Calculate the amount of money that will be in each of the following accounts at the end of the given deposit period: Compounding Period (Compounded every Months) Annual Deposit Amount Interest Period Deposited RM 1,000 95,000 8,000 120,000 30,000 15,000 Account Rate (Years) Jawa Scottish Mawar Berduri The Piranha 10 % 12 10 12 1 1 12 2 Lea Rose 8. 3 2 Bunga Larangan Lin Suhaimi 10 4 12 4 3
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- 2 – Time Value of MoneyCalculate the amount of money that will be in each of the following accounts at the end of the given deposit period:Annual Compounding Period DepositAmount Interest (Compounded every PeriodAccount Deposited Rate ___ Months) (Years)Jawa Scottish RM 1,000 10 % 12 10Mawar Berduri 95,000 12 1 1The Piranha 8,000 12 2 2Lea Rose 120,000 8 3 2Bunga Larangan 30,000 10 6 4Lin Suhaimi 15,000Related to Checkpoint 5.3) (Compound interest with non-annual periods) Calculate the amount of money that will be in each of the following accounts at the end of the given deposit period: Account Holder Amount Deposited Annual Interest Rate Compounding Periods Per Year (M) Compounding Periods (Years) Theodore Logan III $ 1,100 18 % 4 6 Vernell Coles 95,000 8 2 2 Tina Elliot 9,000 8 1 5 Wayne Robinson 119,000 12 3 4 Eunice Chung 30,000 18 6 6 Kelly Cravens 14,000 12 12 5(Related to Checkpoint 5.3) (Compound interest with non-annual periods) Calculate the amount of money that will be in each of the following accounts at the end of the given deposit period: Account Holder Amount Deposited Annual Interest Rate Compounding Periods Per Year (M) Compounding Periods (Years) Theodore Logan III $ 1,100 18 % 4 6 Vernell Coles 95,000 8 2 2 Tina Elliot 9,000 8 1 5 Wayne Robinson 119,000 12 3 4 Eunice Chung 30,000 18 6 6 Kelly Cravens 14,000 12 12 5 a. The amount of money in Theodore Logan III's account at the end of 6 years will be $enter your response here. (Round to the nearest cent.) Part 2 b. The amount of money in Vernell Coles' account at the end of 2 year(s) will be $enter your response here. (Round to the nearest cent.)…
- . Estimate the duration of Deposit NBank Balance SheetCash = $ 50Loan M (7%, 6 years) = $200Deposit N (3 years, 2%) = $ 200Equity = $ 50Total Assets = $250Total Liabilities = $ 250 a.1.94 b. 2.94 c. 3.94 d. 4.94Calculate the amount of money that will be in each of the following accounts at the end of the given deposit period: Account Holder Amount Deposited AnnualInterest Rate CompoundingPeriods Per Year (M) CompoundingPeriods (Years)Theodore Logan III $1,000 10% 1 10Vernell Coles $95,000 12% 12 1Tina Elliot $8,000 12% 6 2Wayne Robinson $120,000 8% 4 2Eunice Chung $30,000 10% 2 4Kelly Cravens $15,000 12% 3 3march eacg Letter to the correct number answer to the left: 1. Interest 2. Monetary asset 3. Compound interest 4. Simple interest 5. Annuity 6. Present value of a single amount 7. Annuity due 8. Future value of a single amount 9. Ordinary annuity 10. Effective rate or yield 11. Nonmonetary asset 12. Time value of money 13. Monetary liability 1. ______ 2. ______ 3. ______ 4. ______ 5. ______ 6. ______ 7. ______ 8. ______ 9. ______ 10. ______ 11. ______ 12. ______ 13. ______ a. First cash flow occurs one period after agreement begins b. The rate at which money will actually grow during a year c. First cash flow occurs on the first day of the agreement d. The amount of money that a dollar will grow to e. Amount of money paid/received in excess of amount borrowed/lent f. Obligation to pay a sum of cash, the amount of which…
- Question Content Area Assuming a 360-day year, the interest charged by the bank, at the rate of 7%, on a 90-day, discounted note payable of $91,392 is a.$3,199 b.$91,392 c.$6,397 d.$1,599Problem 4. Receivables The balance of PT Renjana's Receivables as of 31 December 2018 was IDR 1,389,000,000, allowance for doubtful accounts was IDR 27,780,000. The transactions for 2019 are as follows: Lending money on March 1, 2019, and receiving notes payable from PT Mirana IDR 120,000,000, 13%, 3 years. Similar money orders carry a 12% risk. (PVF3.12% = 0.71178; PVFOA3.12% = 2.40183). On September 1, 2019, as collateral for PT Nina's receivables Rp. 700,000,000 to Bank Mandiri as collateral for notes payable of 10%, Rp. 400,000,000, finance charge of 1% on notes payable. Lending money to PT Melati on October 1, 2019 IDR 50,000,000, 12%, 6 months. Write off PT Sarita's Rp 80,000,000 receivables due to bankruptcy. Factoring receivables of Rp. 700,000,000 to PT Kirana Finance, finance expense of 1.5% of the factored receivables and retained 1%. Credit sales of IDR 1,345,000,000. At the end of November 31, 2019, PT Nina's receivables were collateralized for IDR 280 million, 1%…Question: Use the following information to answer the next two questions: You deposited the following stream of cash flow at the end of the year: Year deposit rate of interest 1 5000 8% 4 4000 8.5% 6 7000 10% What will be the total amount in your account at the end of 6 years? 2. What is the present value of your deposit?
- 4. What account should you invest your money in? (Hint. Calculate the APY of each account) Account 1: Compounded annually with APR of 3%Account 2: compounded monthly with APR of 2.75%Parts a–c for each of the following cases. Answer parts a–c for each of the following cases. Case Amount of Initial Deposit ($) Stated Annual Rate, r(%) Compounding Frequency, m (times/year) Deposit Period (years) A 2,500 6 2 5 B 50,000 12 6 3 C 1,000 5 1 10 D 20,000 16 4 6 a. Calculate the future value at the end of the specified deposit period.b. Determine the effective annual rate (EAR).c. Compare the stated annual rate (r) to the effective annual rate(EAR). What relationship exists between compounding frequency and the stated and effective annual rates?Question 2 Compute the value in 18 years of a $2,000 deposit earning 9 percent per year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Future Value