Noor made 5 annual deposits into a fund that paid 10% compound annual interest. Her first deposit was $1600; each successive deposit was $200 less than the previous deposit. How much was in the fund immediately after the 5th deposit?

Q: A fund is established by depositing P30,000 every beginning of 3 months for 2 years. If money is…

A: The amount of fund after final deposit can be calculated with the help of future value of annuity…

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: 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: nnual deposits of $3200 at the beginning of every six- month period into a fund earning 4.2%…

A: Future value includes the deposits made and the interest accumulated over the period of time. That…

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: Ali is making $1,000 monthly deposits into a fund that pays interest at a rate of 6% compounded…

A: Given: Monthly deposit = $1,000 Interest rate = 6% Years = 10

Q: Starting three months after her grandson​ Robin's birth, Mrs. Devine made deposits of ​$100 into a…

A: Given the information in question Quarterly deposit=$100 The time period of deposit =21 year The…

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: Raj deposits 25 into a fund at the end of each month for 2 years. The total amount of interest…

A: Solution- FV=PMT1+in-1iFV=2S1+i24-1i

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: John borrows $10,000 for 10 years and uses a sinking fund to repay the principal. The sinking fund…

A: Using excel RATE function

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: Starting three months after her grandson​ Robin's birth, Mrs. Devine made deposits of ​$95 into a…

A: Present value is computed by discounting the future cash flows by using an appropriate discount…

Q: Courtney contributed $4,500 at the end of every 3 months, for 5 years, into a Registered Retirement…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

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

A:

Q: Sarah deposited $26,500 into a fund at the beginning of every quarter for 16 years. He then stopped…

A: Compound interest= p*(1+r%/n)^tn A.)  Around $358903 stacked up at the end of 16th year.

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: Troy Long wishes to deposit a single sum of money in a savings account so that five equal annual…

A: A payout annuity is the type of annuity where a regular amount is withdrawn from the account.…

Q: payments

A: As the payments are made at the end of the year, this is an ordinary annuity. Hence the future value…

Q: 7. Manolo deposited P 120 000 in a fund that pays 5% compounded annually for the first 3 years, 4 ½%…

A: Interest is a value which is received on a deposited amount for the period. It increases the value…

Q: John made a deposit of 4400 into a fund ot the þeginning of each year for 16 years. At the end of 16…

A: FV of annuity = Payment * (1+i)n-1i

Q: Since the birth of her granddaughter, 19 years ago, Holly has deposited $150 at the beginning of…

A: Given, The monthly deposit is $150. Interest is 3.25% for first 7 years and 3.75% for the next 12…

Q: 1. Amy made semiannual deposits of $3,100 at the beginning of every every six months into a fund…

A: Semi Annual Deposit = 3100 Beginning of period deposits Interest Rate = 6.8%/2 = 3.4% per semi…

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

A: Compounding of interest means, interest is received on principal as well as the earned interest…

Q: Fifteen years ago, you deposited $12,500 into an investment fund. Five years ago, you added…

A: Future Value is the value of current investments at a certain future date at the assumed…

Q: Faisal deposits $1,139 in a fund paying 4% annual compound interest; after 5 years the fund…

A: The future value of the account at the end of 11 years can be calculated with the help of future…

Q: For 13 years, Janet saved $250 at the beginning of every month in a fund that earned 4.5% compounded…

A: Compounding is a method of charging interest in which Interest is charged on the amount including…

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: Francis deposits P 100,000 into a fund today and P 200,000 fifteen years later. Interest is credited…

A: Deposit today (D0) = P 100000 Deposit after 15 years (D1) = P 200000 Discount rate for first 10…

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: Sheila started to deposit P18,000 semi-annually in a fund that pays 5% compounded semi-annually. How…

A: Semiannual deposit (D) = P 18000 r = 5% per annum = 2.5% semiannually n = 10 years = 20 payments

Q: a. Peter started to deposit P5,000 monthly in a fund that pays 1% compounded monthly. How much will…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

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

A: p Principal Amount (1000*3) 1000 i Interest rate per annum 6% i Quarterly interest (6%/4) 1.50%…

Q: Starting three months after her grandson​ Robin's birth, Mrs. Devine made deposits of ​$105 into a…

A: Given information in question Quarterly deposit=$105 Time period of deposit =21 year Total period of…

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: On January 1, you deposited $6,000 in an investment account. The account will earn 10 percentannual…

A: 1. . 1 Future value  =Present value * (1+Interest rate)No. of years…

Q: Aling Paring started to deposit P2,000 quarterly in a fund that pays 5.5% compounded quarterly.-…

A: The question gives the following information:

Q: Samantha invested $575 at the end of every month in an investment fund that was earning interest at…

A: Given data; payment amount = $575 rate of interest for 9 years = 4.2% compounding frequency =…

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: Ms Smith borrows 5000 at 5% annual effective interest, with payments at end of each year. The lender…

A: A loan amortization table is the schedule of loan repayment which includes the bifurcation of the…

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: Garrett wants to accumulate at least $35,000 by depositing $1,5 month into a fund that earns…

A: Amount to be accumulated is $35000 Monthly deposit is $1500. Rate 4.5% compounded monthly

Q: Juliana has contributed $2.108.00 every six months for the last 9 years into an RRSP fund The…

A: The concept of the time value of money states that due to the interest-earning capacity of money,…

Q: Three EOY payments of $300 each are made in a fund that gives an interest of 12%. What amount is…

A: The question is based on calculation of future value of periodic payments with the concept of…

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

A: We need to break this question into 3 parts. In the first part we need to calculate the FV of the…

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.