A man donated a certain amount on a trust fund that will provide an end of...
A man donated a certain amount on a trust fund that will provide an end of the month scholarship grantee for poor deserving students for a period of 10 years. This amount earns an interest rate of 8% compounded monthly. The scholarship amounts to P15,000 every month and the first grant is to be given three years after donation.
A. What was the amount of the actual donation?
B. How much amount of money will be still available on the trust fund, seven years after the beginning of scholarship program?
C. How much total amount was already granted by the program to its scholars for its half-period of operation?
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A man donated a certain amount on a trust fund that will provide
an end of...
1. A man donated a certain amount that will last for 10 years for scholarship. The...
1. A man donated a certain amount that will last for 10 years for scholarship. The interest rate is 8 % monthly. And the scholarship amounts to 15 000 every month. a.) what was the amount of the actual donation of the man? b.) how much money is still available in 7 years? c.) how much total amount in half- period of operation?
What amount can be paid at the end of every month, in perpetuity, from an endowment...
What amount can be paid at the end of every month, in perpetuity, from an endowment of $75,000 earning 8% compounded monthly? The Willie P. Stanton Trust Fund is to pay, $5,000 at the end of every year to the student-athlete voted most deserving based on his or her dedication to the ideals of good citizenship. The Trust Fund earns 7.4% compounded semiannually. What is the present value of this perpetuity?
A young man is the beneficiary of a trust fund established for him 21 yr ago...
A young man is the beneficiary of a trust fund established for him 21 yr ago at his birth. If the original amount placed in trust was $50,000, how much will he receive if the money has earned interest at the rate of 10%/year compounded annually? Compounded quarterly? Compounded monthly? (Round your answers to the nearest cent.) compounded annually $ compounded quarterly $ compounded monthly $ Need Help? Read Talk to a Tutor MY NOTES PRACTICE ANOTHER 4. [-/0.1 Points]...
. Will donated $2,000,000 to start a perpetual fund for the purpose of helping people one...
. Will donated $2,000,000 to start a perpetual fund for the purpose of helping people one year after disasters. Will hopes the fund will provide $100,000 each year. Funds are distributed each year, beginning will's donation. If Will can earn 4%, compounded quarterly one over the first 20 years, effective annual raté he must earn over years 21 through forever, is closest to .. a) 50% 5.22% 5.73% d) 6,18% e) 6.39% f) 6.77% g) 6.96% h)712% i) 7.35% k)...
1. Make the following TVM calculations. Present Value a. A trust fund is being set up...
1. Make the following TVM calculations. Present Value a. A trust fund is being set up by a single payment P so that in 10 years, there will be $25,000. If the fund earns interest at the rate of 8% compounded annually, how much money should be paid into the fund initially? Pricing a Bond b. Dr. No from Workouts 11.9 is considering the purchase of a bond, serial number 007. The bond pays a coupon of $200 tomorrow morning,...
9. You wish to establish an endowment fund that will provide student financial aid awards every...
9. You wish to establish an endowment fund that will provide student financial aid awards every month, perpetually. To finance the scholarships you will make a series of equal deposits into a savings account. The deposits will be made monthly equal to $2,000 each, with the first one today and the final one in 7 years. The first award is to be granted one month after the last deposit. The savings rate is 5.90% compounded monthly. 1. Construct timelines. 2....
A superannuation fund receives an amount of $479 at the end of each fortnight from one...
A superannuation fund receives an amount of $479 at the end of each fortnight from one of its members. It invests this amount for the member ina cash fund that pays 6.3 % p.a. compounded fortnightly. Itf this interest rate is maintained, how much would Question 3 Not yet answered be in the member's account after 13 years, if no charges or taxes are deducted? Marked out of 1.00 (Assume that there are 365 days and 26 fortnights per year....
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
A young couple wants to have a college fund that will pay $25,000 at the end...
A young couple wants to have a college fund that will pay $25,000 at the end of each half-year for 8 years. (a) If they can invest at 6%, compounded semiannually, how much do they need to invest at the end of each 6-month period for the next 18 years to begin making their college withdrawals 6 months after their last investment? (Round your answer to the nearest cent.) A young couple wants to have a college fund that will...
A young couple wants to have a college fund that will pay $30,000 at the end...
A young couple wants to have a college fund that will pay $30,000 at the end of each half-year for 8 years. (a) If they can invest at 7%, compounded semiannually, how much do they need to invest at the end of each 6-month period for the next 18 years to begin making their college withdrawals 6 months after their last investment? (Round your answer to the nearest cent.) (b) Suppose 8 years after beginning the annuity payments, they receive...
A young man is the beneficiary of a trust fund established for him 21 yr ago at his birth. If the original amount placed in trust was $50,000, how much will he receive if the money has earned interest at the rate of 10%/year compounded annually? Compounded quarterly? Compounded monthly? (Round your answers to the nearest cent.) compounded annually $ compounded quarterly $ compounded monthly $ Need Help? Read Talk to a Tutor MY NOTES PRACTICE ANOTHER 4. [-/0.1 Points]...
. Will donated $2,000,000 to start a perpetual fund for the purpose of helping people one year after disasters. Will hopes the fund will provide $100,000 each year. Funds are distributed each year, beginning will's donation. If Will can earn 4%, compounded quarterly one over the first 20 years, effective annual raté he must earn over years 21 through forever, is closest to .. a) 50% 5.22% 5.73% d) 6,18% e) 6.39% f) 6.77% g) 6.96% h)712% i) 7.35% k)...
1. Make the following TVM calculations. Present Value a. A trust fund is being set up by a single payment P so that in 10 years, there will be $25,000. If the fund earns interest at the rate of 8% compounded annually, how much money should be paid into the fund initially? Pricing a Bond b. Dr. No from Workouts 11.9 is considering the purchase of a bond, serial number 007. The bond pays a coupon of $200 tomorrow morning,...
9. You wish to establish an endowment fund that will provide student financial aid awards every month, perpetually. To finance the scholarships you will make a series of equal deposits into a savings account. The deposits will be made monthly equal to $2,000 each, with the first one today and the final one in 7 years. The first award is to be granted one month after the last deposit. The savings rate is 5.90% compounded monthly. 1. Construct timelines. 2....
A superannuation fund receives an amount of $479 at the end of each fortnight from one of its members. It invests this amount for the member ina cash fund that pays 6.3 % p.a. compounded fortnightly. Itf this interest rate is maintained, how much would Question 3 Not yet answered be in the member's account after 13 years, if no charges or taxes are deducted? Marked out of 1.00 (Assume that there are 365 days and 26 fortnights per year....
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
A young couple wants to have a college fund that will pay $30,000 at the end of each half-year for 8 years. (a) If they can invest at 7%, compounded semiannually, how much do they need to invest at the end of each 6-month period for the next 18 years to begin making their college withdrawals 6 months after their last investment? (Round your answer to the nearest cent.) (b) Suppose 8 years after beginning the annuity payments, they receive...
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