ohn deposited P500,000 on his bank account. Due to an emergency, he withdrew P350,000 after 3 years and 2 months from the day of his first deposit. He added P50,000 after 7 months of his withdrawal. If the interest rate is 8% compounded quarterly, what is the future account bal

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A: Details given are : Initial investment (Present value) = $2696.01 Time period = 1 year Interest rate…

Q: An investor deposits 10,000 into a savings account that sets its interest rate for the year on the…

A: The account balance at end of time can be calculated with the help of future value function

Q: Thornton borrowed $250,000 at a rate of 7.25%, simple interest, with interest paid at the end of…

A: Simple interest is simple interest that means there is interest on the principal amount only and…

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

Q: How much in Php will be in Ligaya's BDO account after the end of the last 6 years?

A: Future Value (Continuous Compounding) = Principal x e^(i x t) Here, i = Interest Rate t = Time in…

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A: Monthly compound interest refers to the interest that is compounded on a monthly basis, which is…

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A: Semi-annual payment = ¢ 50,000.00 Interest rate = 16%  Time Period = 20 Years

Q: A person deposits ¢ 1,000 annually, in an account for 5 years, at the end of the 5 years, withdraws,…

A: The future value method for compounding the amount is important in financial management. It helps in…

Q: Victor French made deposits of $5,200 at the end of each quarter to Book Bank, which pays 8%…

A: Time value of money is a concept which states that the worth of one unit of currency in today's time…

Q: A man deposited GH¢14100.00 at 8 % per annum compound interest. If at the end of 4 years, he…

A: given, pv= 14100 r1-4= 8% n = 7 r5-7= 12%

Q: Shelley Katz deposited $30,000 in a savings account at 5% interest compounded semiannually. At the…

A: Present value is the current worth of the future expected cash flows that an investor obtain from…

Q: "Ten years ago, when Nigel was still a college student, he deposited 10,000 in a bank. The bank's…

A: Deposit amount (P) = 10,000 Period = 10 Years Quarterly period (n) = 10*4 = 40 Interest rate = 2%…

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A: The future value function can be used to determine the future value of a sum at a given discount…

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A: Data given: Principal amount = $ 3600 Interest rate =1.38% compounded  daily Time= 3 years   Given:…

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

A: Here,

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A: We here need to use future value of ordinary annuity(payment due at end) formula for calculation of…

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A: In this we need to find out the effective annual rate.

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A: given, pv =  P100,000  A=  P30,000 at end of 5 years for next 4 years R=12% M=4

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A: Compound Interest is the method that considers interest on interest. It is a widely used method. The…

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A: Simple interest is based only on the principal amount. On the other hand, compound interest is based…

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A: Using excel FV function

Q: Mr. Palting deposited P100,000 on a bank bearing an interest of 12% compounded quarterly. At the end…

A: Initial deposit = P 100,000 Annual deposit after the end of year 5 = P 30,000 Annual interest rate =…

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A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: Julia Roberts deposits 4600 dollars in an account paying an effective rate of interest of 5.2…

A: Simple Interest formula is  Amount = Principal + (Principal*rate*time)

Q: when will your account have a balance of $3000

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A: We need to use compound interest formula to solve this problem A =P(1+i)n Where A=Compound amount…

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A: Given, Principal amount = P115,000  Interest =P154,846.1632- P115,000    = P39,846.1632 Time=8.5…

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: Ann deposits $500 at the end of each month into her bank savings account. The bank paid 8% nominal…

A: The future value of certain recurring payments at a specified certain intervals is the future sum at…

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A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

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A: To determine the future value of $1500 after 3 non leap years at 1.12% annual interest, compounded…

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A: Future Value is an estimation in finance based on the past data and current initial investment. It…

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A: Quarterly deposit (P) = P 10,000 Annual interest rate = 7% Quarterly interest rate (r) = 7%/4 =…

Q: Lee Holmes deposited $15,300 in a new savings account at 8% interest compounded semiannually. At the…

A: Given Information: Amount deposited - $15,300 Rate of interest  - 8% compounded semiannually Amount…

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A: In this question future value is to be find out. Future value is the value of an asset grown to some…

Q: Alan Angel made deposits of $400 semiannually to Sag Bank, which pays 10% interest compounded…

A: The present value of an amount is its current worth, whereas the future value is the total amount of…

Q: Crystal deposited $16,000 in a new savings account at 7% interest compounded semiannually. At the…

A: Future value is worth of an account at future date where amount gets added with interest with the…

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…

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

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A: In this question we need to compute the today's value of investment made one year ago. Basically we…

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A: Interest rate = 5% quarterly compounded We need to find the monthly interest rate as the deposits…

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A: Here, Initial Deposit is P55,000 Interest Rate before withdrawals is 14% First withdrawals is in the…

Q: Susan deposits $2000 into a bank account that pays interest at the following rates: • an effective…

A: Present Value  $ 2,000.00 Effective rate of interest  4.00% Effective rate of interest 2.50%…

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A: Amount placed initially (X) = Ph 6553 Interest rate for the first 5 years (i) = 5.89% compounded…

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A:

Q: how much is Helen's deposit

A: Future value of a deposit is the net worth that a deposit will earn at a specified future date with…