Who can collaborate with me on financial planning?

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Collaboration is sought in financial planning, specifically related to a problem involving an inheritance and annuity payments. The scenario describes an inheritance that was sufficient at 8% interest to pay $5,000 annually for ten years, with actual earnings at 10%. The question posed is how much excess interest accumulated in the fund after five years, with a suggested answer of $3,544.22. Participants are encouraged to use resources like Excel or online financial calculators for assistance. However, there is a reminder that forum members are not obligated to complete homework tasks for others.
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hy,,,, We are doing work in the field of financial mathematics. Is there anyone who can colaborate with us in the field of financial planing.
 
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The original amount of an inheritance was just sufficient at 8% effective to pay 5000 at the end of each year for 10 years.the payments of 5000 were made for the first 5 years even though the fund actually
Earned 10% effective.how much excess interest was in the fund at the end of 5 years?

answer is 3544.22..please help me in finding the approach to solve it

it is a kind of amorization I think.:wink:
 
tala said:
The original amount of an inheritance was just sufficient at 8% effective to pay 5000 at the end of each year for 10 years.the payments of 5000 were made for the first 5 years even though the fund actually
Earned 10% effective.how much excess interest was in the fund at the end of 5 years?

answer is 3544.22..please help me in finding the approach to solve it

it is a kind of amorization I think.:wink:


If anyone know the answer please tell me..I need it:cry:
 
Use Wiki or Excel:
future value of annuity, present value of an annuity, finance calcs. for engineers, equipment replacement strategies, etc.
It's on the Web or in any tech lib.
 
tala said:
If anyone know the answer please tell me..I need it:cry:


Nobody here will do your homework for you.
 
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