Personal FInance Unit 3 Milestone

For 14 years, Janet saved $800 at the beginning of every month in a fund that earned 5.15% compounded annually. a. What was the balance in the fund at the end of the period? Round to the nearest cent b. What was the total amount of interest earned over the period? Round to the nearest cent Don't use excel.

Raj deposits 25 into a fund at the end of each month for 2 years. The total amount of interest earned by the fund during the last month of year 2 is 5. Calculate the accumulated amount in Raj's account at the end of year 2. (A) $ 670 (B) $ 655 (C) $ 650 (D) $ 660 (E) $ 664

A couple is saving for a downpayment on a mortage. The need $50,000 at the end of 4 years and so they make annual payments into an account, starting at the end of the first year. The account earns i (1) = 5%. Make a sinking fund schedule for this account.

The Barstool Fund just provided the owner of ‘Gaetano’s Tavern’ a 5  year ‘pandemic assistance’ loan. What is the APR of this $32,000 loan given that Mr. Gaetano must make monthly payments to the Barstool Fund of $615.13?

The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes. When you need to convert between weeks and months, assume that 1 month = 4 weeks. Income Part-time job: $800/month College fund from grandparents: $350/month Scholarship: $6600/year The net monthly cash flow is $ (Round to the nearest dollar as needed.) Expenses Rent: $500/month Groceries: $50/week Tuition and fees: $3600 twice a year Incidentals: $90/week

Chelsea invested the profit of his business in an investment fund that was earning 2.50% compounded monthly. In 4 years, he began withdrawing $3,000 from this fund at the end of every 6 months. If the money in the fund lasted for the next 6 years, how much money did he initially invest in the fund? Please include a well-labelled timeline diagram. Full solutions should be shown on separate sheets of paper. Submit your solutions. $ Round to the nearest cent

For 9 years, Janet saved $500 at the beginning of every month in a fund that earned 4.5% compounded annually. a. What was the balance in the fund at the end of the period?   Round to the nearest cent b. What was the amount of interest earned over the period?   Round to the nearest cent

Kristen invested the profit of her business in an investment fund that was earning 3.25% compounded monthly. In 5 years, she began withdrawing $4,500 from this fund at the end of every 6 months. If the money in the fund lasted for the next 4 years, how much money did she initially invest in the fund? Please include a well-labelled timeline diagram. Full solutions should be shown on separate sheets of paper. Submit solutions. $ Round to the nearest cent your

(b) Daniel deposits $5,000 into a fund at the end of each month in the coming five years. The fund earns 6% p.a. compounded monthly. (i) Calculate the amount in the fund at the end of the fifth year. (ii) Starting from the sixth year, $X is deducted from the fund for donation to charity at the end of each month continuing forever. Find X.

Annabelle, a busy professional, is seeking a way to invest a fixed amount of her monthly salary into an actively-managed investment fund. She has indicated she has a surplus $500 per month to invest. Which investor service would be suitable for her?   A.Automatic investment plan of $500 per month B.Automatic withdrawal plan of $500 per month C.$500 conversion privilege D.Regular withdrawal plan of $500 per month

PERFORMANCE TASK NO. 4 Solve the following problems completely. Read and understand the situation below, then answer the question or perform the tasks that follow. 1. A group of college students decided to invest the money they earned from the fund-raising project. After 6 months from today, they want to withdraw from this fund P 10,000.00 quarterly for 1 year to fund for community service. How much is the present total deposit if the interest rate is 4% converted quarterly? 2. A company offers a deferred payment option for the purchase of any furniture. Gladys plans to buy a dining table set with a monthly payment ofP 4,000.00 for 2 years. The payment will start at the end of 3 months. How much is the cash price of the dining set if the company will give 10% compounded monthly?

deposited $11,500 into a fund at the beginning of every quarter for 15 years. She then stopped making deposits into the fund and allowed the investment to grow for 4 more years. The fund was growing at 2.69% compounded monthly. a. What was the accumulated value of the fund at the end of year 15? b. What was the accumulated value of the fund at the end of year 19? c. What is the total amount of interest earned over the 19-year period?

