Jimmy deposits $ 3,400 now, $ 2,900 3 years from now, and $ 6,000 6 years from now. Interest is 6 % for the first 3 years and 4 % for the last 3 years. a. How much money will be in the fund at the end of 6 years?
Q: A deposit of $1500 is made into a fund on March 28. The fund earns simple interest at 5%. On July…
A: Calculate the days difference between the dates
Q: 5. A man wishes his son to receive P200,000 ten years from now, What amount should he invest if it…
A: The future value of the investment is P200,000. The investment to be done in current period is P.…
Q: A principal of $100 is invested at 8% for 2 year. Determine the future value if the interest is…
A: Principal; P= $100 Rate= 8% Time= 2 years a) Annually Future Value=P1+rt…
Q: How much money would you need to deposit today at 8% annual interest compounded monthly to have…
A: Given Rate of interest = 8% per year compounded monthly. Future value of money =$20000 Time = 5…
Q: 4-52 1. (4-53) Assume a 10% interest rate and find S, T, and x. (Answer: S = $218.90; T = $54.30; x…
A: i=10%
Q: a. If an investor invests a sum of Rs. 6000 at an interest rate of 10% compounded quarterly. After 3…
A: a. Given An investor invests a sum of Rs. 6000 at an interest rate of 10% compounded quarterly.…
Q: 4. An annuity pays $6500 at the beginning of every year for 10 years. If the payments are deferred…
A: Given: Annuity payment each year for 10 years=$6500 Deferred=7 years Interest compounded…
Q: 2. A savings bank offered you 6% nominal interest compounded every 2 months You deposited $4,000. a)…
A: here we calculate the future value and the effective interest rate of the following , so by using…
Q: 2. You will keep $1,000 in savings for one year. What is the EAR of each of the following saving…
A:
Q: A man wishes to have 35,000 when he retires 15 years from now. If he can expect to receive 4% annual…
A:
Q: If you deposit $2,042 today in a savings account that pays 8% interest annually, how much would you…
A: Given: Principal (P) = $2042 Interest rate (R) = 8% annually Time (T) = 5 years
Q: 1000 750 ÏILLE 500 1250 250
A: Each sum is communicated in the worth of the cash at that specific time, alluded to as future…
Q: Find G? c. 4 2G $10,00 Find G?
A: here we have 2 cashflow by using the information we will calculate the value of G , so the…
Q: A bank sales a pledge of savings certificate of 500,000$ to pay 10 years later. to a 4% continuous…
A: The information which has been given to us is as follows:- Future value is $500,000 n is given to…
Q: Calculate the future value for the following 3 problems Present Value Interest Rate Time (Years)…
A: Future Value takes into account the time value of money. It calculates the value of an asset at a…
Q: b) Using Net Present Value techniques and fully showing your workings, what is the annual repayment…
A: Given Information: Principle (P) = 15000 Number of Years (n) = 5 Rate of Interest (r) = 0.06 The…
Q: A department store has offered you a credit card that charges interest at 1.05% per month,…
A: Answer (a) 0.126 or 12.6%
Q: 4. Given two cash transactions at i=10%, find the value of C. Cash flow 1 Cash flow 2 $300 $300 $300…
A: Present Worth (PW) of cash flow 1 = 100×PA,0.10,2 + 300×PA,0.10,10.3×PF,0.10,2 Calculate the…
Q: Problem 1: Tess wanted to have P100,000 on her bank account at the end of 8 years. She plans to…
A: The idea of saving a certain amount monthly in order to save a large sum of money for the future is…
Q: .d What is the annual interest rate on a $1,000
A: The future value (FV) provides the value of an asset at a later date assuming some rate of growth…
Q: If you wish to have $800 in a savings account at the end of 4 years, and 5% interest will be paid…
A: The rate of interest is the opportunity cost of holding money.
