A recent high school graduate received $800 in gifts of cash from friends and relatives. In addition, received three scholarships in the amounts of S, 150 S200, and S.1, 100 If takes all gift and scholarship money and invests it in a 24 - month CD paying 3% interest compounded daily, how much will the graduate have when cashes in the CD at the end of the 24 - months?
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A recent high school graduate received $800 in gifts of cash from friends and relatives. In addition, received three
scholarships in the amounts of S, 150 S200, and S.1, 100 If takes all gift and scholarship money and invests it in a 24 -
month CD paying 3% interest compounded daily, how much will the graduate have when cashes in the CD at the end of
the 24 - months?
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- A recent high school graduate received $800in gifts of cash from friends and relatives. In addition, he received three scholarships in the amounts of $450,$600, and$1400.If he takes all his gift and scholarship money and invests it in a 36-month CD paying 2% interest compounded daily (use n=360), how much will the graduate have when he cashes in the CD at the end of the 36-months? The graduate will have how much money when he cashes in the CD.Your sister placed her graduation gifts amounting to P25,000 in a special savings account that provides an interest of 2% for 8 months. Compute the annual interest, total interest, and amount to be received or paid at the end of the term for this scenario using a simple interest assumption and compound interest assumption.Your sister placed her graduation gifts amounting to ₱25,000 in a special savings account that provides an interest of 2% for 8 months. Direction: Compute the annual interest, total interest, and amount to be received or paid at the end of the term for this scenario below using a simple interest assumption and compound interest assumption.
- To help pay for an estimated $35000 in college expenses, parents make a deposit into a college fund at the beginning of each half-year over the course of 17 years. If this fund earns 6% interest, compounded semiannually, how large must these deposits be in order to pay for the estimated expenses? Round your answer to the nearest cent.A father has saved a fund to provide for his son's 4-year university program. The fund will pay $6310 at the end of each months for 6 months (the begin on September), plus an extra $9400 each September 1st, for 4 years. If j4 = 11.34 %, what is the value of the fund on the first day of university (before any withdrawals)?A wealthy donor wants to establish a scholarship that pays an award of $1,000 in perpetuity at the end of each year. The first award will be in three years. How much money must she set aside today in order to fund the bursary? Assume that the money will earn a nominal interest rate of 4% compounded annually.
- New parents wish to save for their newborn's education and wish to have $46,000 at the end of 17 years. How much should the parents place at the end of each year into a savings account that earns an annual rate of 5.6% compounded annually? (Round your answers to two decimal places.)$ How much interest would they earn over the life of the account?$ Determine the value of the fund after 10 years.$ How much interest was earned during the 10th year?$Emma wants to donate $1,000,000 to establish a fund to provide an annual scholarship in perpetuity. The fund will earn an interest rate of j4=4.12% p.a. effective and the first scholarship will be first awarded 2.5 years after the date of the donation. (a) What is the amount of the annual scholarship (rounded to two decimal places)? (b) Assume that the fund's earnings rate rate has changed from j4=4.12% to j4 = 3.87% one year before the first scholarship payment. How much does Emma need to add to the fund at that time (one year before the first scholarship payment) to ensure that scholarship amount will be unchanged (rounded to two decimal places)? (a) What is the amount of the annual scholarship (rounded to two decimal places)? a. 44494.20 b. 46355.87 C. 41840.92 d. 43772.21 (b) Assume that the fund's earnings rate rate has changed from 4-4.12% to 4-3.87% one year before the first scholarship payment. How much does Emma need to add to the fund at that time (one year before the first…A newborn child receives a $8,000 gift toward a college education from her grandparents. How much will the $8,000 be worth in 18 years if it is invested at 5.6% compounded quarterly
- Emma wants to donate $1,000,000 to establish a fund to provide an annual scholarship in perpetuity. The fund will earn an interest rate of j4=5% p.a. effective and the first scholarship will be first awarded 2.5 years after the date of the donation. (a) What is the amount of the annual scholarship (rounded to two decimal places)?Mrs. Quiton deposited Php 120,000.00 into a college fund at the beginning of every month for 10 years . The fund earns 9% annual interest , compounded monthly . She paid at the end of the month . How much is in the account right after the last deposit ? 1. What is the type of annuity illustrated in the given problem? A. Simple Annuity B. General Annuity C. Deferred Annuity D. Complex Annuity 2. Determine the present value of the deposit. A. Php 12,000.00 B. Php 30,000.00 C. Php 60,000.00 D. Php 75,000.00Kara Delaney received a $6,000 gift for graduation from a relative. If she deposits the entire amount in an account paying 2 percent, what will be the value of this gift in 10 years? (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D)