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?
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- K Suppose someone wants to accumulate $65,000 for a college fund over the next 15 years. Determine whether the following investment plans will allow the person to reach the goal. Assume the compounding and payment periods are the same. The person deposits $55 per month into an account with an APR of 7%. ... Will the person meet the goal? Select the correct choice below and fill in the answer box to complete your choice. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) O A. No, because the amount that will be in the college fund, $ is less than the goal of $65,000. OB. Yes, because the amount that will be in the college fund, $ is more than the goal of $65,000. 3Aronscript Suppose someone wants to accumulate $50,000 for a college fund over the next 15 years. Determine whether the following investment plans will allow the person to reach the goal. Assume the compounding and payment periods are the same. The person deposits $140 per month into an account with an APR of 6% Will the person meet the goal? Select the correct choice below and fill in the answer box to complete your choice (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) is less than the goal of $50,000. A. No, because the amount that will be in the college fund, $ OB. Yes, because the amount that will be in the college fund, S is more than the goal of $50,000Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) Amount Needed Frequency Rate Time $45,000 monthly 4% 35 yr Need Help? Read It Master It Talk to a Tutor
- TIME VALUE OF MONEY ANALYSIS You have applied for a job with a local bank. As part of its evaluation process, you must take an examination on time value of money analysis covering the following questions: a. Draw time lines for (1) a $100 lump sum cash flow at the end of Year 2:01an ordinary annuity of $100 per year for 3 years; and (3) an uneven cas Graphical user interface, text, application $50 at the end of Years 0 through 3. b. (1) What's the future value of $ al compounding? (2) What's the prosent value of $ Description automatically generated strate is 10%, annual compounding? C. d. e. What annual interest rate would cause $100 to grow to $125.97 in 3 years? If a company's sales are growing at a rate of 20% annually, how long will it take sales to double? What's the difference between an ordinary annuity and an annuity due? What type of annuity is shown here? How would you change it to the other type of annuity? 1 0 ㅏ 2 + $100 0 3 1 $100 $100 f. (1) What is the future value of a…Suppose someone wants to accumulate $55,000 for a college fund over the next 15 years. Determine whether the following investment plans will allow the person to reach the goal. Assume the compounding and payment periods are the same. The person deposits $60 per month into an account with an APR of 7%. Will the person meet the goal? Select the correct choice below and fill in the answer box to complete your choice. A. No, because the amount that will be in the college fund, $enter your response here, is less than the goal of $55,000. B. Yes, because the amount that will be in the college fund, $enter your response here, is more than the goal of $55,000.ENGINEERING ECONOMY UPVOTE WILL BE GIVEN. PLEASE WRITE THE COMPLETE SOLUTIONS LEGIBLE. FOLLOW THE INSTRUCTIONS CAREFULLY. Draw CASH FLOW DIAGRAMS for the GIVEN AND REQUIRED/FIND. Begins the solutions by writing the equations/formulas. Use 2 decimal places and Box the final answer. Five friends plan to establish a consulting firm after 5 years. The plan is for each to make semi-annual deposits of P15,000 in their respective bank accounts starting at the end of the first semester after the agreement up to the 5th year. All deposits are to be made every end of the periods. One of them is not capable of starting at the same time with everyone because of a present obligation but promised to start her deposits by the end of the first semester after the second year until the 5th year. How much should she deposit in equal amounts to save as much as each of her friends if money is worth 14% compounded semi-annually?
- If you have $10,000 that you want to save for 3 years, which of the following banks would you choose to save the money? Bank A pays 6% per year Bank B pays 3% every six months Bank C pays 9% every 18 months per month Bank D pays 0.4% Show calculation steps and explain your decision. ● ● ●A. Choose the letter of the correct answer and write it on the space provided. 1. To save for her high school graduation, Mary decided to save P200 at the end of each month. If the bank pays 0250% compounded monthly, how much will be her money by the end of 6 years? A. P12,507.02 B. P13,507.02 2. How much should be invested in a fund each year paying 2% compounded annually to accumulate P100,000.00 for 5 years? A. P19,215.84 B. P20,215.84 3. What is the present value of a semi-annual payments of P8,000 at the end each term for 12 years with interest rate of 12% compounded quarterly? A. P96,573.25 4. A teacher saves P5,000 every 6 months in a bank that pays 0.25% compounded monthly. How much will be her savings after 10 years? A. P101,197.06 B. P102,197.06 5. What is the present value of P5,000 payable semi-annually for 10 years if money is worth 9% compounded annually? A. P64,589.25 C. P14,507.02 D. P15,507.02 C. P21,215.84 D. P22,215.84 B. P97,573.25 C. P98,573.25 D. P99,573.25 C.…Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) Amount Needed Frequency Rate Time A $120,000 quarterly 9% 25 yr Need Help? Read It Talk to a Tutor
- Assume that you are nearing graduation and have applied for a job with a local bank. As part of the bank's evaluation process, you have been asked to take an examination that covers several financial analysis techniques. The first section of the test addresses time value of money analysis. See how you would do by answering the following questions. Draw time lines for (a) a $2000 lump sum cash flow at the end of year 4, (b) an ordinary annuity of $1000 per year for 5 years, and (c) an uneven cash flow stream of -$450, $1000, $650, $850 and $500 at the end of years 0 through 4. What is the future value of an initial $1000 after 5 years if it is invested in an account paying 5% annual interest? What is the present value of $1000 to be received in 4 years if the appropriate interest rate is 5%? We sometimes need to find out how long it will take a sum of money (or anything else) to grow to some specified amount. For example, if a company's sales for 2020 is $1000 and expected to grow…4. Suppose you make an annual contribution of BD300 each year to a college education fund for a niece. She is 4 years old now, and you will start next year and make the last deposit when she is 18. The fund is a money market account earning 6.5%/year. What will it be worth immediately after the last deposit? You may also set up spreadsheet solution AGE Beginning Balance Ending Balance Deposit InterestFormulate a system of equations for the situation below and solve.Michael Perez deposited a total of $2000 with two savings institutions. Bank A pays interest at the rate of 6%/year, whereas Bank B pays interest at the rate of 8%/year. If Michael earned a total of $128 in interest during a single year, how much did he deposit in each institution? Bank A $___ Bank B $___