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Consider an amount of 25,000 in a fund today, October 25, 2022. Determine its value on Oct. 25, 2019 at 4.32% annual effective interest rate
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- Amount of an Annuity John Goodheart wishes to provide for 6 annual withdrawals of 3,000 each beginning January 1, 2029. He wishes to make 10 annual deposits beginning January 1, 2019, with the last deposit to be made on January 1, 2028. Required: If the fund earns interest compounded annually at 10%, how much is each of the 10 deposits?Present Value of an Annuity Ralph Benke wants to make 8 equal semiannual withdrawals of 8,000 from a fund that will earn interest at 11 % compounded semiannually. Required: How much would Ralph have to invest on: 1. January 1, 2019, if the first withdrawal is made on July 1, 2019 2. July 1, 2019, if the first withdrawal is made on July 1, 2019 3. January 1, 2019, if the first withdrawal is made on January 1, 2022Amount of an Annuity Beginning December 31, 2023, 5 equal annual withdrawals are to be made. Required: Using the appropriate tables, determine the equal annual withdrawals if 25,000 is invested at an interest of 12% compounded annually on: 1. January 1, 2023 2. December 31, 2023 3. January 1, 2020
- Value of an Annuity Using the appropriate tables, solve each of the following. Required: 1. Beginning December 31, 2020, 5 equal withdrawals are to be made. Determine the equal annual withdrawals if 30,000 is invested at 10% interest compounded annually on December 31, 2019. 2. Ten payments of 3,000 are due at annual intervals beginning June 30, 2020. What amount will be accepted in cancellation of this series of payments on June 30, 2019, assuming a discount rate of 14% compounded annually? 3. Ten payments of 2,000 are due at annual intervals beginning December 31, 2019. What amount will be accepted in cancellation of this series of payments on January 1, 2019, assuming a discount rate of 12% compounded annually?Determining Loan Repayments Jerry Rockness needs 40,000 to pay off a loan due on December 31, 2028. His plans included the making of 10 annual deposits beginning on December 31, 2019, in accumulating a fund to pay off the loan. Without making a precise calculation, Jerry made 3 annual deposits of 4,000 each on December 31, 2019, 2020, and 2021, which have been earning interest at 10% compounded annually. Required: What is the equal amount of each of the next 7 deposits for the period December 31, 2022, to December 31, 2028, to reach the fund objective, assuming that the fund will continue to earn interest at 10% compounded annually?Consider an amount of 25,000 in a fund today, October 25, 2022. Determine its value on the specified date and the given interest assumption. On May 12, 2022 at 4 3/5% exact simple interest rate p.a.
- Consider an amount of 25,000 in a fund today. October 25, 2022. DETERMINE ITS value on the specified date given: 1. January 25, 2024 at 3.42% annual effective interestImagine you have 100,000 worth in a fund today November 15, 2022. Give enough of it on the due date and at the corresponding interest rate.a.) At an effective discount rate of 3.24% on Nov. 15, 2020.b.) At an effective discount rate of 3.24% on Feb. 15, 2024.c.) At an interest rate of 8.4% payable monthly on Sept. 15, 2021.d.) At an discount rate of 3% convertible quarterly on May 15, 2025.Consider an amount 25,000 in a fund today, October 25, 2022. Determine its value on the specified date and the given interest assumption. A.) On december at 6 3/4% exact simple interest rate p.a. B.) On May 12,2022 at 4 2/5% ordinary simple interest rate p.a
- Consider an amount of 25,000 in a fund today, October 25, 2022. Determine its value on the specified date and the given interest assumption. On Dec. 25, 2022 at 6 1/4% ordinary simple interest rate p.a.On January 1, 2021, you deposited $5,500 in a savings account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year. Required: 1. What will be the balance in the savings account at the end of 9 years? (Future Value of $1.Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided.Deposits of $100 are made at the end of each calendar year from 2014 through 2019 inclusive. The resulting fund is to be used to buy a perpetuity with annual payments following the pattern X, 4X, 7X, 10X,... with the first payment on December 31, 2021. If the anmal effective rate of interest is 5%, find X. A. 0.558 B. 0.567 C. 0.576 D. 0.585 E. 0.594