How much do the managers of a pension fund need to invest in U.S. government certificates...
How much do the managers of a pension fund need to invest in U.S. government certificates of deposit that pay interest at the rate of 7.04%/year compounded quarterly over a period of 10 years. So that at the end of this period, the investment will worth $5,000,000?
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How much do the managers of a pension fund need to invest in
U.S. government certificates...
please help to do 6 8 9 thank u soooo much 6. If you invest $4700...
please help to do 6 8 9 thank u soooo much
6. If you invest $4700 into an account that pays 4.3% interest rate compounded continuously, find (a) the future value after 9 years, (b) the effective rate, and (c) the time to reach $10,000. Round all values to the nearest hundredth. 7. June made an initial deposit of $ 2100 in an account for her son. Assuming an interest rate of 2% compounded quarterly, how much will the account...
How much money should Jeffrey invest today in a fund that earns interest at 4.02% compounded...
How much money should Jeffrey invest today in a fund that earns interest at 4.02% compounded quarterly, if he wants to receive $3,750 at the end of every 6 months for the next 3 years?
How much money should Ali invest today into a fund that earns interest at 3.25% compounded...
How much money should Ali invest today into a fund that earns interest at 3.25% compounded quarterly, if he wants to receive $7,750 at the end of every 6 months for the next 4 years?
How much money should Sophie invest today into a fund that earns interest at 3.25% compounded...
How much money should Sophie invest today into a fund that earns interest at 3.25% compounded quarterly, if she wants to receive $5,000 at the end of every 6 months for the next 5 years? (the answer is not 47836.37)
Q1. Your firm decides to begin to fund a retirement pension for a new employee. The...
Q1. Your firm decides to begin to fund a retirement pension for a new employee. The details of the pension plan are as follows: The employee is 30 years old; the pension fund will begin to make annual payments to the employee 20 years from the date when funding for the pension begins. When payments begin, the employee will receive quarterly payment for 15 years. The first quarterly payment will be $ 20,000, and each succeeding payment will grow by...
10. You manage a pension fund. The fund promises to pay out $10 million in 5...
10. You manage a pension fund. The fund promises to pay out $10 million in 5 years. You buy $7472582 worth of par-value bonds that pay 6% annually and mature in 8 years. 5 years from now, when you need to pay your pensioners, the market rate on same-risk bonds is 8.1%. Assume that 5 years from now, the coupon payments that you have reinvested over the life of the fund are worth a total of $2561683. Five years from...
1. Allen Paige is planning to invest $10,000 in a bank certificate of deposit (CD) for...
1. Allen Paige is planning to invest $10,000 in a bank certificate of deposit (CD) for five years. The CD will pay interest of 9 percent compounded annually. What is the future value of Allen’s investment? How much would that investment be if Allen received simple interest only instead of compounded interest? 2. Mary Grace expects to need $50,000 for a down payment on a house in six years. How much would she have to invest today in an account...
(1 point) How much do you need to invest monthly into an ordinary annuity earning an...
(1 point) How much do you need to invest monthly into an ordinary annuity earning an annual interest rate of 4.58% compounded monthly so that you will have $12,555.00 after 4 years? (Note: Your answer is a dollar amount and should include a dollar sign)
(5 points) How much do you need to invest in an account earning an annual interest...
(5 points) How much do you need to invest in an account earning an annual interest rate of 5.904% compounded weekly, so that your money will grow to $7,120.00 in 43 weeks? The amount you need to invest is (Note: Your answers should include a dollar sign and be accurate to two decimal places)
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]...
please help to do 6 8 9 thank u soooo much
6. If you invest $4700 into an account that pays 4.3% interest rate compounded continuously, find (a) the future value after 9 years, (b) the effective rate, and (c) the time to reach $10,000. Round all values to the nearest hundredth. 7. June made an initial deposit of $ 2100 in an account for her son. Assuming an interest rate of 2% compounded quarterly, how much will the account...
(1 point) How much do you need to invest monthly into an ordinary annuity earning an annual interest rate of 4.58% compounded monthly so that you will have $12,555.00 after 4 years? (Note: Your answer is a dollar amount and should include a dollar sign)
(5 points) How much do you need to invest in an account earning an annual interest rate of 5.904% compounded weekly, so that your money will grow to $7,120.00 in 43 weeks? The amount you need to invest is (Note: Your answers should include a dollar sign and be accurate to two decimal places)
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]...
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