y.  In the second account, interest is compounded continuously.  How much more is in the second account after 12 years?

Q: What lump sum of money must be deposited into a bank account at present time so that $1,50 can be…

A: In this we have to calculate present value of cash flow withdrawal.

Q: If an amount of $9000 is borrowed at an interest rate of 24% per year for 12 years, how much is the…

A: Simple interest is calculated by multiplying the principal by interest and given years.

Q: CBG pays 10 percent per annum simple interest on its savings account balances, GCB pays 8 percent…

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

Q: Suppose you invest $103 nin a bank​ account, and five years later it has grown to $137.91. a. What…

A: The present value is the value of the sum received at time 0. It is the current value of the sum…

Q: You borrow $11,000 from the bank at an interest rate of 6%, compounded annually. You are required to…

A: Compound interest is interest added to the principal amount of a loan or deposit, or interest on…

Q: How much money should be invested in an account that earns 9% interest, compounded quarterly, in…

A: Given data; interest rate = 9% future value = $ 5000 number of years = 5 compounding frequency = 4

Q: What lump sum of money must be deposited in a bank account at present time so that P 500 monthly can…

A: An annuity is a sequence of payments or deposits occurring at equal intervals of time for a given…

Q: Suppose that you deposited $5,000 in a savings account. It has been 15 years and your current…

A: Interest refers to the amount charged by the lender on the lent amount. The borrower of the loan is…

Q: If you deposit $100 in a savings account at the end of each month for 2 years, the balance will be a…

A: Ordinary Annuity means a series of equal payments that are made over a fixed length of time at the…

Q: What is the interest earned in a savings account after 12 months on a balance of $4000 if the…

A: Since compounding is annually and we have to find the interest earned for 12 months, formula would…

Q: "If a single deposit of $500,000 is made today, earning 8% interest, compounded QUARTERLY, how much…

A: In the given question, $ 500,000 are invested at 8% compounded quarterly for 10 years. Since…

Q: 1. First City Bank pays 7 percent simple interest on its savings account balances, where Second City…

A: 1) Simple interest rate of First City Bank (r) = 7% Compound interest rate of Second City Bank (i) =…

Q: 1.-What is the size of 60 monthly payments and 5 annuities that result from the purchase of land…

A: As per the honor code, we’ll answer only one question at a time, we have answered the first question…

Q: 3. You have a bank deposit now worth $5000. How long will it take for your deposit to be worth more…

A: Time period for a present value to accumulate to future value is calculated by NPER function in…

Q: What is the future worth of a series of equal year-end deposits of $3,000 for 15 years in a savings…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: The interest rate is 10% compounded annually. What percentage of the 2nd payment will be interests?

A: In any loan, the equated instalment repayment will include the principal and the interest.  Interest…

Q: unt pays interest at a continuously compounded rate of .05 per year. Continuous deposits are made to…

A: Future value of compounding continuously can be calculated using exponential form of interest rate.

Q: An account pays 4 percent interest (yearly effective). 10,000 dollars is deposited into that account…

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

Q: suppose that $575.75 is invested in a savings account with an APR of 12% compounded monthly. What is…

A: Future value is the worth of the current amount in some future specified date at given interest…

Q: 1)If $1180 accumulates to $1566.75 in four years, six months compounded semi-annually, what is the…

A: As per the honor code, we’ll answer only one question at a time, we have answered the first question…

Q: Finance. Suppose that $7,600 is invested at 3.9% annual interest​ rate, compounded monthly. How much…

A: Answer

Q: 3. A financial institution offers a nominal interest rate of 12% while compounding its accounts…

A: Effective Interest Rate: It refers to the annual rate of interest provided the effects of…

Q: How much will the account contain after 9 years and 3 months? How much interest will be earned?

A: Deposit amount = $600  Interest Rate = 5±70 compounded quarterly i.e 4.3 or 5.7 compounded quarterly…

Q: 1. A man deposit 50, 000 in a bank account at 6% compounded monthly for 5 years. If the inflation…

A:

Q: The bank is paying 9% interest compounded quarterly. If you deposit P5,000 at the beginning of each…

A: Interest rate (r) = 9% per annum = 2.25% per quarter Quarterly deposit (Q) = P 5000 n = 10 years =…

Q: 7. If you want to collect ¢ 5,000,000 in 4 years and for this you make deposits every end of the…

A: N = 4*12 FV = 5,000,000 rate = 18%/12 PV = 0 use PMT function in Excel value of deposit before…

Q: You have a bank deposit now worth $5000. How long will it take for your deposit to be worth more…

A: Interest is an additional amount which is earned on deposited amount for the period. It increases…

Q: Given below are the future value factors for 1 at 10% for one to five periods. Interest is…

A: It is method of computing interest where interest is calculated over interest as well.

Q: 5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded…

A: Companies are usually compute the present value and future value for the purpose of estimating the…

Q: Suppose that $8000.00 was invested in a savings account that paid 2.5% interest compounded…

A:

Q: You initially deposit $3,000 in to a savings account for 5 years, paying 6% compounded annually.…

A: We will first establish the timelines  We deposit $3,000 for 5 years at an interest of 6%. t0 is…

Q: Suppose that you deposit $7000 in a savings account that pays 4% annual interest, with interest…

A: future value can be calculated from present value using interest rate and given period of savings in…

Q: Suppose that you deposit $10 at the end of each day into a savings account that pays 2% interest…

A: Accumulated value can be defined as the sum of investment and interest earned on investment over a…

Q: Suppose that $850,000 is invested in a savings account paying 5.25% interest per year. (Round…

A: the given information  amount = $850,000 interest rate = 5.25%

Q: A person invested two amounts in a bank for a full year at a common interest rate. The total…

A: in this question one has to find the interest of the first amount in numerical terms as well as in…

Q: 1. Consider the annuity of $ (F+2) per year for 5 years paid at the beginning of every year. If the…

A: Annunity per year is $(F+2) F = 2 Time Period is 5 years,  Payment made at the beginiong of every…

Q: A savings account balance is compounded continuously. If the interest rate is 3.1% per year and the…

A: continous compounding formula: A=p×er×t where, p=principal r=rate t=time

Q: First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City…

A: Amount deposited (PV) in the Second City Bank is $66,000 Number of years (n) of deposit is 10 years…

Q: An account pays continuously compounded interest. If the amount grows from $3000 to $4500 in eight…

A: Interest is the periodic obligation of the borrower to pay a certain sum of money towards sum…

Q: (a) To what sum will the investment grow at the time of the 10th deposit? (b) How much interest will…

A: Time value of money means the amount of money received today will be worth more than the amount of…

Q: Suppose that you start a savings account today with $ 265,000.00, from which you will make a single…

A: Since there are multiple questions As per company policy it is only possible to solve  one question.…

Q: Suppose that you deposit $750 into a bank account today. If the bank pays 8 percent APR per year,…

A:

Q: Your bank account pays a nominal interest rate of 8%, compounded quarterly. You deposit $500 in the…

A: Here, Deposit today is $500 Deposit at the end of first year is $1,000 Interest Rate is 8%…

Q: 3 A bank account pays 5 % annual interest compounded semiannually. How much money should be…

A: Following is the answer to the question

Q: 1. Simple Interest versus Compound Interest. First City Bank pays 8 percent simple interest on its…

A: Interest is an additional amount which is earn by investor by investing his money. Interest is…

Q: You have $2,000 invested in a bank account that pays a 4 percent nominal annual interest with daily…

A: Invested amount (P) = $ 2000 Annual interest rate = 4% Daily interest rate (r) = 4%/365 =…