Q: Ted rodgers is investing $7,500 in a bank cd that pays a 6% annual interest. How much will the cd be…
A: Excel Spreadsheet:
Q: An investor deposits 10,000 into a savings account that sets its interest rate for the year on the…
A: The account balance at end of time can be calculated with the help of future value function
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Q: how much money was invested in the CD account?
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Q: 1. Buchoy deposits Php10 000 in a bank that pays 4% compound interest annually. How much money will…
A: Interest means the extra amount which we received because of investment made and will be paid in…
Q: A person is planning to open a retirement account. He plans is to deposit $1,000 per month for next…
A: Periodic Deposit = $1,000 Time Period = 45 Years
Q: Diego invested 10,500 the bank gives him 2,520 simple interest per month.If you receive 2,520 as…
A: Solution:- Interest means the increase in amount invested for a certain time period for deferring…
Q: Sarah deposited $26,500 into a fund at the beginning of every quarter for 16 years. He then stopped…
A: Compound interest= p*(1+r%/n)^tn A.) Around $358903 stacked up at the end of 16th year.
Q: Patrick and Brooklyn are making decisions about their bank accounts. Patrick wants to deposit $300…
A: Solution:- When an amount is invested in bank, it earns some interest. The amount invested initially…
Q: Corry has an income of $80,000 that he is willing to spend over a year. If his bank account's…
A: Money is a monetary value that used as an exchange medium in commerce which is available in coins…
Q: What amount must be deposited by a 20-year old student in a bank that pays 5% compunded anually so…
A: Solution: Desired future value = P100,000 Period = 10 years Interest rate = 5%
Q: (Refer to this word problem Samuel wishes to have P500,000 available for his son's college…
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Q: John Jamison wants to accumulate $60,000 for a down payment on a small business. He will invest…
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Q: January 2001, Bianca invested $5,000 for three years at 4.20%; in January 2010, she invested $5,000…
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Q: Please use the following values corresponding to the letter for each question required: D=2, L=0 ,…
A: Future value is the amount that an investor receives by investing a certain sum of money for a…
Q: How much will be her savings after 8 years?
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A: Using excel FV function
Q: Edna deposits $2,000 in her bank account which is earning 2% in interest per year. How much will…
A: Final Amount = Principal Amount ( 1 + Rate of Interest )time period
Q: Wells Fargo Bank lent a newly graduated engineer $1,000 at i = 5 % per year for 4 years to buy home…
A: Here, Lending Amount is $1,000 Interest Rate is 5% Time Period is 4 years Equivalent Net Cash Flow…
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Q: Your local bank pays 4% interest annually. You have $5,000 invested in the bank. How long will it…
A: Given: Interest rate = 4% Present value = $5,000
Q: A mother wants to invests 9,000.00 for her sons future education she invests a portion of the money…
A: Solution:- Interest is the return amount on money invested.
Q: Dave invests $3,700 in a savings account at his local bank which gives 3.296 simple annual interest.…
A: Investment means engaging your funds to generate income for the future. Interest is an income on…
Q: How much money was withdrawn from Mr. Cruz’s account on the 5th year, after investing P25, 000 on a…
A: The amount which is paid by bank on deposit is known as interest. This interest is credited to the…
Q: Jane deposits 10,000 USD and opens a deposit account at a bank. It will also deposit 6,000 USD one…
A: in this we have to use future value formula to calculate interest rate.
