It is now January 1, 2x16, and you will need P100,000 on January 1, 2x20. Your bank compounds interest at an 8% annual rate. How much must you deposit today to have a balance of P100,000 on January 1, 2x20? 3. If you deposited P200,000 in a bank account that pays 6% interest annually, how much will be in your account after five (5) years? 4. What is the present value of a security that will pay P290,000 in 20 years if securities of equal risk pay 5% annually? 5. What is the future value of a 5%, 5-year ordinary annuity that pays P8,000 each year? If this was an annuity due, what would be its future value?

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: If you deposited P1,000 a couple of years ago in a bank that pays the interest bimonthly. After…

A: The effective rate implies for percentage figure which shows proportion of increase that will occur…

Q: Imagine you want to earn $1000 in total after 3 years. The Bank A says that account earns 5%…

A: In simple interest, the rate of interest is applied on the principal amount only whereas in compound…

Q: If you deposit $500 in a bank account today that earns 3% interest and you deposit $20 per month…

A: The future value of a present sum of money after n periods is given by the formula Future…

Q: A bank is offering 10% compounded quarterly. If you put $200 in an account, how much will you have…

A: Step 1 The worth of a series of periodic payments at a future date, assuming a specific rate of…

Q: If you want to have $60.000 in 8 years, how much do you need to deposit in the bank today if the…

A: Deposit required today = FV/(1+r)n Where FV - Future value = $60,000 r - Interest rate = 9% n -…

Q: If you deposit in a bank $200 today, $250 a year from now, $150 in the second year and $300 in the…

A: Future value is the expected value of current sum in a future date at given interest rate.

Q: If you deposit $5,000 in a bank account that pays 6% interest annually, how much will be in your…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

Q: compounded

A: Formula to calculate preset value: PV = FV/(1+r/n)^nt Where PV is the present value, FV is the…

Q: You just deposited $3,500 in a bank account that pays a 4.0% nominal interest rate, compounded…

A:

Q: If the bank is paying 8% interest compounded quarterly, how much must you deposit today in your…

A: The formula to calculate the present value of future cash inflow is C/(1+r)n, where C is the cash…

Q: 1. If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in…

A: Dear Student, as per Bartleby answering guidelines we can answer only the first one if the student…

Q: It is now January 1. You plan to make a deposit of GHȼ100 each, one every 6 months, with the first…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: How much will the account contain after 9 years and 3 months? How much interest will be earned?

A: Deposit amount = $600  Interest Rate = 5±70 compounded quarterly i.e 4.3 or 5.7 compounded quarterly…

Q: You deposited BDT 120,000 in a bank account 7 years ago. The bank had been giving you 12% interest…

A: Amount deposited 7 years ago = 120,000 Interest rate 7 years ago = 12%  That is compounded quarterly…

Q: It is now January 1, 2018. You plan to make 5 deposits of $200 each, one every 6 months, with the…

A: Future value is the expected value of an investment at a future date at given rate of return. given:…

Q: Suppose you currently have $4,800 in your savings​ account, and your bank pays interest at a rate of…

A: Present value is the sum of money that must be invested to achieve a specific future goal. Future…

Q: You want to be able to withdraw $1,000 from a savings account at the end of year 1, with withdrawals…

A: The present value of a growing annuity is the current value of an annuity which is growing at a…

Q: If you deposited $35000 and the bank is paying 4% interest compounded every 4 months, how much would…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: Can you please explain how to work this problem out in detail?   Bob Bryan made deposits of $1,000…

A: The annual interest rate is 8% compounded quarterly. The interest per quarter will be (8% ÷ 4) = 2%.…

Q: It is now January 1. You plan to make a total of 5 deposits of $600 each, one every 6 months, with…

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

Q: 7. If you want to collect ¢ 5,000,000 in 4 years and for this you make deposits every end of the…

A: N = 4*12 FV = 5,000,000 rate = 18%/12 PV = 0 use PMT function in Excel value of deposit before…

Q: Find the equivalent present worth of the cash receipts in the accompanying diagram, where i = 8%…

A: We know that the formula to calculate the present value is I/(1+i)n, where I is the cash flow that…

Q: It is now January 1, 20x8. Today you will deposit P100,000 into a savings account that pays 8%. a.…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Alfredo wants to know how much he must put in a bank account today to have within 14 years an amount…

A: As per the information provided: Future value of the invested amount = $20,000 Time = 14 years…

Q: You currently have $4,000 in a bank account that pays an annual rate of 1%, compounded monthly.  You…

A: Dear student, we need to use NPER formula to calculate number of periods(N) in excel.

