Homework Answers
Present value = Annuity * [1 - 1 / (1 + r)n] / r
40,000 = Annuity * [1 - 1 / (1 + 0.05)11] / 0.05
40,000 = Annuity * [1 - 0.584679] / 0.05
40,000 = Annuity * 8.306414
Annuity = $4,816
Equal amounts will be $4,816
Add Answer to:
Alan is investing $40,000 in a fund that earns 5% interest compounded annually. Click here to...
Carla Alvarez is investing $395,500 in a fund that earns 9% interest compounded annually. Click here...
Carla Alvarez is investing $395,500 in a fund that earns 9% interest compounded annually. Click here to view factor tables What equal amounts can Carla withdraw at the end of each of the next 14 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Yearly withdrawals
Cindy Alvarez is investing $370,400 in a fund that earns 8% interest compounded annually. Click here...
Cindy Alvarez is investing $370,400 in a fund that earns 8% interest compounded annually. Click here to view factor tables What equal amounts can Cindy withdraw at the end of each of the next 20 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Brief Exercise 6-1 Alan Spear invested $15,500 today in a fund that earns 8% compounded annually....
Brief Exercise 6-1 Alan Spear invested $15,500 today in a fund that earns 8% compounded annually. Click here to view factor tables To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decímal places, e.g. 458,581.) Investment at 8% annual interest investment at 8% annual interest, compounded...
Adams Spear invested $16,000 today in a fund that earns 8% compounded annually. Click here to...
Adams Spear invested $16,000 today in a fund that earns 8%
compounded annually.
Click here to view factor tables
To what amount will the investment grow in 3 years? To what amount
would the investment grow in 3 years if the fund earns 8% annual
interest compounded semiannually? (Round factor values
to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal
places, e.g. 458,581.)
Investment at 8% annual
interest
$
Investment at 8% annual
interest, compounded semiannually
$
Joseph Spear invested $19,000 today in a fund that earns 8% compounded annually. Click here to...
Joseph Spear invested $19,000 today in a fund that earns 8% compounded annually. Click here to view factor tables To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 8% annual interest $enter a dollar amount rounded to 0 decimal places...
Newman Spear invested $18,300 today in a fund that earns 12% compounded annually. Click here to...
Newman Spear invested $18,300 today in a fund that earns 12% compounded annually. Click here to view factor tables To what amount will the investment grow in 4 years? To what amount would the investment grow in 4 years if the fund earns 12% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 12% annual interest $enter a dollar amount rounded to 0 decimal places...
John is investing $60,315 at the end of each year in a fund that earns 6%...
John is investing $60,315 at the end of each year in a fund that earns 6% interest. Click here to view the factor table. In how many years will the fund be at $340,000? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to 0 decimal places, e.g. 15.) Years
Robben Company is considering investing in an annuity contract that will return $27,500 annually at the...
Robben Company is considering investing in an annuity contract
that will return $27,500 annually at the end of each year for 13
years.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What amount should Robben Company pay for this investment if it
earns an 9% return? (Round answer to 2 decimal places,
e.g. 25.25.)
Robben Company should pay
$
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest...
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and Final answers to o decimal places, e.g.458,581.) First withdrawal at year-end First withdrawal immediately LINK TO TEXT
CALCULATOR PRINTER V VERSION BACK URCES Question 3 Maria Alvarez is rvesting $366,000 in a fund...
CALCULATOR PRINTER V VERSION BACK URCES Question 3 Maria Alvarez is rvesting $366,000 in a fund that earns 10% interest compounded annually. Click here to.xiew factor tables What equal amounts can Mara withdraw at the end of each of the next 20 years? (Round factor values to S decímal places,g. 1.25124 and inal answers to 0 decimal places, e.g. 458,581.) Yearly withdrawals s Click if you would like to Show Work for this question: Oen Show Work LENK TO TEXT
Brief Exercise 6-1 Alan Spear invested $15,500 today in a fund that earns 8% compounded annually. Click here to view factor tables To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decímal places, e.g. 458,581.) Investment at 8% annual interest investment at 8% annual interest, compounded...
Adams Spear invested $16,000 today in a fund that earns 8%
compounded annually.
Click here to view factor tables
To what amount will the investment grow in 3 years? To what amount
would the investment grow in 3 years if the fund earns 8% annual
interest compounded semiannually? (Round factor values
to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal
places, e.g. 458,581.)
Investment at 8% annual
interest
$
Investment at 8% annual
interest, compounded semiannually
$
John is investing $60,315 at the end of each year in a fund that earns 6% interest. Click here to view the factor table. In how many years will the fund be at $340,000? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to 0 decimal places, e.g. 15.) Years
Robben Company is considering investing in an annuity contract
that will return $27,500 annually at the end of each year for 13
years.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What amount should Robben Company pay for this investment if it
earns an 9% return? (Round answer to 2 decimal places,
e.g. 25.25.)
Robben Company should pay
$
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and Final answers to o decimal places, e.g.458,581.) First withdrawal at year-end First withdrawal immediately LINK TO TEXT
CALCULATOR PRINTER V VERSION BACK URCES Question 3 Maria Alvarez is rvesting $366,000 in a fund that earns 10% interest compounded annually. Click here to.xiew factor tables What equal amounts can Mara withdraw at the end of each of the next 20 years? (Round factor values to S decímal places,g. 1.25124 and inal answers to 0 decimal places, e.g. 458,581.) Yearly withdrawals s Click if you would like to Show Work for this question: Oen Show Work LENK TO TEXT
Most questions answered within 3 hours.
-
In epidemiology, how do you calculate the overall incidence of
cure within two groups? What formula...
asked 3 minutes ago -
In a study designed to test the effectiveness of magnets for
treating back pain, 35 patients...
asked 7 minutes ago -
A 1 liter solution contains 0.357 M ammonium chloride and 0.268
M ammonia. Addition of 0.295...
asked 4 minutes ago -
What are the advantages and disadvantages of using virtual
reality simulations in health care education?
asked 9 minutes ago -
Given input { 66, 28, 43, 29, 44, 69, 19 } and a hash function
h(x)...
asked 29 minutes ago -
A pebble with mass m is thrown straight up with an initial speed
v0 so that...
asked 33 minutes ago -
Let X be a discrete random variable that follows a
binomial distribution with n = 11...
asked 42 minutes ago -
The equilibrium constant, K, for the following reaction is
1.29×10-2 at 600
K.
COCl2(g) --->
CO(g)...
asked 55 minutes ago -
It is known that 72% of people have a favorable opinion of their
local police force....
asked 58 minutes ago -
A vertical straight wire carrying an upward 26-A current exerts
an attractive force per unit length...
asked 1 hour ago -
For the purposes of this assignment, you are to choose an
adaptive trait common to more...
asked 1 hour ago -
Two identical flutes can play middle C (262 Hz) at 20◦C. How
many beats per second...
asked 1 hour ago