Q: A bank account earns 6% simple interest. If you deposit $1,000 and then do not make any additional…
A: We need to calculate future value of $1,000 deposited today at 6% simple interest after 5 years.…
Q: How much must be deposited today in a savings bank to accumulate Php 100,000 after 5 years if the…
A: Here we need to use the accumulated value formula, which is given by, A = P(1+r)n Where , A =…
Q: future value of your money in 17 years.
A: Future Values: Future value is the value that will be increased or decreased after a particular…
Q: You deposited $8,000 six years ago into a bank account. Two years ago, you deposited an additional…
A: Here, Initial deposit = $8,000 Total future value = $89,187.52 Interest rate = 14% Time period for…
Q: You have just received a bonus of $10,000 and are looking to deposit the money in a bank account for…
A: Value after a period can be calculated as: = Principal * (1 + Periodic Interest rate)^number of…
Q: a businessman needs to have 100,000 due in 5 years. how much must he put into his 10% saving account…
A: Here in this question, we are required to calculate how much business man should put into investment…
Q: A bank account pays 5.5% annual interest, compounded monthly. How long will it take the money to…
A: Present Value The present value is the value of cash flow stream or the fixed lump sum amount at…
Q: You have just remembered that four years ago you placed $1,000 in a bank account. If the bank was…
A: PV x (1+r)n=FV
Q: If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest…
A: future value = present value*(1+rate)^n future value = 8854*1.08^7
Q: You were considcring depositing your savings in one of three banks, all of which pay 7% interest;…
A: Bank Capital interest rate = 7% annually compounded Bank Daisani interest rate = 7% semiannually…
Q: 5. You deposit PHPI,500 in your bank account. If the bank pays 4% simple interest, how much interest…
A: Simple Interest = P * R *T Where P = Principal = PHP1,500R = Rate of Interest = 4%T = Time = 10…
Q: Bank A pays 10% interest compounded annually on deposits, while Bank B pays 9% compounded daily.…
A: Bank A interest = 10% annually compounded Bank B interest = 9% daily compounded (365 days of…
Q: bu want to lend $10,000 as a bank deposit in a private bank with an interest rate 4 % compound…
A: In this we need to find out future value and than find out interest on that.
Q: You deposit money into a savings account which offers a rate of 5.75% compounded weekly. five years…
A: Future Value (FV)=$20,200 Duration (n)=5*52=260 periods Rate per period (i)==5.75%52=0.0011
Q: How much will you need to put in the bank today at 4% interest to have P20,000 in five years?
A: Present value is the sum of the current value of money of future cash flows. It is also known as a…
Q: You decide to deposit $5000 in a bank account paying 3.5% interest. What is the value of your…
A: Value of saving in 1 year can be calculated using following formula FV = PV* (1 + r / n)nt Where,…
Q: If you deposit OMR 16830 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Amount of Deposit = OMR 16830 Interest Rate = 8% Years =5 Interest Rate half yearly (r)=8%/2 =4%…
Q: Suppose you save $4,000 per year at the beginning of each year for 10 years and earn 8.5% interest…
A: Hi there are multiple questions are posted in this post. As per company guidelines expert can answer…
Q: PLEASE HELP ASAPThe client has made a deposit in the bank in the amount of 10,000$. The duration of…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Bank A pays 5% interest compounded annually on deposits, while Bank B pays 4.8% compounded monthly.…
A: Effective annual rate(EAR) is the rate that is actually earned or paid on investment or loan. It…
Q: If an entrepreneur applies for a loan amounting to ₱ 500,000 in a bank, the simple interest of which…
A: Simple interest = Principal * Rate of interest*Time Rate of interest = Simple…
Q: How much must a man 35 years of age deposit in a savings account today in a bank paying 9 1⁄2 %…
A: Future value (FV) = P75,000 Interest rate = 9 1/2% = 9.50% Quarterly interest rate (r) = 9.50%/4 =…
Q: A bank will pay you $100 a year for your lifetime if you deposit $2,500 in the bank today. If you…
A: In the given question we need to compute the interest rate bank is paying.
