aak,3 QuestionAn amount of $14951 is deposited into a fund that earns a nominal annual rate of interest is 4.4% compounded quarterly. The fund will beused to make quarterly payments of $600 at the end of every 3 months for as long as possible. A smaller payment X is to be paid along thelast regular payment to completely deplete the fund.Compute the amount of the payment X.Possible AnswersA 168.12B 165.23с 123.45Ꭰ 134.67E 459.15

Future value refers to the compounded value of all cash flows till the maturity at a given interest…

Answered: Question An amount of $14951 is…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)$ Amount Needed A Frequency n Rate r Time t $45,000 monthly 9% 20 yr
Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations. Round your answer to the nearest cent.) Frequency of payment Payment amount end of each Required Interest Length of time amount rate period 24,700 Quarterly 5 years 8% acer %24
Find the amount of periodic payment necessary for the deposit to a sinking fund. Amount Needed A $120,000 Frequency n quarterly Rate r 8% Time t 25 yr
For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed to amount to the financial objective (future value of the annuity). (Round your answer to the nearest cent.) Sinking Fund Payment Payment Frequency Time Periods (years) Nominal Rate (%) Interest Compounded Future Value (Objective) $______ every year 14 8 annually $350,000
For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed to amount to the financial objective (future value of the annuity). (Round your answer to the nearest cent.) Sinking FundPayment PaymentFrequency Time Period(years) NominalRate (%) InterestCompounded Future Value(Objective) $ every year 14 8 annually $450,000 TABLE 12:1is attached
Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) $ Need Help? Submit Answer Amount Needed A $85,000 Read It Frequency n quarterly Rate 1.3% Time t 9 yr
Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. $22,000; money earns 5% compounded semiannually for 16 y years $456.90 $418.15 $243.49 O $436.91
Using the sinking fund formula or a financial calculator, complete the following: (Do m answer to the nearest cent.) $ Required amount 24,900 Frequency of payment Quarterly Length of time 7 years Interest rate 8 % Payment amount end of each period
Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. Round answer to the nearest cent.1 $79,000; money earns 6% compounded semiannually for 13 years 2A. $1,335.44B. $1,940.57OC. $982.92OD. $1,152.81
$150,000 is deposited in a fund that pays 5% annual compound interest for 2 years, 3% annual compound interest for 2 years, and 4% annual compound interest for 2 years. If uniform annual withdrawals occur over the 6-year period, what will be the magnitude of the annual withdrawals? a. $27,689.63b. $28,614.29 c. $28,804.50 d. $29,552.62
Using the sinking fund Table 13.3, complete the following: (Do not round intermediate calculations. Round your answer to the nearest cent.) Required amount - 25,700 Frequency of payment - Quarterly Length of time - 5 years Interest rate 8% Payment amount end of each period -
A fund is created by making equal monthly deposits of P4,000 at 9% converted monthly for half a year. Find the following: 1. the sum after half a year2. periodic depositChoices a. 0.75b. 0.0075c. 6d. 1/2e. P24, 454.53f. P16, 180.90g. P4,000.00

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