Isaiah wants to have $50,000 after six years in an account by making one single deposit. The account is compunded continuously at a rate of 5%.  What intial deposit does he need to make?

Q: A young man saved his money every quarter for 5 years into his bank account. He deposits P2.000 per…

A: Quarterly deposit first 2 years = P 2000 Quarterly deposit next 3 years = P 4000 Annual interest…

Q: Jason makes it a habit to deposit 1,500 pesos into a bank account every month for 5 years. The…

A: The given problem relates to concept of annuity. An annuity is a series of uniform cash flows over a…

Q: A man borrowed 200,000 from his friend and agreed to pay after 6 years at an interest rate of 10%…

A: Given: Amount Borrowed: 200,000 Loan tenure in years: 6 Loan Interest Rate: 10% Annual Deposit…

Q: Roger just deposited $12,000 into his account at Market Place Bank. The bank will pay 3.2 percent…

A: in this we have to find out simple interest and compounding interest and than find out interest on…

Q: el started to deposit P5,000 quarterly in a fund that pays 1% compounded quarterly. How much will be…

A: The money grow with time and depending on the interest rate and compounding the future value grow…

Q: Joe opens an investment account with an initial deposit of $200. He then sets up monthly deposits of…

A: Future value = Present value * (1+r)^n Where r =rate of interest per period i.e. 5.25%/12 = 0.4375%…

Q: Mark has a credit card balance of $25,000. The annual est rate is 17%. He is required to pay a…

A: Data given: Credit card balance= $25000 Annual interest  rate = 17% Minimum payment = 3.5% of…

Q: joe decides to invest $610 dollers every month in an account that pays 1.87% monthly how nuch money…

A: Following information are given:   Monthly deposit = $610 Monthly rate = 1.87% No of months = 33…

Q: An individual makes six annual deposits in a savings account starting one year from now that pays…

A: Let the annual deposits be "x". We know that FV of annuity = P*[(1+r)^n - 1]/r = x * [1.10^6 -…

Q: Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each…

A: Future value = Present value ( 1 + rate of interest )Period Future value = Amount deposited * Future…

Q: Peter has RM10,000 that he can deposit in any three savings accounts for a 3-year period. Bank A…

A: answer deposit amount =RM10,000 Rate of interest = 4% period = 3 year bank A = compounding annual…

Q: A young man saved his money every quarter for 5 years into his bank account. He deposits P2,000 per…

A: Here,

Q: Troy Long wishes to deposit a single sum of money into a savings account so that five equal annual.…

A: Total number of periods or years is 5 years Interest rate is 5% Annual withdrawal is $2000 To Find:…

Q: Ed wants to have $30,000 in 20 years. He opens a savings account in a bank which pays 7.2% interest…

A: Interest - The sum that the borrower pays to the lender above the principal amount and is fixed at a…

Q: Patrick and Brooklyn are making decisions about their bank accounts. Patrick wants to deposit $300…

A: Solution:- When an amount is invested in bank, it earns some interest. The amount invested initially…

Q: If Jackson deposits $120 at the end of each month in a savings account earning interest at a rate of…

A: Saving Account is a type of financial service offered to general public by banks with limited…

Q: Peter makes a deposit at the end of every three months into a savings account that earns interest at…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: Eric invested his savings in a bank at 3.75% compounded monthly. How much money did he invest to…

A: The value of current payment or upcoming flow of payments at any future date when flow of payment…

Q: Marwan just deposited $13,000 into his account at Bank Muscat. The bank will pay 2.3 percent…

A: Deposit amount (P) = $ 13000 Annual interest rate (R) = 2.3% Period (N) = 15 Years

Q: You plan to deposit $500 in a bank account now and $600 at the end of the year. If the account…

A: Solution: The amount in account after second deposit will be the future value of first deposit and…

Q: Sarah opens an investment account with an initial deposit of $ 900. She then sets up monthly…

A: Given information: Initial deposit amount is $900 Monthly deposit of $80 Interest rate is 3%…

Q: Mr. Ghani wants to deposit his savings of Rs. 50,000 in a bank which offers 8% interest (compounded…

A: Using excel nper formulae

Q: Derek currently has $13,602.00 in an account that pays 5.00%. He will withdraw $5,708.0O every other…

A: The characteristics of withdrawal vary depending on the drug being stopped. Anxiety, fatigue,…

Q: John deposits $1500 into a savings account earning simple interest at 2.19% annually. How much will…

A: Calculation of actual amount in account in future: Answer: John will have $1,582.13 in his account…

Q: If Jackson deposits $120 at the end of each month in a savings account earning interest at a rate of…

A: To solve this question we have to use the formula of Future Value of ordinary annuity. The formula…

Q: Mark deposits $40,000 now into an account which will earn interest at a rate of 8% per year, how…

A: Present value of annuity concept is used to calculate the annual withdrawal amount.

