The fund will disburse monthly for 12 years and the desired, Finance Basics

+44 141 628 6080
[email protected]

The fund will disburse monthly for 12 years and the desired

A firm will set up a fund for retirees. A cash contribution will be made today, in the amount of $2,000,000, and will assume to earn interest at the rate of 8% per annum. The fund will disburse monthly for 12 years, and the desired cash balance at the end of 12 years is $1,000,000. What is the monthly payment that can be made from this fund?

Answer

a.$12,132
b.$24,266
c.$17,599
d.$17,491

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: The fund will disburse monthly for 12 years and the desired

Reference No:- TGS0633212

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : A 21 kg suitcase is being pulled with constant speed by a

A 21 kg suitcase is being pulled with constant speed by a handle that is at an angle of 30 degrees above the horizontal. What was the mass of the dog food

Q : When 0577 l of ar at 120 atm and 227degc is mixed with 0296

When 0.577 L of Ar at 1.20 atm and 227°C is mixed with 0.296 L of O2 at 501 torr and 127°C in a 400. mL flask at 27°C, what is the pressure in the flask

Q : Which would you expect to have a bigger effect on the power

Which would you expect to have a bigger effect on the power consumption of a CMOS circuit, a 5% increase in power-supply voltage or a 5% increase in internal and load capacitance

Q : 2 due to expanded growth in a certain portion of the city

2) Due to expanded growth in a certain portion of the city, a new waste truck capacity is needed. An additional truck can be purchased now to replace the presently owned assets. The city uses a 5% interest rate for project evaluation. It is eco

Q : The fund will disburse monthly for 12 years and the desired

The fund will disburse monthly for 12 years, and the desired cash balance at the end of 12 years is $1,000,000. What is the monthly payment that can be made from this fund?

Q : What is the atomic weight of mn if the atomic weights for

What is the atomic weight of Mn if the atomic weights for Ag and Br are 107.868 and 79.904 respectively

Q : Designate true t or false f for each of the following

Designate True (T) or False (F) for each of the following statements and a sample of an optically active substance that consists of a single enantiomer is said to have an enantiomeric excess of 100%.

Q : Let un be a sequence of iid zero-meanunit-variance gaussian

Let Un be a sequence of iid zero-mean,unit-variance Gaussian random variables. A "low pass filter" takes the sequence Un and produces the sequence Xn =1/2 ( Un +Un-1) a.) Does this sequence converge in the mean square sense

Q : Applied technology inc ati produces bicycle frames using

Applied Technology, Inc. (ATI) produces bicycle frames using two fiberglass materials that improve the strength-to-weight ratio of the frames. The cost of the standard grade material is $7.50 per yard and the cost of the professional grade mat

1924927

Questions
Asked

3,689

Active Tutors

1427466

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: The fund will disburse monthly for 12 years and the desired

Reference No:- TGS0633212

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : A 21 kg suitcase is being pulled with constant speed by a

Q : When 0577 l of ar at 120 atm and 227degc is mixed with 0296

Q : Which would you expect to have a bigger effect on the power

Q : 2 due to expanded growth in a certain portion of the city

Q : The fund will disburse monthly for 12 years and the desired

Q : What is the atomic weight of mn if the atomic weights for

Q : Designate true t or false f for each of the following

Q : Let un be a sequence of iid zero-meanunit-variance gaussian

Q : Applied technology inc ati produces bicycle frames using

What is a behavioral indicator related to family

Identify one antecedent, one behaviour, and one consequence

Discuss children diagnosed with developmental disabilities

Describe the results, including any scores

Problem regarding the america youth and social media

Identify a true statement about validity

Why you feel unpleasantly hot and sweaty

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: The fund will disburse monthly for 12 years and the desired

Reference No:- TGS0633212

Recent Questions Asked Finance Basics

Q : A 21 kg suitcase is being pulled with constant speed by a

Q : When 0577 l of ar at 120 atm and 227degc is mixed with 0296

Q : Which would you expect to have a bigger effect on the power

Q : 2 due to expanded growth in a certain portion of the city

Q : The fund will disburse monthly for 12 years and the desired

Q : What is the atomic weight of mn if the atomic weights for

Q : Designate true t or false f for each of the following

Q : Let un be a sequence of iid zero-meanunit-variance gaussian

Q : Applied technology inc ati produces bicycle frames using

Asked Questions