Jacqueline invested her savings in a bank at 4.25% compounded quarterly. How much money did she invest to enable withdrawals of $4,000 at the beginning of every 6 months from the investment for 8 years, if the first withdrawal is to be made in 7 years? Round to the nearest cent Trevor set up a fund that would pay her family $4,500 at the beginning of every month, in perpetuity. What was the size of the investment in the fund if it was earning 5.50% compounded semi-annually? Round to the nearest cent How much would a business have to invest in a fund to receive $23,000 at the end of every month for 6 years? The fund has an interest rate of 5.50% compounded monthly and the first withdrawal is to be made in 4 years and 1 month. $0.00 Round to the nearest cent If the market value of a telecommunications share is $283.65, calculate the year-end dividends that it should be able to pay in perpetuity if money is worth 4.50% compounded semi-annually. $0.00 Round to the nearest cent Jacqueline purchased an annuity that had an interest rate of 4.50% compounded semi- annually. It provided her with payments of $3,000 at the end of every month for 5 years. If the first withdrawal is to be made in 4 years and 1 month, how much did she pay for it? Round to the nearest cent A college plans to set up an endowment fund that will provide a scholarship of $2,000 at the end of every quarter, in perpetuity. How much should the college invest in the fund, if the fund earns 4.00% compounded quarterly? Round to the nearest cent The Anifowoses have decided to invest in a college fund for their young son. They invested $20,000 in a deferred annuity that will pay their son at the beginning of every month for 4 years, while he goes to college. If the account earns 3.50% compounded monthly and the annuity payments are deferred for 13 years, what will be the size of the monthly payments? Round to the nearest cent