Ken invests RM14,800 at 2% compounded quarterly for two years. a) Find the future value of the investment. b) Calculate the interest he will earn over the two-year period.
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- Ken invests RM14,800 at 2% compounded quarterly for two years.
a) Find the future value of the investment.
b) Calculate the interest he will earn over the two-year period.
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityMorgan invested 2800 for 6 years compounded semi-annually. If the future value of the investment was 4355.27, then what annual interest rate was he earning?An investor deposits a sum of Rs 100,000 in an investment company with a promise of a rate of return of 18 percent per year. if the investor decides to withdraw the accumulated interest at the end of each year, what would be his yearly earnings from the investment if added (i) monthly, and (ii) continuously?
- Chuck Brown will receive from his investment cash flows of $3,125, $3,460, and $3,840 at the end of years 1, 2 and 3 respectively. If he can earn 7.5 percent on any investment that he makes, what is the future value of his investment cash flows at the end of three years? (Round to two decimal places.)An investor deposits a sum of Rs 100,000 in an investment company with a promise of a rate of return of 18 percent per year. if the investor decides to withdraw the accumulated interest at the end of each year, what would be his yearly earnings from the investment if added (i) yearly, (ii) six-monthly, (iii) quarterly, (iv) monthly, and (v) continuously?John invests $ 350 on the last day of each month into an account for 4 years compounding monthly at an interest rate of 7.5%, and then allows that investment to earn interest for the next 3 years. What is the value of his investment at the end of the seventh year?
- Zach depsoits a $38,000 one-time lump sum in an account with an APR of 7% that is compounded quarterly. What is the value of Zach's investment after 24 years?. Mr. Paul makes an initial investment of ₱6,000 for a period of 3 years. Find the value of the investment after the three years if the investment earns the return of 10.5% compounded monthly.Ahmed has S2,500 invested at a guaranteed rate of 4.50 percent, compounded annually. What will his investment be worth after fíve years?
- James invests $15,000 in a 5-year Guaranteed Investment Certificate (GIC) with a variable interest rate that changes annually. The interest rate for the first year is 5%, and it increases by 1% each subsequent year. Interest is compounded quarterly. Calculate the following: a) The Maturity Value of the GIC after 5 years. b) The Annual Rate of Return (Effective Annual Rate, EAR) for the GIC. c) If James decides to withdraw the GIC after 3 years, calculate the amount he would receive, and determine the Annual Rate of Return for the period he held the GIC.Sidney makes 10 annual deposits of 5,500 each into an investment account. The interest rate is 6% per year for the first 5 years and 10% per year thereafter. What is the future worth the deposits? Show workDarwin has a capital of $ 7100.00 which he invests for 3 years at 7.6 % p. a. a)How much will he receive come maturity time if the interest is compounded annually? Round to nearest 100th. b)How much will he received come maturity time if the interest is compounded semi-annually? Round to nearest 100th . c)How much will he receive come maturity time if the interest is compounded quarterly? Round to nearest 100th .
