ndep 19043486 tight equal deposits of $1412 are made into a fund paying 6% year
ID: 1141899 • Letter: N
Question
ndep 19043486 tight equal deposits of $1412 are made into a fund paying 6% year a. What is the present worth 1 year before the first deposit? s 2298.6X b. What is the future value on the day of the lest deposit? c. What is the future worth three years after the last deposit? How much money can be withdrawn at the end of an investment period r . $4249 is invested at the end of each or years at 9%/year comeounded annually, with the hmo sum then shifted to an neesment payng 9.0-year for an seeness years? $ b. $92ao is invested at the end of each of 10 years at 10%Year compounded annually, with the lurmp sun, then shifted to an mestment payng 4y-near an adta years? c.16560 is rvested at the end of each of 5 years at 11%/year compounded annany, with the hmp sum then shifted to an ryvestment peyng 9.6%Year rer an addmona's years? s . The depan ta 5000 rnd hreate by S1000 each year. How end of years 1 to 7 into an accovnt paying 11.0%/w compounded annualy Deposits are made at the much will be in the account after the last depost? s Sally Saverite deposits $5273 in an account on her 26th birthday. Each year after that she deposits s the account imediatly after the 35th deposit is made if 0 more. uang a roient enes icior determine 88Explanation / Answer
(3)
(a) Present worth 1 years before first deposit ($) = [1412 x P/A(6%, 8)] x P/F(6%, 1)
= (1412 x 6.2098**) / 0.9434**
= 9294.29
(b) Future value on day of last deposit ($) = 1412 x F/A(6%, 8) = 1412 x 9.8975** = 13975.27
(c) Future worth after another 3 years ($) = 13975.27 x F/P(6%, 3) = 13975.27 x 1.1910** = 16644.77
**From P/A, P/F, F/A and F/P Factor tables
NOTE: As per Answering Policy, 1st question has been anwered.
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