Q: On his 21st birthday, Gab was gifted P500,000. He invested this money in a mutual fund that earns…
A: Initial Value = 500,000 Nominal Rate = 10℅ Semi Annual Compounding Number of compounding periods = 2…
Q: A new employee puts 4% of his salary of $65,000 into a retirement account, and his employer matches…
A: salary = $65,000 employee contribution=4% of salary=$65,000x 0.04=$2600 employer contribution=3% of…
Q: Compute for the total interest and amount to be received or paid at the end of the term for each…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Kween Yazmine's mother borrowed Php35,000 to fix their car. The bank charges 5% interest for two…
A: Borrowed amount (PV) = Php 35,000 Interest rate (r) = 5% Period (n) = 2 Years
Q: A businessman loaned P500,000 from a local bank that charges an interest rate of 12% compounded…
A: Time value of money :— According to this concept, value of present money is greater than value of…
Q: You borrow Php 1,000,000.00 for one year from a friend at an interest rate of 14 per month instead…
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Q: A man deposited Php 20,000 in a savings bank that pays 4 ½% compounded semi-annually for 2 years and…
A: Deposited amount (P) = Php 20,000 Interest rate = 4 1/2% = 4.50% Semi annual interest rate (r) =…
Q: (Refer to this word problem. Samuel wishes to have P500,000 available for his son's college…
A: Here we have to find the present value so that P 500,000 is available after 14 years.
Q: a mother earned $15000.00 from royalties on her cookbook. She set aside 20% of this for a down…
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Q: Katy invests a total of $36,000 in two accounts. The first account earned an annual interest rate of…
A: given, total amount invested = $36000 account 1: r=5% account 2: r= 2%
Q: Wendy has $23,000.00 invested in a bank that pays 14.25% annually. How long will it take for her…
A: First calculate the future value: Future value =Triple amount Future value = Amount invested * 3…
Q: Courtney invested the profit of his business in an investment fund tha was earning 2.25% compounded…
A: Present value refers to the current valuation for a future sum. Investors determine the present…
Q: If P12900 is invested for 5 years in a bank that pays 3% compounded semi annually, what sum will the…
A: FV=future value r=interest rate n=period PV=present value
Q: James invested the profit of his business in an investment fund that was earning 2.25% compounded…
A: The return of 2.25% generated from investment fund is compounding whereas withdrawals are made after…
Q: You are a financial adviser working with a client who wants to retire in eight years. The client has…
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Q: 1. Mr. Lee decided to sell their farm and to deposit the fund in a bank. After computing the…
A: Note: Since you have posted multiple questions, we will solve the first question for you. To get the…
Q: Ryan invested 56000 in Koy Rural Bank and Soy Rural Bank. Koy Rural Bank pays 8% interest per year,…
A: formula for interest : interest =principal ×rate×time100
Q: An individual deposited P35,000 and earns 3% interest compounded quarterly. After six years, how…
A:
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A businessman invested P5,000,000 in a
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- Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.Samuel Ames owes 20,000 to a friend. He wants to know how much he would have to pay if he paid the debt in 3 annual installments at the end of each year, which would include interest at 14%. Draw a time line for the problem. Indicate what table to use. Look up the table value and place it in a brief formula. Solve.
- You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.Dexter Construction Corporation is building a student condominium complex; it started construction on January 1, Year 1. Dexter borrowed 2.5 million on January 1 specifically for the project by issuing a 10%, 5-vear, 2.5 million note, which is payable on December 31 of Year 3. Dexter also had a 12%, 5-year, 3 million note payable and a 10%, 10-year, 1.8 million note payable outstanding all year. Calculate the weighted average interest rate on the non-construction-specific debt for Year 1. RE10-9 Refer to RE10-8. In Year 1, Dexter incurred costs as follows: Calculate Dexters weighted average accumulated expenditures.Pickles R Us is a pickle farm located in the Northeast. The following transactions take place: A. On November 6, Pickles borrows $820,000 from a bank to cover the initial cost of expansion. Terms of the loan are payment due in six months from November 6, and annual interest rate of 3%. B. On December 12, Pickles borrows an additional $200,000 with payment due in three months from December 12, and an annual interest rate of 10%. C. Pickles pays its accounts in full on March 12, for the December 12 loan, and on May 6 for the November 6 loan. Record the journal entries to recognize the initial borrowings, and the two payments for Pickles.
