# A person wants to establish an annuity for retirement purposes. He wants to make quarterly deposits for 20 years so that he can then make quarterly withdrawals of \$5,000 for 10 years. The annuity earns 7.32% interest compounded quarterly. A

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1. ## World History

Which option accurately describes the reason for Ferdinand Magellan’s exploration efforts? A. to be the first person to conquer the Incan Empire and establish Spanish colonies B. to be the first person to reach the Spice Islands by sailing west from

2. ## history

Which option accurately describes the reason for Ferdinand Magellan’s exploration efforts? A. to be the first person to conquer the Aztec Empire and establish Spanish colonies B. to be the first person to reach China via a sea route to trade for silk C.

3. ## Math

Luis has \$100,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put \$2000/quarter into the new account until his

4. ## maths

determine the amount of each ordinary simple annuity. deposits of \$2550 for 7 years at 9.7% per year compounded annually Search instead for determine the amount of each ordinary simple annuity. deposits of \$2550 for 7 years at 9.7% per year compounded

5. ## Annuities

Vic French mad deposits of 5000 at the end of each quarter to book bank, which pays 8% intrest compounded quarterly. After 3 years, Victor made no more deposits. What will be the balance in the account 2 years after the last deposit? I do not understand

6. ## Math

James has set up an ordinary annuity to save for his retirement in 19 years. If his monthly payments are \$250 and the annuity has an annual interest rate of 7.5%, what will be the value of the annuity when he retires? Would the answer be 171.11?

7. ## math

Please explain how \$12,905.80 is the answer to the question: To save for retirement, a couple deposits \$4000 in their account that pays 5.9% interest compounded quarterly. What will be the value of thier investment in 20 years?

8. ## Investments

At the end of each year a self-employed person deposits \$1,500 in a retirement account that earns 10 percent annually. a) How much will be in the account when the individual retired at the age of 65 if the contribution start when the person is 45 years

9. ## Math

Luis has \$150,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put \$3000/quarter into the new account until his

10. ## Finance

Bob Bryan made deposits of \$10,000 at the end of each quarter to Lion Bank, which pays 8% interest compounded quarterly. After 9 years, Bob made no more deposits. What will be the account's balance 4 years after the last deposit? (p. 317)

11. ## Math

At age 25 someone sets up an IRA​ (individual retirement​ account) with an APR of 4%. At the end of each month he deposits ​\$85 in the account. How much will the IRA contain when he retires at age​ 65? Compare that amount to the total deposits made

12. ## everest online

2. At the end of each year a self-employed person deposits \$1,500 in a retirement account that earns 10 percent annually. a) How much will be in the accountant when the individual retires at the age of 65 if the contributions start when the person is 45

13. ## finance

A self-employed person deposits \$3,000 annually in a retirement account (called a Keogh account) that earns 8 percent. a. How much will be in the account when the individual retires at the age of 65 if the savings program starts when the person is age 40?

14. ## Math

Alice Longtree has decided to invest \$400 quarterly for 4 years in an ordinary annuity at 8 %. As her financial adviser, calculate for Alice the total cash value of the annuity at the end of year 4.

15. ## Present Value Math

Find the present value of an ordinary annuity of \$500 payments each made quarterly over 6 years and earning interest at 8% per year compounded quarterly. ​ \$9,456.96 \$2,311.44 \$24,968.07 \$5,264.38 Thank you

16. ## time value

For the last 19 years, Mary has been depositing \$500 in her savings account , which has earned 5% per year, compounded annually and is expected to continue paying that amount. Mary will make one more \$500 deposit one year from today. If Mary closes the

17. ## Mathematics

At age ​18, someone sets up an IRA​ (individual retirement​ account) with an APR of ​4%. At the end of each month he deposits ​\$40 in the account. How much will the IRA contain when he retires at age​ 65? Compare that amount to the total

18. ## character education

How does self-knowledge help one live a moral life? knowing the normal reactions helps decide what is best knowing his or her precise moments of decision alerts a person to the most important time to consider his or her moral code self is the most

19. ## Mathematics

Victor French made deposits of \$4,800 at the end of each quarter to Book Bank, which pays 8% interest compounded quarterly. After 3 years, Victor made no more deposits. What will be the balance in the account 2 years after the last deposit? (Do not round

20. ## Math

A person wants to establish an annuity for retirement purposes. He wants to make quarterly deposits for 20 years so that he can then make quarterly withdrawals of \$5,000 for 10 years. The annuity earns 7.32% interest compounded quarterly. A. How much will

21. ## math 106

An employee saves for her retirement by depositing \$1000 a quarter. She deposits her money in an annuity which pays a return of 2% a year compounded quarterly. What will the value of the annuity be after ten years ?