Q: A bank bill with a face value of $250,000 was issued today and it matures in 60 days' time. If…
A: Present value is referred to as the current value of the future sum of the funds/cash flows stream…
Q: A man borrowed P300,000 from a bank and agreed to pay the loan at the end of a month. The bank…
A: Maturity amount (F) = P 300,000 Net proceeds (P) = P 250,000 Period (n) = 1 Month = 1/12 Year
Q: A customer deposits money into a bank which was able to create $10 000 000 in credit from it. The…
A:
Q: A business man needs to have 100,000 due in 5 years. How much must he put into his 10% savings…
A: Amount = Principal×(1+rate)Time 100,000 = Principal×(1+10%)5 100,000 = Principal×1.61051 Principal…
Q: A businessman loaned P500,000 from a local bank that charges an interest rate of 12% compounded…
A: Time value of money :— According to this concept, value of present money is greater than value of…
Q: If you deposit OMR 8500 in your account in a bank. Suppose the bank pays 1.15% compound interest…
A: Future Value ( FV ) is the value of a present investment worth in the future. Given, Amount of…
Q: You put 8,293 in the bank for 11 years at 5% what factor would you use to calcuate the future value…
A: Formula future value = present value x (1 + interest rate)^n Present value = 8,293 Interest rate =…
Q: How much would your investment be worth if you deposited $5,555.55 into a bank that paid simple…
A: Total Interestn need to be computed for 10 years period by computing the annual interest on amount…
Q: A man borrowed Php 8000 from RCBC and agreed to pay the loan at the end of 9 months. The bank…
A: AMount borrowed is Php 8000 Time period is 9 months Amount received after discount is Php 5000 To…
Q: You deposit Php10,000 in a bank and plan to keep it there for five years. The bank pays 8% annual…
A: Future value is the value of an asset after some years. Future value tells how much your investment…
Q: a) Suppose you save $4,000 per year at the beginning of each year for 10 years and earn 8.5%…
A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…
Q: What amount must I deposit in the bank to receive $6,000 in twelve years if my account pays 3.5%…
A: Interest is an additional amount which is received over the period at fixed rate. Depositor get sum…
Q: If you deposit $20,000 in a bank account that pays 5% interest annually, how much will be in your…
A: The provided information are: Present value (PV) = $20,000 Rate of interest (r) = 5% = 0.05 Time…
Q: You put $250 in the bank for 5 years at 12%. Using the Future Value of 1 Table, what factor would…
A: The Future Value can be calculated from Future value table using the following formula Future…
Q: The Bank pays $1,200 in a bank deposit after a period of 12 years at an annual interest rate of 6.5%…
A: The future value is the value of an asset in the future time period given a growth rate and time…
Q: Suppose you save $4,000 per year at the beginning of each year for 10 years and earn 8.5% interest…
A: Hi there! Thank you for the question. Post contains multiple questions. As per company guidelines…
Q: (a) A bank account pays 5.5% annual interest, compounded monthly. How long will it take the money to…
A: a) monthly rate = 5.5%/12 2 = 1*(1 + 5.5%/12)n where n is the number of months number of months =…
Q: There is a bank account with a balance of 10,000 dollars and an interest rate of 1% per year. How…
A: Rule of 72 Rule of 72 provides a numerical formula to roughly predict the time period required to…
Q: You put $250 in the bank for 5 years at 12%. If interest is added at the end of the year, complete…
A: Future value = Present value ×(1+pir)^n N = number of periods = 1 year (for first year) Pir =…
Q: Bank A pays 4% interest compounded annually on deposits, while Bank B pays 3.5% compounded daily. a.…
A: Effective Annual Rate is the equivalent interest rate for nominal rate which is compounded multiple…
Q: You deposited PHP1,500 in a bank with an interest rate of 5% for 1 year. What is the future value of…
A: The future value is the amount that will be received at the end of a certain period. In simple…
Q: Find the equivalent present worth of the cash receipts in the accompanyingdiagram, where i = 8%…
A: given r=8% year cashflow 1 -1000.00 2 600.00 3 600.00 4 600.00 5 800.00
You have Rs.25, 000 which you deposited in a bank account, bank promised to pay you back Rs.75, 000 after 8 years. What rate offered by bank?
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- Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.
- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?Mr. Ali has invested an amount of Rs101, 876 in a Bank scheme. Bank credits profit of 7% each year, and charge a bank fee of Rs 100 per month. What will be you amount at the end of 7th year?
- You get a personal loan from the bank for $10,500, the interest rate you are charged is 8% for two years. What interest do you pay the bank?If you deposit in a bank $200 today, $250 a year from now, $150 in the second year and $300 in the third year, how much you find in your banj account in the 3rd year if the interest is 10%?Your local bank pays 4% interest annually. You have $5,000 invested in the bank. How long will it take for your funds to double? Please show your work in excel.
- A man borrowed 200,000 from his friend and agreed to pay after 6 years at an interest rate of 10% per annum. How much should the man deposit monthly in a bank in order to discharge his depth, if the bank offers 6% annual interest rate?Suppose you receive $100 at the end of each year for the next 3 years. a) if the interest rate is 8%, what is the present value of the cash flows? b) what is the future value in 3 years of the present value you compute in a? c) suppose you deposit the cash flows in a bank account that pays 8% interest in a year. What is the balance in the account at the end of each of the nest 3 years (after your deposit is made)? How does the final bank balance compare with your answer in b?A businessman loaned P500,000 from a local bank that charges an interest rate of 12%compounded semi-quarterly, how much is he going to pay after 5 years? Draw a cash flowdiagram.
