How much will robin receive every three months robin

Assignment Help Financial Management

Reference no: EM132007653

DEVINE CASE

Starting three months after her grandson Robin's birth, Mrs. Devine made deposits of $80 into a trust fund every three months until Robin was eighteen years old. The trust fund provides for equal withdrawals at the end of each quarter for four years, beginning three months after the last deposit. If interest is 6.19% compounded quarterly, how much will Robin receive every three months Robin will receive $___.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Also Devine wanst to planning to bought a car, if Devine bought a car priced at 16,100 for 15% down and equal monthly payments for five years. If interest is 7% compounded monthly, what is the size of the monthly payment?

The monthly payment for devine will be then $___.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Reference no: EM132007653

Questions Cloud

Tester conclude about the command output : Which of the following should the penetration tester conclude about the command output? The answer choices are below and please provide an explanation.

What is the total compensation expense needed : What is the total compensation expense needed to be recognized under US GAAP for each year from 2017 to 2021? What is the total compensation expense needed?

Differentiate strategic controls and financial controls : as a strategic leader, determine if you would feel ethically responsible for developing your firm's human capital and state why.

How does a data model differ from a database design : What are some of the specifics of a dbms that must be taken into consideration when building a database design?

How much will robin receive every three months robin : how much will Robin receive every three months Robin will receive $___.

Microsoft azure versus hosting applications : Need help with showing the pros and cons of using Amazon Web Service or Microsoft Azure versus hosting applications internally.

What skills or vocal image were examined well : What skills or vocal image were examined well by your classmate? Do you agree with them and why? Were any skills or observations overlooked?

Determining the cyber crime perspective : Which should you be most concerned about from a cyber crime perspective: organized crime, nation-states or individual rogue adversaries

Identify the parts of the model for improving interpersonal : In evaluating personality types and cognitive styles, which types/styles do you consider important for identifying with personality differences among people?

User Account

All Pages