A School will need several new commercial printers in 2 years and the Dean wants to make end-of-quarter payments now toward that goal. He estimates that the equipment will cost $60,000. If funds earn 6% compounded quarterly, how much should the Dean invest to accumulate the needed amount?

Your employer deposits $1200 at the end of each quarter into your retirement account. You then choose to put the money into a fund that invests in real estate mortgages that has historically paid 8% compounded quarterly. Find the amount of the annuity in 15 years, assuming the yield remains constant.

The Fergusons want to purchase their first home and need $14,300 for a down payment. They can save $1,025 per quarter. If they deposit this amount in an account paying 3% interest compounded quarterly, how long will it be before they can purchase a home? (Solution should be entered in years accurate to the hundredths decimal place).

A new client comes into an investment office. She is looking to invest money into an IRA. She has determined that she wants to retire at age 68 and be able to withdraw $3500 a month from her IRA for the next 25 years. The IRA at that time will return 4% interest. If she is 33 years old right now and the IRA she wants to invest in can return 11% interest until she retires, how much should she begin paying each month?

A company invests $4000 a quarter for 5 years at 12% interest. At the end of that time, it moves the final value into a different investment, which it then adds $330 a month for the next 5 years—this time at 10% interest. How much does it have at the end of 10 years?

Answer rating: 100% (QA)

Solutions to your financial problems 1 School Printers This problem can be solved using the future value formula with periodic compounding FV P1 rnnt ... View the full answer