how, secol deposit ears. During the first 10 years, the account earns interest quoted at 10 years have passed, any money in the account earns a nominal of 30 years, the total value of the account will be $89602. What is

Q: You deposited $5,000 four years ago into a bank account.  Two years ago, you deposited an additional…

A: The future of money is the accumulation of the present amount. It determines with the help of a…

Q: An account was opened with an investment of OMR2,000 10 years ago. The ending balance in the account…

A: Rate of Interest is the rate which is earned on the investment done by the investor. Higher the…

Q: What is the balance in an account at the end of 10 years if $2,500 is deposited today and the…

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

Q: Find the compound interest earned if PhP 30,860 is deposited in a bank at 2.8% compounded monthly…

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

Q: Deposits of $500 are made at the end of every month for five years into an account earrfing 4.5%…

A: In this we have to calculate future value FACTOR and from that determine the future value of money.

Q: 15. At the beginning of each of 7 years $500 was deposited on the account. At the end of each year…

A: Hence, the PMTs of $500 will be valued at $4,629.9013 at 7 years.

Q: A given account accrues two kinds of deposits for a period of 7 years. One is a leveled deposit of…

A: Deposit account is a financial service offered by banks and other financial institutions to their…

Q: What deposit made at the beginning of each month will accumulate to $120,000 at 30% compounded…

A: The deposit amount can be calculated with the help of future value of annuity due function

Q: An amount of $4,000 is deposited into an account for which the interest rate is 5% per annum.…

A: Given Rate = 5% Time = 7years

Q: For the transaction shown below, determine the amount of money in the account at the end of year 3…

A: The future value is the future worth of the amount that will be paid or received at future.

Q: You deposit $1,000 in an account today at a rate of 4%.  What will be in the account after 40 years…

A: Future value = Present value * (1+rate)^no. of period

Q: If for the next 30 years you place OMR 3,610 in equal annual year-end-deposits into an account…

A: Future value of annual year end deposits is calculated by future value of ordinary annuity formula.…

Q: How long will it take to $200 of interest if $1000 has been deposited into an account with an…

A: Time value of money tries to impart the concept and importance of monies worth today as compared…

Q: If $7,128 is deposited into an account that earns simple interest and it takes 9 years to earn…

A: Interest earned is 1796.26 No of years =9 Annual interest is = 1796.26/9 = 199.58

Q: What sum of money must be deposited at the end of every 3 months into an account paying 3.7%…

A: Amount that need to be deposited in in 3moths can be calculated using the formula of the future…

Q: what is the balance in an account at the end of 10 years if 5,000 is deposited today at the account…

A: The  following formula is to be used in order to find out the balance in  account A =P[1+r/n]nt…

Q: If $1,420 is invested in an account which earns 8% interest compounded annually, which will be the…

A: Present Value (PV)= $1,420 Interest (r)= 8% compounded annually Time period (t)= 17 years   Future…

Q: Five years ago, $12, 000 was deposited into a savings account that provides an interest of 6.5%…

A: A savings account is a deposit account opened with banks and other financial institutions. The…

Q: What is the balance in an account at the end of 10 years if $2,500 is deposited today and the…

A: Given: Present value (PV) = $2500 Interest rate (r) = 4% = 0.04 Time period (n) = 10 years

Q: Suppose $1,000 is deposited in a bank account today (time 0), followed by $1,000 deposits in years…

A: Given amount of deposit = $1,000 Rate of interest = 6%

Q: JP just made a deposit of $4,321 is made today in an account earning 5.3% APR compounded annually.…

A: Data given: P=Deposit amount = $4,321  r=Rate = 5.3% APR compounded annually n= 15 years   Required:…

Q: Suntech Distributors, Inc., deposits $5,00 at the beginning of each 3-month period for 6 years in an…

A:

Q: $30,000 is deposited in an account in which it earns 10% interest compounded annually. No principal…

A: Interest is defined as the payment from the deposit taking or the borrower's financial institution…

