2. Jenny is planning to deposit P17,000 Quezon Metropolitan Bank is offering 7.5% compounded semi-annually for 5 years while Quezon Premier Bank is offering 7% compounded monthly for 5 years. Which bank should shr deposit her money?

Q: 4. A group of 4 students plan to put up a camputer shop that requires a capital of Php260, 000. They…

A: The given problem can be solved using NPER function in excel. NPER function computes no. of…

Q: Suppose an individual makes an initial investment of $2,200 in an account that earns 7.8%,…

A: An individual investor made deposits initially and continues to invest on monthly basis for 12…

Q: client deposits $5 million in a savings account that pays 5 percent per year compounded quarterly.…

A: The given problem can be solved using FV function in excel. FV function computes amount value in…

Q: . Your client deposits $5 million in a savings account that pays 5 percent per year compounded…

A: Following is the answer to the question

Q: Assume you deposit $5,400 at the end of each year into an account paying 10.5 percent interest. a.…

A: We will have to use the following formula to calculate the future value of an ordinary annuity:…

Q: A bank is offering 10% compounded quarterly. If you put $200 in an account, how much will you have…

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A: Amount Deposited each year is P10,000 Time period is 9 years Interest rate is 14 % compounded…

Q: How much will your investment be worth in 17 years at each bank?

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Q: John already has $55,600 today in his savings account earning 5.5% compounded semiannually. The…

A: Here,

Q: 1. First City Bank pays 7 percent simple interest on its savings account balances, where Second City…

A: 1) Simple interest rate of First City Bank (r) = 7% Compound interest rate of Second City Bank (i) =…

Q: Mr. Santos will deposit P10, 000 at the ABC bank at the end of each quarter for 2 years. If the bank…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 3. You have a bank deposit now worth $5000. How long will it take for your deposit to be worth more…

A: Time period for a present value to accumulate to future value is calculated by NPER function in…

Q: You plan to deposit $4,000 today, $2,000 in one year and $4,000 in two years into an account earning…

A: Here, Deposit Amount  today (D0) is $4,000 Deposit Amount in One Year (D1) is $2,000 Deposit Amount…

Q: Peter has RM10,000 that he can deposit in any three savings accounts for a 3-year period. Bank A…

A: answer deposit amount =RM10,000 Rate of interest = 4% period = 3 year bank A = compounding annual…

Q: Determine the value of n and t in each problem below. In the coming three years, you will need Php…

A: solution Given for first question Future value needed 200000 Present value ?…

Q: Jenny is planning to deposit ₱17,000.00 Quezon Metropolitan Bank is offering 7.5% compounded…

A: The effective annual rate can be used to compare the two different interest with different…

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A: Note: No intermediate rounding is done, only the answer is rounded off to nearest whole number.a)…

Q: a) How much is in the account after the last deposit is made? (b) How much was deposited (c) What…

A: In order to find the following questions, one needs to use excel and apple functions like PMT, FV…

Q: Jenny is planning to deposit P17,000.00 Quezon Metropolitan Bank is offering 7.5% compounded…

A: The effective annual rate can be used to compare the two different interest with different…

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A: Amount deposited each year for 10 years is P30,000 Cost of monry is 14% Total number of withdrawals…

Q: 5. If P50,000.00 is deposited each year for 10 years, how much annuity can a person get annually…

A: Annuity means a finite number of payments which are the same in size and made in equal intervals of…

Q: Arman will pay back a P450,000 loan at the end of 26 months. This loan has an annual simple discount…

A: The loan is a value that is borrowed from external sources like banks and this amount is repaid…

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A: The deposit required to be made today can be calculated as the present value

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A: Interest is an additional amount which is earned on deposited amount for the period. It increases…

Q: If you deposit RM15,000 in an account earning 20% with semi annually compounding, how much would you…

A: Compounding is a way to find the FV of a deposited amount by considering the appropriate rate for…

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A: Future value can be referred to as the value of an underlying asset or security at a future date.…

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Q: You have $5,000 to deposit. Regency Bank offers 15 percent per year compounded monthly (1.25 percent…

A: Data given:: Amount = $5000 Regency Bank offers = 15% compounded monthly (15%/12 = 1.25%) King Bank…

Q: stomer wishes to have an amount of R300 000 at the end of 10 years. The bank pays an interest rate…

A: The given problem can be solved using PV function in excel. PV function computes present worth for…

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Q: Taki deposits P50,000 in a bank account at 6% compounded monthly for 5 years. If the inflation rate…

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Q: PLEASE DONT USE EXCEL A bank offers a 10% interest to be compounded annually. How much should a…

A: Interest rate (r) = 10% Annual deposit (P) = Php 35000 Number of annual deposits (n) = 3

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A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Suppose you loaned P200,000 from a local bank to be paid back uniformly in five years. How much will…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: Jenny  is  planning  to  deposit  ₱17,000.00 Quezon  Metropolitan  Bank  is  offering 7.5%…

A: Compound interest is also called as interest on the amount of interest. In other words this is the…

Q: t lump sum of money must be deposited into a bank account at the present time so that $500 per month…

A: Future withdrawal monthly depends on the monthly interest rate and period of withdrawal for which…

Q: If P10,000 is deposited each year for 9 years, how much annuity can a person get semi-annually from…

A: Present Value- The present value of an investment or amount is its value today. It is the current…

Q: . How long will it take to accumulate P5,000 to P7,000 if interest rate is 6% compounded quarterly?

A: Honor code: Since you have asked multiple questions, we will solve the first question for you. If…

Q: The first national bank has agreed to lend you $30,000 today, but you must repay $42,135 in 3 years.…

A: Given: Present value =$30000Future value =$42135Time period =3 years

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A: Time value of money (TVM) means that the amount of money received in the present period will have…

Q: Bank A offers a nominal annual interest rateof 6.5% compounded daily, while Bank B offerscontinuous…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…