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: A local bank is advertising that it pays depositors 6% compounded monthly, yielding an effective…

A: Simple interest is calculated by multiplying principal into rate of interest for the given period of…

Q: t is now January 1, 2x16, and you will need P100,000 on January 1, 2x20. Your bank compounds…

A: The value of money would possibly change with time. The money that is received at present will have…

Q: You want to be able to withdraw from a savings account $800 at the end of year 1, $900 at the end of…

A: present value formula: present value =future value1+ratetime

Q: Find the equivalent present worth of the cash receipts in the accompanying diagram, where i = 8%…

A: Present Value refers to the value of cash flows today which is to be received at some future time…

Q: If you want to have $22,327 in fifteen years, how much do you need to deposit in a bank account…

A: The deposit required today is calculated as the present value.

Q: Each month you put $69.60 into the bank, with an APR of 3%, how much with you have after 10 years.…

A: We will make use fo the financial calculator to calculate the FV. Inputs are: n = number of periods…

Q: What lump sum of money must be deposited into a bank account at the present time so that $500 per…

A: The regular or lump-sum amount that is received or paid after a specific time period rather than…

Q: If you put $259 into a bank account that pays 3.5% interest, compounded 9 times per year, how much…

A: Workings:

Q: First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City…

A: Amount deposited (PV) in the Second City Bank is $66,000 Number of years (n) of deposit is 10 years…

Q: how much should you deposit in a bank paying 2% compounded quarterly to accumulate an amount of…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: If you deposit $7,000 in a bank account that pays 9% interest annually, how much will be in your…

A: Future value is the expected value of annual deposit to be made at specified interest rate. Given:…

Q: How much must you deposit in the bank today if you want to have $1,500 after 4 years?  Interest rate…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: If you deposit $13,.224 annually at the end of every year in a bank account paying 8% annually. how…

A: Annual deposit (D) = $13,224 Period (n) = 5 Years Interest rate (i) = 8% (or 0.08) Amount saved at…

Q: You currently have $50,000 in a bank account that pays interest at 6% p.a. compounding  monthly. You…

A: The withdrawals are in the form of an annuity due. This is because they are taking place at the…

Q: a. If the bank compounds interest annually, how much will you have in your account on January 1,…

A: Comment: The Question is Multipart, so SME will answer only three subparts. For the rest of the…

Q: It is now January 1, 20x8. Today you will deposit P100,000 into a savings account that pays 8%. a.…

A: As the compounding periods increase the interest amount increases thereby increasing the amount…

Q: You have $20,000 that you put on deposit on your 30th birthday at 5% compounded annually. On your…

A: The future value of a cash flow is the future worth of a cash flow at a certain rate of interest and…

Q: If you deposit $3,000 in a bank account that pays 12% interest annually, how much will be in your…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: You will be able to deposit $4,000 at the end of each of the next 5 years in a bank account paying…

A: We need to use future value formula to calculate future value of single deposit and future value of…

Q: How much would be in your savings account in 7 years after depositing $350 today if the bank pays 10…

A: To calculate the future value we will use the below formula   Future value = P*(1+r)t Where P -…

Q: You have $2,000 invested in a bank account that pays a 4 percent nominal annual interest with daily…

A: Invested amount (P) = $ 2000 Annual interest rate = 4% Daily interest rate (r) = 4%/365 =…

Q: 4. You plan to deposit P2, 500 in the bank now and another P2, 500 after 2 years. After four years…

A: Deposit in year n = Dn Withdrawal in year n = Wn D0 = P 2500 D2 = P 2500 W6 = P 6500 We need to find…