Future value of an annuity way you deposted 100.000 a $25 plan de les avantaged college savings plan) hoping to have $410.000 wailable 10 years when your first child starts college However, you don't hest very well and 3 years later the account balance dropped 5160.000 Look what you need to do to get the college savings plan back on track . What was the originalaual rate of return needed to reach your goal when you started the fund 3 years ago? b. Win only 160,000 in the fun and 7 years remaining until your free child is college what we ate ofttum would the fund have to make to reach you 510.000 goal if you did nothing to the account c. Shocked by your experience of the years, you feel the college funds need too much in stocks, and you want a low and in order to ensure you have the necessary 5410.000 in 7 years You are willing to make and the ninth deposits to the funds we You Ind you can get a fund that promises to pay a quaranteed annual rum 4 percent which is compounded monthly You decide to transfer 100.000 to this new find and make the cosary monthly deposits How large of a monthly deposit must you make into this new lund? d. Aher seeing how large the monthly deposit would be in part of this problem, you decide to invest the $160,000 today and $500 at the end of each month for the next years into a find consisting of 50 percent stock and 50 percent bonds and hope for the best What APR would the land have to cam in order to reach your 5410.000 goal? .. you invested 180.000 into a fund 3 years ago and hoped to have $410,000 wallabile 10 years or when your first child starts college what was the original annual rate of totum needed to reach your goal when you started the fund 3 years ago? us (Round to be decimal places) b. Now with only 160.000 in the fund and 7 years remaining untk your first child starts colope, what anal rate of retum would the fund have to earn to reach your 5410.000 goald you add nothing to the account? (Round to two decimal places c. If you decide to transfer the 5160,000 to a new tand that promises to pay a guaranteed rotum of 4 percent compounded monthly and make the necessary end of the month deposits, how large of a monthly deposit must you make into this new fund to meet your 5410.000 goalny Enter your answer in each of the answer boxes morder or your 5410.000 go? La Round to two decimal places c. If you decide to transfer the $160,000 to a new fund that promises to pay a guaranteed return of percent compounded monthly and make the necessary and of the month depos, how large of a monthly des must you make into a new fund to meet your $410.000 goal in years? (Round to the nearest cant) d. Now you decide to invest the $160,000 today and $500 at the end of each month for the next 7 years into a fund consisting of 50 percent stock and percent bonds and hope for the best What to retum would fund have to eam in order to reach your 5410 000 goal Round to two decimal places) Future value of an annuky Lot's say you deposited $180.000 in a 529 plan a tax advantaged college savings plan) hoping to have $410,000 valable 10 years later when your first child starts college However, you didn't invest very well and 3 years later the account balance dropped to $160.000. Let's look at what you need to do to get the college savings plan back on track a. What was the original annual rate of return needed to reach your goal when you started the fund 3 years ago b. With only $160.000 in the fund and 7 years remaining all your first child start college. what annual rate of return would the fund have to make to reach your 5410.000 goal if you add nothing to the account? c. Shocked by your experience of the past 3 years, you feel the college fund has invested too much in stocks, and you want a low risk fund in order to ensure you have the necessary $410,000 in 7 years. You are willing to make end of the month deposits to fund as well you find you can get a fund that promises to pay a guaranteed annual return of percent which is compounded monthly You decide to transfer the 100.000 to this new find and make d. After how large the monthly deposit would be in part of this problem you decide to invest the 160.000 today and 5500 end of each month for the next years intotund consisting of 8 percent stock and 50 percent bonde hope for the best What APR would refund have to coin in order to reach your 10.000 a you invested $100,000 to a fund 3 years ago and hoped to have $410,000 ve 10 years later when your first chats college what was the original anual de meded to reach you when you started the fund 3 years ago? Round to two decimal places) b. Now with only $160.000 in the fund and 7 years remaining will your first child start college what we ofretum would the fund have to canto reach your $410,000 goal if you did nothing to the account Round decimal places c. If you decide to transfer the $160,000 to a new fund that promises to pay a guaranteed rotum of 4 percent compounded monthly and make the necessary end of the month deposits, how large of a monthly deposit must you make into this new fund to meet your $410,000 goal in 7 years