How much money should a grandparent deposit in a college savings fund today for their newborn grandchild in order to provide for 4 uniform annual end of period withdrawals of $20,000 each? The first withdrawal occurs at the end of the 17th year. Use average amount return for the fund = 12%   a. $8,847   b. $9,909   c. $11,098   d. $12, 418   Please use excel and show formulas.

Jack Walter recognizes the value of saving part of his income. He has set a goal to have $15,000 in cash available for emergencies. Assume he invests semiannually to have $15,000 in five years and the sinking fund he has selected pays 8% annually, compounded semiannually. Find the total interest earned on the sinking fund using the given table. E Click the icon to view the table. The total interest earned will be S . (Round to the nearest cent as needed.)

On January 1, 2005, a person’s savings account was worth $200,000. Every month thereafter, this person makes a cash contribution of $676 to the account. If the fund is expected to be worth $400,000 on January 1, 2010, what annual rate of interest is being earned on this fund?

The following transactions occurred during the year. Record these transactions. HHL took out a long-term loan for $3 million. b. HHL purchased $1 million in inventory with cash. HHL purchased equipment that cost $150,000 on account. The equipment is expected to last 15 years and has no salvage value. $540,865,000 (net of allowances and charity care) was billed for patient services. The hospital estimates that 5% of these bills will be bad debt. $875,000 of inventory was used. f. Donations of $400,000 were received in cash. HHL pays in cash for a 2-year malpractice insurance premium at a cost of $5 million. One-half of the premium is for next year, and the other is for the following year. HHL pays $12,560,000 in accounts payable. HHL workers earned $259 million in wages for the year. The hospital paid out $282 million in cash. It also paid out $60 million in benefits, all in cash. The equipment purchased in transaction c was paid for in cash. $370,500,000 from bills sent to patients…

For 13 years, Janet saved $250 at the beginning of every month in a fund that earned 4.5% compounded annually. a. What was the balance in the fund at the end of the period? b. What was the amount of interest earned over the period?

Jennifer Pontesso, from Lincoln, Nebraska, wants to better understand her financial situation. Use the following balance sheet and cash flow statement information to determine her net worth and her net surplus for a recent month. Liquid assets: $10,000; home value: $210,000; monthly mortgage payment: $1,300 on $170,000 mortgage; investment assets: $90,000; personal property: $20,000; total assets: $330,000; short term debt: $5,500 ($250 a month); total debt: $175,500; monthy gross income: $9,000; monthly disposable income: $6,800; monthly expenses: $6,000.

Jennifer Pontesso, from Lincoln, Nebraska, wants to better understand her financial situation. Use the following balance sheet and cash flow statement information to determine her net worth and her net surplus for a recent month. Liquid assets: $15,000; home value: $200,000; monthly mortgage payment: $1,400 on $160,000 mortgage; investment assets: $100,000; personal property: $22,000; total assets: $337,000; short-term debt: $3,480 ($290 a month); total debt: $163,480; monthly gross income: $13,000; monthly disposable income: $6,200; monthly expenses: $7,000. Round your answers to the nearest dollar.

Below is a savings plan for Adrienne. Use this table to answer the questions below.# of Months Saving Account Balance2 $856 $1059 $12014 $14518 $16513. How much money will Adrienne have saved in 24 months? 11 months?

For 22 years, Janet saved $250 at the beginning of every month in a fund that earned 4.25% compounded annually. a. What was the balance in the fund at the end of the period?   Round to the nearest cent b. What was the amount of interest earned over the period?

