Mrs. Quiton deposited Php 120,000.00 into a college fund at the beginning of every month for 10 years . The fund earns 9% annual interest , compounded monthly . She paid at the end of the month . How much is in the account right after the last deposit ? 1. What is the type of annuity illustrated in the given problem? A. Simple Annuity             B. General Annuity C. Deferred Annuity          D. Complex Annuity 2. Determine the present value of the deposit. A. Php 12,000.00              B. Php 30,000.00 C. Php 60,000.00              D. Php 75,000.00

Q: Jessica made equal deposits at the beginning of every 3 months into an RRSP. At the end of 8 years,…

A: Using excel PMT function

Q: Calculate the amount in the fund at the end of 3 years.

A: Time value of money means that the amount of money received in the present period will have more…

Q: At the beginning of each month, P 200 is deposited into a retirement fund. The fund earns 6%…

A: An annuity is a series of equal payments made or received at regular intervals. When the cash flows…

Q: 6. To support his handicapped niece, Tony made payments of $1800 into a fund at the beginning of…

A: given data pmt = $1800  interest = 5.24% time period = 18 years fund deposited every 3 months   so…

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

A: Here, Yearly Deposits is $2,000 Interest Rate is 8% Compounding is Continuous Compounding Time…

Q: Maria deposits $2,000 in a savings account that pays interest at an annual compound rate of 3%. Two…

A: The amount which is earned by depositor on the deposits is known as interest. This interest can be…

Q: Rebecca made equal deposits at the beginning of every 3 months into an RRSP. At the end of 10 years,…

A: Solution: An amount deposited at beginning of every period is known as annuity due. So, future value…

Q: Kyler deposits $225 each month into an annuity at 6.2% annual interest for 25 years . At the end of…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: A woman expects to have $10,000 in 4 years to buy a pair of earrings. She plans to create a sinking…

A: A sinking fund is one that loses money for a specific reason. The concept of the time value of money…

Q: What is the amount of the payments that Tom Brokaw must make at the end of each of 8 years to…

A: Amount required = $70,000 Interest Rate(r) = 8% Years(n) = 8 Let Annual Payments = P

Q: carlos Contributed equal deposit at the end of every month for four years into an investment fund he…

A: Monthly Compounding Interest Rate = 4.81%/12 per month Total Time Period = 7 years Time period of…

Q: May deposits PhP 20,000 into a fund at the beginning of each year for 10 years. At the end of 15…

A: This is a classic case of an annuity due, annuity perpetuity, annuity deferrals. First, we will…

Q: Jane Adele deposits $1,700 in an account at the beginning of each 3-menth period for 12 years. If…

A: If the amount is deposited at end of each period, then such annuity is called ordinary annuity. If…

Q: For 22 years, Janet saved $250 at the beginning of every month in a fund that earned 4.25%…

A: The future value of the annuity due is the future worth of a cash flow series received or paid at…

Q: If Luis Jimenez makes annual deposits of $1,000 into a savings account for 30 years, how much will…

A: Interest charged on the principal amount and the interest accrued is known as Compound Interest. It…

Q: Emile has deposited $100 at the start of each month to a savings fund for the last 3 ½ years. If the…

A: Monthly deposit = $ 100 Period = 3.50 Years = 3.5*12 = 42 Months Interest rate = 8% Quarterly…

Q: For 18 years, Janet saved $250 at the beginning of every month in a fund that earned 3.5% compounded…

A: Monthly saving (S) = $250 Interest rate = 3.5% Monthly interest rate (r) = [1+0.035]1/12-1…

Q: Sophia deposits 130,000 pesos at the end of each year in a savings account that pays a nominal rate…

A: Compounding that is constant is referred to as continuous compounding. Some people imagine…

Q: For 14 years, Janet saved $1,050 at the beginning of every month in a fund that earned 4.25%…

A: When the periodic payments are made at the beginning of each period, such payments are known as the…

Q: Juliana has contributed $2,787.00 every six months for the last 14 years into an RRSP fund. The…

A: Future worth is the amount that an investor expects from the cash flows in each period. Future worth…

Q: Mary puts aside $400 at the end of each three months for five years into a savings account. The…

A: Given information:  Quarterly payment = $400 Time = 5 years Compounding periods = 12 Rate = 9%

Q: At the end of every week, for 2 years, Carlo puts $35 into an account that earns 5.2% per year,…

A: If an individual is regularly depositing certain account at the beginning of the period it would be…

Q: Since the birth of his granddaughter, 18 years ago, Kristen has deposited $300 at the beginning of…

A:

Q: Since the birth of his granddaughter, 20 years ago, Jason has deposited $200 at the beginning of…

A: 1. FVA after 7 years   = P * (([1 + I]^N - 1 )*(1+I))/I, where P is the payment amount= 200 I is…

Q: Caleb invested $12,500 in a fund earning 7% compounded quarterly. She withdraws $650 from the fund…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: Holly invested $11,000 in a fund earning 6% compounded quarterly. She withdraws $900 from the fund…

A: Annuity means finite no. of payments which are same in size and deposited or withdrawn in equal…

Q: the beginning of each month, $200 is deposited into a retirement fund. The fund earns 6% annual…

A: Compound Interest: It is the amount which is included in the principal amount year to year till its…

Q: Joe Franklin deposits $22,000 in a savingsaccount that pays 6% interest compounded monthly.Three…

A: The future amount is determined by using future amount formula and that formula use the present…

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: Mr. Moreno started to deposit Php. 5,500 quarterly in a fund that pays 2.5% compounded monthly. How…

A: Multiple questions asked, so we can solve only first one or question asked as per requirement under…

Q: Brittany contributed $3,750 at the end of every 3 months, for 5 years, into a Register. Retirement…

A: Solution: An amount deposited at end of every period is known as ordinary annuity. The formula for…

Q: At the beginning of each month, $400 is deposited into a scholarship fund. The fund earns 5% annual…

A: Future Value can be calculated using FV function in excel FV (rate, nper, pmt, [Pv], [type]) Rate…

Q: Helena deposited P3,000 every beginning of 6 months for 10 years at Metro Bank at 9% compounded semi…

A: FV is the future worth of cash flows that have occurred in the past or present.

Q: .What was size of the investment in the fund if it was earning 5.50% compounded semi-annually?

A: Present Value of Perpetuity Due: It refers to the present worth of the annuity payments made for…

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: nnifer started to deposit ₱1,000 monthly in a fund that pays 6% compounded quarterly. How much will…

A: In this we need to calculate the future value of annuity.

Q: Harleen has deposited​ $125 at the end of each month for 13 years at​ 4.68% compounded monthly.…

A: Given the information in question Monthly deposit =$125 Interest rate =4.68%(monthly) ( I assume it…

Q: You deposit $1,000 in a fund at the end of each year for a 10- year period. The fund pays 5%…

A: An amortization schedule is a complete table of periodic loan payments, showing the amount of…

Q: Devin started a fund that would pay out $1,400.00 every month in perpetuity. The fund earns 3.72%…

A: Perpetuity Perpetuity is the series of fixed payments which is incurred or received for the infinite…

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: May deposits PhP 20,000 into a fund at the beginning of nd of 15 years, she makes an additional…

A: The present value of the future payments to be received will give the the future value of payments…

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…

Q: Direction: Compute the annual interest, total interest, and amount to be received or paid at the end…

A: Principal amount (P)= P25,000 Interest rate (R)= 2% Time period (T)= 8 months= 8/12= 0.67

Q: A deposit of $2,570 is placed into a retirement fund at the beginning of every 6 months for 14…

A: Future value is the value of amount invested today at a future specified period and interest rate.

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.