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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

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PLEASE USE SHARP EL-738F FINANCIAL CALCULATOR IN ANSWERING

THE TOPIC IS DEFERAL ANNUITY. THE QUESTIONS ARE ON THE PHOTO ATTACHED

image text in transcribedimage text in transcribed
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=

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