Sarah deposited $26,500 into a fund at the beginning of every quarter for 16 years. He then stopped making deposits into the fund and allowed the investment to grow for 4 more years. The fund was growing at 4.89% compounded monthly. a. What was the accumulated value of the fund at the end of year 16? b. What was the accumulated value of the fund at the end of year 20? c. What is the total amount of interest earned over the 20-year period? Please use algebra with detials

Paige invested the profit of her business in an investment fund that was earning 3.75% compounded monthly. She began withdrawing $4,000 from this fund every 6 months, with the first withdrawal in 5 years. If the money in the fund lasted for the next 3 years, how much money did she initially invest in the fund? $0.00 Round to the nearest cent 4

please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)   A trust fund for a 8-year-old grandchild is being set up by her grandfather. The objective of the grandfather is to have $100,000 when she is 18, that is after 10 years. The grandfather is investing a fixed amount at the end of each quarter. If the fund earns APR of 8.25%, how much money should be invested into the fund at every quarter end? $_______________ (calculate to cents)

Answer question 2 only. If need be you can used data from question a   1. Amy made semiannual deposits of $3,100 at the beginning of every every six months into a fund earning 6.8% compounded semiannually for nine years. No further deposits were made.    a. How much will be in the account 15 years after the first deposit? _____________        b. How much in total was deposited? ______________ c. How much interest will Amy earn? _____________ 2. What is the principal invested at 4.75% compounded semiannually from which monthly withdrawals of $240 can be made at the beginning of each month for 15 years? _________________

22. If a hospital received $15,000 in payments per year at the end of each year for the next six years from an uninsured patient who underwent an expensive operation, what would be the current value of these collection payments: a. At a 3 percent rate of return? b. At a 6 percent rate of return? If the funds were received at the beginning of the year, what would be the current value of these collection payments for each of the two rates of return?

Shane contributed $2,250 at the end of every 3 months into an RRSP fund earning 2.41% compounded quarterly for 11 years. a. What is the future value of the fund at the end of 11 years? b. What is the amount of interest earned over this period?

Nathan withdraws $5,034.00 at the beginning of every month from a $37,500.00 fund which is growing at 3.84% compounded monthly. a. Calculate the number of monthly withdrawals that he can make, rounded down to include only whole $5,034.00 withdrawals.   b. For how long can these withdrawals be made? Express your answer in years and months, rounding to the nearest month. years   months       A $299,500.00 loan is to be repaid by monthly payments of $17,550.00. If the interest rate on the loan is 6.70% compounded semi-annually, what is the term of the loan? Round your answer to 2 decimal places. years

A father has saved a fund to provide for his son's 4-year university program. The fund will pay $6310 at the end of each months for 6 months (the begin on September), plus an extra $9400 each September 1st, for 4 years. If j, = 11.34 %, what is the value of the fund on the first day of university (before any withdrawals)? %3D Answer: 68692.54

A parent on the day the child is born wishes to determine what lump sum would have to be paid into an account annually, in order to withdraw Php 20,000 each on the child’s 18th, 19th, 20th and 21st birthdays. Use 4% Show complete solution.

4. Kelly deposited $10,500 into a fund at the beginning of every quarter for 13 years. He then stopped making deposits into the fund and allowed the investment to grow for 4 more years. The fund was growing at 3.50% compounded monthly. a. What was the accumulated value of the fund at the end of year 13? b. What was the accumulated value of the fund at the end of year 17? c. What is the total amount of interest earned over the 17-year period? keep all the decimals for all the procedures, DO NOT ROUND

klp.1   RESP with deposited $150 into a fund at the beginning of every quarter for 12 years. She then stopped making deposits into the fund and allowed the investment to grow for 4 more years. The fund was growing at 3.20% compounded quarterly. (50 points) a. What was the accumulated value of the fund at the end of year 12? b. How much can the son withdraw at the beginning of every six-month period for the four years that he is in college?

A financial adviser is reviewing one of her client's accounts. The client has been investing $1,000 at the end of every quarter for the past II years in a fund that has averaged 7.3% compounded quarterly. Using a cash flow diagram, how much money does the client have in his account?

Help me please

Amanda invested the profit of her business in an investment fund that was earning 3.25% compounded monthly. She began withdrawing $3,500 from this fund every 6 months, with the first withdrawal in 4 years. If the money in the fund lasted for the next 7 years, how much money did she initially invest in the fund? $ Round to the nearest cent X