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A company plans to make four annual deposits of $3,250 each to a special building fund. The fund's assets will be invested in mortgage instruments
A company plans to make four annual deposits of $3,250 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Note: Use tables, Excel, or a financial calculator. (FV of $1. PV of $1. EVA of $1. PVA of $1, EVAD of $1 and PVAD of $1) Required: Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $3,250 annual deposit are made at the end of each of the four years and interest is compounded annually. 2. The $3,250 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $3,250 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $3,250 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interes earned is withdrawn at the end of each year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The $3,250 annual deposit are made at the end of each of the four years and interest is compounded annually. Note: Round your final answers to nearest whole dollar amount. Table, Excel, or calculator function: Deposit: Fund balance n = Required 1 Required 2 > s Required: Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $3,250 annual deposit are made at the end of each of the four years and interest is compounded annually.. 2. The $3,250 annual deposit are made at the beginning of each of the four years and interest is compounded an 3. The $3,250 annual deposit are made at the beginning of each of the four years and interest is compounded qua 4. The $3,250 annual deposit are made at the beginning of each of the four years interest is compounded annually- earned is withdrawn at the end of each year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The $3,250 annual deposits are made at the beginning of each of the four years and interest is compounded annually. Note: Round your final answers to nearest whole dollar amount. Table, Excel, or calculator function: Deposit: Fund balance n = /= s A company plans to make four annual deposits of $3,250 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Note: Use tables, Excel, or a financial calculator. (FV of $1. PV of $1, FVA of $1, PVA of $1. FVAD of $1 and PVAD of $1) Required: Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $3,250 annual deposit are made at the end of each of the four years and interest is compounded annually. 2. The $3,250 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $3,250 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $3,250 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interes earned is withdrawn at the end of each year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The $3,250 annual deposits are made at the beginning of each of the four years' and interest is compounded quarterly Note: Round your final answers to nearest whole dollar amount. First deposit Second deposit Third deposit Fourth deposit 1= n = Deposit Fund Balance $ 3,250 3,250 3,250 3,250 $ 0 A company plans to make four annual deposits of $3,250 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. Note: Use tables, Excel, or a financial calculator. (FV of $1. PV of $1. FVA of $1, PVA of $1; FVAD of $1 and PVAD of $1) Required: Determine how much will be accumulated in the fund after four years under each of the following situations: 1. The $3,250 annual deposit are made at the end of each of the four years and interest is compounded annually. 2. The $3,250 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $3,250 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly. 4. The $3,250 annual deposit are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The $3,250 annual deposits are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year. Deposit Amount Payments Number of Interest left in Fund Fund Balance $ 3,250 Required 3 Required 4
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