22. ## math

An employee saves for her retirement by depositing \$1000 a quarter. She deposits her money in an annuity which pays a return of 2% a year compounded quarterly. What will the value of the annuity be after ten years? This is my answer is this correct?

23. ## math

An employee saves for her retirement by depositing \$1000 a quarter. She deposits her money in an annuity which pays a return of 2% a year compounded quarterly. What will the value of the annuity be after ten years? n = 4*10 = 40 interest per period

24. ## Math

Determine the future value of an annuity due into which quarterly deposits of \$450 are made for nine years if the annuity pays 10% compounded quarterly.

25. ## Math

Determine the future value of an annuity due into which quarterly deposits of \$450 are made for nine years if the annuity pays 10% compounded quarterly.

26. ## Math

Determine the future value of an annuity due into which quarterly deposits of \$450 are made for nine years if the annuity pays 10% compounded quarterly.

27. ## Math

Determine the future value of an annuity due into which quarterly deposits of \$450 are made for nine years if the annuity pays 10% compounded quarterly.

Determine the future value of an annuity due into which quarterly deposits of \$450 are made for nine years if the annuity pays 10% compounded quarterly. a. \$26,430.20 b. \$29,073.31, c. \$26,430.25 or d. \$27,751.79

29. ## Differential Equations

A college professor contributes \$5,000 per year into her retirement fund by making many small deposits throughout the year. The fund grows at a rate of 7% per year compounded continuously. After 30 years, she retires and begins withdrawing from her fund at

30. ## Math

James has set up an ordinary annuity to save for his retirement in 17 years. If his quarterly payments are \$650 and the annuity has an annual interest rate of 7%, what will be the value of the annuity when he retires? 650(1+.07/4)^17-1 =.3430281149

31. ## finance

When planning the retirement payout, there are several options from which to choose. With ______________ option, the annuity provides payments over the life of both you and yor spouse. A. lump sum annuity B. single life annuity C. annuity for life D.

32. ## math

To save for their retirement, a couple deposits \$4000 in an account that pays 5.9% annual interest compounded quarterly. What will be the value of their investment after 20 yr?

33. ## math

To save for their retirement, a couple deposits \$4000 in an account that pays 5.9% annual interest compounded quarterly. What will be the value of their investment after 20 yr?

34. ## Math

Can someone please help me out with these? What is the rate of inflation of an item with a Consumer Price Index of 246.8 in 1991 and 362.4 in 1992? Round your answer to the nearest tenth. 0.681 0.319 0.468 0.536 Determine the future value of an annuity due

35. ## accounting

Mr. Jones intends to retire in 20 years at the age of 65. As yet he has not provided for retirement income, and he wants to set up a periodic savings plan to do this. If he makes equal annual payments into a savings account that pays 4 percent interest per

36. ## Math Help

Melanie would like to have \$25,706.30 in an ordinary annuity in 5 years. The annuity has a 10.8% annual interest rate, and she plans on making quarterly deposits. How much should she deposit per quarter? Would this be the way I solve the question?

37. ## math

James has set up an ordinary annuity to save for his retirement in 18 years. If his monthly payments are \$225 and the annuity has an annual interest rate of 8% compounded monthly, what will be the value of the annuity when he retires?

38. ## Math

Andy has set up an ordinary annuity to save for his retirement in 16 years. If his semi-annual payments are \$250 and the annuity has an annual interest rate of 7.5%, what will be the value of the annuity when he retires? How do I solve this equation? What

39. ## Math

Find the accumulated value of quarterly deposits of three hundred dollars each immediately after the 32 deposit If the deposits earn 10% quarterly for the first five years and 12% for the last three years.

