Assume an individual is wanting to determine the monthly deposits if after 1 year based on monthly deposits, the account now has $12,336.42 at 6% continuous compounding. Determine the monthly deposit. $900 $1,000 $1100 $1200

Q: What lump sum of money must be deposited in a bank account at present time so that P 500 monthly can…

A: An annuity is a sequence of payments or deposits occurring at equal intervals of time for a given…

Q: You invest $11,000 in an account that pays simple interest of 2% for 1 year. Calculate the amount of…

A: Simple interest is an easy method of calculating the interest amount. Simple interest is calculated…

Q: Assume you deposit $5,700 at the end of each year into an account paying 11. interest. a. How much…

A: Yearly Deposit are of $5,700 Interest rate is 11% Time period is 19 years for Part(A) and 38 Years…

Q: uppose an individual makes an initial investment of $1,200 in an account that earns 6%, compounded…

A: We will apply the concept of time value of money here. As per the concept of time value of money the…

Q: Imagine the company that you work for borrows $8,000,000 at 8% interest, and the loan is to be paid…

A: The loan borrowed would be given, with the interest amount. The interest should be paid on the given…

Q: FIND WHICH ACCOUNT IS PAYING YOU THE MOST AT THE END OF 5 YEARS IF YOU DEPOSIT 30,000 TODAY   6%…

A: CASE I       YEAR PRINCIPAL INTEREST@6%PER ANNUM YEAR END AMOUNT 1 30000.00 1800.00 31800.00 2…

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: An amount of $4,000 is deposited into an account for which the interest rate is 5% per annum.…

A: Given Rate = 5% Time = 7years

Q: An account pays interest at 1.5% per month. If you deposit $5000 at the beginning of this year, how…

A: Future Value = Present Value * (1+rate)^n Where, Present value =$5000 rate = 1.5% or 0.015 n = no of…

Q: You deposit $175,000 in a savings account. The APR (Annual Percentage Rate) is 6%. Calculate the…

A: Effective Annual Rate(EAR) shows net rate which an investment will yield after considering…

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: How much money must you deposit now at 6% interest compounded quarterly in order to be able to…

A: The given problem can be solved using PV function in excel. PV function computes current balance…

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: Suppose that you deposited $1,000 in a savings account at the beginning of a year where the annual…

A: Deposit = $1,000 Annual interest rate = 18% Compounding = monthly

Q: Suppose you make quarterly deposits of $1,500.00 into an account that pays an interest at a rate of…

A: Answer: Calculation of the balance in the account at the end of year 2: Formula, we will use here,…

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: Deposits of $1,320 are made into an account at the beginning of every 6 months for 2 years and 6…

A: Deposits made are of $1,320 Type of payment is begining of the period Interest rate is 3.07%…

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: An individual makes five deposits that increase uniformly by Php. 300.00 every month in a saving…

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

Q: Suppose a savings account pays 7% annual interest with interest compounded daily (assume there are…

A: Daily compounding Nominal rate= 7% Number of compounding periods = 365 Deposit = 2578 N = 3285 days…

Q: You're prepared to make monthly payments of $220, beginning at the end of this month into an account…

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

Q: Find the compound interest earned if PhP 52,738 is deposited in a bank at 3.7% compounded monthly…

A: Compound Interest = P(1+r)^t - PWhere P = Principal = PhP 52,738R = Rate on interest = 3.7% / 12 =…

Q: A- A person deposited $40,000 at a bank at an interest rate of 16% compounded quarterly. Find the…

A: Deposited amount= $40,000 Interest rate (r)= 16% Compounding Frequency (n)= quarterly Effective Rate…

Q: Mark Welsch deposits $7,500 in an account that earns interest at an annual rate of 12%, compounded…

A: When a person deposits a lump-sum amount with the bank, for a fixed period of time, it is known as…

Q: If you wish to accumulate $205,000 in 6 years, how much must you deposit today in an account that…

A: Future value (FV) = $205,000 Interest rate = 15% Monthly interest rate (r) = 15%/12 = 1.25% Period =…

Q: what is the balance in an account at the end of 10 years if 5,000 is deposited today at the account…

A: The  following formula is to be used in order to find out the balance in  account A =P[1+r/n]nt…

Q: Suppose you invest $1,000.00 in an account with an annual interest rate of 6% compounded monthly…

A: To complete this table we have add simple interest on ending balance and then add deposit balance to…

Q: JP just made a deposit of $4,321 is made today in an account earning 5.3% APR compounded annually.…

A: Data given: P=Deposit amount = $4,321  r=Rate = 5.3% APR compounded annually n= 15 years   Required:…

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: A person deposits $150 per month into a savings account for 2 years. If $75 is withdrawn in months 4…

A: Cash is considered as one of the most important and valuable factors of the business, without which…

Q: An engineer deposits $8500 every semiannual(first deposit will be 6 months later) into a savings…

A: Semi Annual Deposit = 8500 Total Semi Annual Periods = 32 (16 years) Interest Rate = 18% Monthly…

Q: You owe the bank $1,245 in 9 months.  How much do you need to deposit in an account today, earning…

A: As per the given information: Amount owed to the bank - $1,245 in 9 months Earning - 3.25% APR…

Q: Suppose an investor plans to make monthly deposits into an account that pays 9% interest, compounded…

A: We will first calculate the amount needed to pay on a monthly basis so we will take the period as…

Q: An amount of $8,430 is deposited into an account earning 7% interest compounded quarterly. How much…

A: There are different types of accounts which an individual can open in a bank. It can be a savings…

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: Suppose $1,200 is deposited into an account which has an annual percentage rate of 9.81% per year.…

A: The question is based on the concept of Financial Accounting

Q: Use Table 12-1 to solve. Suppose a certain manufacturer deposits $7,000 at the beginning of each 3…

A:

Q: Your grandfather deposits $50,000 into your savings account that pays 6% interest compounded…

A: To solve the question, we first need to determine the effective annual rate of interest. This is…

Q: Your bank offers you a personal loan of $22,000.00 at an interest rate of 4.69% compounded…

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

Q: Deposits are made at the end of years 1 through 7 into an account paying 5% per year interest. The…

A: Time value of money- It is based on the concept that money earned today is worth more than similar…

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: Determine the interest rate earned on a $2,300 deposit when $2,600 is paid back in one year. (Round…

A: Future value = Present value * (1+interest )^n N is no. of years.

Q: A customer opens a savings account that applies 2% compound interest annually. If the initial…

A: The money in account at end of 2 years can be calculated as the future value of account,

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

A: Computation:

Q: Don't know how to solve

A: Ending balance after 3rd month = $2103.29 Monthly payment (M) = $150 Interest rate (r) = 0.75% per…

Q: Deposit $10,000 in account with 7% annual interest compounded monthly.  What is the balance after 3…

A: Solution:- When some amount is deposited, it earns some interest. The amount at the end along with…