A deposit $400 today in an account paying 7% per year. What would be the balance in your account after 6 years? O A. S2861 O B. $3065 Oc. S600 O D. $568

Q: Scved First City Bank pays 8 percent simple Interest on its savings account balonces, vhereas Second…

A: GIVEN ÷ First city bank pays 8% simple interest Second city bank pay 8% compounded interest Deposit…

Q: A credit union pays 7.7% annual interest compounded daly. What deposit today (present value) would…

A: Here the compounding is daily. We need to find the effective annual rate (EAR) first and then solve…

Q: David’s bank offers a 36-month Certificate of Deposit (CD) with an APR of 2.25%. Use the compound…

A: CD duration (n) = 36 months r = 2.25% per annum = 0.1875% per month

Q: 1. you deposit $500 into an account that pays 4.2% interest compounded monthly. how much money will…

A: Given details are : Present value (investment today) = $500 Interest rate = 4.2% Time period of…

Q: Q2. Deposits are to be made to an account as indicated in the table below which bears interest at…

A:

Q: 3) $4491 is deposited into a savings account at 4% interest, compounded quarterly. To the nearest…

A: Here, Deposit Amount (PV) is $4491 Interest Rate (r) is 4% Compounding Period (m) is Quarterly i.e.…

Q: You deposited $8,000 six years ago into a bank account.  Two years ago, you deposited an additional…

A: Here, Amount Deposited 6 years ago = $8,000 Total years of deposit of $8000 = 6+10 = 16 years Total…

Q: Assume you deposit $1,000 today in an account that pays 8 percent interest (compounded annually).…

A: Given: Present value = $1,000 Years = 4 Interest rate = 8%

Q: You deposit Rs.5000 today in an account drawing 12% compounded quarterly. How much will you have in…

A: Present value = Rs. 5000 Annual interest  rate = 12% Quarterly interest rate = 12%/4 = 3% Period =…

Q: What principal you have to deposit in a 4.5% savings account compounded continuously in order to…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: Felipe Rivera's savings account has a balance of $3901. After 3 years what will the amour of…

A: Given information: Savings account balance of $3,901 Interest rate is 1.9% compounded quarterly…

Q: You deposit Rs.5000 today in an account drawing 12% compounded quarterly. How much will you have in…

A: Deposit amount (PV) = Rs. 5000 Annual interest rate = 12% Quarterly interest rate (R) = 12%/4 = 3%…

Q: 15. You deposit $8,000 in a bank account today. You make another deposit of $14,000 into the account…

A: In the given question we need to calculate the future value at the end of year 3.

Q: 1. You wish to have $10,000 in an account 10 years from now. How much money must be deposited in the…

A: Future value (FV) = $10,000 Interest rate (r) = 8% Period (n) = 10 Years

Q: If you deposit RM15,00O in an account earning 18% with quartely compounding how much would you have…

A: Using the future value function in excel

Q: 01 O63 9a How much money should be deposited today in an account that earns 5% compounded…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

Q: A bank account pays 5.2 % annual interest compounded semiannually. How much money should be…

A: The amount to be deposited today can be calculated with the help of present value function Future…

Q: You put $1, 000 into a savings account today that offers a 5% APR with semi-annual compounding…

A: Number of period is 4 (2 x 2).

Q: after six months you deposit R1700 jnto an ordinary savings account, at 7,5% interest per anum,…

A: In this we have to calculate future value using future value formula.

Q: Leonardo's bank account contains $1,200,000. Leonardo will make equal monthly withdrawals at the end…

A: Monthly payment The minimum amount that is required to paid/withdrawn every month by an individual.

