7 is invested at the end of each 6 months for 6 equal payments at 0.27 compounded semi - annually. What is the total dollar amount available upon the deposit of t

Q: Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following…

A: First deposit = P 1000 Annual increase = P 500 Period = 4 Years Annual interest rate = 10%

Q: If P10,000 is deposited in a bank for 10 yrs at an interest rate of 7% compounded quarterly,…

A: Deposit = 10,000 Nominal Rate = 7% Compounded Quarterly Number of compounding periods = 4

Q: How much must be deposited at the beginning of each year in an account that pays 3% compounded…

A: Time value tells that amount received today is of more value than that of receiving the exact value…

Q: You agreed to make equal payments of 28,191 at the beginning of each months to discharge a debt due…

A:

Q: A given account accrues two kinds of deposits for a period of 7 years. One is a leveled deposit of…

A: Deposit account is a financial service offered by banks and other financial institutions to their…

Q: What deposit made at the beginning of each month will accumulate to $120,000 at 30% compounded…

A: The deposit amount can be calculated with the help of future value of annuity due function

Q: How much interest is earned in 4 years on P8,000.00 deposited in an account paying 6% interest,…

A: Compounded interest is a method of calculating interest on debts where interest is paid on interest…

Q: P45,000 is deposited in a savings account that pays 5%interest compounded semi-annually. Equal…

A: Perpetuity is the stream of cash flows or payments that are made at equal intervals that do not have…

Q: What is the total amount available upon the deposit of the sixth payment if P500.00 is invested at…

A: Here an amount of 500 is being deposited each year for 6 years and we have to find the total amount…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: Future value (FV) = $150,000 Interest rate = 7.6% Semi annual rate (r) = 7.6%/2 = 3.80% Period = 18…

Q: 10) $350 is deposited at the end of each month for 4 months at 8% per year compounded monthly. What…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Determine the interest rate per compounding period as a decimal. Time of payment every 6 months.…

A:

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: The equivalent annual cost is the periodic payment made towards the acquisition of an asset or…

Q: 1. If P500.00 is invested at the end of each year for 6 years at an annual interest rate of 7%, what…

A: The questions here pertain to annuity. An annuity is a stream of constant cash flow that occurs at…

Q: How many semi-annually payments will it take for $550.00 deposited at the end of each half year to…

A: Future value (FV) = $12500.00 Semi annual deposits (PMT) = $550 Compounding per year (C/Y) = 12…

Q: Find the amount invested in a saving account so that the balance at 7% interest compounded annually…

A: The amount invested today can be computed with the help of present value function.

Q: What is the final amount of $2696 payable every three months for 5 years and 9 months, if money is…

A: Here, Quarterly Payment is P2696 Time Period is 5 years and 9 months Time Period in Quarters  (n)…

Q: If for the next 30 years you place OMR 3,610 in equal annual year-end-deposits into an account…

A: Future value of annual year end deposits is calculated by future value of ordinary annuity formula.…

Q: If $7,128 is deposited into an account that earns simple interest and it takes 9 years to earn…

A: Interest earned is 1796.26 No of years =9 Annual interest is = 1796.26/9 = 199.58

Q: Money borrowed today is to be paid in 8 equal payments at the end of each quarter. If the interest…

A: Quarterly payment (Q) = P 37291 n = 8 payments r = 1% per annum = 0.25% quarterly

Q: If $4,354 is invested at the end of each year for 7 years at 0.05 compounded annually. What is the…

A: Total dollar amount available upon the deposit of the 7th payment = P{[(1 + r)^n - 1] / r}

Q: What sum of money must be deposited at the end of every 3 months into an account paying 3.7%…

A: Amount that need to be deposited in in 3moths can be calculated using the formula of the future…

Q: $480 is deposited at the beginning of every 6 months into a savings account. This will continue for…

A: An account where deposit made by accountholder is credited and credit balance is added with interest…

Q: If 400,000 is deposited at the rate of 6% compounded annually at the beginning of each period for 6…

