Candice Alvarez is investing $385,400 in a fund that earns 11% interest compounded annually. Click here to view factor tables What equal amounts can Candice withdraw at the end of each of the next 17 years? (Round factor values to 5 decimal places, eg 1.25124 and final answers to O decimal places, e.g. 458,581.) Yearly withdrawals
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- Current Attempt in Progress Amy Alvarez is investing $312,400 in a fund that earns 15% interest compounded annually. Click here to view factor tables. What equal amounts can Amy withdraw at the end of each of the next 20 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Yearly withdrawals $Pearl Alvarez is investing $323,200 in a fund that earns 8% interest compounded annually. What equal amounts can Pearl withdraw at the end of each of the next 20 years? (Round factor values to 5 decimal places, eg 1.25124 and final answer to O decimal places, eg. 458,581) Yearly withdrawals=Tiffany's retirement fund has an accumulated amount of $50,000. If it has been earni interest at 3.83% compounded monthly for the past 17 years, calculate the size of the equal payments that she deposited at the beginning of every 3 months. Round to the nearest cent
- Ms Oksana Doe has just inherited an investment account worth $2,800,000 from her grandparents. The fund earns an annual interest rate of 6%. She plans to make uniform annual withdrawals from the account over the next 25 years. Answer the following two questions: 1. How much will each annual withdrawal be? OA. $223,160 OB. $47,320 OC. $50,960 OD. $232,120 OE. $218,960 2. What will be the balance in the account immediately after making the 8th annual withdrawal? OA. $1,359,698 OB. $1,048,320 OC. $2,294,110 O D. $2,431,991Henry is investing $44,080 at the end of each year in a fund that earns 6% interest. Click here to view the factor table. In how many years will the fund be at $370,000? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to O decimal places, e.g. 15.) YearsAssume that Karen Williams desires to accumulate $1,000,000 in 15 years using her money market fund balance of $209,004. At what interest rate must Karen’s investment compound annually? (Round answer to 0 decimal places, e.g. 5%.) Interest rate %
- Tiffany has accumulated $60,000 in a mutual fund. If she continues to deposit $300 at the beginning of every month from her salary into the fund for the next 10 years, how much money will she have at the end of 10 years if the fund earns 4.45% compounded monthly? Please include a well-labelled timeline diagram. Full solutions should be shown on separate sheets of paper. Submit your solutions. Answer: Round to the nearest centMr. 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).Courtney contributed $4,500 at the end of every 3 months, for 5 years, into a Registered Retirement Savings Plan (RRSP) earning 2.50% compounded quarterly. a. What is the future value of the fund at the end of 5 years? Round to the nearest cent b. What is the amount of interest earned over the 5-year period? Round to the nearest cent
- Jeff wishes to accumulate $7,000 in 6 years. Use the appropriate formula to find the sinking fund payment she would need to make at the end of each year, at 7% interest, compounded annually. $942.12 $978.57 O $1,432.12 O $1,468.57Morgan Quincy wants to withdraw $36,300 each year for 14 years from a fund that earns 11% interest. Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, eg. 458,581.) First withdrawal at year-end First withdrawal immediately %24 %24Mr. Deneau accumulated $97,000 in an RRSP. He converted the RRSP into a RRIF and started to withdraw $1500 at the end of every month from the fund. If interest is 3.95% compounded quarterly, for how long can Mr. Deneau make withdrawals? State your answer in years and months (from 0 to 11 months). He can make withdrawals for year(s) and month(s).