Q: What is the balance in an account at the end of 10 years if $2,500 is deposited today and the…

A: In the given question we are required to calculate the future value from the following details:…

Q: A person deposits $150 per month into a savings account for 2 years. If $75 is withdrawn in months 4…

A: Cash is considered as one of the most important and valuable factors of the business, without which…

Q: A company deposits $2.000 In a bank account at the end of every year for 10 years. If the bank pays…

A: The future value of annuity is the accumulated value of regular deposits at a given interest rate.…

Q: Calculate the compound amount when $7000 is deposited in an account earning 9% interest, compounded…

A: Given information: Present value is $7,000 Rate of interest (r) is 9%, compounded quarterly Number…

Q: An engineer deposits $8500 every semiannual(first deposit will be 6 months later) into a savings…

A: Semi Annual Deposit = 8500 Total Semi Annual Periods = 32 (16 years) Interest Rate = 18% Monthly…

Q: You owe the bank $1,245 in 9 months.  How much do you need to deposit in an account today, earning…

A: As per the given information: Amount owed to the bank - $1,245 in 9 months Earning - 3.25% APR…

Q: Suppose you invest S11.570.00 Into an account 3.417% compounded weekly. How much money is in the…

A: In this question one has to find the future value with continuously compounded for 2 years and then…

Q: A deposit of $800 is planned for the end of each year into an account paying 8 percent/year…

A: We need to use future value of ordinary annuity to solve this problem Future value of…

Q: You deposit $296 today into a bank account that earns 12% annually.  How much will be in your…

A:

Q: P1,500.00 was deposited in a bank account, 20 years ago. Today it is worth P3,000.00. Interest is…

A: The formula used as follows: FV=PV1+imn×m

Q: You deposit $2,000 in an account today earning 8% per year.  Five years from today, you make another…

A: Using excel PV and FV function

Q: (a) A sum of $2000 is deposited in a time-deposit account that pays interest at a rate of 3% per…

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

Q: If you deposit #9989 into an account paying 3.6% annual interest compounded monthly, how much money…

A: The importance of future value:  Future value is a crucial estimate since it informs investors and…

Q: Use the formula for continuous compounding to compute the balance in the account after​ 1, 5, and 20…

A: Here, Deposit is $13,000 APR is 4.5% Compounding Period is Continous Compounding

Q: Deposits of GHS100 are made every month for 5 years into an account crediting interest at a nominal…

A: Firstly, we shall calculate Value of investment after 5 years. Then we shall calculate the Monthly…

Q: The value of the account after 10 years is: -$ 31,874.85 $ 114,549.99 - $ 114,549.99 $31,874.85

A: Information Provided: Annual deposits = $2000 Interest rate = 10.00% compounded annually Years = 10…

Q: Deposits are made at the end of years 1 through 7 into an account paying 5% per year interest. The…

A: Time value of money- It is based on the concept that money earned today is worth more than similar…

Q: t is the balance in an account at the end of 10 years if $2,500 is deposited today and the account…

A: The given problem can be solved using FV function in excel. FV function computes amount balance in…

Q: interest

A: Formula to calculate rate of interest is: r = n*[(A/P)^1/nt - 1] where n i the no of compounding…

Q: A deposit of $50,000 is made into an account that pays 10% compounded semiannually. How much would…

A: Introduction: Amount which is deposited into an account now is referred to as present value. The…

Q: If you deposit 100 OMR into your savings account at the beginning of each year over a 12-year…

A: The future value of annuity due refers to the future value of a series of payments. The future value…

Q: 2. If $100 is deposited in a bank at the beginning of each month for 10 years, what is the…

A: Computation:

Q: Assume Sheffield Corp. deposits $81000 with First National Bank in an account earning interest at 4%…

A: Option A is correct.

Q: A deposit of $800 is planned for the end of each year into an account paying 8%/year compounded…

A: FW=Deposit1+in-1i-Deposit101+nn-10-Deposit111+nn-11