Pearl Medavoy will invest $7.680 a year for 20 years in a fund that will earn 4% annual interest. Click here to view factor tables. 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? (Round factor volues to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458.581.) First payment today First payment at year-end $ $
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- How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one year and the rate is 10%?Cargojet Corp. is preparing for the replacement of one of its jets in three years by making payments to a sinking fund at the beginning of every six months for the next three years. The fund earns 6% compounded semiannually, and the capital required in three years is $750,000. What is the size of the semiannual payment made to the sinking fund? __________ How much of the maturity value of the fund will be interest? __________ Construct a partial sinking fund schedule showing details of the first two and the last two payments and totals. Round the sinking fund payments, interest payments and increases in the fund to the nearest dollar.Current Attempt in Progress Morgan Newman will invest $9,280 today in a fund that earns 12% annual interest. Click here to view factor tables How many years will it take for the fund to grow to $50,795? Years
- You are considering investing $1,000 in an investment fund at the end of every quarter for the next 6 years. The first investment will be made at the end of the coming quarter. The fund is expected to earn an interest rate of 10% p.a., with interest compounded quarterly. At the end of 6 years, the total dollar value in this investment fund will be closest to: Group of answer choices A.$6,388. B. $7,716. C. $32,349. D. $40,000.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?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?
- Sam Hart decides to invest $70,000 in a fund that will earn 6% annual interest, compounded semiannually. How much will his investment be worth in three years? Draw a timeline to illustrate the problem. What is the future value of your investment? (Use the present value and future value tables, a financial calculator, a spreadsheet or the formula method for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answer to the nearest cent, $X.XX.)What semiannual sinking fund payment would be required to yield $47,000 seven years from now? The annual interest rate is 6% compounded semiannually. | Click the icon to view the table. The sinking fund payment is S (Round to the nearest cent as needed.)What is the future value of an investment of $1,000 paid every year for five (5) years when the funds are invested at the end of the year at a rate of 5.0%? Please provide the proper key strokes for the BA2Plus and the Qualifier Plus IIIfx please. Thank you!
- Using Table 1-1 onpage 19, calculate the following:(a) The future value of lump-sum investment of $4,000 in four years thatearns 5 percent.(b) The future value of $1,500 saved each year forthree years that earns 6 percent.(c) A person who invests $1,200 each year finds onechoice that is expected to pay 3 percent per yearand another choice that may pay 4 percent. Whatis the difference in return if the investment is madefor four years?(d) The amount a person would need to deposit todaywith a 5 percent interest rate to have $2,000 inthree years.What is the equivalent average annual effective rate of interest over 5-year period if the fund earns d^{(4)} = 4% for the initial 1 year, d^{(12)} = 6% for the next 2 years, and i^{(6)} = 9% in the last 2 years?An investment promises to pay $5,000 at the end of each year for the next four years and $3,000 at the end of each year for years 5 through 8. Use Table II and Table IV or a financial calculator to answer the questions. Round your answers to the nearest cent. If you require a 9 percent rate of return on an investment of this sort, what is the maximum amount you would pay for this investment?$ Assuming that the payments are received at the beginning of each year, what is the maximum amount you would pay for this investment, given a 9 percent required rate of return?$