Mohammed estimate that he will need RO 10,000 in 5 years to fund his university education. How much should he invest in a trust fund that pays an interest rate of 5% pa compounded quarterly?

Q: Your parents invest $10,000 in a college fund when you are born. They find a fund that will return…

A: Initial investment (P) = $10000 Interest rate (r) = 8% Fund duration (n) = 18 years Let the tuition…

Q: eremiah Wood wants to set up a fund to pay for his daughter's education. In order to pay her…

A: Amount needed in 4 years (CF1) = $25,000 Amount needed in 5 years (CF2) = $26900 Amount needed in 6…

Q: need

A: AS the deposits are made at the end of the year. This is an ordinary annuity problem. Formula to…

Q: Paolo is considering purchasing a Sunlife Capital investment. Paolo will receive P1,000 every three…

A: Maximum amount Paolo is willing to pay is present value of all future cash flows discounted at…

Q: Tom and Sandy have set up a sinking fund in order to have $18,000.00 in 4 years for their child's…

A: Money to accumulate in Sinking Fund= $18,000.00 Time period= 4 years Interest rate= 6.84% compounded…

Q: Barry plans to invest $350 a month for the next 30 years, how much money will he have in his account…

A: Given data, monthly payment = $350 number of years = 30 years annual rate = 12%   To calculate the…

Q: Angela has a trust fund that will mature in three years with a value of $15,000.  If this trust fund…

A: solution Given Future value $15,000 Period  (n) 3 years Interest rate (r) 5%…

Q: Finance Q)Mohammed estimate that he will need RO 10,000 in 5 years to fund his university…

A: Given Information: Final Amount (A) = RO 10,000 Time Period(t)  = 5 years rate of Interest (r) = 5%…

Q: . How much should you deposit monthly to accumulate $85,000 in 15 years?

A: Future Value of Annuity: It represents the future worth of current annuity payments made…

Q: 4. Holly wants to have $200,000 to send a recently born child to college. She sets up a 529 plan and…

A: In this question,  we need to find the constant amount that Holly has to invest at the end of each…

Q: I am setting up a fund for my son to go to college. I figure that he will need $50,000 by the time…

A: An annuity is the sum of equal payments made for a certain period, at a particular rate of return.…

Q: John needs to invest to help with his child's college fund. How much would he have to invest to have…

A: Given: Amount = $67,300 Years =13 Interest rate = 2.17%

Q: Cooper wants to save for college. Assuming he puts $5,000 into an account at the end of each year…

A: Money invested anywhere changes in value with the change in time. This is simply understood as the…

Q: Ashley projects that she can get $100,000 cash per year for 5 years on a real estate investment…

A: Present Value:-PV is the value that companies calculate for the proposed project and estimate their…

Q: In order to pay for college, the parents of a child invest $10,000 in a bond that pays 6%…

A: Investment (P) = $ 10,000 Interest rate= 6% Semi annual interest rate (r) = 6%/2 = 3% Period = 20…

Q: 1. Mohammed estimate that he will need RO 10,000 in 5 years to fund his university education. How…

A: The present value of the cash flow is the current worth of a cash flow at a certain rate of interest…

Q: Your sister will start college in five years. She has just informed your parents that she wants to…

A: Here, To Find: Amount of savings to invest each year for next five years =?

Q: Ronald has an investment opportunity that promises to pay him $55,000 in three years. He could earn…

A: Present value = Future value * Present value of $1 table factor

Q: Jasica Parker would like to have ​$48,000 to buy a new car in 7 years. To accumulate $48,000 in 7…

A: The monthly invested payment can be calculated using PMT function in excel PMT(rate, nper, pv, [fv],…

Q: Sam Long anticipates he will need approximately $225,000 in 15 years to cover his daughter's college…

A:

Q: In order to fund his son’s higher education, Abdullah decided to invest $1000 quarterly for 6 years…

A: Future value is the worth of the current amount in future specified date at given interest rate. The…

Q: o prepare for his son's college education, a man plans to make monthly deposits of Php2000 for…

