What amount of money (in Php) invested today at 0.101 interest can provide the following scholarships: Php 16,344.92 at the end of each year for 5 years, Php 30,975.88 for the next 5 years, and Php 53,200.83 thereafter? Note: Use four decimal places
Q: What amount of money (in Php) invested today at 11.97% interest can provide the following…
A: Please note the last payment of 55,060 will be made into perpetuity. Now let us break this question…
Q: A wealthy alumnus of Abu Dhabi University wants to start a permanent award in his name. He wants to…
A: Scholarships will continue in perpetuity Number of students to be awarded scholarship each year = 10…
Q: What amount of money invested today at 15% interest can provide the following scholarships: P30,000…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: Ron Sample is the grand prize winner in a college tuition essay contest awarded through a local…
A: Formula to compute Present value of annuity due is as follows: Present Value of annuity due…
Q: What amount of money invested today at 15% interest can provide the following scholarships: ₱30,000…
A: Interest rate = 15% Annual cash flow in first 6 years = P30,000 Annual cash flow in next 6 years =…
Q: A recent high school graduate received $800in gifts of cash from friends and relatives. In…
A: Effective Annual Interest Rate: It is the rate of interest changed over given period for required…
Q: what amount of money invested today at 10% interest can provide the following scholarships: 34,000…
A: The question is based on the concept of Financial Management.
Q: A donor wishes to endow a scholarship to a certain university in the name of a certain professor.…
A: In this we need to find annual effective interest rate and find out value today.
Q: What amount of money invested today at 10% interest can provide the following scholarships: P30,000…
A: The present value method is the method of finding out how much all the future cash flows are worth…
Q: wealthy man wants to provide annual scholarships to deserving students. The fund will grant P100,000…
A: The present value of money is required to get the amount of scholarship required and must according…
Q: A generous donor has offered to fund a scholarship at UTP worth RM120,000 per year beginning in year…
A: Perpetuity will be reflective of a stream of cash flows which will be continuing forever. The…
Q: fund is to be set up for an annual scholarship of $5000. If the first payment is due in three years…
A: Solved using Financial Calculator FV = 5000 N = 3 years * 4 = 12 I/Y = 6.2/4 = 1.55 CPT PV = -…
Q: Jeff wishes to accumulate $5000 in 5 years find the sinking fund payment needed to make at the end…
A: Amount Required After 5 years = $5000 Interest Rate (r) = 5% = 0.05 Years(n) =5 Let Annual Deposit…
Q: wealthy man donated a certain amount of money in a bank at a rate of 8% compounded annually to be…
A: The given problem can be solved using PV function in excel. PV function computes current balance in…
Q: A fund donated by wealthy person to IECEP to provide annual scholarships to deserving ECE students.…
A: A cash flow diagram is a graphical representation of all the cash flows at a given time period. It…
Q: What sum of money must be deposited in a savings scholarship account to provide a scholarship of…
A: The present value of perpetuity's formula is used to compute the deposits for saving. Present value…
Q: COMPLETE THE CALCULATIONS ON PAPER FIRST AND WRITE THE ANSWERS IN THE TABLE: What sum of money must…
A: Compound interest is the interest computed on the original principal of a deposit or loan as well as…
Q: Norm Legend has been awarded a scholarship from Canmore College. For the next 10 years, he will…
A: Amount to be set aside now = Present value of annual payment where, Present value of annual payment…
