotto has a prize that pays $1,700 each week for 25 years. Find the total value of the…

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Q: small business owner contributes $2,000 at the end of each quarter to a retirement account that…

A: Information Provided: Amount to be contributed = $2000 Interest = 10% compounded quarterly

Q: A real estate development company is planning to build five homes, each costing $155,000, in 2…

A: N = Time Period = 5 semi annual periods Future Value Required = Cost of each home * Number of homes…

Q: French Fried Food Inc. wishes to accumulate P500,000 during the next 24 months to open a second…

A: The amount which are paid constantly without any change in amount or frequency is called Annuity and…

Q: A man will deposit Php 200 with a savings and loan association at the beginning of each 3 months for…

A: Saving account is a financial facility offered to individuals who want to save their money. It…