Using the simple interest formula 1 = Pr, determine the deposit that must be made to earn 53123 in 193 days at 3 47% pa The deposit required is S (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
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- Give typing answer with explanation and conclusion You purchase a 188-day, $1000 U.S. Treasury bill at 0.36% discount. On the date of maturity, you will receive $1000. What is the actual rate of interest of the Treasury bill? Express the rate as a percent rounded to four decimal places.Compute The present value of a $5500 deposit in year 1, and another $5000 deposit at the end of year 4 using an 8% interest rate. ( do not round intermediate calculations and around your final answer to two decimal places)Q23 Compute the present value of a $5,800 deposit in year 1, and another $5,300 deposit at the end of year 4 using an 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) PRESENT VALUE?
- You want to receive $275 at the end of every three months for 5 years. Interest is 5.7% compounded quarterly. (a) How much would you have to deposit at the beginning of the 5-year period? (b) How much of what you receive will be interest? Question content area bottom Part 1 (a) The deposit is $enter your response here. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Part 2 (b) The interest is $enter your response here. (Round the final answer to the nearest cent as needed.You would like to earn simple-interest $1 800 from a term deposit at 4.25% in 8 months. Calculate the principal you need to invest. Round your answer to the nearest dollar. O a. $72 605 O b. $63 529 O c. $77 775 O d. $67 818 O e. $56 471A deposit of $250 earns the following interest rates: 10 percent in the first year. 8 percent in the second year. 7 percent in the third year. What would be the third year future value? (Round your answer to 2 decimal places.)
- Calculating Interest Using 360 days as the denominator, calculate interest for the following notes using the formula I = P × R × T. Round your answers to the nearest cent. Principal Rate Time Interest $4,200 6.00% 30 days $fill in the blank 1 1,000 7.50 60 $fill in the blank 2 4,400 8.00 120 $fill in the blank 3 950 6.80 95 $fill in the blank 4 1,250 7.25 102 $fill in the blank 5 2,400 7.00 90 $fill in the blank 6Compute the present value of a $2,000 deposit in year 1, and another $1,500 deposit at the end of year 3 if interest rates are 10 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.)You deposit $ 70,565 in your account today. You make another deposit at t = 1 of $ 51,167 . How much will there be in your account at the end of year 2 if the interest rate is 19 percent p.a.? (Record your answer without a dollar sign, without commas and round your answer to 2 decimal places; that is, record $3,245.847 as 3245.85). Your Answer:
- 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? A=P(1+r)t−1r A=P1+rnnt−1rn P=Arn1+rnnt−1 Periodic Deposit: $? at the end of each month Rate: 7.5% compounded monthly Time: 3 years Financial Goal: 34,000A deposit of $350 earns the following interest rates:8 percent in the first year.6 percent in the second year.5.5 percent in the third year.What would be the third year future value? (Round your answer to 2 decimal places.)Determine the annual financing cost of a 1-year (365 day), $9,000 discounted bank loan at a stated annual interest rate of 10.0 percent. Assume that no compensating balance is required. Round your answer to two decimal places. %
