What minimum amount will have to be dedicated today to a fund earning 3.4% compounded quarterly,...
What minimum amount will have to be dedicated today to a fund earning 3.4% compounded quarterly, if the first quarterly payment of $7000 in perpetuity is to occur five years from now? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Amount to be dedicated is $
The interest rate on a $100,000 loan is 7.5% compounded quarterly. What quarterly payments will reduce the balance to $75,000 after five years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) PMT $
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...
What amount invested today would grow to $10,100 after 20 years, if the investment earns: (Do not round intermediate calculations and round your final answers to 2 decimal places.) Amount $ a. 4% compounded annually b. 4% compounded semiannually c. 4% compounded quarterly d. 4% compounded monthly
Ans: Britney invested $15,400 today in a fund that earns 8% compounded quarterly. To what amount will the investment grow in 3 years? Ans: On January 1, 2020, Catbone Corporation sold a building that cost $250,000 and that had accumulated depreciation of
How much more money is required to fund an ordinary perpetuity than a 35-year ordinary annuity, if the funds can earn 6% compounded quarterly, and both pay $800 monthly? (Do not round intermediate calculations and round your final answer to 2 decimal places.) $ more money is needed to fund the perpetuity
10 points c. The amount a person would have to deposit today (present value) at an interest rate of 9 percent to have $2,500 five years from now. (Round your PV factor to 3 decimal places and final answer to 2 decimal places) $1.801.91 d. The amount a person would have to deposit today to be able to take out $500 a year for 5 years from an account earning 8 percent. (Round your PVA factor to 3 decimal places...
How much more money is required to fund an ordinary perpetuity than a 20-year ordinary annuity if both pay $5900 quarterly and money can earn 8% compounded quarterly? (Do not round intermediate calculations and round your final answer to 2 decimal places.) $ more money is required
You have just won $130,000 from a lottery. If you invest all this amount in a tax-free money market fund earning 6% compounded weekly, how long do you have to wait to become a millionaire? (Round your answer to two decimal places.) _____yr In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the required payment for the sinking fund. (Round your answer to the...
Grouper Mechanical Inc.’s first dividend of $3.4 per share is expected to be paid six years from today. From then on, dividends will grow by 10 percent per year for five years. After five years, the growth rate will then slow to 5 percent per year in perpetuity. Assume that Grouper’s required rate of return is 16 percent. What is the price of a share of Grouper Mechanical today? (Round present value factor calculations to 5 decimal places, e.g. 1.15612....