Nicola Martin also just started working with the NCB as a sales representative and is just trying to catch up on having money for retirement.  NCB offers her a pension plan with an annuity that is guaranteed to earn 11% interest compounded Semi-annually. She plans to work for the same 12 years before retiring and would then like to be able to draw an income of $110,000 per annum for 16 years. How much must be deposited per annum into her retirement fund to accomplish this?

Q: Aylene is preparing for an income fund for her retirement. She wants to receive 15,000 pesos…

A: Quarterly payment (Q) = 15000 pesos n = 25 years = 100 quarters Interest rate = 10.5%

Q: Marie, an employee at McCormick, has determined that she will need $5500 per month in retirement…

A: An annuity is a series of cash flows with an equal amount occurring at equal time intervals for a…

Q: Consider a person who begins contributing to a retirement plan at age 25 and contributes for 40…

A: Calculate Value of the amount at age of 65 as below: Resultant table: Hence, plan has value of…

Q: Calculate the return that Lin Shan is earning on her annuity.

A: Given, Investment - PV = 1000000 Payment - PMT = 60000/2 = 30000 years - N = 15 Period - m = 15*12 =…

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A: Given data; rate of interest = 4% payment after retirement= $20,000 number of years after retirement…

Q: An engineer will deposit 10% of her salary each year into a retirement fund. If her current annual…

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

Q: 4. Nicky starts a retirement account at age 31, putting away $200 each pay period, of which she has…

A: The future value of a growing annuity is the future worth of an annuity which is growing at a…

Q: If Jill’s salary increases at a 6% uniform rate per year, and she continues to invest 5% of it each…

A: The present value of annuity is computed by discounting the future payments using the specified…

Q: A civil engineer planning her retirement will deposit 10% of her salary each year into a…

A: Using formulae, Future Value =Present Value * (1+rate)^n Where n = no. of years till end

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A: The retirement account value is calculated as the present value of withdrawals.

Q: Kourtney currently works at Bruin Productions and decided to finally plan for the future, she wants…

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

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A: Using excel PV function

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

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A: Time value of money-It is based on the concept that money earned today is worth more than similar…

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A: Note: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…

Q: Peter has opened a retirement investment account and plan to contribute $6,000 at the end of each…

A: Expected return is calculated by excel function RATE. For RATE function, future value FV is the…

Q: Maria, a 25-year-old teacher, wants to start saving for her retirement. Maria wants a comfortable…

A: GIVEN, Age of Maria = 25  retirement age = 65 therefore number of years of savings = 65- 25 = 40…

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A: The question is based on the concept of Present value

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A: Here,

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A: Monthly deposit (m) = $400 Monthly deposit period (p) = 120 (i.e. 10 years * 12) Monthly interest…

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A: The annuity payments that are made at the beginning of the year are called annuity due and the ones…

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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: Retirement refers to the period after an employee terminates its current job either voluntarily or…

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A: Here, Jennifer is depositing $300 monthly in an account at a rate of 6% per year for a period of 35…

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A: contribution =$7000 per year  interest rate =6% Period =35 Future value FACTOR =(1+r)n-1/r…

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A: The future value of the annuity is the total value of all the payments which is occurred regularly…

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A: Year Time to Maturity Salary Sample Working Employer's Contribution Sample Working Employee's…

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A: Quarterly Payment  $                              12,000.00 Interest Rate 7.50% Time Period 30

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A: The question is based on the concept of Annuity

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A: In this we have to calculate the the present value of annuity.

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Q: Nicola Martin also just started working with the NCB as a sales representative and is just trying to…

A: The calculation is:

Q: Ishan and Hazel plan to retire at age 60 with a retirement income of $48,000 a year from their…

A: Retirement planning establishes retirement income objectives as well as the activities and decisions…

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A: The cash flows discussed here are annuities where an equal amount is paid each period.

Q: Your parents are planning to save for their retirement. A retirement plan is a financial arrangement…

A: The Future Value of the annuity refers to the sum value of all the payments which is occurred…

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A: Excel Spreadsheet:

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A: Total amount she got = 5400*20*12 = 1296000

Cash and Liquid Asset Management

Cash management is the process of controlling cash inflow & cash outflow, managing the cashflows inside the business, and utilizing the cash for business operation at any point in time. A business has to maintain a certain level of cash to meet various financial obligations. Cash management is essential because businesses must utilize the cash to generate maximum profit. Cash management also ensures to maintain maximum liquidity in the business.