A: Monthly deposit (P) = Php. 2000 Number of monthly deposits (n) = 60 Interest rate = 12% Monthly…

Q: Bart is a college student who has never invested his funds. He has saved $1,250 and has decided to…

A: Money invested = $1,250 Annual rate of return = 4.19% Cost of fee = $24

Q: Mohammed estimate that he will need RO 10,000 in 5 years to fund his university education. How much…

A: Present value is defined as the current value of the investment or the sum of amount of cash flows…

Q: to pay his son’s university tuition fees for 4 years starting 18 years from now. The current annual…

A: There is need of planning for the future cost of education because compounding increase value of…

Q: Mr. J. J. Parker is creating a college fund for his daughter. He plans to make 15 yearly payments of…

A: GIVEN, YEARLY PAYMENT = $1500 N = 15 YEARS R = 12% LET FOUR YEARLY WITHDRAWAL = A  withdrawal from…

Q: receiving 25,000.00 pesos from his grandfather yearly and has decided to invest it next year to a…

A: The present value is value without interest and future value is value with interest. Can be found…

Q: Will and Jane Sparks are establishing a college fund for their 1-year-old daughter, Jennifer. They…

A: Introduction Sinking Fund A sinking fund is an account earning compound interest into which you make…

Q: A man who won 730,000 pesos in a lottery decided to place 50% of his winnings in a trust fund for…

A: A man won a lottery of worth = 730,000 pesos He invested 50% in trust funds for his son education =…

Q: I am setting up a fund for my son to go to college. I figure that he will need Php50,000 by the time…

A: Future value (FV) = Php. 50,000 Annual interest rate = 5.75% Monthly interest rate (r) = 5.75%/12 =…

Q: 2. If Wendy wants to invest her Php25,000, how many years will it take for her savings to accumulate…

A: Simple interest is a fixed proportion of the principal amount borrowed or lent that is paid or…

Q: Phil Nelson anticipates he will need approximately $227,000 in 11 years to cover his daughter’s…

A: The money that is required to be invested today by PN is the present value of the amount of $227,000…

Q: Becky would like to be a millionaire in 40 years. How much would she need to invest quarterly in a…

A: Given:

Q: Richard wants to ensure that at least some of his descendants are well educated in perpetuity. He is…

A: The present value of a lump sum: The present value of a lump sum (single) investment made at a…

Q: Justin is twenty years old and has saved 50,000. He can invest it in a real estate venture that will…

A:

Q: A man invested P50,000 now for the college education of his 2-year old son. If the fund earns 14%…

A: Future value can be calculated using FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate Nper…

Q: Mr. Blochirt is creating a college investment fund for his daughter. He will put in $850 per year…

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

Q: Clarissa wants to fund a growing perpetuity that will pay $10,000 per year to a local museum,…

A: Present value of the growing perpetuity is the amount she needs to fund today This can be calculated…

Q: Jeremiah Wood wants to set up a fund to pay for his daughter's education. In order to pay her…

A: We will find present value of the future requirement of funds to know what amount we must invest to…

Q: what is the amount of the annual scholarship?

A: Compound interest is calculated on a total of previously earned interest and the original…

Q: A man invests P10,000 now for the college education of his 2-year old son. If the fund earns 14%…

A: We can define effective interest rate as that rate which has been adjusted for the effect of…

Q: You calculate that you will need $75,000 in ten years to be able to pay for your daughter's college…

A: The question is based on the concept of Financial Accounting.

Q: Holly wants to have $220,000 to send a recently born child to college. She sets up a 529 plan and…

A: RATE  1.  4% 2.  5% YEARS 15 PRESENT VALUE $0 FUTURE VALUE $220,000

Q: A first-year engineering student wants to have $30,000 at graduation 4 years from now to buy a new…

A: Given: Future value (FV) = 30,000 Present value (P) = 10,000 Interest rate = 12%

Q: To pay his university education, Mr. Ahmed is saving $ 1000, at the beginning of each year for the…

A: The formula to compute future value of annuity due: