Meg's pension plan is an annuity with a guaranteed return of 9% interest per year (compounded semi-annually). She would like to retire with a pension of $70000 per semi-annum for 25 years. If she works 45 years before retiring, how

28,111 results
  1. math

    Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 3.5%/year compounded monthly. If the future value of the annuity after 12 years is $50,000, what was the size of each payment? (Round your answer

  2. College Algebra

    Please help me ASAP!!!!!!!!!!!! I did the work on most of these problems but I am still confused please help. 19. Comparing Investments Russ McClelland, who is self-employed, wants to invest $60,000 in a pension plan. One investment offers 7% compounded

  3. Finance

    Twice a year for 15 years, Warren Ford invested $1,700 compounded semiannually at 6% interest. What is the value of this annuity due? (p. 319)

  4. Math

    you deposit $1000 at 3% per year.what is the balance at the end of one year,and what is the annual yield,if the interest.Please help solve the problem. Simple interest? Compounded annually? Compounded quarterly Compounded daily

  5. Math

    Your bank pays 9% interest, compounded annually. Use the appropriate formula to find how much you should deposit now to yeild an annuity payment of $800 at the END of each year, for 10 years?

  6. finance

    A 5-year annuity of ten $4500 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount rate is 12% compounded monthly, what is the value of this annuity five years from now? What is the value three

  7. Math Check

    A bank offers two interest account plans. Plan A gives you 6% interest compounded annually. Plan B gives you 13% annual simple interest. You plan to invest 2,000 for the next 4 years. Which account earns you the most interest (in dollars) after 4 years?

  8. Compound Interest

    A bank offers a rate of 5.3% compounded semi-annually on its four year GICs(Guaranteed Investment Certificates). What monthly and annually compounded rates should it quote in order to have the same effective interest rate at all three nominal rates?

  9. math & finance

    A bank offers a rate of 5.3% compounded semi-annually on its four year GICs(Guaranteed Investment Certificates). What monthly and annually compounded rates should it quote in order to have the same effective interest rate at all three nominal rates?

  10. 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?

  11. 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?

  12. 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?

  13. Corporate Finance

    A 15-year annuity pays $1,750 per month, and payments are made at the end of each month. If the interest rate is 10 percent compounded monthly for the first seven years, and 6 percent compounded monthly thereafter, what is the present value of the annuity?

  14. math

    Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 8%/year compounded monthly. If the future value of the annuity after 14 yr is $70,000, what was the size of each payment? (Round your answer to the

  15. compounded interest

    A bank offers a rate of 5.3% compounded semi-annually on its four year GICs(Guaranteed Investment Certificates). What monthly and annually compounded rates should it quote in order to have the same effective interest rate at all three nominal rates?

  16. Math

    Meg's pension plan is an annuity with a guaranteed return of 7% per year (compounded quarterly). She would like to retire with a pension of $20,000 per quarter for 15 years. If she works 31 years before retiring, how much money must she and her employer

  17. math

    Meg's pension plan is an annuity with a guaranteed return of 3% per year (compounded quarterly). She would like to retire with a pension of $50,000 per quarter for 5 years. If she works 21 years before retiring, how much money must she and her employer

  18. math

    Meg's pension plan is an annuity with a guaranteed return of 6% per year (compounded quarterly). She would like to retire with a pension of $50,000 per quarter for 15 years. If she works 31 years before retiring, how much money must she and her employer

  19. 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

  20. Math

    The Problem: You win the grand prize on a game show. You have the following choices: Option 1: $1-million dollars paid as a $25 000 annuity every year over 40 years. Option 2: The present value of option 1 if the current interest rate is 4%, compounded

  21. solution

    Mr. Hammad is a salaried person and thinking to save for the education of his daughter. In this concern he is considering two diverse saving plans for ten years. 􀃆 First plan requires a deposit of Rs 5,000 every six months with annual interest rate of

  22. 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.

  23. math

    Suppose that you have $12,500 to invest over a 4 year period. There are two accounts to choose from: 4.5% compounded monthly or 4.3% compounded continuously. a. Write the formula for the first account’s compound interest for n compounding per year. b.

  24. Business Algebra

    Part I: As a financial planner a client comes to you for investment advice. After meeting with him and understanding his needs, you offer him the following two investment options: Option 1 (refer to section on Mathematics of Finance in your text.): Invest

  25. Probability

    There are three investment plans for your consideration. Each plan calls for an investment of $25,000 and the return will be one year later. Plan A will return $27,500. Plan B will return $27,000 or $28,000 with probabilities of 0.4 and 0.6, respectively.

  26. Math Help Please!

    A bank offers two interest account plans. Plan A gives you 6% interest compounded annually. Plan B gives you 13% annual simple interest. You plan to invest 2,000 for the next 4 years. Which account earns you the most interest (in dollars) after 4 years?

  27. Investing

    Interest of 12% per year compounded monthly is roughly equivalent to an interest rate of 12.68% per year compunded yearly when using the formula: A=p(1+r/n)^nt If you solve the problem the two are equal; how can you derive 12.68% compounded yearly from 12%

  28. 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

  29. finance math

    Meg's pension plan is an annuity with a guaranteed return of 7% interest per year (compounded annually). She would like to retire with a pension of $30000 per annum for 15 years. If she works 31 years before retiring, how much money must she and her

  30. bus math

    Meg's pension plan is an annuity with a guaranteed return of 7% interest per year (compounded monthly). She would like to retire with a pension of $20000 per month for 20 years. If she works 28 years before retiring, how much money must she and her

  31. math

    Meg's pension plan is an annuity with a guaranteed return of 7% interest per year (compounded monthly). She would like to retire with a pension of $20000 per month for 20 years. If she works 28 years before retiring, how much money must she and her

  32. Finance

    Meg's pension plan is an annuity with a guaranteed return of 7% interest per year (compounded monthly). She would like to retire with a pension of $90000 per month for 25 years. If she works 33 years before retiring, how much money must she and her

  33. business math

    Meg's pension plan is an annuity with a guaranteed return of 7% interest per year (compounded monthly). She would like to retire with a pension of $20000 per month for 20 years. If she works 28 years before retiring, how much money must she and her

  34. Math

    Meg's pension plan is an annuity with a guaranteed return of 9% interest per year (compounded semi-annually). She would like to retire with a pension of $70000 per semi-annum for 25 years. If she works 45 years before retiring, how much money must she and

  35. math

    Meg's pension plan is an annuity with a guaranteed return of 5% per year (compounded quarterly). She would like to retire with a pension of $10,000 per quarter for 5 years. If she works 17 years before retiring, how much money must she and her employer

  36. calculus

    Meg's pension plan is an annuity with a guaranteed return of 4% per year (compounded quarterly). She would like to retire with a pension of $20,000 per quarter for 10 years. If she works 30 years before retiring, how much money must she and her employer

  37. Business Calc

    Meg's pension plan is an annuity with a guaranteed return of 3% per year (compounded quarterly). She would like to retire with a pension of $30,000 per quarter for 5 years. If she works 25 years before retiring, how much money must she and her employer

  38. Business Math

    Meg's pension plan is an annuity with a guaranteed return of 3% per year (compounded quarterly). She would like to retire with a pension of $50,000 per quarter for 10 years. If she works 26 years before retiring, how much money must she and her employer

  39. Business math

    Meg's pension plan is an annuity with a guaranteed return of 3% per year (compounded quarterly). She would like to retire with a pension of $50,000 per quarter for 10 years. If she works 22 years before retiring, how much money must she and her employer

  40. CONSUMER MATH

    The owner of Campus Cafe plans to open a second location on a satellite campus in 5yrs. She buys an annuity that pays 10.5% interest compounded annually A. If the payment is $4000 a year, find the future value of the annuity in 5yrs. B. How much more

  41. math

    The owner of Campus Cafe plans to open a second location on a satellite campus in 5yrs. She buys an annuity that pays 10.5% interest compounded annually A. If the payment is $4000 a year, find the future value of the annuity in 5yrs. B. How much more

  42. maths

    On 1 Jan 2007, Peter celebrates his 30 year old birthday. As a birth commitment, Peter joins a 15 year-contribution Annuity Plan. The annual contribution will be fixed at $28,800 for 15 years. The first annual premium is payable on 31 Dec 2007. Peter

  43. maTH

    The owner of Campus Cafe plans to open a second location on a satellite campus in 5yrs. She buys an annuity that pays 10.5% interest compounded annually A. If the payment is $4000 a year, find the future value of the annuity in 5yrs. B. How much more

  44. math

    find the present value of ordinary annuity payments of 890 each year for 16 years at 8% compounded annually What is the amount that must be paid (Present Value) for an annuity with a periodic payment of R dollars to be made at the end of each year for N

  45. 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

  46. Math

    Amy Powell invested $8500 twice a year in an ordinary annuity at New York Securities for a period of 5 years at an annual interest rate of 10% compounded semiannually. Using the ordinary annuity table , calculate the total value of the annuity at the end

  47. 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 ?

