Daniel deposited (RM 6000 + m) in a savings account for 12 years at a nominal rate of 9% compounded quarterly, where m is 305. Find the compound amount and compound interest.

Q: A man pays his debt in the following manner: P718 after 1 yr., and decreases P100 every year up to…

A: The accumulated value at the end of the 6th year will be the future value of the payments made at…

Q: An individual makes 6 annual deposits of P2,000 in a savings account that pays interest rate of 4%…

A: Annual deposit = P 2000 Number of annual deposit = 6 Interest rate for first 8 years = 4% Interest…

Q: Kim deposits $1,000 in a savings account. Four years after the deposit, half the account balance is…

A: Compounding is a technique through which future value of present amount is computed at given rate of…

Q: A person deposited every 6 months ¢ 50,000.00 in an account that paid him 16% interest, convertible…

A: Semi-annual payment = ¢ 50,000.00 Interest rate = 16%  Time Period = 20 Years

Q: Laura deposited $1,100 at the end of every month into an RRSP for 6 years. The interest rate earned…

A: Future Value of Annuity formula will be used to calculate the value of monthly instalments at the…

Q: Ali invested 5000 Rials in a saving account that paid quarterly interest. After 6 years the money…

A: Solution: Calculating interest rate using future value and present value.

Q: A man makes a series of ten annual deposits starting at P2,000 at the end of the first year and…

A: Initial annual deposit rate is P2,000 Growth in deposits is10+N5% Rate of interest is 8% To Find:…

Q: A man pays his debt in the following manner: P1000 after year 1, P900 after year 2 and P800 and year…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: Amishi deposited $800, at the end of each six months for 19 years in a savings account. If the…

A: The future value of an annuity is the value of a series of equal payments each period calculated at…

Q: Deepika deposits $10000 into her savings account that earns 7% per annum compounded annually for…

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

Q: Devonte invest $11,800 for 4 years and 4 months. The account earns 11% quarterly. What is n for the…

A: Compound interest is that interest amount which is charged on principal as well as interest charged…

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

A: The answer is shown below:

Q: Shiraz deposited $500 at the end of each year for 18 years in a savings account. If the account paid…

A: Using the Future value function in excel

Q: Eric Coleman invested $2500 four times a year in an annuity due at Southern Trust Company for a…

A: The Future Value of Annuity Due is the total future value of each cash flow which is made at the…

Q: Sophia deposits 130,000 pesos at the end of each year in a savings account that pays a nominal rate…

A: Compounding that is constant is referred to as continuous compounding. Some people imagine…

Q: Calculate the future sum of $1,200, given that it will be held in the bank for 5 years and earn 14%…

A: Below details are given in the question : Present value = $1200 Time period = 5 years  Interest rate…

Q: Zach depsoits a $38,000 one-time lump sum in an account with an APR of 7% that is compounded…

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

Q: An accountant is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…

A: The present value means the present value of the payment of the future. It generally tells us what…

Q: Whitney deposited $200,000 into a savings account that has an annual interest rate of 8% compunded…

A: Interest is an extra amount which is received or paid on deposited or borrowed amount for the…

Q: Eric invested his savings in a bank at 3.75% compounded monthly. How much money did he invest to…

A: The value of current payment or upcoming flow of payments at any future date when flow of payment…

Q: Vincent deposited $1,300 at the end of every month into an RRSP for 9 years. The interest rate…

A: Future Value: Using an expected rate of growth, future value (FV) is defined as the worth of a…

Q: Casey deposited $1,100 at the end of every month into an RRSP for 8 years. The interest rate earned…

A: Given information: Annual deposit of $1,100 at the end of every month Number of years is 8 Interest…

Q: David deposits RM60,000 today into his account that pays 8 percent per year. He continues deposit…

A: Deposit now = RM 60,000 Annual growth in deposit amount = 20% Period of deposit = 4 Years Number of…

Q: Mr. Palting deposited P100,000 on a bank bearing an interest of 12% compounded quarterly. At the end…

A: given, pv =  P100,000  A=  P30,000 at end of 5 years for next 4 years R=12% M=4

Q: Mr. N. invests $5,000 in a certificate of deposit (CD) at his local bank. Hereceives 2 percent…

