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- True or False 1. The future worth of a perpetuity from one (1) to n years is undefined because as n approaches infinity, the valuebecomes 0. 2. Perpetuity is derived from the fact that the number of compounding periods approaches to infinity while the nominal interest rate approaches to 0. This then lumps the expression into e.Complete solution needed Eleanor makes year-end deposits of P5000 the first year, P5500 the second year, P6050 the third year, and so on, increasing the next year's deposit by 10% of the deposit in the preceding year until the end of the tenth year. Ronald deposits Php9,100 during the first year, Php 8,600 in the second year, and amounts decreasing by Php 500 every year. If interest on both funds is 12% compounded annually, who will be able to save more at the end of the 10 years? Draw the cash flow diagram for both situations.When will an amount be tripled with an interest rate of 11.56% a. 9 years b. 10 years c. 11 years d. 12 years
- Mr and Mrs Smarts are deposit $10,000 on December 31st every year towards their retirement. If the bank is giving them an interest rate of 11% per year on their account and inflation is expected to average 4% per year in the next several years, how much money will their retirement account have after 20 years in actual dollars and in real dollars. Click the icon to view the interest and annuity table for discrete compounding when i = 4% per year. Click the icon to view the interest and annuity table for discrete compounding when i = 11% per year. ..... In actual dollars: O A. $293,013 O B. $398,103 O C. $642,028 O D.$1,079,373 In real dollars: O A. $1,079,373 O B. $398,103 O C. $642,028 O D. $293,013Suppose that on September 30, 2021, a person opened an investment account with an initial deposit of $20,000. The account guarantees to pay interest at a nominal annual rate of 6%, compounded monthly. The person plans to deposit $3,000 into the account at the end of each and every month starting on October 31, 2021 and ending on March 31, 2024 (a total of 30 additional deposits). (a) How much money will be in the account after the 30th additional deposit is made? (b) What is the total amount of interest that will be earned over the 30-month planning horizon? (c) What is the effective annual interest rate that will be earned? Express your answer to the nearest tenth of a percent, i.e., in the form xx.x%.For a principal borrowed under %14 nominal interest rate, compounded annually, a bank offers two alternative payment plans in gradient series with 35 years of payment horizon Base payment of $1000 at the end of the first year, and at the end of every next year, the payment size will be increased by $25 compared to the previous year. Base payment of $800 at the end of the first year, and at the end of every next year, the payment size will be increased by a constant $x compared to the previous year. What is x? Choose the closest value to your answer. For a principal borrowed under %14 nominal interest rate, compounded annually, a bank offers two alternative payment plans in gradient series with 35 years of payment horizon Base payment of $1000 at the end of the first year, and at the end of every next year, the payment size will be increased by $25 compared to the previous year. Base payment of $800 at the end of the first year, and at the end of every next year, the payment size…
- Richard wants to ensure that at least some of his descendants are well educated in perpetuity. He is planning for 5 college students each generation at $125,000 each. He estimates that the generations will be spaced every 25 years, but the first generation will be in 10 years. If the trust will earn 6%, how much money should be deposited now? Please state the formula and the given. Step by step Solutions.How long will it take money to triple in an account if it pays interest expressed as 8% nominal annual compounded continuously? (a) 13.73 years (b) 14.27 years (c) Your money will never triple. (d) None of the aboveUPVOTE WILL BE GIVEN. PLEASE WRITE THE COMPLETE SOLUTIONS AND DRAW THE CASH FLOW DIAGRAM. NO LONG EXPLANATION NEEDED. ANSWER IN 2 DECIMAL PLACES. How much money should be deposited each year for 8 years starting 1 year from today, if you wish to withdraw $7,227 each year for 10 years, beginning at the end of 15 years? Let i=12% per year.
- Your firm is based in the UK, just received USD 825,000 from a customer in the U.S., and wants to convert the USD to GBP. The bank is quoting a spot rate of GBP/USD 1.2283 - 1.2425. How much will you receive in British pounds (GBP)? A. GBP 1,013,348 B. GBP 663,984 C. GBP 671,660 D. GBP 1,025,063EesE family borrows P600,000 for the annual JS Promenade, money is 12% compounded annually, agreeing to repay the loan in 15 equal payment. What is the value of equal payment? a. P214,285.71 b. P109,617.75 c. None of these d. P88,094.54You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semiannual interest payment. The bond rate is 6.6% per year payable semiannually. You plan to hold the bond for 6 years, selling the bond immediately after you receive the interest payment. If your desired nominal yield is 10% per year compounded semiannually, what will be your minimum selling price for the bond?