Q: of $100,000 from Tajinder. The money is invested a 8% compounded quarterly. The grant is to be used.…
A: Effective semiannual interest rate = (1 + 0.08/4)^2-1 = (1 + 0.02)^2-1 = (1.02)^2-1 = 0.0404 ~4.04%…
Q: how much can we paid in scolarships at the end of half year if $90.000 is deposited in a trust fund…
A: Amount Deposited = $90,000 Annual Interest Rate = 8.5%Semiannual Interest Rate = 8.5% / 2Semiannual…
Q: You donate $400,000 to provide annual scholarships in perpetuity. The money is deposited into an…
A: in this we have to find out effective annual interest rate and from that we will get annual…
Q: How much can be paid in scholarship at the beginning of each month if $200000 is deposited in a…
A: The amount to be paid monthly can be calculated from the function of present value of annuity due
Q: A fund is to provide an annual scholarship at P4,000.00 for the first 5 years; P6,000.00 for the…
A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…
Q: I need help figuring out which table to use in this question. Either: compound value, present value,…
A: Hi, this is an example of simple interest. Hence no table can be used, as the interests are neither…
Q: A recent alumnus of your university gifted money to the school to fund annual scholarships for needy…
A: The conceptual formula used:
Q: A wealthy donor has given $400,000 to a university and specifies that it is to be used to give…
A: Here, Present value (P0)= $400,000 Interest rate (r) = 0.055 Number of years (N) = 25 years No. of…
Q: (1) Five years ago, an alumnus of a university donated $55,996.8 to establish a permanent endowment…
A: Note : We will answer the first question as exact one is not specified. The question is based on…
Q: What is the size of each scholarship if the first one is awarded on September 1, 2016? Need well…
A: Effective semiannual interest rate = (1 + 0.08/4)^2 -1 = (1 + 0.02)^2 -1 = (1.02)^2 -1 = 0.0404 ~…
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: Find the present worth of this cost.
A: An endowment fund is the fund set aside and invested, the earnings of which will be utilized for the…
Q: What is the size of the scholarship payments that students at a college would receive at the end of…
A: The scholarship amount will be the quarterly interest earned on such endowment fund
Q: 1. Find the amount of a Php 100 ordinary annuity payable every month for 2 years if money is worth…
A: An annuity is a series of equal payments made at regular intervals. The today's value of the annuity…
Q: A sum of $ 2,000 is spent today, $ 500 is spent at the end of each year for 6 years, $ 800 is also…
A: Future Value for annual instalments is calculated by the future value of annuity formula. Future…
Q: f you owe $47,000 payable at the end of five years, what amount should your creditor accept in…
A: The question gives the following information:
Q: Use the sinking fund formula shown to the right to determine the semiannual payments with 8%…
A: We need to use sinking fund formula to determine periodic payment . The formula is PMT =FVn1+rn…
Q: Assume that Karen Williams desires to accumulate $1,000,000 in 15 years using her money market fund…
A: The present value method is used to evaluate the different levels of investment projects. With the…
Q: At what nominal rate compounded semi-anually will Php5,000 amount to Php 6,000 in 2 years? Round off…
A: Present Value PHP 5,000 Value of Land after 5 years PHP 6,000 A = P[1+(r/n)]^ntWhere A…
Q: What amount of money invested today at 15% interest can provide the following scholarships: P 30 000…
A: The present value is the discounted value of future cash flows. For sustaining a scholarship the…
Q: what is the amount of the annual scholarship?
