If Martha puts P1,000 in the bank today at 6%, how much will she have in three years?
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Q: If Martha puts P1,000 in the bank today at 6%, how much will she have in three years? *
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Q: If Martha puts P1,000 in the bank today at 6%, how much will she have in three years?
A: Future value = Present value(1 + Rate)^Time where, Present value = P1,000 Rate = 6% Time = 3 years
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A: Future Value=Present Value(1+i)^12 52317=26000(1+i)^12 (2.0122)^1/12=1+i i=1.06-1 i=6%
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If Martha puts P1,000 in the bank today at 6%, how much will she have in three years?
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- 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.You 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.Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?
- How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one year and the rate is 10%?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. 2,0000.9264If Martha puts P1,000 in the bank today at 6%, how much will she have in three years? provide solutions
- How much will you need to put in the bank today at 4% interest to have P20,000 in five years?Sarah wants to have $20,000 in nine years. If she puts the money in an account which pays 4% compounded monthly, how much does she need to invest?You have €42,180.53 in a brokerage account, and you plan to deposit an additional €5,000 at the end of every future year until your account totals €250,000. You expect to earn 12% annually on the account. How many years will it take to reach your goals?
- Karen wants to have $22,011 in her investment account in 6 years. If her bank offers an annual compound interest rate of 2% with monthly compounding, how much should she deposit today?How much would be in your savings account in 11 years after deposting $150 today if the bank pays 8 percent per year?