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Wiseman Video plans to make four annual deposits of $2,500 each to a special building fund. The fund's assets will be invested in mortgage instruments
Wiseman Video plans to make four annual deposits of $2,500 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay Interest at 12% on the fund's balance. FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use approprlete factors from the tables provided.) Determine how much will be accumulated in the fund on December 31, 2024, under each of the following situations. 1. The first $2.500 deposit is made on December 31, 2021, and interest is compounded annually 2. The first $2.500 deposit is made on December 31, 2020, and interest is compounded annually 3. The first $2,500 deposit is made on December 31, 2020, and Interest is compounded quarterly. 4. The first $2,500 deposit is made on December 31, 2020, Interest is compounded annually, and interest earned is withdrawn at the end of each year.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 first $2,500 deposit is made on December 31, 2021, and interest is compounde answers to nearest whole dollar amount.) Table or calculator function: Deposit: Fund balance 12/31/2024: Required 1 Required 2 Required 3 Required 4 The first $2,500 deposit is made on December 31, 2020, and interest is compounde answers to nearest whole dollar amount.) Table or calculator function: Deposit: Fund balance 12/31/2024: Required 1 Required 2 Required 3 Required 4 The first $2,500 deposit is made on December 31, 2020, and inte answers to nearest whole dollar amount.) Deposit Date a= Deposit Fund Balance 12/31/2024 12/31/2020 12/31/2021 2,500 2,500 2,500 2,500 12/31/2022 12/31/2023 Required 1 Required 2 Required 3 Required 4 The first $2,500 deposit is made on December 31, 2020 withdrawn at the end of each year. Deposit Amount 2,500 No. of Payments Interest left in Fund Fund Balance 12/31/2024
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