An investment of P2658 is made at the beginning of each month for 4 years and 11 months. How much will the investment be at the end of the term, if interest is 5% compounded monthly? Round your answer to 2 decimal places.
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- What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 8 years and a quarterly payments $2,000 of the next 5 years if the interest rate is 8% compounded bimonthly? Note: Round off your interest rate to five decimal places Round your answer to 2 decimal places.How much do eight ₱ 76,990 quarterly payments amount at present, if the interest rate is 3 compounded quarterly?What is the future value of $3,000 saved for 6 years at 4% interest compounded annually? Enter your answer rounded to two decimal places.
- Annuity 1. What is the current value of a $50 payment to be made at the beginning of each year, for three years if the prevailing rate of interest is 7% compounded annually?1) A child’s grandparents have opened a ₱586702 savings account for the child on the day of her birth. The account pays 1.7% compounded semiannually. The child will be allowed to withdraw the money when she reaches the age of 21. What will the account be worth at that time? Round your answer to 2 decimal places. 2) What simple interest rate (in %) is equivalent to 6.5% compounded quarterly if money is invested for 8 years? Round your answer to 2 decimal places.You were entitled to receive $5,000 at the end of six months for the rest of your life. If the interest rate is 10% compounded monthly, what is the present value of perpetuity? can someone explain how come the answer is 97,936.84?
- If you want to buy a car in two years that cost $20,000.00, how much should put away every month if you can get a six percent nominal annual interest rate-compounded monthly?Suppose that $5,000 is placed in a bank account at the end of each quarter over the next 9 years. What is the future worth at the end of 9 years when the interest rate is 14 compounded at the given intervals? (a) Quarterly (b) Monthly (c) ContinuouslyWhat is the future value of $8600 a year for 32 years at 8.1 percent interest, compounded annually?
- What is the amount of 10 equal annual deposits that can provide five annualwithdrawals, when a first withdrawal of $3,000 is made at the end of year 11 and subsequent withdrawals increase at the rate of 6% per year over the previous year's rate if(a) the interest rate is 8% compounded annually?(b) the interest rate is 6% compounded annually?How much money would you need to deposit today at 8% interest compounded quarterly to have $15,000 in the account after 8 semi annuals?Need asap... If you invest $750 at an interest rate of 7% compounded annually how much would the $750 be worth in five years? Make sure to show two places to the right of the decimal. You don't need to include a dollar sign or comma separator.