Q: If you borrow $12,000 at 20% interest rate for 5 years, what is your ordinary simple interest in…
A: Simple Interest refers to the money that is paid only on principal. Principal is the money that is…
Q: Question: Calculate the compound interest on 30,000 TL at 7% annual interest in 3 years. Find…
A: Given, Principal (P)= 30,000 TL Annual interest rate (i)= 7% = 0.07 Time (t)= 3 years Compounding…
Q: Calculate the the compound amount for an annual payment of $8000 for 14 years when the interest rate…
A: Yearly compound interest formula A=P1+r100n where A=amount P=Principle r= rate of interest in…
Q: 3. What is the value of an investment of P250,500 after 2 years if it earns 1.5% compounded…
A: Investment value = P250500 Time period = 2 years Interest = 1.5%
Q: 2. What is the monthly payment for a loan of 100,000 over 5 years nominal interest rate is 12%…
A: Loan amount = $ 100,000 Tenure = 5 years = 5 × 12 months = 60 months Interest rate = 12% (compounded…
Q: 1) You have a goal of saving $1500 over 6 years. Assuming bank interest rates are 5%, What annual…
A: Here we calculate the annual deposit amount by the following method as follow;
Q: A businessman needs to have P200,000 in eight years. How much(P) must he put into his 18% savings…
A: Compound interest formula: FV = P (1 + r / m)nm Where FV is the future value P is the principal…
Q: Mia is 27 years old and he saw a bank offering a time deposit plan with 6% interest. Shee does not…
A:
Q: Edward takes out today a loan of $150,000.00 from a local Bank at 8% Compound Interest for 7 years.…
A: Here we calculate the amount Edward pay back at the end of year 7th by using the given information ,…
Q: 1. Given the series of payment at the end of each year as follows: P 1000 Year 1 Year 2 1500 Year 3…
A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…
Q: Brian borrowed P30,000 from a financing company charging 11 4/5% simple interest for 180 days. How…
A: According to the question brain borrowed P30,000 at the interest rate of 11 4/5(11.8%) for the 180…
Q: Anika wants to invest $200 a month at 4.25%/a compounded monthly for 10 years. a) b) What will be…
A: Regular payments given at the conclusion of each term, such as monthly or quarterly, make up a…
Q: Given the situation , choose the correct formula to solve the problem: What present value amounts to…
A: The formula for present value(PV) is given below: PV=FV×11+RN FV: future-value R: interest rate N:…
Q: You are 65 years old and about to retire. You have $100,000 saved in a retirement account and would…
A: Period cash flows depict a series of flows of cash in which equal amounts tend to happen at periodic…
Q: You have $5,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…
A: Interest rate is the amount charged by the lender from the borrower for the use of its money.
Q: I invested $5000 and earned $300 in interest in 9 years. What was the interest rate r if interest…
A: Continuous compounding is the numerical furthest reaches that accruing funds can reach if it's…
Q: Sally purchases a perpetuity immediate with annual payments that pays $4000 toda and Payments…
A: Specifics of annual payment - Increases by 5% annually Paid for 6 years Let the payment in first…
Q: 1. A man wishes his son to receive P200000 ten years from now. What amount should he invest if it…
A: Given : F = P 200,000 n = 912 Compound interest for first five years :…
Q: If your grandfather had deposited the money with a monthly interest of 1% instead of 12% per year,…
A: Effective annual rate (EAR) = [1 + (r / m)]m - 1, where r: Stated annual nominal rate and m: Number…
Q: If the interest rate is 7.0%, what is the present value of a perpetuity paying $210 per year? (A…
A: Present Value of perpetuity-Perpetuity is used in accounting and finance, represents a business or…
Q: f you have only $750 on January 1, 2019, what interest rate, compounded annually for 3 years, must…
A: Given: The amount of initial investment is = $750 Years = 3 The maturity amount is = $1,000 To Find:…
Q: 3 A sum of $6000 is invested at an interest rate of 7% per year. Find the time required forthe Money…
A: The compound interest rate is the increase of the interest rate in the real amount of the loan or…
Q: Tim invested in a 3-year bond paying 4.7% simple interest. Upon maturity the bond was worth $2700.…
