John freeman is investing $8,592 at the end of each year in a fund that earns 3% interest. in how many years will the fund be at $98,500?(round answer to 0 decimal places)

Q: 13.  happy Corp. established a fund where they pay $200 annually into the fund. The interest rate…

A: Year Year-1 Year-2 Year-3 Year-4 Year-5 Total Amount that $200 invested each year will become…

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: 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: At the conclusion of each year, each participant made a deposit of 1500.35 into a sinking fund. What…

A: This is used in the case of a future annuity – suppose an equal sum of money is invested in the bank…

Q: what is the future value of his investment cash flows at the end of three years? (Round to two…

A: Future value means the value of the assets at a specified time in future. It is very important for…

Q: Juan invested an amount of $16,000.00 in a mutual fund. After 3 years and 6 months the accumulated…

A: Invested Amount  $                          16,000.00 Future Value  $…

Q: a. What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: uan invested $21,000 in a mutual fund 6 yr ago. Today his investment is worth $36,002. Find the…

A: Effective Annual rate = [1 + { ( Ending Value - Investment ) / Investment } ]1/n - 1…

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: Henry Bogut just received a signing bonus of $1,086,900. His plan is to invest this payment in a…

A: Present value and future value is a concept of time value of money. It is considered as an important…

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

A:

Q: A consultant advises that a fund pays out $100,000 at the end of 5 years. Provided $12,000 is…

A: Annuity due are those payments that are made at the beginning of the year and ordinary annuities are…

Q: Stephen invested $11,000 into a fund earning 5.50% compounded quarterl o withdraw $800 from the fund…

A: Find out future value of current value after two years and than find out the period required.

Q: Austin invested $22,500 in a mutual fund at 4.6% compounded annually. After 4 years, the interest…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: 2. At the end of each year, an investor deposits some money into a fund earning 7% interest. The…

A: When the certain amount of money is deposited at the regular interval over a period of time at a…

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: Morgan Quincy wants to withdraw $36,300 each year for 14 years from a fund that earns 11% interest.…

A: Given: Annual payment = $36,300 Interest rate = 11% Years = 14 years.

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: What amount should you invest quarterly for 30 years in a fund that earns 8% compounded quarterly,…

A: Time period = 30 years  Interest rate = 8% Future Value = P5,000,000

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: 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: How much money should Jason invest today into a fund that earns interest at 4.50% compounded…

A: Present Value  =  [Payment / Interest rate] * [1 – (1/( 1 + interest rate )n)] Interest rate  =  APR…

Q: Newman Hitchcock is 37 years old today and he wishes to accumulate $536,000 by his 60 th birthday so…

A: We use PMT function to calculate annual deposit (in financial calculator or excel)

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: An annuity is the total of all periodic payments or investments made at a fixed rate over a certain…

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: How much money should Zachary invest today into a fund that earns interest at 5.75% compounded…

A: Using the Time value of money and effective interest rates formula in excel

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: Samuel David wants to make 5 equal annual withdrawals of $8,000 from a fund that will earn interest…

A:

Q: Kate Eden received a graduation present of $2,000 that she is planning on investing in a mutual fund…

A: Excel Spreadsheet:

Q: quarterly. Find the amount available in this fund after 10 years

A: Quarterly payment is $30,000. Maturity period is 10 years. Rate of interest is 6%. Compounding…

Q: Candice Alvarez is investing $397,300 in a fund that earns 15% interest compounded annually. Click…

A: Yearly withdrawals = Total amount invested / Present value factor Note: Present value factor means…

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: 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: Morgan Freeman is investing $9,069 at the end of each year in a fund that earns 5% interest. In how…

A:

Q: Henry Quincy wants to withdraw $30,000 each year for 10 years from a fund that earns 8% interest.…

A: How much must he invest today if the first withdrawal is at year-end? The present value of ordinary…

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: 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: mployee decided to invest in a trust fund which gives an interest rate of 2% compounded quarterly.…

A: The present worth of fund is the equivalent value of fund today considering time and interest rate…

Q: Andrew Bogut just received a signing bonus of $1,000,000. His plan is to invest this payment in a…

A: Here, To Find: Part A. Number of years =? Part B. Annual deposits =?

Q: A consultant advises that a fund pays out $100,000 at the end of 5 years. Provided $12,000 is…

A: $100000 is the future value of annuity due, with $12000 (A) as the annual deposit. n = 5 years Let r…

Q: Ben invested P5000 in a fund at the beginning of every month for five years. The fund earning an…

A: Monthly investment (P) = P 5000 Period = 5 Years Number of monthly payments (N) = 5*12 = 60 Annual…

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: Trey invested $27,700 in a mutual fund at 4.1% compounded quarterly. After 2 years, the interest…

A: The company uses the futures value method for the purpose of calculating the value that is going to…

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

A: Using excel PV function

Q: Mary Stahley invested $2500 in a 48-month certificate of deposit (CD) that earned 9.5% annual simple…

A: Calculating the total value of investment by annual simple interest on certificate of deposit. We…

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.