Find the value of the ordinary annuity at the end of the indicated time period. The payment​ R, frequency of deposits m​ (which is the same as the frequency of​ compounding), annual interest rate​ r, and time period t are given. amount ​1,000​;

41. ## math

u deposit \$100 at the end of each quarter in a sinking fund earning 4% compounded quarterly. How many quarterly deposits must you make in order to reach your goal of saving \$10,000? Round your answer off to the nearest whole number

42. ## Math

You deposit \$100 at the end of each quarter in a sinking fund earning 4% compounded quarterly. How many quarterly deposits must you make in order to reach your goal of saving \$10,000? Round your answer off to the nearest whole number.

43. ## math not sure which formula to use

Let’s suppose that we wish for an annuity to be set up so that we can take out \$6000 every quarter for 15 years and this annuity will get 6% interest compounded quarterly...how much must we invest today for this to happen?

44. ## Personal Finance

You and your spouse both have good retirement plans through work, and both receive social security checks based on your own incomes. If your goal is to maximize the size of your annuity check everymonth which option should you choose? A. Single Life

45. ## Finance

You and your spouse both have good retirement plans through work,and both receive social security checks based on your own incomes. If your goal is to maximize the size of your annuity check every month, which option should you choose? A. single life

46. ## Math

Ginny Katz has decided to invest \$700 quarterly for 10 years in an ordinary annuity at 8 percent. The total cash value of the annuity at end of year 10 is?

47. ## math

Find the future value of an annuity if you invest \$200 quarterly for 20 years at 5% interest compounded quarterly.

48. ## Math

James has set up an ordinary annuity to save for his retirement in 19 years. If his monthly payments are \$250 and the annuity has an annual interest rate of 7.5%, what will be the value of the annuity when he retires? I am studying for my math final and I

49. ## finance

A self –employed person deposits \$3,000 annually in a retirement account(called a Keogh account)that earns 8 percent. a) How much will be in the account when the individual retires at the age of 65 if the savings program starts when the person is age 40?

50. ## math

Suppose payments were made at the end of each quarter into an ordinary annuity earning interest at the rate of 9%/year compounded quarterly. If the future value of the annuity after 8 yr is \$80,000, what was the size of each payment?

51. ## finite math

Find the amount of an ordinary annuity for 5 years of quarterly payments of \$2,200 that earn interest at 4% per year compounded quarterly.

52. ## finite math

Find the present value of an ordinary annuity of \$600 payments each made quarterly over 5 years and earning interest at 4% per year compounded quarterly.

Susie has decided to make deposits at the end of each quarter in the amout of \$5,000. After three years, she makes more deposits and just lets the money sit there for two more years. What will be the balance in the account at the end of that time? Assume

54. ## Finance

A self-employed person deposits \$3000 annually in a retirement account (called a Keogh account) that earns 8 percent. a. How much will be in the account when the individual retires at the age of 65 if the savings program starts when the person is age 40?

55. ## Math

Find the future value of an ordinary annuity of \$70 paid quarterly for 5 years, if the interest rate is 10%, compounded quarterly. (Round your answer to the nearest cent.)

56. ## Math

At the beginning of each period for 9 years, Scott Sullivan invested \$900 quarterly at 4% interest compounded quarterly. What is the present value of this annuity due? (Using the Calculator)

57. ## Finite Math and Applied Calculus

Betty Sue sets up a retirement account. For the first 35 years, she deposits \$500 at the end of each month into an account with an annual interest rate of 3.6%, compounded monthly. Then, she stops making monthly payments and transfers the money into a di

58. ## math

I really need help A person opens up a savings account that pays 4% interest compounded quarterly. The person makes deposits every three months, including the initial deposit of \$200 each. How many years will it take for the account to reach \$30,000? For

59. ## math

How did they get to this answer can someone explain the steps. Directions: Find the future value of each ordinary annuity, if payments are made and interest is compounded as given. R = 15,000; 12.1% interest compounded quarterly for 6 yrs. answer:

60. ## Interest

Find the amount of the annuity if the deposit is \$800 quarterly for 6 years at 9% compounded quarterly. Amount=?

