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A mother wants to invest
for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is
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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. 2,0000.9264Refer to the present value table information on the previous page. If Kathleen put 3,000 in a savings account today, what amount of cash will be available 2 years from today? a. 3,000 0.857 b. 3,000 0.857 2 3,000 c. 4,000 0.681 0926 d. cannot be determined from the information givenDETERMINING THE RIGHT AM OUNT OF SHORT-TERM, LIQUID INVESTM ENTS. Leo and Ava Bryant together earn approximately 92,000 a year after taxes. Through an inheritance and some wise investing, they also have an investment portfolio with a value of almost 200,000. a. How much of their annual income do you recommend the Bryants hold in some form of liquid savings as reserves? Explain. b. How much of their investment portfolio do you recommend they hold in savings and other short-term investment vehicles? Explain. c. How much, in total, should they hold in short-term liquid assets?
- Carlos opens a dry cleaning store during the year. He invests 30,000 of his own money and borrows 60,000 from a local bank. He uses 40,000 of the loan to buy a building and the remaining 20,000 for equipment. During the first year, the store has a loss of 24,000. How much of the loss can Carlos deduct if the loan from the bank is nonrecourse? How much does Carlos have at risk at the end of the first year?A mother wants to invests 9,000.00 for her sons future education she invests a portion of the money in the bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is 540.00 how much money was invested in the CD acca mother earned $15000.00 from royalties on her cookbook. She set aside 20% of this for a down payment for a new home. The balance will be used for her son's future education. She invested a portion of the money in a bank certificate of a deposit (cd account) that earns 4% and the remainder in a savings bond that earns 7%. IF the total interest earned after one year is $720.00, how much money was invested at each rate?
- Katie invested $191 for 16 months in a bank and received a maturity amount of $209.50. If she had invested the amount in a fund earning 2.30% p.a. more, how much would she have had received at maturity? Jaspreet borrowed $6,000 at 4.4% p.a. and repaid the loan on March 14, 2024. Jaspreet paid $249.78 in interest. How many days ago had he received the loan? Katie invested $5,800 for 358 days at 2.6% p.a. How much more interest would she have earned on the investment if the interest rate was 3.0% p.a. instead of 2.6% p.a.?Razi need RM20,000 for his daughter education in 9 years, how many he deposits in his bank at the end of each year at 12% interest to get RM20,000 at the end of nine years. Select one: a. RM1,712.59 b. RM1,353.63 c. RM1,093.15 d. RM1,318.34A mother wants to insure the education of his son. On the 7th birthday of the son, he invest in a fund the amount of P 200,000.00 earning at 6.5% interest rate compounded monthly; on the 10th birthday another P 200,000.00 at an interest rate of 7.3% compounded monthly: on the 15th birthday another sum of money at 8% compounded monthly. If on the 18th birthday the son have a total withdrawable amount of P1.3M, how much is the 3rd investment?
- II. Show clean and complete details of your work for each number. A.) Mr. Jones has P 1,000,000 that he wishes to distribute to his son at a rate ofP 100,000 per year. If the P 1,000,000 is deposited in a bank account that earns 4%interest per year, how many years will it take for his son to completely receive theaccount? B.) A new employee who is now 20 years old is planning to have personal savings totalingP 1,500,000 when he retires at the age of 60. If the annual interest rate is 8%compounded monthly over the next 40 years, how much must he save each month toaccomplish his goal?Jamie invested a certain amount of money in JDJ Savings Bank with a 2.5% interest rate. He received ₱ 2,250.00 as interest after 2 years from his investment. How much did he invest?1. At the beginning of the year, P5, 000 was invested in a deposit account earning 8% annually. How much will the deposit be after a year? 2. Supposed your father deposited in your bank account P10,000 at an annual interest rate of 10% compounded yearly. When you graduated from Grade 6 and did not get the amount until you finished Grade 12. How much will you have in your bank account after 7 years? 3. At the beginning of the year, P2,000 was invested in a deposit account earning 8% compounded annually for 5 years. How much will the investment be after 5 years? 4. ABCD Company is an investor in oil companies and they should deposit now in order to receive P50,000 at the start of each year for 3 years at a 12% annual compounding interest rate. How much will the investment be after 3 years? NOTE: please use the formula below. Thank you!!