A: The Future value of annuity due is the total future value of each cash flow which is made at the…

Q: You wish to save $58000 in an account which pays 7% compounded quarterly by making monthly deposits…

A: Given:   Expected value in the account in future  $58,000.00 Interest rate per year 7%…

Q: If $8000 is deposited at the end of each half year in an account that earns 6.2% compounded…

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

Q: If, starting one year from today, 12 equal annual deposits of $2,500 are made into an account…

A: Annual deposit (P) = $ 2500 Annual interest rate (R) = 0% Number of annual deposit (N) = 12

Q: An amount of $6,880 is deposited into an account earning 3% interest compounded quarterly. How much…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: Compute the nominal rate of intrrest at which $980 deposited at the end of eaach month quaretly for…

A: Nominal interest rate is the rate of return without considering the inflation rate or before…

Q: An amount of $1,000 is deposited in an account that carries a rate of 8% compounded semi- annually.…

A: Compound interest is referred as the interest which is calculated on principal amount which involves…

Q: A deposit of $800 is planned for the end of each year into an account paying 8 percent/year…

A: We need to use future value of ordinary annuity to solve this problem Future value of…

Q: If money is worth 12% compounded quarterly, determine the single payment at the end of the fourth…

A: The question is based on the annuity valuation. The outstanding value of every loan equals the…

Q: If the sum of P12,035 is deposited in an account earning interest at the rate of 9% compounded…

A: In this we have to use future value formula to get the future value.

Q: Regular quarterly payments of $6000 are deposited into an account paying 3.19% interest, compounded…

A: Annuity means finite no. of payments which are same in size and made in equal intervals. Person gets…

Q: (a) A sum of $2000 is deposited in a time-deposit account that pays interest at a rate of 3% per…

A: Here we will use the concept of time value of money. As per the concept of time value of money the…

Q: An annuity with a cash value of $14,000 earns 7% compounded semi-annually. End-of-period semi-annual…

A: An annuity is defined as the fixed payment made at the beginning or the end of the period for a…

Q: If you deposit #9989 into an account paying 3.6% annual interest compounded monthly, how much money…

A: The importance of future value:  Future value is a crucial estimate since it informs investors and…

Q: Do in excel What uniform annual amount should be deposited each year in order to accumulate…

A: solution future value $2,143.60 Number of period 8 present value  0 annual interest rate…

Q: What is the size of deposits made at the end of each period that will accumulate to $67200 after…

A: Formula: Size of deposits = P x [ 1 + R / T ] MT R = rate of interest M =Number of periods T =…

Q: How much must be deposited at the beginning of every six months in an account that pays 4%…

A: The amount which is deposited at the beginning of each period is called as annuity due. The period…

Q: Suppose that $3000 is deposited in a saving account at the rate of 8% per year. Determine in details…

A: Given data,                 Principal (P)  = $3000             Interest rate (r) = 8% per year…

Q: A payment of $1,750 is due in 2 years, and $5,800 is due in 5 years. What single payment made today…

A: To calculate the single payment of the payment due $ 1750 and $ 5800 in year 2 and year 5…

Q: How much must be deposited at 6% each year beginning on January 1, year 1, in order to accumulate…

A: This is the question related to compound interest and Future Amount. We use Principal , Interest and…

Q: You borrowed $120,000, agreeing to pay the balance in 12 equal annual installments at 9% annual…

A: Loan is the sum of money which is borrowed by the borrower from the lender and the amount is paid…

Q: Find i (the rate per period) and n (the number of periods) for the following annuity. Monthly…

A: Annuity means finite no. of payments which are same in size and made in equal intervals. Person gets…

Q: you  borrow $20,000 from a bank to be repaid in three equal annual instalment at 9% interest…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: 2. If $100 is deposited in a bank at the beginning of each month for 10 years, what is the…

A: Computation:

Q: Suppose $10,000 is deposited into an account that earns 10% per year for 5 years. At that point in…

A: Value of the Corpus=10,000×1.105=$16,105.10 Thus, the value of the corpus after 5 years is…