Tikla invested Pnp210, 000 in a time deposit account at 7.5% compounded semi annually. How much is the value of the fund if it is withdrawn after 2 years and 6 months? Select the correct response: none of the above 220,000.00 P253, 440.96 O P141,621.02
Q: $1500 is invested semi-annually for 3 years into a fund that pays 6.8% per year, compounded semi-…
A: We have; Amount invested semi annually as $1500 Interest rate is 6.8% compounded semi annually Time…
Q: In order to meet some future liabilities, a company makes the following series of regular…
A: Given information : First three year payments made in every 4 months 13633 Second four year…
Q: McKinnon's Machinery sets aside $4000.00 at the beginning of every six months in a fund to replace…
A: Given, $4000 is made at the beginning of every six months. Rate is 8% compounded monthly
Q: A company makes fixed annual payments to a sinking fund to replace equipment in five years’ time.…
A: Future Value of Money Required = 200,000 Time Period = 5 years Interest Rate = 10% Future Value…
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: What equal series of payments must be paid into a sinking fund in order toaccumulate each given…
A: Sinking fund refers to the funds that are kept by the companies aside on periodic basis so that…
Q: A company deposited $12,500 into an investment fund at the beginning of every quarter for 5 years.…
A: The future value of the annuity due is the future worth of a cash flow series receivable or paid at…
Q: Ten payments of 1,000 are made at the beginning of the each year for 10 years. The payments earn…
A: Time value of money is a financial management concept where the value of money today is not equal to…
Q: "To pay off $66000000 worth of new construction bonds when they come due in 31 years, a water…
A: Future value required (FV) = $ 66000000 Interest rate = 6.7% Quarterly interest rate (r) = 6.7%/4 =…
Q: What equal annual series of payments must bepaid into a sinking fund to accumulate the…
A: A fund that is created to repay a debt or replacement of an asset by putting an equal sum of amount…
Q: Cincinnati Company has decided to put $30,000 per quarter in a pension fund. The fund will earn…
A: Quarterly payment is $30,000. Maturity period is 10 years. Rate of interest is 6%. Compounding…
Q: You deposited $8,300 in a savings account. The account will earn 8 percent annual compound interest,…
A: Interest: It can be defined as the amount that is charged by the lender on the amount lent to the…
Q: A company deposited $10,000 into an investment fund at the beginning of every quarter for 3 years.…
A: Future value (FV) is the value of a current asset at a future date based on an assumed rate of…
Q: 2. If $14,000 had been invested in the Fictious Fund on June 30, 1995, then on June 30, 2005 the…
A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…
Q: "To pay off $58000000 worth of new construction bonds when they come due in 29 years, a water…
A: The time value of money is the idea that the value of money received today will be more worthy than…
Q: Quarterly deposits of $1,000 are made at t = 1, 2, 3, 4, 5, 6, and 7. Then, with drawals of size A…
A: The Future value of $1000 quarterly deposits at the end of the 7th quarter equals :…
Q: Your company has decided to set up a fund for its employees with an initial payment of Rs 27,500…
A: a.Calculate the size of the fund as follows:
Q: A certain amount of money after a decade is said to be worth Php 11,000.00. Ifthe interest rate…
A: There are two distinct questions in this post. The first has been answered below.