A: RATE 2% YEARS 5 PMT (MONTHLY DEPOSIT) 0 PRESENT VALUE $5,000

Q: Sam deposited $900 at the end of every month into an RRSP for 7 years. The interest rate earned was…

A: Here, Monthly Deposit is $900 Interest Rate for first 4 years is 4.50% compounding Semi Annually…

Q: Mr. Delima deposited P5,500 every 6 months to an account that earns 8% interest compounded annually.…

A: Types of Annuity: In general, an ordinary annuity is a series of regular payments that are paid at…

Q: Yolanda deposited $1,600 at the end of each six months for 2 years in a savings account. If the…

A: Future value (FV) refers to the sum value of current assets of the company which is evaluated at a…

Q: Ryan invests a sum of money in a retirement account with an annual interest rate of 7% compounded…

A: Annual interest rate is 7% Time period is 10 years Future value is 11,008.79   To Find: Initial…

Q: Cameron opened an RRSP account and deposited $3,800 into it. He then deposited $800 at the end of…

A: Deposit now = $ 3800 Deposit at the end of year 1 = $ 800 Deposit at the end of year 2 = $ 475…

Q: A man deposits P5,000 at the end of every year earning 7.50% compounded continuously. Determine the…

A: Annual deposit (P) = P5000 Interest rate = 7.50% e = 2.7182818284590452353602874713527 Annual…

Q: Encik Azhar deposited RM500 every quarter for five years in an account that paid 3.85% interest…

A: Here, Quarterly Deposit is RM 500  Interest Rate (r) is 3.85% Compounding Period (m) is Quarterly…

Q: Tina deposited $20 in a savings account earning 5% interest, compounded annually. To the nearest…

A: Interest is the amount charged or received for loan taken or investment made. There can be simple…

Q: Alexis deposited $1,000 at the end of every month into an RRSP for 7 years. The interest rate earned…

A: Future value of annuity (FVA) is a stream of recurring cashflow compounded at specified rate.…

Q: Frank invests $ 2500 dollars into an account earning interest compounded quarterly. After 13 years…

A: Future Value = Present Value * (1+r)^n Where, r =rate per period n = no. of compounding period i.e.…

Q: Kyle borrowed P100,000 to be paid in 10 years, and established a sinking fund to provide for the…

A: The time value of money plays an important role in the determination of the present worth and future…

Q: Mohammed deposited RO25,000 in a savings account at 9% interest compounded semi-annually. At the…

A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per periodn = no. of compounding…

Q: Adam deposited $1,300 at the end of every month into an RRSP for 8 years. The interest rate earned…

A: When an investment is made, interest is earned on the deposit so made. The accumulated value of an…

Q: Sonia invested P 2,100 and left it for 9 years where the time in which the principal was withdrawn.…

A: Compounding is a technique which is used to compute the future value (FV) of the present amount by…

Q: Moxie Fox deposited $30,000 in a savings account at 6% interest compounded semiannually. At the…

A: As period goes on compounding interest increases with more compounding during the period.

Q: Wasim invests $220,000 in an annuity that earns 8.50% interest compounded quarterly. It makes…

A: An annuity is referred to lump-sum payment made by you in return for regular disbursements,…

Q: MACY’S has a six-year term deposit that will pay 7% per annum compounded quarterly.  If $125,000 was…

A: Here, Invested amount = $125,000 Interest rate = 7%  No. of compounding periods in a year = 4 Term…

Q: Sinazo inherits R63 000 months, and it is then increased to 14,2% p.a. compounded quarterly. At the…

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

Q: Student B placed his allowance amounting to P 5000 in a savings account with a nominal interest rate…

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

Q: Kelsey deposited $1,100 at the end of every month into an RRSP for 6 years. The interest rate earned…

A: An RRSP is a Canadian retirement plan where money grows at a fixed rate and the final tax on this…

Q: Rahimah invests RM500 in a saving account paying 12% interest per year compounded monthly. How much…

A: Hi there, Thanks for posting the questions. But per Q&A guidelines, the solution for one…

Q: ohn deposits Ghs|250 at the of each month for 5 years account that credits interests at a nominal…

A: Annuity means where regular payment is made at the end of regular period and full amount with…

Q: Yolanda deposited $1,200 at the end of each six months for 2 years in a savings account. If the…

A: The question is based on the concept of Annuity