PLEASE USE SHARP EL-738F FINANCIAL CALCULATOR IN ANSWERING
THE TOPIC IS DEFERAL ANNUITY. THE QUESTIONS ARE ON THE PHOTO ATTACHED
PLEASE USE FINANCIAL CALCULATOR IN ANSWERING PROVIDE THE AMOUNT OF N, I/Y, P/Y, C/Y, PV, FV, AND PMT 4. Li Jun invested his savings in a bank at 3.00% compounded quarterly. How much money did he invest to enable withdrawals of $4,000 at the beginning of every 6 months from the investment for 6 years, if the first withdrawal is to be made in 10 years? N= 1/Y= P/Y = C/Y= PV = FV= PMT= 5. A college plans to set up an endowment fund that will provide a scholarship of $5,000 at the end of every quarter, in perpetuity. How much should the college invest in the fund, if the fund earns 5.50% compounded quarterly N= 1/Y= P/Y = C/Y= PV= FV= PMT= 6. Taylor set up a fund that would pay his family $4,000 at the beginning of every month, in perpetuity. What was the size of the investment in the fund if it was earning 3.00% compounded semi-annually? N= 1/Y= P/Y = C/Y= PV= FV= PMT= 7. If the market value of a telecommunications share is $263.05, calculate the year-end dividends that it should be able to pay in perpetuity if money is worth 4.50% compounded semi-annually. N= 1/Y= P/Y= C/Y= PV= FV- PMT=PLEASE USE FINANCIAL CALCULATOR IN ANSWERING PROVIDE THE AMOUNT OF N, 1/Y, P/Y, C/Y, PV, FV, AND PMT 1. How much would a business have to invest in a fund to receive $18,000 at the end of every month for 7 years? The month. fund has an interest rate of 4.50% compounded monthly and the first withdrawal is to be made in 3 years and 1 N= 1/Y= P/Y = C/Y= PV= FV= PMT= 2. Emily purchased an annuity that had an interest rate of 3.00% compounded semi-annually. It provided him with payments of $3,500 at the end of every month for 6 years. If the first withdrawal is to be made in 5 years and 1 month, how much did he pay for it? N= 1/Y= P/Y = C/Y= PV= FV= PMT= 3. The Patchmans have decided to invest in a college fund for their young son. They invested $30,000 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 3.00% compounded monthly and the annuity payments are deferred for 14 years, what will be the size of the monthly payments? N= I/Y= P/Y = C/Y= PV= FV= PMT=