Q: If P50 was invested at 6% on January 1, year 1, what equal year-end withdrawals(P) could be made…
A: Invested amount (PV) = P 50 Annual interest rate (R) = 6% Number of withdrawals (N) = 10 Annual…
Q: Urgently need. An engineer wishes to set up a special fund by making uniform semiannual…
A: Present Value: The present value is the value of cash flow stream or the fixed lump sum amount at…
Q: 3. Kenchana Sdn. Bhd. needs $2,100,000 in 3 years. Find the required semiannual payment into a…
A: Future value required (FV) = $ 2,100,000 Period = 3 Years Number of semi annual payments (n) = 3*2 =…
Q: A fund is created by making equal monthly deposits of P4,000 at 9% converted monthly for half a…
A: The future value function or concept can be used to determine the future value of a present sum or…
Q: Jeff Associates needs to repay $29,000. The company plans to set up a sinking fund that will repay…
A: Sinking fund (SF) is a type of savings account in which periodical payments are deposited to…
Q: A bond issue of P200,000 in 10-years, in P1,000 units paying 10% interest per annum payments, must…
A: Face value (F) = P 200000 r = 10% per annum i = 8% per annum compounded monthly n = 10 years Let A…
Q: Franklin's investment fund had a balance of $280,000 on January 1, 1995 and a balance of $448,000…
A: An investment fund is a fund in which investors pool their money in order to generate returns.…
Q: A company deposited $5,500 into an investment fund at the beginning of every quarter for 6 years. It…
A: Solution:- When an equal amount is deposited each period at beginning of period, it is called…
Q: Your RRSP savings of $52,500 are converted to a RRIF at 4.22% compounded monthly that pays $5,372 at…
A: EXCEL FORMULA:
Q: Calculate the future value of end-of-month payments of $500 made for 4 years into an investment fund…
A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…
Q: If $90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of $23,138.32…
A: solution: Let interest rate earned = i Annual withdrawls = $23,138.32 Amount invested (Present value…
Q: Use the sinking fund formula shown to the right to determine the semiannual payments with 8%…
A: Sinking fund can be defined as the saving fund, in which, the business organizations tend to…
Q: t the beginning of the year, an investment fund was established with an initial deposit of 500 . A…
A: The dollar-weighted return is the return that is earned on the investment amount during the period.
Q: 2. If P500.00 is deposited in an account at the beginning of each year for 6 years at an annual…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Kenchana Sdn. Bhd. needs $2,100,000 in 3 years. Find the required semiannual payment into a sinking…
A: Business use sinking funds to accumulate funds to purchase new equipment or to meet other expensive…
Q: Keeler's Fabrication sets aside $3500.00 at the beginning of every six months in a fund to replace…
A: An annuity is an agreement between you and an insurance agency where you make a single amount…
Q: Dobsen Door Manufacturer s sets up sinking fund to raise $75000 to pay off the maturity value of a…
A: Sinking fund can be defined as a fund which help an investor to accumulate a targeted amount of fund…
Q: You deposit the following at the end of each year into a growth mutualfund that earns 11 percent per…
A: a) Computation of worth of the fund:
Q: QuantAlpha fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.75%. Assume the rate…
A: Value of investment = Invested amount*(1+r)n *(1-annual charges %)n r is rate of return of fund…
Q: f $14,000 had been invested in the Fictious Fund on June 30, 1995, then on June 30, 2005 the…
A: Compound Interest is calculated by multiplying the initial principal amount by one plus the annual…
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: 3000.00 120.00 706.47 706.47 706.47 706.47 2293.53 C 120.00 A B 120.00 D 2205.32 794.68 0.00 120.00…
A: Sinking fund is amount being deposited each period to achieve the future value required in the…
Q: Using the sinking fund formula or a financial calculator, complete the following: (Do not round…
A: Amount required (FV) = $26,000 Quarterly period (n) = 20 (i.e. 5 years * 4) Quarterly interest rate…
Q: Suppose you make equal quarterly deposits of $2,500 into a fund that pays interest at a rate of 5%…
A: Time value of money (TVM) refers to the method used to measure the amount of money at different…
Q: If 14000 had been invested in the fictious fund on June 30,1995 the investment would have been worth…
A: Discounting the future value provides the present value.