  48. 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?

  49. math

    Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 6%/year compounded monthly. If the future value of the annuity after 10 yr is $55,000, what was the size of each payment?

  50. Maths

    Helen has just retired with $500 000 in her account and wishes to start an annuity. She intends to withdraw $M at the end of each year for 30 years. Reducible interest is calculated at 6% p.a., compounded annually just before each withdrawal. a) Calculate

  51. 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

  52. finance

    Barbara wants to save money to meet 2 objectives: i. She would like to be able to retire 25 years from now and have a pension for 15 years after that.She would like to get the first annual payment on the pension 26 years from now, she would like it to be

  53. Algebra

    Adam wants to invest $80,000 in a pension plan. One investment offers 7% compounded quarterly. Another offers 6.5% compounded continuously. Which investment will earn more interest in 10 years?

  54. College Algebra

    Adam wants to invest $40,000 in a pension plan. One investment offers 7% compounded quarterly. Another offers 6.5% compounded continuously. Which investment will earn more interest in 10 years?

  55. 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

  56. 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:

  57. Business Math 205

    Calculate the PRESENT VALUE of the following ORDINARY ANNUITIES. Round to the nearest cent when necessary. Annuity Payment:($3,000) Payment Frequency: (Every Year) Time Period YRS:(15)Nominal Rate%:(10)Interest Compounded:(Annually)Present Value Of The

  58. accounting

    In recent years, there has been a lot of media coverage about the funding status of pension plans for state employees. In many states, the amount of money invested in employee pension plans is far less than the amount estimated to be needed to pay them the

  59. Business Algebra

    Invest $23,000 in a savings account at 4.25% interest compounded quarterly. Invest into an ordinary annuity where $5,000 is deposited each year into an account that earns 6.6% interest compounded annually.

  60. math

    What is the future value of an ordinary annuity of $12,000 per year, for three years, at 9% interest compounded annually?

  61. math

    Jeanette wishes to retire in 30 years at age 55 with retirement savings that have the purchasing power of $300,000 in today’s dollars. 1. If the rate of inflation for the next 30 years is 2% per year, how much must she accumulate in her RRSP? 2. If she

  62. maths

    What is the future value of an ordinary annuity of $12000 per year, for three years, at 9% percent interest compounded annually?

  63. math

    what is the future value of an ordinary annuity of $12,000 per year,for three years at9% interest compounded annually?

  64. 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

  65. Finance

    1. A man establishes an annuity for retirement by depositing $50,000 into an account that pays 7.2% compounded monthly. Equal monthly withdrawals will be made each month for 5 years, at which time the account will have a zero balance. Each year taxes must

  66. algebra

    Find the future value of an ordinary annuity. Payments are made and interest is compounded as follows: R=600 7% interest compounded quarterly for 5 years I set this up as follows and still am getting the wrong answer: 500 (1.07)^5-1/0.07 Please help!!

  67. 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?

  68. Mathematics

    Suppose an employee of a company is retiring and has the choice of two benefit options under the company pension plan. Option A consists of a guaranteed payment of $1,575,000 at the end of each month for 10 years. Altematively, under option B the employee

  69. math

    Suppose an employee of a company is retiring and has the choice of two benefit options under the company pension plan. Option A consists of a guaranteed payment of $1,575 at the end of each month for 10 years. Alternatively, under option B the employee

  70. math

    If an annuity was set up for semiannual payments at the beginning of each period in the amount of $1,478, what would be the value of this annuity after 9 ½ years with interest compounded daily at a rate of 3.75%

  71. Math

    The formula is A = (R((1+ i)^n -1))/i R is the regular payments i is the interest n is the number of compounding periods Determine the amount of each ordinary simple annuity. A) $650 deposited every 6 months for 8 years at 9% per year compounded

  72. Math

    you deposit $1000 at 3% per year.what is the balance at the end of one year,and what is the annual yield,if the interest.Please help solve the problem. Simple interest? Compounded annually? Compounded quarterly Compounded daily

  73. Fins nance business

    1. Find the future value of current $1,000 5 year from now when annual interest rate 8% is compounded annually 2. Find the present value of a future value (1,000) four years from now when annual interest rate 8% is compounded quarterly. 3.Find the present

  74. finance

    Can someone please help me with the following question. I am not sure even where to start. A 5-year annuity of 10 $9,000 seminannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount rate is 11 percent

  75. Math

    Suppose an annuity will pay $18,000 at the beginning of each year for the next 8 years. How much money is needed to start this annuity if it earns 6.9%, compounded annually?