A:
Q: 3. What would $1000 become in a saving account at 3% per year for 3 years when the interest is not…
A: In simple interest rate, interest rate is charged on fixed initial value and in compounding interest…
Q: a.) How long will it take any sum to double itself with an 11% interest rate compounded…
A: Answer (a) For compounded continuously A = P×er t Here, A = 2P So, 2P = P×er t2 = er t 2 =…
Q: 4. An engineering consultant wants to withdraw $16,000 per year for each of the next 10 years to…
A: Answer: The following formula to find the present value that will be deposited is given below:…
Q: 3) In 12 years from now, you want your investment to be able to be worth $200,000. To the nearest…
A: here we calculate the present worth by using the given information so the calculation of the…
Q: 5. For an interest rate of 8% compounded annually, find: a. How much can be loaned now if $5,000…
A: here we calculate the present value of the loan by using the amount of loan given at end of 5 year…
Q: Solve for the value of X in the Figure below so that cash flow A is equivalent to cash tlow B (i =…
A: Present worth (PW) is the present worth of a future sum of money or cash flows given a particular…
Typed!!!
Step by step
Solved in 2 steps
- f you have only $750 on January 1, 2019, what interest rate, compounded annually for3 years, must you earn to have $1,000 on January 1, 2022?Let's say that you invest $8000 at 3.1 percent annual interest for 6 years. What will its value be? Carefully follow all numeric directions. Round intermediate steps to four decimal places and final answers to two.NEED HELP ASAP! THANK YOU SO MUCH ! Problem 1: What is the future equivalent of $1,000 invested at 8% simple interest per year of 2.5 years?Problem 2: An investment earns 20% compounded semiannually. After how many years will it triple?Problem 3: A man is required to pay P57,500 at the endof 15 days and for P60,000 at the end of 60 days. Determine the rate of interest. Problem 4: How much should you deposit in an account 5% interest semi-annually if you want to have $25,000 after 10 years?Problem 5: How much should Jane return at the end of 60 days if she loaned P10,000 from a friend at a simple interest of 10%?
- Chris makes a deposit of $500 into his savings account at the beginning of each year for the next 20 years. If the account earns 5% interest rate per year compounded annually, what will be the future value at the end of 20 years?Need to calculate.Jake Werkheiser decides to invest $5000 in an IRA at the end of each year for the next 11 years. If he makes these investments, and if the certificates pay 9%, compounded annually, how much will he have at the end of the 11 years?Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes from deposits and how much comes from interest?Periodic Deposit: $? at the end of each yearRate: 8% compounded annuallyTime: 12 yearsFinancial Goal: $20,000
- Rashed wants to make his investment triple its value at the end of twelve (12) years’ time. What rate of interest, compounded yearly does he expects?The present value of a series of $5 at the end of every 5 years, forever, is equal to $20. i. Calculate the effective rate of interest. ii. What is the accumulated value of $9400 invested for 10 years after a 6% discount is paid at the beginning of the investment period? Please i need answer for only subpart iiExample 1: EOY NCF ($) 1 100 2 150 3 200 4 250 Calculate the present worth when interest rate is 8%.
- ! Use the given Data ! bartleby = 3 max questionsFor a deposit of P150000 at 8.5% interest compounded continuously over 5 years, find the interestearned. Jonal is left with an inheritance which amounts to P 30000 trusted to her guardian until it reachesto P 60000, how long would she wait for her money if it is invested at 10% compounded quarterly?N=A set of cash flows begins at $20,000 the first year, with a decrease each year until n = 10 years. If the interest rate is 7%, what is the present value when (a) the annual decrease is $2000? (b) the annual decrease is 10%?2. A loan of $25,000 was repaid at the end of 9 months with $28,500. What annual rate of interest wascharged?3. If an investment company pays 16% compounded quarterly, how much should you deposit to have $5,000two years from now?