Q: Jones Assoc. borrowed $40,000. The company plans to set up a sinking fund that will pay back the…
A: Given information: Amount borrowed : $40,000 time period : 8 years rate of interest : 12%…
Q: A fund is created by making equal monthly deposits of P4,000 at 9% converted monthly for half a…
A: According to the time value of money concept, a sum of money in the future will have different…
Q: The sum of P4200 will be withdrawn from a fund at 3-month intervals, the first withdrawal to be made…
A: Solved using Financial Calculator PV = -48,000 FV = 6000 PMT = 4200 I/Y = 7 CPT N = 22.2304…
Q: At the beginning of each year, you deposit the following into a growthmutual fund that earns 6…
A: The present value is the value of the sum received at time 0 or the current period. It is the value…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Ayayai Corporation wants to withdraw $125,900 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Required initial investment %24$150,000 is deposited in a fund that pays 5% annual compound interest for 2 years, 3% annual compound interest for 2 years, and 4% annual compound interest for 2 years. If uniform annual withdrawals occur over the 6-year period, what will be the magnitude of the annual withdrawals? a. $27,689.63b. $28,614.29 c. $28,804.50 d. $29,552.62Red Company invested $10,000 in a fund that was earning interest at a rate of 4.00% compounded semi-annually. After 2 years and 6 months, the company transferred these funds to another investment that was earning interest at 5.50% compounded monthly. a. What is the balance in the fund at the end of 2 years and 6 months? $11,040.81 Round to the nearest cent b. What is the balance in the fund at the end of 6 years (from the initial investment)? $0.00 Round to the nearest cent c. By what amount did the fund grow during the 6 year period? Round to the nearest cent Give typing answer with explanation and conclusion
- £11,700 is invested at time t=0 and a further 8,800 at time t=5. Calculate the value of the fund after 20 years if the rates of interest applicable during this period are 0.6% per month effective for the first 14 years, and thereafter 7.9% per annum nominal payable quarterly for the remaining years. (correct answer = 77956.92)If P20,000 is invested in a fund that pays 10% compounded annually, how much money will be in the fund after 3 years? Accumulate P30,000 for 3 years and 6 months at 16% compounded semiannually. What is the compound amount after you invest P22,350 for 5 years and 6 months at 5% compounded semiannually? What is the (a) present value and (b) compound interest earned for 3 years and 9 months of P84,500 that is compounded quarterly at 20% interest? Find the nominal rate which when compounded semiannually and applied to a P50,000 principal will earn an interest of P5,000 after 60 months. In how many months will P10,000 earn a compound interest of P2,000 if money is worth 12% compounded monthly? What effective rate is the equivalent to 15% compounded annually?After contributing $3,415 at the end of every 6 months into an RRSP for the past 30 years, Nasir has accumulated $703,816.63. Determine the daily compounded nominal rate that was associated with the account. (a) 6.95% (b) 7.13% (c) 1.33% (d) 1.12% 2. The effective rate that is equivalent to a nominal rate of 3.25% compounded weekly is: (a) 3.30% (b) 2.31% (c) 1.02% (d) 4.24% 3. Which statement is FALSE? A sinking fund: (a) can be either an annuity due or an ordinary annuity. (b) can be set up to clear a debt. (c) always involves a maturity value. (d) shows in detail how a loan is repaid.
- An investor pays the following separate amounts into a fund: £12,000 at t=7 years, £17,000 at t=13 years, £12,000 at t=28 years The fund pays an effective quarter-yearly rate of discount of 2.3% during the first 7 years and an effective half-yearly rate of interest of 4.9% for the remaining period until the end of year 28. Assuming that no withdrawals are to be made throughout the entire term of this investment, calculate the present value of the fundAn investor pays the following separate amounts into a fund: £11,900 at t=6, £17,600 at t=14, and £10,700 at t=27. The fund pays an effective annual rate of interest of 11.9% during the first 7 years and effective half-yearly rate of discount of 3.5% for the remaining period until the end of year 27. Assuming that no withdrawals are to be made throughout the entire term of this investment, calculate the present value of the fund (i.e. at t=0). (correct answer = 12097.62, asnwer IS NOT £16,538.08, no tables, please, ONLY formulas)Quarterly deposits of $1,000 are made at t = 1, 2, 3, 4, 5, 6, and 7. Then, with drawals of size A are made at t = 12, 13, 14, and 15. If the fund pays interest at a quarterly compounding rate of 4%, what value of A will deplete the fund with the fourth withdrawal?
- PLEASE TYPE IT AND NOT HANDWRITTEN A fund of about P5 million is to be created by 40 quarterly payments at the rate of 4% compounded quarterly. Find the quarterly deposit. Construct a table showing the growth of the fund for the first 6 quartersMr. Deneau accumulated $98000 in an RRSP. He converted the RRSP into a RRIF and started to withdraw $5400 at the end of every three months from the fund. If interest is 4.1% compounded annually, for how long can Mr. Deneau make withdrawals? State your answer in years and months (from 0 to 11 months).An investor pays the following separate amounts into a fund: £12,100 at t=7 years £17,900 at t=13 years £12,300 at t=28 years The fund pays an effective quarter-yearly rate of discount of 2.3% during the first 7 years and an effective half-yearly rate of interest of 4.9% for the remaining period until the end of year 28. Assuming that no withdrawals are to be made throughout the entire term of this investment, calculate the present value of the fund (i.e. at time t=0). ONLY formulas, please, no tables) answer is NOT 12607.61