Q: How much is accumulated for a savings plan with a deposit P1, 900 today at 13% compounded quarterly…

A: Deposit amount (D) = P1900 Interest rate = 13% Quarterly interest rate (r) = 13%/4 = 3.25% Period =…

Q: 13) A thousand dollars is left in a credit union drawing 7% compounded monthly. What is the balance…

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

Q: 1 You deposit P10 000 into a 9% account today . At the end of two years , you will deposit P30 000 .…

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

Q: fter 22 years of 7.2% interest compounded monthly, an account has ₱502,355. What was the original…

A: Original amount is the present value and can be found out by calculating the present value of…

Q: A man deposited P5,000 in a bank at a rate of 10% per annum for 9months and 25days. Find the…

A: Future value of deposits is the sum of all the deposits compounded using the provided discount rate.

Q: Annuily:- Q H3 (B) Amount of In Raza deposits $1,000 in a bank D Razn at the end en each year por…

A: Given:   Amount Deposited each year $1,000 Number of years 12 Time of deposit Year-end…

Q: 7. You deposit R1 000 annually at the beginning of each of five years into a savings account paying…

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

Q: A man deposited P5,000 in a bank at a rate of 10% per annum for 4months and 25days. Find the…

A: Simple interest is an interest calculated on the principal portion of a loan or original…

Q: A man deposited P2,000 in a bank at a rate of 10% per annum for 10months and 25days. Find the…

A: Simple Interest:-It is an interest paid over the principal loan amount in a fixed percentage after a…

Q: Q1) A man deposited $10,000 in a bank saving account that pays X % / year compounded monthly. He…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: You borrow $64,000 in the form of an unsubsidized loan at 3.98% APR. How much money do you owe when…

A: Given: Loan amount = $64,000 APR = 3.98% Period 6 months

Q: 6) How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: PV = FV /(1+r)^n Where r = rate per period  i.e. 6%/12 =0.05% n = no of compounding period  i.e.…

Q: You want to withdraw $ 21,769 from your account at the end of one year and $ 34,587 at the end of…

A: As per the given information: Withdrawals at the end of the one year - $21,769 Withdrawals at the…

Q: Q2. Deposits are to be made to an account as indicated in the table below which bears interest at…

A:

Q: Find the balance of the account earning compound interest annually $7000 at 2% for 4 years. S7000 at…

A: Solution:- Future amount means the amount after the effect of compounding after specified years.…

Q: A savings account earns 2.5% interest. If $3000 is invested, How many years is it until each of the…

A: Compound Interest is the addition of interest to the principal sum of a loan or deposit, simply it…

Q: A man deposited P5,000 in a bank at a rate of 10% per annum for 8months and 25days. Find the…

A: Accumulated amount at the end of specified period is the sum of interest payment which a person is…

Q: Carla deposits $1,000 in the bank and the bank is paying a 4% interest rate.  Assuming no other…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: An individual makes five annual deposits of P 2,000 in a savings account  that pays interest at a…

A: Annual deposit = 2,000 Interest Rate = 4% Period = 5 Years    After 5 year the interest rate is…

Q: Q2. Deposits are to be made to an account as indicated in the table below which bears interest at…

A: Here,

Q: If you deposit RM5,072 in an account earning 9%, how much would you have in the account after 15…

A: Using the FV function in excel

Q: A woman bought an expensive bag costing P 60,000 payable in 12 quarterly payments each installment…

A: Given: Particulars Amount Loan           P60,000 Periods 12 Interest rate 24%

Q: f you deposit RM3,305 in an account earning 12%, how much would you have in the account after 15…

A: Using the future value function in excel

Q: g. Suppose you borrowed Kshs. 30,000 from your bank to finance a start- up business. The bank…

A: PMT is the periodic payment made.

Q: Suppose you deposit $1,751.00 into an account today that earns 5.00%. It will take ___ years for the…

A: Solved using TVM Solver  PV = +/- 1,751 I/Y = 5 FV = 2,806 CPT N = 9.6653 Years  = 9.67 Years

Q: How much money should be deposited today in an account that earns 5% compounded semiannually so that…

A: Let P be the amount to be deposited today.r = rate per annum = 5%m = frequency of compunding in a…

Q: You deposit $1,000 in a bank account at the beginning of Year 1. How much will be in the account…

A: Solution-1   Deposit at the beginning of year 1 $1,000 Furture value of $1 at 4% for 12 period…