Sally Medavoy will invest $8,000 a year for 20 years in a fund that will earn 6% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years?

A lottery winner will receive $6 million at the end of each of the next twelve years. What is the future value (FV) of her winnings at the time of her final payment, given that the interest rate is 8.6% per year

Tran Lee plans to set aside $1, 800 a year for the next six years, earning 4 percent. What would be the future value of this savings amount?

Laura invested $90 at the end of every month into an RRSP for 13 years. If the RRSP was growing at 4.20% compounded quarterly, how much did she have in the RRSP at the end of the 13-year period?       How much money should Kimberly invest today into a fund that earns interest at 5.25% compounded quarterly, if she wants to receive $4,750 at the end of every 6 months for the next 6 years?       Richard deposits $650 at the end of every month for 2 years and 3 months in a retirement fund at 4.04% compounded semi-annually. a. What type of annuity is this? Ordinary simple annuity Ordinary general annuity Simple annuity due General annuity due b. How many payments are there in this annuity?

You will endow a DePaul scholarship with a grant gift stream that lasts forever. The first grant is to be made 10 years from now in the amount of $1,303.14, but it must grow by 3% per year forever. Assume a discount rate of 9% and annual compounding. How much must you set aside today to fund the gift?

Mr. Areola is planning to make an additional investment at the end of each year for his retirement in 20 years.  Mr. Areola plans to invest $5,000 each year for the first 5 years, $8,000 each year for the next 5 years, and $ 12,000 each year for the remaining 10 years. If the rate of return of 11 percent can be earned in these investments, how much money will Mr. Areola have at the end of 20 years?

Please help me with show all calculation thanku

The PUR Foundation deposits $2,500,000 today in a fund earning 6% APR compounded monthly.  What will be the value of this deposit 10 years later?

Uma plans on investing $215 monthly into a vehicle that will earn 9.75% for 12 years. At the end of the twelve years, Uma will stop making payments and the fund will move to a more modest 7.17% return vehicle. If Uma is invested for a total of 40 years, what will she have at the end of the 40-year investment? Assume monthly compounding for the entire investment.

Assume that Dorothy Williams desires to accumulate $926,000 in 15 years using her money market fund balance of $254,222. At what interest rate must Dorothy’s investment compound annually?