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A company plans to make four annual deposits of $5,000 each to a special building fund. The fund's assets will be investe In mortgage instruments
A company plans to make four annual deposits of $5,000 each to a special building fund. The fund's assets will be investe 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 $5,000 annual deposit are made at the end of each of the four years and interest is compounded annually 2. The $5,000 annual deposit are made at the beginning of each of the four years and interest is compounded annually. 3. The $5,000 annual deposit are made at the beginning of each of the four years and interest is compounded quarterly 4. The $5,000 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deposit are made at the beginning of each of the four years interest is compounded annually, and Interest earned is withdrawn at the end of each year.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 $5,000 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 A Required 1 Required 2 > year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The $5,000 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 = < Required 1 Required 3 > The $5,000 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. Deposit Fund Balance First deposit 5,000 Second deposit 5.000 Third deposit 5,000 Fourth deposit 5,000 Required 1 Required 2 Required 3 Required 4 The $5,000 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deposits are made at the beginning of each of the four years interest is compounded annually, and interest earned is withdrawn at the end of each year.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 5,000 Number of Interest left in Fund Balance Payments Fund
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