Question: please i need the correct answer this is really important to me Jared's retirement fund has an accumulated amount of $50,000. If it has been

please i need the correct answer this is really important to me

Jared's retirement fund has an accumulated amount of $50,000. If it has been earning interest at 5.16% compounded monthly for the past 15 years, calculate the size of the equal payments that he deposited at the beginning of every 3 months. Round to the nearest cent

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

a.You invested $8,500 at the end of each half-year for 6 years in an investment fund. At the end of year 6, if the balance in the fund was $118,000, what was the nominal interest rate compounded...

i need help from section 3 part A I have already posted this and you asked me to post under advanced option Assignment Tier 1 Financial Planning (Tier1FPPA_AS_v1A3) Page 2 of 92 Student...

Im having trouble with question 3 part A of the attached file. I know and understand her needs but im not sure if im filling out the table correctly ? Assignment Tier 1 Financial Planning...

Prepare a Statement of Advice (SOA) for the Martins interviewed for Assignment 1. The case study information is attached as a picture at the bottom of the page. As this assignment is to be a SOA for...

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

i need a tutor to help me finish the financial planning assignment. 1202AFE Financial Planning 1 Semester 2, 2016 File Note - Statement of Advice Client's name: Date of contact: Re: Liam Sem 17...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

BACKGROUND An SM bond is a 35-year Australian government bond with a face value of $1. They are marketed to consumers saving for retirement (who buy the S part) and investors (who buy the M part)....

Can anyone solve the answers from the given document givenbelow? I really need help. MY FINAL LITERALLY IS KNOCKING AT THE DOOR. Name_________________________________ Student...

Pretty simple just answer the questions below its only 2 of them attached are the reference materials you'll need to site apa style format from Chapter 11: 11.2 #2 (p. 276) Also answer this question...

Does the Cape Towns global action plan support the 17 SDGs set out by the United Nations?

1. Construct a service blueprint for the bear-making process indicating (1) The stages in the process; (2) The directional flow of the process; (3) Labor cost for each stage in the process; (4) The...

Torre Inc. is a small, sporting goods firm, with 2 0 million shares outstanding, trading 1 5 4 a share, and $ 2 0 million in debt ( market value ) ; the firm's current cost of capital is 1 0 % The...

For each transaction below, write the net effect on Current Assets (CA), Current Liabilities (CL), Gross Profit (GP), Net Income Before Taxes (NIBT), and Cash flows from operating activities (CFO)....