61. ## Math

Jim Gray invested \$8,500 four times a year in an annuity due at All-Star Investments for a period of 3 years at an interest rate of 12% compounded quarterly. Using the ordinary annuity table , calculate the total value of the annuity due at the end of the

62. ## Corporate Fiance

You are a financial planner and have a client who would like to receive a \$12,000 annuity for 25 years after retiring 20 years from now. Assuming an 8% return on investment can be earned prior to retirement and a 10% return can be earned after retirement,

63. ## maths

Ty received a separation payment of \$25 000 from his former employer when he was 35-years old. He invested that sum of money at 5.5% compounded semi-annually. When he was 65, he converted the balance into an ordinary annuity paying \$6000 every 3 months

64. ## Finance

You are now 30 years old. You plan to retire in 30 years, and expect to live for 30 years after retirement, that is, until you are 90. You want a fixed retirement income that has the same purchasing power at the time you retire as \$80,000 has today. You

65. ## MATH

Find the amount accumulated in the sinking fund if \$1600 is deposited quarterly for 20 years at 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest dollar.)

66. ## MATH

Find the amount accumulated in the sinking fund if \$1600 is deposited quarterly for 20 years at 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest dollar.)

67. ## MATHEMATICS

Find the amount accumulated in the sinking fund if \$1600 is deposited quarterly for 20 years at 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest dollar.)

68. ## MATH

Find the amount accumulated in the sinking fund if \$1600 is deposited quarterly for 20 years at 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest dollar.)

69. ## Finite math

Consider the following annuity scheme: regular payments of \$200 are made every two months at the end of the month (in other words, there are six equally spaced payments over the year) into an account with a nominal rate of 6% compounded monthly. Note, this

70. ## Finance

An investment will provide Nicholas with \$100 at the end of each year for the next 10 years. What is the present value of that annuity if the discount rate is 8% annually? What is the present value of the above annuity if the payments are received at the

71. ## accounting

assume you want to retire next year. at that time you expect to have a retirement fund with 300,000 in it. assume you need to take out the money in the form of an annuity over a 20 year period, with the first withdraw occuring at the end of the first year

72. ## Mathmatics

I want to be able to have \$50,000 a year during retirement. I want to make sure that I can have it until I am 100 years old. I plan to retire at 65. I can earn 6%. How much do I need to have at retirement to be able to make it?

• I want to be able to have \$50,000 a year during retirement. I want to make sure that I can have it until I am 100 years old. I plan to retire at 65. I can earn 5%. How much do I need to have at retirement to be able to make it?

74. ## algebra

In planning for retirement, Karen deposits some money at 2.5% interest and deposits twice as much at 3% interest. Find the amount of money invested at each rate if the total annual income from interest is \$850.

75. ## finances

Calculate the future value of the following: o \$5,000 compounded annually at 6% for 5 years o \$5,000 compounded semiannually at 6% for 5 years o \$5,000 compounded quarterly at 6% for 5 years o \$5,000 compounded annually at 6% for 6 year What conclusions

76. ## Fianacial Management in Health Care Organizations

Resource: Ch. 5 of Financial Management in Health Care Organizations. „h Calculate the future value of the following: o \$5,000 compounded annually at 6% for 5 years o \$5,000 compounded semiannually at 6% for 5 years o \$5,000 compounded quarterly at 6%

77. ## Math

Her has \$1500 in a retirement account earning 5% interest compounded annually. Each year after the first, she makes and additional deposits of \$1500. After 5 years , what was her account balance if she did not make any withdrawals?

78. ## math,correction

can someone correct these for me thanks.. Problem #4 Find the effective rate corresponding to the given nominal 18% compounded quarterly. My answer: 19.2% Problem #7 Find the future value of the ordinary annuity If R= \$2500,I=5% interest compounded

What is the future value of an annuity that has the following characteristics: (a) you pay \$1,000.00 per year into the annuity, (b) you make this payment for 10 years, and (c) you are able to obtain a 5% rate of return on your investment.

