If one makes quarterly deposit of $1250 into an account that pays interest at a rate of 6% compounded monthly. Draw the cash flows diagram and find the balance of the account at the end of 2 years.
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- Annuity 1. What is the current value of a $50 payment to be made at the beginning of each year, for three years if the prevailing rate of interest is 7% compounded annually?Annuity 2. What is the accumulated value of a $25 payment to be made at the beginning of each of the next three years if the prevailing rate of interest is 9% compounded annually?What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 8 years and a quarterly payments $2,000 of the next 10 years if the interest rate is 8% compounded bimonthly? Draw the cash flow diagram.
- 28. What is the accumulated amount of a 7-year annuity paying ₱ 1,520 at the end of each year, with interest at 2% compounded annually?2. What is the balance in an account at the end of 10 years if $25,000 is deposited today and the account earns 4% interest, compounded annually? quarterly?Mr. Bill deposited 100,000 pesos in bank account earning interest at the rate of 10% compounded quarterly, what will it become at the end of 10 years?
- How much do eight ₱ 69,058 quarterly payments amount at present, if the interest rate is 3 compounded quarterly?Topic: Gradient Geometric What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $29695 is made at the end of year 11, and subsequent withdrawals increase at the rate of 10% per year over the previous year’s, if the interest rate is 10%, compounded annually? Note: Draw the cash flow diagram and use interest rate with five decimal places.How much money would you need to deposit today at 8% interest compounded quarterly to have $15,000 in the account after 8 semi annuals?
- 2.If the rate of interest is 8% compounded quarterly, find the nominal rate of interest.Nominal and effective series A series of equal quarterly payments of $2,000 for 12 years is equivalent to what future lump-sum amount at the end of 20 years at an interest rate of 9% compounded continuously? Draw cash flow diagram and solve using factors methodWhat is the present equivalent of a uniform series of quarterly payments of $4,500 each for four years and a quarterly payments $2,000 of the next 3 years if the interest rate is 8% compounded bimonthly? Provide a cash flow diagram.