How much should be invested to have 7000 pesos after 190 days when invested at 9% simple interest? (1 year = 365 days) (Numerical answer only and whole number, example: 7811)
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- Topic : Investment Problem Suppose a family is depositing money into a bank account continuously, and the account earns interest of 4% annually (compounded continuously). The family began their first year with $23, 000 in the account. Assuming they don't make any withdrawals, how much money is in the account after 4 years? Ans. =26,990.75If $197 is deposited in a savings account at the beginning of each year for 12 years and the account draws interest at 7% per year, compounded annually, the value of the account at the end of 12 years will be most nearly. Express your answer in whole number. Correct Answer: 3,771 ± 131. A bank pays interest at the rate of 6% per year, compounded monthly. If a person deposits $2500 in a savings account at the bank, how much money will accumulate by the end of 2 years?
- Use tabulated factors and a spreadsheet to determine the interest rate per period for the following rate of return equation: 0 = -40,000 + 8000(P/A,i*,5) + 8000(P/F,i*,8).24 If $210 is deposited in a savings account at the beginning of each year for 3 years and the account draws interest at 4.2% per year, compounded annually, the value of the account at the end of 3 years will be most nearly Express your answer in whole number.Calculate the difference of the future amount of annuity due and ordinary annuity. Given that the periodic payment is P 12 500 with interest rate of 12 % compounded annually for 20 years. (Engineering Economy)
- You invested $18517 for 10 years at 4.92% per annum. How much more would you receive at the end of the period if the money invested is compounded monthly rather than compounded annually? a. 856 b. 322 c. 3574 d. 1759 e. 1011Mr. Jones is planning a 20-year retirement; he wants to withdraw $6000 at the end of the first year, and then to increase the withdrawals by $800 each year to offset inflation. How much money should he have in his savings account at the start of his retirement, if the bank pays 9% per year, compounded annually, on his savings? Please show complete solution, do not use excel. Thank you!CORRECT ANSWER: 104,189.14Consider the following equations for a small open economy for both the goods and money markets. C = 3000 + 0.8Yd; T = 1000 + 0.3Y; G = 6000; TR = 500; I = 4000 + 0.24Y – 100r; M = 3000 + 0.2Y; X = 2000; LP = 1000 + 0.15Y; LT = 2000 + 0.25Y – 15r; Ls = 1000 – 35r; MS = 40,000; P= 4 a. Derive both the IS and LM equations for the economy and compute the Equilibrium level of Income and Interest Rate.b. At this equilibrium level of income and interest, compute the levels of disposal income, total transactions demand for money, investment demand and the value of net exports.c. Suppose the government raises govt. expenditure by 20% in order to increase aggregate demand. Show how this policy results in the crowding out effect.
- Assume that you and your best friend each have $1000 to invest. You invest your money in a fund that pays 10% per year compound interest. Your friend invests her money at a bank that pays 10% per year simple interest. At the end of 1 year, what is the difference in the total amount of money for each of you ?At the birth of a girl, what amount should her mother invest in order to provide the daughter with ₱25,000 at the age of 21 years if the money earns 4 and 3/8 % compounded quarterly?a. ₱ 685.23 b. ₱ 10,025.32 c. ₱ 2,801.57 d. ₱ 8,250.501. What annuity is required over 15 years to equate with a future amount of P 300,000? Use i= 6% annually.