A: Compound interest is calculated on a total of previously earned interest and the original…
Q: A grateful alumnus wishes to provide a scholarship of $1,800 per year for 4 years to his alma mater,…
A: Annuity- refers to a series of periodic payments made at equal time intervals. This financial…
Q: Find the size of each of 8 payments made at the end of each year into a 9% rate sinking fund which…
A: Formula FVA = P*((1+i)n-1)/i Where FVA - Future value of annuity i.e. 55000 P - Annual payment i -…
Q: An endowed scholarship is one funded by a single deposit in a permanent scholarship account by a…
A: EAR is the actual return earned on an investment by the investor taking into account the effect of…
Q: A woman is considering giving an endowment to a university in order to provide payments of P55,000,…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Don Solomon wants to set up a scholarship program with his alma mater. If P941498 is needed per year…
A: Present value of annual cash flow to be in perpetuity If a cash flow annually occur in perpetuity,…
Step by step
Solved in 2 steps
- Comprehensive The following are three independent situations: 1. K. Herrmann has decided to set up a scholarship fund for students. She is willing to deposit 5,000 in a trust fund at the end of each year for 10 years. She wants the trust fund to then pay annual scholarships at the end of each year for 30 years. 2. Charles Jordy is planning to save for his retirement. He has decided that he can save 3,000 at the end of each year for the next 10 years, 5,000 at the end of each year for Years 11 through 20, and 10,000 at the end of each year for Years 21 through 30. 3. Patricia Karpas has 200,000 in savings on the day she retires. She intends to spend 2,000 per month traveling around the world for the next 2 years, during which time her savings will earn 18%, compounded monthly. For the next 5 years, she intends to spend 6,000 every 6 months, during which time her savings will earn 12%, compounded semiannually. For the rest of her life expectancy of 15 years, she wants an annuity to cover her living costs. During this period, her savings will earn 10% compounded annually. Assume that all payments occur at the end of each period. Required: 1. In Situation 1, how much will the annual scholarships be if the fund can earn 6%? How much at 10%? 2. In Situation 2, (a) How much will Charles have at the end of 30 years if his savings can earn 10%? How much at 6%? (b) If Charles expects to live for 20 years in retirement, how much can he withdraw from his savings at the end of each year if his savings earn 10%? How much at 6%? (c) How much would Charles need to invest today to have the same amount available at the time he retires as calculated in Situation 2(a) at 10%? How much at 6%? 3. In Situation 3, how much will Patricias annuity be?What amount of money (in Php) invested today at 11.97% interest can provide the following scholarships: Php 35,389 at the end of each year for first 8 years, Php 45,100 each year for the next 8 years, and Php 55.060 thereafter? Note: Please show the complete solution with the formulas used as it is needed for my reviews. Thank You!what amount of money invested today at 10% interest can provide the following scholarships: 34,000 pesos at the end of each year for 5 years; 44000 pesos for the next 4 years and 59000 pesos thereafter?
- u.A fund donated by wealthy person to IECEP to provideannual scholarships to deserving ECE students. Thefund will grant Php 5 000 for each of the first five years,Php 8 000 for the next five years and Php 10 000 foreach year thereafter. The scholarship will start oneyear after the fund is established. If the fund earns 8%interest, what is the amount of the donation? 3. Ifpayments are made at end of the interest period. 4. Ifpayments are made at beginning of the interestperiod. include a cash flow diagra,What amount of money invested today at 15% interest can provide the following scholarships: P30,000 at the end of each year for 6 years; P40,000 for the next 6 years and P50,000 thereafter.What amount of money invested today at an interest of 14.22% compounded quarterly can provide the following scholarships: P30,000 at the end of each year for 6 years; P40,000 for the next 6 years, and P50,000 thereafter? Draw the cashflow diagram.MANUAL SOLVING PLEASE
- What amount of money invested today at 15% interest can provide the following scholarships: ₱30,000 at the end of each year for 6 years; ₱40,000 for the next 6 years and ₱50,000 there after?Question:- How much can be paid in scholarship at the beginning of each month if $200000 is deposited in a trust fund if interest is 3.5% compounded monthly. The Amount that can be paid each month is $_______(round to six decimal places)You plan to set up an endowment at your alma mater that will fund $180,000 of scholarships each year indefinitely. If the principal (the amount you donate) can be invested at 6.4 percent, compounded annually, how much do you need to donate to the university today, so that the first scholarships can be awarded beginning one year from now? (Round answer to 2 decimal places, e.g. 52.75.)
- On September 1, 2014, a university received a grant of $100,000 from Tajinder. The money is invested at 8% compounded quarterly. The grant is to be used to pay out semi-annual scholarships for 20 years. What is the size of each scholarship if the first one is awarded on September 1, 2016? Need well explained answer, please do not use excel.An endowment fund is providing an annual scholarship of P50,000 for the first five years, P60,000 for the next five years, and P90,000 thereafter. The fund will be established today and will award the first scholarship after a year. The fund earns 4.5 % annual interest. Find the present worth of this cost.You are applying for a scholarship currently valued at $6,500. If you are awarded it at the end of next year, how much will it be worth in today's dollars, assuming inflation of 2.5 percent