80. ## Math

At the end of each quarter, a 50-year-old woman puts \$3000 in a retirement account that pays 5% interest compounded quarterly. When she reaches 60, she withdraws the entire amount and places it in a mutual fund that pays 6.9% interest compounded monthly.

81. ## math,help

what formula do i use for the following problem: which of the following investments is larger after 19years? a) \$7500 is deposited annually and earns 4.5% interest compounded annually. b)\$600 is deposited monthly and earns 4.5% interest compounded monthly.

82. ## Theory of interest

An annuity last for 12 calendar years.At the end of each quarter,there is a payment.First quarter payments are \$200,second quarter payments are \$300,third quarter payments are\$150 and fourth quarter payments are \$400.Find the accumulated value of this

83. ## MATH

Use the following time value of money tables to answer the following questions. Assume that the annual rate of interest is 6% for each of the four following problems. i = 6% Time Periods (n) Future Value of 1 Present Value of 1 Future Value of an Annuity

84. ## Theory of interest

An annuity last for 12 calendar years.At the end of each quarter,there is a payment.First quarter payment are \$200,second quarter payments are \$300,third quarter payments are \$150 and fourth quarter payments are \$400.Find the accumulated value of this

85. ## math need help

Find the future value of an annuity due of \$100 each quarter for 2½ years at 11%, compounded quarterly.

86. ## Finance

Sydney saved 50 000 during her first year of work after college and plans to invest it for her retirement in 40 years how much will she have available for retirement of she can make 8 percent on her investment

87. ## Business Math ( Future ordinary Annuities)

Howard has deposited RM1000 at the end of each month into a retirement savings plan for the last 10 years in his working life. His deposits earned an interest rate of 2.5% per month for the first 4 years and 3% per month for the rest of the years. What is

88. ## Math

Determine the present value of the annuity: \$1500 at the end of each 3-month period, for 5 years, at 4.5% p/a, compounded quarterly

89. ## Math

how much should rod pay for a 10 year annuity that provides month end payments of 1800 at 4.5% compounded quarterly

90. ## city college

(Drug Benefits and Post Retirement Liabilities) Delphi Company reduced its other post retirement benefits by approx 500 million because of a change in the law. The federal government will not reimburse companies for prescription drug benefits that it

91. ## math

If \$86,000 is invested in an annuity that earns 5.2%, compounded quarterly, what payments will it provide at the end of each quarter for the next 3½ years?

92. ## math

find the amount of an annuity of \$5000 payable at the end of each 3 months for 8 years,if money is worth 12% compounded quarterly.

93. ## Finance

You plan to open a retirement account. Your employer will match 50 percent of your deposits up to a limit on the match of \$2500 per year. You believe the fund will earn 12 percent per year over the next 30 years, and you will make 30 deposits of \$5000,

94. ## Calc

A person deposits money into a retirement account, which pays 7% interest compounded continuously, at a rate of \$1000 per year for 20 years. Calculate: a. The balance of the account at the end of 20 years b. the amount of money actually deposited into the

95. ## math

Sandra deposits \$3000 in an ordinary annuity at the end of each semiannual period at 8% interest compounded semiannually. Find the amount she will have on deposit after 17 years

96. ## Math! plz help!

When Cody's son was born, he put \$4,500 in an investment that earns 7% compounded semi-annually. This investment will mature when his son turns 18 and will go straight into an annuity at 4.75% compounded and paying out quarterly at the end of the period.

97. ## math help plz!

When Cody's son was born, he put \$4,500 in an investment that earns 7% compounded semi-annually. This investment will mature when his son turns 18 and will go straight into an annuity at 4.75% compounded and paying out quarterly at the end of the period.

98. ## algebra

Suppose a retiree wants to buy an ordinary annuity that pays her \$2,000 per month for 20 years. If the annuity earns interest at 3.5% interest compounded monthly, what is the present value of this annuity?

99. ## math

after twelve monthly deposits of \$400 at 12% compounded monthly, find the amount of an annuity. please help me:(

100. ## math

Semiannually deposits of \$400 are made for 10 years into an annuity that pays 7% compounded semiannually