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Josh is receiving 25,000.00 pesos from his grandfather yearly and has decided to invest it next year to a fund manager with an average 12%
a. How much will Josh received in 7th year if he plans to add 5,000.00 pesos per year on the succeeding years?
b. How much rate should he add in his yearly savings to have 200,000.00 pesos in the 5th year?
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- Donald will receive $450,000 from his trust fund in 20 years from today. He assumes he could get a return of 6% on his own until then. How much is his trust fund payment worth in today's dollars?Your grandparents would like to establish a trust fund that would pay annual payments to you and your heirs of $100,000 a year forever. How much do your parents need to deposit into this trust fund today to achieve their goal if the fund can earn 6% interest?Roger decides to start an investment account by depositing $5,000 today. In one year he will invest $500. He plans to make annual investments that increase by $100 each year ($600 in year two, $700 in year three, etc.). If he earns 9% on his investment, what will his account be worth 6 years from today, assuming he compounds annually
- This is a personal finance question: If Pete has $1,000 and invests it into a mutual fund that returns 10%, what will be his Future Value in 3 years if the investment compounds annually?Mr. Blochirt is creating a college investment fund for his daughter. He will put in $850 per year for the next 10 years and expects to earn an 8% annual rate of return. How much money will his daughter have when she starts college?Mr. Wise is creating a college investment fund for his daughter. He will put in P850 per year for the next 15 years and expects to earn an 8% annual rate of return. How much money will his daughter have when she starts college? * P12,750 P23,079 P11,250 P24,003 P12,263
- Your parents placed $240,000 in a trust fund for you. In 15 years, what will be the worth of the savings. If the estimated rate of return on the trust fund is 10%?<You would like your child who was bom today to be a millionaire eventually. To that end, you deposit $9,000 in an investment account that earns an average annual rate of return of 10.5%. The money in the account will be distributed to your son whenever the total reaches $1,000,000. How old will your son be when he gets the money (rounded to the nearest year)? O 47 years O 48 years O 46 years O 49 years.Suzette is receiving $10,000 today, $15,000 one year from today, and $25,000 four years from today. She will immediately invest these funds for retirement. If she earns 9.6 percent on her investments, how much will she have in savings 30 years from today?
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