For her daughter's university education, Carla Hackl has invested an inheritance in a fund paying 9.2%...
For her daughter's university education, Carla Hackl has invested an inheritance in a fund paying 9.2% compounded quarterly. If ordinary annuity payments of $5750.00 per month are to be made out of the fund for 6 years and the annuity begins 7.75 years from now, how much was the inheritance?
Homework Answers
Add Answer to:
For her daughter's university education, Carla Hackl
has invested an inheritance in a fund paying 9.2%...
need corrections please ty answers only please A sinking fund is established by a working couple...
need corrections please ty
answers only please
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what sie deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity dur. ordinary annuity annuity due...
i just need the correct answer A sinking fund is established by a working couple so...
i just need the correct answer
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what she deposits must they make (a) State whether the problem relates to an ordinary annuity or an annuity due ordinary annuity O annuity due...
A sinking fund is established by a working couple so that they will have $60,000 to...
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end o each 3-month period for 16 years, and if interest is paid at 14%, compounded quarterly, what size deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity due ordinary annuity O annuity due (b) Solve the problem (Round...
Linda Roy received a $213,000 inheritance after taxes from her parents. She invested it at 6%...
Linda Roy received a $213,000 inheritance after taxes from her parents. She invested it at 6% interest compounded quarterly for 4 years. A year later, she sold one of her rental properties for $223,000 and invested that money at 5% compounded semiannually for 3 years. Both of the investments have matured. She is hoping to have at least $513,000 in 8 years compounded annually at 4% interest so she can move to Hawaii. Future Value of Inheritance Investment: $0 Future...
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...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
Faith Rogers decides to put the child-support payments from her previous husband into an annuity for the education of he...
Faith Rogers decides to put the child-support payments from her previous husband into an annuity for the education of her two children. At the end of each month for 8 years, she puts $300 into a mutual fund that has yielded 9% compounded monthly. Find the amount of the annuity.
2) since 2007, a particular fund returned 13.5% compounded monthly
2) since 2007, a particular fund returned 13.5% compounded monthly. How much would a $6000 investment in this phone have been worth after two years? Round your answer to the nearest cent. 3.) In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding.. Find the accumulated amount of the annuity. Round your answer to the nearest cent. $5500 annually at 5% for 10 years. in the following ordinary annuity,...
1. You won $100 000 in a lottery and you want to set some of that...
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
An elderly couple invested $18,000 into an account earning 7.35% compounded monthly 45 years ago. Now...
An elderly couple invested $18,000 into an account earning 7.35% compounded monthly 45 years ago. Now they are reinvesting that money into an annuity that earns .275% per month and receiving monthly payments for the next 15 years. How much will the annuity pay out each month? (write the answer in the form $x,xxx.xx/mo.)
need corrections please ty
answers only please
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what sie deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity dur. ordinary annuity annuity due...
i just need the correct answer
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what she deposits must they make (a) State whether the problem relates to an ordinary annuity or an annuity due ordinary annuity O annuity due...
A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end o each 3-month period for 16 years, and if interest is paid at 14%, compounded quarterly, what size deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity due ordinary annuity O annuity due (b) Solve the problem (Round...
Linda Roy received a $213,000 inheritance after taxes from her parents. She invested it at 6% interest compounded quarterly for 4 years. A year later, she sold one of her rental properties for $223,000 and invested that money at 5% compounded semiannually for 3 years. Both of the investments have matured. She is hoping to have at least $513,000 in 8 years compounded annually at 4% interest so she can move to Hawaii. Future Value of Inheritance Investment: $0 Future...
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...
16. Suppose $15,000 is invested at an annual rate of 5% for 12 years. Find the compounded amount interest is compounded as follows. a.) Annually b.) Semiannually c.) Quarterly d.) Monthly 17. Find the present value of each compounded amount: a.) $42000 in 7 years, 6% compounded monthly. b) $17,650 in 4 years, 4% compounded quarterly. c.) S 1347.89 in 3 years, 5.5% compounded semiannually. 18. Find the future value of each annuity. a.) S 1288 deposited at the end...
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
Most questions answered within 3 hours.
-
When five capacitors with equal capacitances are connected in
series, the equivalent capacitance of the combination...
asked 1 minute from now -
1.
A corporation manufactures two variants of the same product:
Deluxe (D) and Classic (C). The...
asked 1 minute ago -
A survey of undergraduate students in the School of Business at
Northern University revealed the following...
asked 11 minutes ago -
If a random variable Xhas the gamma distribution with α= 2and β
= 1,
(a) What...
asked 12 minutes ago -
What are some of the main differences in emails sent to
1) a classmate and 2)...
asked 15 minutes ago -
Networks have a ‘dual' property’. They provide information that
allows us to estimate our location. But...
asked 23 minutes ago -
Using Mathematica programming -- I need the program to run 8
times and get 8 different...
asked 30 minutes ago -
The survival to sexual maturity rates for genotypes A1A1, A1A2,
and A2A2 are 90%, 85%, &...
asked 25 minutes ago -
1-Imagine you're named an Economic Advisor to the
president of a very poor and backward country...
asked 29 minutes ago -
1.Explain the diffrence between equity finance and
debt finance with example?
By which one sales bonds...
asked 32 minutes ago -
Discuss "Condensation Reactions" giving at least two examples. Your
explanation should include relevant mechanisms and references...
asked 33 minutes ago -
You own a one-year call option to buy one acre of Los Angeles
real estate. The...
asked 42 minutes ago