Q: A. Zoey deposits $500.00 every quarter into an account earning 5% interest compounded quarterly. How…

A: The time value of money is the concept widely used to determine the correct worth of the sum to be…

Q: Suat opens a deposit account in a bank by depositing 10,000 TL. In addition, he will deposit 6,000…

A: Initial Deposit = 10,000 Deposit after one year = 6000 Deposit after two years = 4000 Value in…

Q: An individual makes five annual deposits of $2,000 in a savings account that pays interest at a rate…

A: Interest is the amount which is calculated on the amount of borrowings or finance. The amount of…

Q: Ed wants to have $10, 000 in 5 years. He opens a savings account in a bank which pays 7.2% interest…

A: Amount Required after 5 years = $10,000 Interest rate = 7.2% Interest Rate Monthly (r) = 7.2%/12 =…

Q: Mr. Angel deposited 125,000 in Coconut Bank. After 2 years, he withdrew 13,600. After another 2…

A: The quarterly compounded rate is 9% per annum that means 2.25% per quarter compounded quarterly…

Q: er deposits P15,500 each quarter in a savings bank paying 12.5% compounded quarterly. If she desires…

A: Future value of amount include the amount being deposited and interest being accumulated over the…

Q: Barbara makes four consecutive annual deposits of $2,000 in a savings account that pays interest at…

A: The question gives the following information:

Q: Can you please help me work this problem out in detail?   Carol is depositing $250 into an account…

A: The amount deposited every six months is $250. The total number of deposits in 5 years would be 10.…

Q: Billy plans to deposit $200 into a bank account at the end of every month.  The bank account has an…

A: According to the time value rule, the same amount of money can have different purchasing powers in…

Q: What amount must I deposit in the bank to receive $6,000 in twelve years if my account pays 3.5%…

A: Interest is an additional amount which is received over the period at fixed rate. Depositor get sum…

Q: Heidi deposits $8,000 in a savings account that earns 4.5% interest, compounded quarterly. How much…

A: This question is from time value of money. It is the concept that money you have now is worth more…

Q: Elizabeth Brown has $23,000 that she can deposit into a savings account for five years. Bank A…

A: Here, we need to calculate the future value of the amount deposited today at a given interest rate…

Q: How much monthly deposit must be made for 8 years in order to accumulate ₱125,000 at 7% compounded…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: A student plans to deposit P 2,000 in the bank now and another P 5, 000 each year for the next two…

A: Future value of a present value is the value of that amount after taking into account the time value…

Q: Julian won the lottery. He deposits some of his winnings into an account earning 2.75% interest…

A: Interest rate = 2.75%  Deposits = $25,000  Time period = 5 years  Quarterely payments = $1,000…

Q: Sarah opens an investment account with an initial deposit of $ 900. She then sets up monthly…

A: Future value is the value of the current assets or some amount that is invested today and amount…

Q: a) Liliana makes the following deposits into her savings account. $7,400 in 2 years, $4,800 in 3…

A: " Hi, Thanks for the Question. Since you posted multiple question, we will answer the first question…

Q: A young man saved his money every quarter for 5 years into his bank a 2 years and P4,000 per quarter…

A: In this we have to calculate the quarterly interest and from that we can get the required value.

Q: Ayesha wants to deposit 300 per year in a bank for the next 10 years. The bank pays annual interest…

A: Future value refers to the worth of the amount which is invested today at some future specified date…

Q: Garrett wants to accumulate at least $35,000 by depositing $1,5 month into a fund that earns…

A: Amount to be accumulated is $35000 Monthly deposit is $1500. Rate 4.5% compounded monthly

Q: Caitlyn has 50,000 in a bank which he invests at 8% compounded semi-annually. What semi-annual…

A: Answer: Calculation of the amount of semi-annual withdrawals for 3 years (Let "P") Formula, we will…

Q: A rural bank pays interest at the rate of 2% compounded quarterly. If Neil deposits P3,000 every…

A: Interest rate = 2% quarterly compounded Monthly deposit (M) = P 3000 n = 5 years = 60 months