Morgan Freeman is investing $9,069 at the end of each year in a fund that earns 5% interest. In how many years will the fund be at $100,000?

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: Rodney Cashman has been investing $2,000 quarterly for the past 18 years in an equity mutual fund.…

A: Time value It tells that the money today received by the individual has more value than receiving…

Q: Edward made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years,…

A: Effective annual rate = (1 + Monthly interest rate)^12 - 1 = (1 + 3.75%/12)^12 - 1 =0.03815129256…

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: John freeman is investing $8,592 at the end of each year in a fund that earns 3% interest. in how…

A: Amount invested in investment gives interest. After the maturity of investment, amount invested and…

Q: Gagandeep  has $9,540 in her Moosa investment account. Find the simple interest rate required for…

A: Interest means the extra amount which we received because of investment made and will be paid in…

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: At age 28 you invest P 25,000 into a mutual fund. If the fund averages a 7% annual return, your…

A: Using an appropriate discount rate or CVF, compounding is a strategy for calculating the future…

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: ABC Ventures has raised their $100M fund, ABC Ventures I, with management fees computed based on…

A: Under Venture capital financing, lifetime fees are the total amount of fees paid over the lifetime…

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: 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: how many years

A: The $50000  fund is a lump sum amount today. The $6000 withdrawl per year is ordinary annuity. To…

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: 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: 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: Meghan made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years,…

A: Periodic payments can be made monthly, quarterly, semi-annually or annually. Periodic payments are…

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: The PUR Foundation deposits $2,500,000 today in a fund earning 6% APR compounded monthly.  What will…

A: Deposit Amount (PV) is $2,500,000 Interest Rate (r) is 6% Time Period (n) is 10 years  Compounding…

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

A:

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

A: Data given: APR( monthly) = 3.75% Semi-annual withdrawal = $ 2500 No.of years to first withdrawal =…

Q: Erin contributed $3,750 at the end of every 3 months into an RRSP fund earning 3.37% compounded…

A: Following details are given in the question : Quarterly deposit (periodic payment) = $3750 Interest…

Q: ma'am minda started to deposit P2,000 quarterly in a func that pays 5.5% compounded quarterly. How…

A: Quarterly Deposit = 2000 Interest rate = 5.5℅/4 = 1.375℅ per quarter N = 24 quarters

Q: Chuck Tomkovick is planning to invest $25,000 today in a mutual fund that will provide return of 8%…

A: INTEREST RATE (RETURNS) 8% YEARS 10 PRESENT VALUE $25,000 PMT 0

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: 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 business must raise $70,000 in 8 years. What should be the size of the owners' quarterly payment…

A: In this, we have to calculate future value FACTOR and from that, we can get sinking fund payment. A…

Q: Vanessa deposited $16,000 into a fund at the beginning of every quarter for 11 yea She then stopped…

A: Future value of annuity include the amount being deposited and amount of compounding interest being…

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: A 1,000,000-trust fund was set up and to be used by an 8-year old nephew when he goes to college. In…

A:

Q: You received $2,500 at your graduation party and have decided to invest it in a stock index fund…

A:

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.