You are an insurance company and have sold an annuity to a customer. The annuity pays...
You need $600 in 6 months for your annual liability insurance umbrella. If your investments earn 4.00% APR (compounded monthly), how much do you have to invest each month, starting next month for 4 months such that your investment will grow to just cover your insurance bill? O$154 O $151 $131 O $145 $148
You need $600 in 6 months for your annual liability insurance umbrella. If your investments earn 4.00% APR (compounded monthly), how much do you have to invest each month, starting next month for 4 months such that your investment will grow to just cover your insurance bill? $154 $148 $151 $145 $131
How much would you have to invest today in an account that pays 5.00% APR, compounded monthly, to have $3,000 in 4 months? $2,893 $2,921 $2,951 O $2,980
4 Question6 LO1 How much would you have to invest in years 1 and 2 in order to have $5,000 in 4 years if your account earns 2% compounded annually? O $2.379.13 O $2,33248 o $2,450.50 O $2.426.71 Question 7 4 pts LO1 How much would y 5.00% APR, ou have to invest today in an account that pays compounded monthly, to have $3,000 in 4 months?
You are managing the investments of a pension fund. You have to make a payment to your customers in 6 months. The total amount of the payments is equal to $2,000,000 . How much do you have to invest each month, starting next month, for 5 months to exactly provide for the payments if your investments earn 5.00% APR (compounded monthly)? Calculate your answer to the nearest dollar. Write only the number with no dollar sign or comma (e.g., 3711)
You are managing the investments of a pension fund. You have to make a payment to your customers in 6 months. The total amount of the payments is equal to $2,000,000 . How much do you have to invest each month, starting next month, for 5 months to exactly provide for the payments if your investments earn 5.00% APR (compounded monthly)? Calculate your answer to the nearest dollar. Write only the number with no dollar sign or comma (e.g., 3711)
Your cable bill is $122 per month (starting next month) If your investments earn 3.00% APR (Compounded monthly), how much would you have to invest today to have your investment just cover 12 months worth of cable service. $1,412 $1,469 $1,440 $1,239 $1,214
You want to send your child to one years (12 months) of boarding school starting 6 months from now. The cost of the school is $7,000 per month for 12 months. If your investments earn 3% APR, compounded monthly, how much would you have to invest today to cover the cost of the boarding school?
please answer Question 3 20 pts You are managing the investments of a pension fund. You have to make a payment to your customers in 6 months. The total amount of the payments is equal to $2,000,000 How much do you have to invest each month, starting next month, for 5 months to exactly provide for the payments if your investments earn 5.00% APR (compounded monthly)? Calculate your answer to the nearest dollar. Write only the number with no dollar...
You dhia is paning toatnd umner camp for 3 months tarting 6 months from now The cost of the camp is $4,000 per month, each month for the 3 months she will attend. If your investments earn 5% APR (compounded monthly) how much must you invest each month starting next month, for 3 months, such that your investment would just cover the cost of the camp? O $11,889 $11,656 $3,996 $3,918 $4,000 $4,080