A company plans to make four annual deposits of $4,500 each to a special building fund....
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A company plans to make four annual deposits of $4,500 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $4,500 annual deposit are made at the end of each of the four years and interest is compounded annually. 2. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $4,500 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 First deposit Second deposit Third deposit Fourth deposit The $4,500 annual deposits are made at the beginning of each of the four years and interest is compounded quarterly Note: Round your final answers to nearest whole dollar amount. j= 12% X 12% X 12% X 12% X n= 4 X $ 8 X 12 x 16 X Deposit 4,500 4.500 4,500 4,500 Answer is not complete. Required 4 $ $ Fund Balance 5,065 X 13,691 X 18,756 A company plans to make our annual deposits vi p4,900 Caio a special building runu. Te funds assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $4,500 annual deposit are made at the end of each of the four years and interest is compounded annually. 2. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $4,500 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. $ Complete this question by entering your answers in the tabs below. Required 1 Deposit Amount Required 2 4,500 The $4,500 annual deposits are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. Required 3 Number of Payments X Answer is not complete. Interest left in Fund Required 4 Fund Balance < Required 3 Required 4 > A company plans to make four annual deposits of $4,500 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $4,500 annual deposit are made at the end of each of the four years and interest is compounded annually. 2. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $4,500 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 First deposit Second deposit Third deposit Fourth deposit The $4,500 annual deposits are made at the beginning of each of the four years and interest is compounded quarterly Note: Round your final answers to nearest whole dollar amount. j= 12% X 12% X 12% X 12% X n= 4 X $ 8 X 12 x 16 X Deposit 4,500 4.500 4,500 4,500 Answer is not complete. Required 4 $ $ Fund Balance 5,065 X 13,691 X 18,756 A company plans to make our annual deposits vi p4,900 Caio a special building runu. Te funds assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $4,500 annual deposit are made at the end of each of the four years and interest is compounded annually. 2. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $4,500 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $4,500 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. $ Complete this question by entering your answers in the tabs below. Required 1 Deposit Amount Required 2 4,500 The $4,500 annual deposits are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. Required 3 Number of Payments X Answer is not complete. Interest left in Fund Required 4 Fund Balance < Required 3 Required 4 >
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Here AnnualDeposit is 4500 Time Period is 4 years Inter... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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