  76. Math

    Rs. 200 invested at the end of each month in an account paying interest 6% per year compounded monthly. What is the future value of this annuity after 10th payment? [

  77. business math

    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.

  78. Algebra

    How much better is the return on a 6% yearly interest rate investment that is compounded 6 times per year as opposed to compounded yearly? Select one: a. Between 1.5% and 2.0% better b. Between 2.0% and 2.5% better c. Between 2.5% and 3.0% better d.

  79. math

    can I any one help me to find a formula to calculate 401K plans for my project? Thanks Compound Interest With compound interest, the interest due and paid at the end of the interest compounding period is added to the initial starting principal to form a

  80. math

    The terms of a single parent's will indicate that a child will receive an ordinary annuity of $20,000 per year from age 18 to age 24 (so the child can attend college) and that the balance of the estate goes to a niece. If the parent dies on the child's

  81. Calculus

    Find the amount of an annuity if $210/month is paid into it for a period of 20 yr, earning interest at the rate of 8%/year compounded continuously. (Round your answer to two decimal places.) $

  82. Calculus

    Find the amount of an annuity if $210/month is paid into it for a period of 20 yr, earning interest at the rate of 8%/year compounded continuously. (Round your answer to two decimal places.)

  83. Finance

    You belong to an unusual pension plan because your retirement payments will continue forever (and will go to your descendants after you die). If you will receive $30,000 per year at the end of each year starting 25 years from now, what is the present value

  84. 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.

  85. Math

    Angie needs to have an annuity payment of $1,300 at the end of each year for the next 10 years. How much should she deposit now at 10% interest compounded annually, to yield this payment?

  86. algebra

    find the amount of an annuity that consists of 22 monthly payments of $800 each into an account that pays 2% interest per year, compounded monthly.

  87. math

    Angie needs to have an annuity payment of $1,300 at the end of each year for the next 10 years. How much should she deposit now at 10% interest compounded annually, to yield this payment?

  88. finance

    Q.1.Differentiate future value from present value and explain how compound interest differs from simple interest. Q.2. John expects to need $50,000 as a down payment on a house in six years. How much does she need to invest today in an account paying 7.25

  89. 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.

  90. Math

    In the future value annuity table at any interest rate for one year, why is the future value interest factor of this annuity equal to 1.00?

  91. present annuity

    What is the present value of an annuity that consists of 28 monthly payments of $260 at an interest rate of 8% per year, compounded monthly? (Round your answer to the nearest cent).

  92. Please Help

    Find the present value of an ordinary annuity of $1,400 payments each made semiannually over 8 years and earning interest at 12% per year compounded semi-annually. ​ $6,954.70 $9,763.58 $14,148.25 $3,365.99 Thanks for the help

  93. Finance

    Need help finding a formula for: Question: Suppose a bank offers you the following deal: You pay to the bank an annuity amount of $A per year over the next 10 years and the bank will in turn pay you $40,000 per year starting at the end of year 11 and

  94. personal finance

    would you purchase a $100,000 20 year annuity today for $15,000 given a required rate of return of 14.5%? Why, what is the value of the annuity?

  95. 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

  96. Financial management

    Im having a little trouble can someone please help me. Im not sure if my answers were right or what the rest would be. 1. _________C__________ is the interest rate in which NPV equals zero. a. Required Rate of Return b. Annual percentage rate (APR) c.

  97. 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

  98. maths

    Sigrid contributed $200 every month for nine years into an RRSP earning 4.3% compounded annually. She then converted the RRSP into an annuity that pays her monthly for 20 years. If the first payment is due one month after the conversion, and interest on

  99. Microsoft excel unit

    Determine the present value of a pension plan that will pay you 20 yearly payments of $7,000 each;the current rate of return in 7.5%

  100. General Mathemtics

    Our topic is about Annuity.An investment firm offers a 10-year,simply annuity with a guaranted rate of 6.85% compounded annually.How much should you pay so as to receive payments of 25,0000 pesos annually over the 10 period? PLEASE show your solution.

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