You deposit $1,000 in a bank account that pays a fixed interest rate of 5% per year and it compounds annually. What will your bank account balance be in 50 years?
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- 11. What is the value of the bank account at the end of 25 years if the initial deposit is $25,000 at a rate of interest of 7% per annum.what is the present value of a loan when a monthly payment of ₱3,250 is needed to extinguish for 3.5 years at 17.5% interest?What would be the selling price of a 10-year bond with a face value of 100000, interest at 20% which is paid quaterly if an investor desires to earn a 16% nominal interest on 100000 worth of these bonds?
- (1) If you are planning to withdraw $6000 per year for five year , with first withdrawal starts six year from now . The amount of the money that should be deposit now at an interest rate 10%will be closet to (A) 14.112 (B) 16.123 (C) 13.122 (D) 15.1236. What lump sum of money must be deposited into a bank account at the present time so that $5,000 per year can be withdrawn for 12 years, with the first withdrawal scheduled for 6 years from today? The interest rate is 8% per year. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.16. Mr John Week borrowed $ 2,400 at 1% per month payable in 24 equal end-of-the month payments. How much money of the loan remains unpaid immediately after he has paid the 12th payment?
- 03.04-PR008 You deposit $10,000 in a fund that pays compound annual interest equal to 3%. One year later the interest rate changes to 4%, 2 years later the interest rate changes to 5%, and 3 years later the interest rate changes to 6%. How much will you have in the fund after 4 years if you withdrew $2,500 at the end of each of the previous 3 years?How much money must you invest today in order to withdraw ₱ 14,766 annually for6 years if the interest rate is 2.24% if payments are done every beginning of the month?2 SOLVE AND GRAPH THE PROBLEM. What is the present worth of two P100 payments at the end of the third year and fourth year? The annual interest rate is 8%.