ylene is preparing for an income fund for her retirement. She wants to receive 15,000 pesos quarterly for the next 25 years starting 1 month from now. The income fund pays 10.5% compounded monthly. How much Aylene deposit now to pay for the annuity?

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: Ethan wants to set up a fund for his son's education such that he could withdraw $2,982.00 at the…

A: Quarterly withdrawals (P) = $2,982.00 Period = 6 Years Quarterly period (n) = 6*4 = 24 Interest rate…

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 =…

Q: Millet wants to provide a P200,000 graduation gift for her daughter Mae who is now 16 years old. She…

A: Present value is the sum of money that must be invested in order to achieve a specific future goal.…

Q: Holly Krech is planning for her retirement, so she is setting up a payout annuity with her bank. She…

A: Given: Holly Krech is planning for her retirement, so she is setting up a pay-out annuity with her…

Q: Carolyn is helping to save for her granddaughter’s college fund. It will probably take 18 years…

A: Future value required (FV) = $150,000 Interest rate (r) = 6% Number of annual payments (n) = 18…

Q: On her 23rd birthday. an engineer decides to start saving toward building up a retirement fund that…

A: a. The calculation is: The formulae snip is shown as:…

Q: New parents wish to save for their newborn's education and wish to have $40,000 should the parents…

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

Q: How much money did he have for retirement?

A: Future Value of annuity = A= R* (1+rm)n-1rmwhereA - future valueR - periodic paymentr - nominal…

Q: Karren has just retired and plans to consume $9,460 from the retirement account every year for the…

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

Q: A metallurgical engineer decides to set aside money for his newborn daughter's college education. He…

A: Let’s assume the engineer deposits X for one year for 14 years:

Q: Millet wants to provide a ₱200,000 graduation gift for her daughter Mae who is now 16 years old. She…

A: Present value is the sum of money that must be invested in order to achieve a specific future goal.…

Q: Your friend is celebrating her 30th birthday today and wants to start saving for her anticipated…

A: The process which helps a person in determining the amount required at the time of retirement and…

Q: To help out with her retirement savings, Kaitlin invests in an ordinary annuity that earns 2.4%…

A: Formula  Annual payment = FV/((1+i)n-1)/i Where FV - Future value i.e. $98000 i - Interest rate i.e.…

Q: Meredith, who is single, would like to contribute $6,000 annually to her Roth IRA. Her AGI is…

A: Roth IRA is a scheme for contribution into retirement account by the citizens of the United States…

Q: client plans to send a child to college for four years starting 18 years from now. having set aside…

A: First we need to calculate present value of at 17 years for 4 year collage fee by using this formula…

Q: Arthur wishes to have 80,000 in her bank account. How much suould she deposit in a bank account that…

A: the answer with complete calculation are as follows

Q: Charlotte wishes to accumulate $100,000 in a savings account in 10 years. If she wishes to make a…

A: Present value indicates the current value of a future earning or sum incurred in the future years…

Q: Jane is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of 3…

A: Compounding refers to the factor that allowed investors to generate higher returns on the investment…

Q: Jim wants to deposit an amount anually to meet his retirement needs. Assume that he will deposit a…

A: In the span of 25 years, the interest rate is 6% on both the deposits and the withdrawals. First…

Q: Janet's parents want her to go to the same college that they did. They decided to pay a lump sum…

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

Q: New parents wish to save for their newborn's education and wish to have $45,000 at the end of 16…

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

Q: New parents wish to save for their newborn's education and wish to have $37,000 at the end of 18…

A: Given  P=$37,000 r= 7.8% n=1 t=18 years

Q: Carol wants to have $500,000 when she retired in 25 years.  Her credit union has an ordinary annuity…

A: GIVEN, FV = $500,000 N=25 M=12 R=4%

Q: Maryann is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of 3…

A: in this we have to calculate future value FACTOR and than future value from that.

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

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

Q: The Alavis have decided to invest in a their Son. college fund for They invested $50,000 deferred…

A:

Q: Beverly is considering starting her small family business in five years’ time. She has decided to…

A: Investors are supposed to estimate the value of investment with the interest rates and time period.…

Q: Chikita plans on raising funds for her donation drive, #BangonCagayan for the victims of typhoon…

A: The series of deposits discussed here is a form of an annuity due wherein an equal amount is paid at…

Q: Suppose your friend is celebrating her 35th birthday today and wants to start saving for her…

A: Future Value:   The future value is the amount that will be received at the end of a certain period.…

Q: Theresa figures she needs $200,000 in ten years to pull off an early retirement to an undisclosed…

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

Q: To help out with her retirement savings, Rachel invests in an ordinary annuity that earns 7.8%…

A: A regular series of fixed payments that are made or received at equal time intervals is term as the…

Q: Janet's parents want her to go to the same college that they did. They decided to pay a lump sum…

A: Lump sum Payment as on today (PV)=$126,000 Duration (n)=8*4=32 periods Rate per period (i)=6%4=0.015

Q: Hayley has received an inheritance. She would like to set aside funds today that will allow her to…

A: The present value of a prospective amount of money or series of payments with a predetermined…

Q: Ginny is planning for her son's college education to begin five years from today. She estimates the…

A: Frist we need to calculate present value of annuity due by using this formula PV of annuity due…

Q: Andrea, a self-employed individual, wishes to accumulate a retirement fund of $550,000. How much…

A: Computation of interest:

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

A: As withdrawals and deposits are in annual terms we need to calculate effective annual rate

Q: Sara decides to set up a retirement fund by depositing $24 at the end of each day for 13 years. How…

A: Let's begin by calculating Effective Interest rate Formual for Effective Interest Rate = (1  +…

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

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

Q: Tala McLouf, a 21-year-old BBA graduate, likes to plan for her future ahead, and would like to save…

A: Since the question has more than 3 sub-parts, the first 3 subparts are answered. If you want the…

Q: Susan Orman wants to pay $1470 semiannually to her granddaughter for 11 years for helping her around…

A: The computation of the present value as follows:

Q: To help out with her retirement savings, Kaitlin invests in an ordinary annuity that earns 4.8%…

A: Rate of Interest = 4.8% Compounded Monthly Time Period(t) = 18 years  n = 12 Future Value = $97,000…

Q: Maria Anguiano's current salary is $80,000 per year, and she is planning toretire 25 years from now.…

A: Future value is the value of the present cash flows after certain period. Due to interest that can…

Q: Maryann is planning a wedding anniversary gift of a trip to Hawaii for her husband at the end of 3…

A: Annuity means series of finite no. of payments which are same in size and made in equal intervals…

Q: Manuel plans to set aside money for his young daughter’s college tuition. He will deposit money in…

A: Ordinary annuity is regular deposits at the end of each period. To calculate monthly deposits for a…

Q: ne has just graduated from high school and has received an award for $5,000. She would like to…

A: The compounding increase the effective interest on the and more compounding increases future value…

Q: ) Mr. and Mrs. Lacks want to collect money for college expenses in a bank at 9% interest rate…

A: The concept of compounding is used to calculate loan payment or deposit amount. It is a concept of…

Q: To save money for her son's college tuition, Jane invests $104 every month in an annuity that pays…

A: Annuity is the number of payments made by a person at frequent intervals of time. Annuities are used…

Q: In order to save for her high school graduation, Marie decided to save ₽200 at the end of each…

A: Note: “Since you have asked multiple questions, I will solve the first question for you. If you want…

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.