Yarianny wants to withdraw $25199 annually starting today for the next 20 years and will increase the withdrawals by 3.5% each year. If the annuity can earn 6% compounded semi-annually, how much money needs to be invested in the fund today? Select the closest answer choice. Select one: Qa. $402571.57
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- Amount of an Annuity John Goodheart wishes to provide for 6 annual withdrawals of 3,000 each beginning January 1, 2029. He wishes to make 10 annual deposits beginning January 1, 2019, with the last deposit to be made on January 1, 2028. Required: If the fund earns interest compounded annually at 10%, how much is each of the 10 deposits?Ms Oksana Doe has just inherited an investment account worth $2,800,000 from her grandparents. The fund earns an annual interest rate of 6%. She plans to make uniform annual withdrawals from the account over the next 25 years. Answer the following two questions: 1. How much will each annual withdrawal be? OA. $223,160 OB. $47,320 OC. $50,960 OD. $232,120 OE. $218,960 2. What will be the balance in the account immediately after making the 8th annual withdrawal? OA. $1,359,698 OB. $1,048,320 OC. $2,294,110 O D. $2,431,991A family wants to have a $130,000 college fund for their children at the end of 17 years. What contribution must be made at the end of each quarter if their investment pays 7.3%, compounded quarterly? (a) State whether the problem relates to an ordinary annuity or an annuity due. ordinary annuity annuity due (b) Solve the problem. (Round your answer to the nearest cent.) $ 7
- ? You would like to have enough money saved to receive a $53,000 per year perpetuity after retirement. How much would you need to have saved in your retirement fund to achieve this goal? Assume that the perpetuity payments start on the day of your retirement. The annual interest rate is 8 percent. O -00 Multiple Choice $715,500 $1,060,000 $530,000Directions: Determine whether each of the following situation is Simply Annuity or General Annuity. Write your answers on the space provided. 1. A life insurance contribution paid monthly while the interest is compounded quarterly. 2. Your mom decided to join their office cooperative and agreed to contribute P1000 per month beginning in January 2020 which will earn 3% compounded monthly. 3. Your parents are planning to save for their retirement. To do this, they want to set aside a portion of their salaries and contribute monthly for their retirement funds which will earn 5% compounded quarterly. 4. Your eldest brother applied for a term life insurance. His contribution per year is P40 000 that earns 12% compounded monthly for 20 years. 5. A college educational plan earns 4% compounded quarterly and payments are made quarterly. 6. Your eldest brother applied for a term life insurance. His contribution per year is P40 000 that earns 12% compounded monthly for 20 years. 7. A college…Bud Lime has $368,882 accumulated in a retirement account. The fund is earning a low, but safe, 3% per year. Bud Lime plans to take annual withdraws starting today. Assuming each withdrawal is for $30,000; how many annual payments will Bud Lime receive before the fund is depleted? Group of answer choices 15 16 14 12.3
- Bud Lime has $368,882 accumulated in a retirement account. The fund is earning alow, but safe, 3% per year. Bud Lime plans to take annual withdraws starting today. Assuming each withdrawal is for $30,000; how many annual payments will Bud Limereceive before the fund is depleted? 15 16 14 12.3Kate Rose is setting up an annuity for a memorial scholarship. What lump sum does she need to set aside today at 7% annual interest to have the scholarship pay $3,000 annually for 10 years? E Click the icon to view the table. Today she needs to set aside $ (Round to the nearest cent as needed.)Kate Rose is setting up an annuity for a memorial scholarship. What lump sum does she need to set aside today at 7% annual interest to have the scholarship pay $2,500 annually for 10 years? | Click the icon to view the table. Today she needs to set aside S. (Round to the nearest cent as needed.)
- Provide manual solutions for below mentioned problems. A social worker deposits a uniform amount of P12,000 at the end of each year in order to get a lump sum of money by the time she will retire at the end of 20 years. If the compound amount factor for this annuity is equal to 36.78559. 1. Compute the nominal interest rate.2. Determine how much will she receive at the end of 20 years.3. Determine the worth of the sinking fund factor in this fund invested. Answer. 1. 6% 2. P441,427.08 3. 0.027184557Morgan has $500,000 accumulated in her RRSP and intends to use the amount to purchase a 20-year annuity. She is investigating the size of annuity payment she can expect to receive, depending on the rate of return earned by the undistributed funds. What nominal rate of return must the funds earn for the monthly payment to be: a. $3000? b. $3500? c. $4000You would like to have enough money saved to receive a $90,000 per year perpetuity after retirement. The annual interest rate is 8 percent. Required: How much would you need to have saved in your retirement fund to achieve this goal? a) Assume that the perpetuity payments start on the day of your retirement. b) Assume that the perpetuity payments start one year from the date of your retirement.
