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- 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%?Mr. Smith invested $2,500 in a savings account that earns 3% interest compounded annually. He made no additional deposits or withdrawals. Which expression can be used to determine the number of dollars in this account at the end of 4 years? 2500(1+0.03)^(4),2500(1+0.04)^(3) 2500(1+0.3)^(4),2500(1+0.4)^(3).Many persons prepare for retirement by making monthly contributions to a savings program. Suppose that $2,600 is set aside each year and invested in a savings account that pays 8% interest per year, compounded continuously. a. Determine the accumulated savings in this account at the end of 23 years. b. In Part (a), suppose that an annuity will be withdrawn from savings that have been accumulated at the EOY 23. The annuity will extend from the EOY 24 to the EOY 32. What is the value of this annuity if the interest rate and compounding frequency in Part (a) do not change?
- 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?Pls solve for the ordinary annuity of the following: Find the amount of payment to be Joe needs to make into a sinking fund every quarter to accumulate $62,000 after 6 years: Knowing that money earns 8 % compounded quarterly. Ans: $2,038.01 Find the amount of payment to be made into a sinking fund to accumulate $75,000 for 4 and half year: money earns 6% compounded semiannually. Ans: $7,382.54 What is the present value of an annuity of $2,000 per year, with the first cash flow received three years from today and the last one received 8 years from today? Use a discount rate of eight percent.Ans: $ 7,926.75Many persons prepare for retirement by making monthly contributions to a savings program. Suppose that $2,600 is set aside each year and invested in a savings account that pays 10% interest per year, compounded continuously. a. Determine the accumulated savings in this account at the end of 23 years. b. In Part (a), suppose that an annuity will be withdrawn from savings that have been accumulated at the EOY 23. The annuity will extend from the EOY 24 to the EOY 33. What is the value of this annuity if the interest rate and compounding frequency in Part (a) do not change? The accumulated savings amount at the end of 23 years will be $
- A woman deposits $9000 at the end of each year for 10 years in an account paying 3% interest compounded annually. (a) Find the final amount she will have on deposit. (b) Her brother-in-law works in a bank that pays 2% compounded annually. If she deposits money in this bank instead of the other one, how much will she have in her account? (c) How much would she lose over 10 years by using her brother-in-law's bank?You are paying$1,500each month for 12 years with an interest rate of12%compounded continuously, find the equivalent future lump sum amount at the end of 10 years? (if result=1250.5just write 1250.5 ) Answer:.Pls solve for the ordinary annuity of the following: Joe deposits $22,000 at the end of each year for 7 years, in an account paying 6 % compounded annually, how much will he have on deposit after 7 years? Ans: $184,664.43 Napoleon deposits $1,200 at the end of each quarter for 10 years, in an account paying 8 % compounded quarterly, how much will he have on deposit after 10 years? Ans: $72,482.38 Jose wants to retire in twenty years and for this purpose he is depositing $200 at the end of each month in a sinking fund that pays 7.2% compounded monthly. If he will be doing this for twenty years, then how much money will be there for him when he retires? Ans: $106,752.47
- A person needs $17,000immediately as a down payment on a new home. Suppose that she can borrow this money from her company credit union. She will be required to repay the loan in equal payments made every six months over the next10 years. The annual interest rate being charged is 13%compounded continuously. What is the amount of each payment? The amount of each payment is $ (Round to the nearest dollar.)A(n) 16-year bond has a coupon of 6% and is priced to yield 13%. Calculate the price per $1,000 par value using semi-annual compounding. If an investor purchases this bond two months before a scheduled coupon payment, how much accrued interest must be paid to the seller? The price of the bond, PV, is $nothing. (Round to the nearest cent.)Solve by using formulas. (Round your answer to the nearest cent.) Ordinary Annuity AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Future Valueof the Annuity (in $) $3,000 every 6 months 5 5.0 semiannually $