Current Attempt in ProgressPearl Medavoy will invest $7.680 a year for 20 years in a fund that will earn 4% annual interest.Click here to view factor tablesIf the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end,what amount will be in the fund in 20 years? (Round factor volues to 5 decimal places, e.g. 1.25124 and final answers to Odecimal places, e.g. 458.581.)First payment todaySFirst payment at year-endi $Save For LaterAttempts: 0 of 1 used Submit Answer

Future value can be calculated usingFV (rate, nper, pmt, [Pv], [type])Rate The interest rateNper…

Answered: Pearl Medavoy will invest $7.680 a year…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 16P

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Similar questions

How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one year and the rate is 10%?
Cargojet Corp. is preparing for the replacement of one of its jets in three years by making payments to a sinking fund at the beginning of every six months for the next three years. The fund earns 6% compounded semiannually, and the capital required in three years is $750,000. What is the size of the semiannual payment made to the sinking fund? __________ How much of the maturity value of the fund will be interest? __________ Construct a partial sinking fund schedule showing details of the first two and the last two payments and totals. Round the sinking fund payments, interest payments and increases in the fund to the nearest dollar.
If P20,000 is invested in a fund that pays 10% compounded annually, how much money will be in the fund after 3 years? Accumulate P30,000 for 3 years and 6 months at 16% compounded semiannually. What is the compound amount after you invest P22,350 for 5 years and 6 months at 5% compounded semiannually? What is the (a) present value and (b) compound interest earned for 3 years and 9 months of P84,500 that is compounded quarterly at 20% interest? Find the nominal rate which when compounded semiannually and applied to a P50,000 principal will earn an interest of P5,000 after 60 months. In how many months will P10,000 earn a compound interest of P2,000 if money is worth 12% compounded monthly? What effective rate is the equivalent to 15% compounded annually?
Current Attempt in Progress Morgan Newman will invest $9,280 today in a fund that earns 12% annual interest. Click here to view factor tables How many years will it take for the fund to grow to $50,795? Years
You are considering investing $1,000 in an investment fund at the end of every quarter for the next 6 years. The first investment will be made at the end of the coming quarter. The fund is expected to earn an interest rate of 10% p.a., with interest compounded quarterly. At the end of 6 years, the total dollar value in this investment fund will be closest to: Group of answer choices A.$6,388. B. $7,716. C. $32,349. D. $40,000.
Sally Medavoy will invest $8,000 a year for 20 years in a fund that will earn 6% annual interest. If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If the first payment occurs at year-end, what amount will be in the fund in 20 years?
What is the future value of an investment of $1,000 paid every year for five (5) years when the funds are invested at the end of the year at a rate of 5.0%? Please provide the proper key strokes for the BA2Plus and the Qualifier Plus IIIfx please. Thank you!
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