You deposit  GHS10,000 today into an account paying 6% annual interest and leave it on deposit for exactly eight years. Required: How much will be the amount in the account at the end of eight years if interest is compounded annually?

Q: Suppose an individual makes an initial investment of $2500 in an account that earns 7.8%. compounded…

A: Given information: Initial investment is $2,500 Interest rate is 7.8% Number of periods is 12 made…

Q: Suppose an individual makes an initial investment of $2,000 in an account that earns 7.2%,…

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

Q: Suppose an individual makes an initial investment of $2,200 in an account that earns 7.8%,…

A: An individual investor made deposits initially and continues to invest on monthly basis for 12…

Q: Assume you deposit $5,400 at the end of each year into an account paying 10.5 percent interest. a.…

A: We will have to use the following formula to calculate the future value of an ordinary annuity:…

Q: Suppose you want to have $2,000,000 in 45 years. Calculate how much you need to deposit per nonth in…

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

Q: If you deposit 6,000 pesos in an account that pays 4.5 simple interest, how much will you have in…

A: As per bartleby guidelines,  "Since you have asked multiple questions, we will solve the first…

Q: You deposit $4,000 today in a bank that promises to pay an annual interest of 8%? a. What is future…

A: (1) (a.) FV =PV*(1+r)^n =4000*(1+8%)^12 =10072.68 (b.) If rate =8% with monthly compounding FV…

Q: Assume you placed RM25,000 in a savings account that pays an annual compound interest of 8% for 3…

A: Solution: With the Time value of money concept (Future value) we will be calculating amount of money…

Q: If you deposit $5,000 in a bank account that pays 6% interest annually, how much will be in your…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

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: You plan to deposit $4,000 today, $2,000 in one year and $4,000 in two years into an account earning…

A: Here, Deposit Amount  today (D0) is $4,000 Deposit Amount in One Year (D1) is $2,000 Deposit Amount…

Q: When you start your career, you decide to set aside $600 every month to deposit into an investment…

A: GIVEN, R=11% A=$600 N=25 M = 12 (MONTHLY COMPOUNDING)

Q: Suppose an individual makes an initial investment of $2800 in an account that earns 7.8%. compounded…

A: Given information: Initial investment is $2,800 Interest rate is 7.8% Number of periods is 12 made…

Q: Suppose you are depositing an amount today in an account that earns 5.25% interest, compounded…

A: The amount of deposit to be made today can be calculated using the Present Value Formula

Q: a) How much is in the account after the last deposit is made? (b) How much was deposited (c) What…

A: In order to find the following questions, one needs to use excel and apple functions like PMT, FV…

Q: Assume that twenty years from now, you will need $50,000 and that your bank compounds interest at a…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: You want to be able to withdraw $50,000 each year for 20 years. Your account earns 8% interest. a)…

A: a) Hence, the amount in the account at the beginning is $490,907.37 b) Hence, the total money pull…

Q: Suppose you receive $100 at the end of each year for the next three years. a. If the interest rate…

A: The question is based on the concept of present value and future value calculation of cash flow.…

Q: Imagine that you deposit \$6,000$6,000 a year, starting one year from today, for four years into a…

A: We need to use future value of ordinary annuity(payment due at end of period) formula to get money…

Q: If you want to have $22,431 in fifteen years, how much do you need to deposit in a bank account…

A: The deposit required to be made today can be calculated as the present value

Q: Suppose you wanted to buy a $200,000 house. You have $30,000 cash to use as the downpayment. The…

A: Given PV = amount of loan = 200000-30000 = $ 170000 r = rate of interest = 6/12 = 0.05 n = number of…

Q: If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much…

A: PV=FV/(1+i)^n (PV= present value FV= Future value i= discount rate  n= Number of period ) FV=…

Q: You are an employee that earns 20,000 per month. Assuming that you want to invest half of the amount…

A: The given problem can be solved using FV function in excel. FV function computes accumulated amount…

Q: Suppose you deposit shs 5,000,000 into an account earning 4 percent interest, compounded monthly. a)…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: Suppose that $10,000 is deposited into a saving account that earns 6% interest, compounded annually.…

A: Present Value of deposit (PV)=$10,000 Rate of interest (i)=0.06   Future Value after 5 years=…

Q: Suppose you have $8,675,309 to deposit into a savings account for one year. The bank lets you choose…

A: Here Investor has $8,675,309 to deposit for 1 year @ 12% in two options: Compounded annually…

Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: The interest amount is calculated as the future value of annuity minus the total deposits made over…

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

A: Savings accounts is referred to as an interest bearing deposit account, which used to held at the…

Q: b. You have a $20,000 note payable which is due in three years. How much money must you put into a…

A: Solution d: N = 1 PV (Future value of at the end of 3 years) = $20,000 Interest rate (I) = 3%

Q: Having trouble, please help! You would like to have $1,000,000 when you retire in 35 years. How…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: Suppose that you make 12 equal annual deposits of Php 2,000 each into a bank account paying 8%…

A: Annual deposit (P) = Php 2,000 Annual interest rate (R) = 8% Number of annual deposit (N) = 12

Q: Suppose an individual makes an initial investment of $2,000 in an account that earns 6%, compounded…

A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…

Q: how much should you deposit in a bank paying 2% compounded quarterly to accumulate an amount of…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: If you deposit $7,000 in a bank account that pays 9% interest annually, how much will be in your…

A: Future value is the expected value of annual deposit to be made at specified interest rate. Given:…

Q: Suppose you receive $190 at the end of each year for the next three years. a. If the interest rate…

A: Present Value of annuity refers to the current value of all the series of payments or income at…

Q: You would like to have ​$53,000 in 13 years. To accumulate this​ amount, you plan to deposit an…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: Suppose an individual makes an initial investment of $1400 in an account that earns 7.8%, compounded…

A: Future value of a cashflow is the present value of the cashflow compunded at future date at…

Q: . How long will it take to accumulate P5,000 to P7,000 if interest rate is 6% compounded quarterly?

A: Honor code: Since you have asked multiple questions, we will solve the first question for you. If…

Q: There is an investor stating they will pay out $84,000 at the end of 4 years. In order to invest…

A: Future value = $ 84000 Period = 4 Years Deposit amount = $ 10,000

Q: If you deposit $3,000 in a bank account that pays 12% interest annually, how much will be in your…

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

Q: !

A: Compound Interest Compound interest refers to the interest that includes interest on principal as…

Q: How much money will AJ have at the end of eight years? ii. Suppose AJ decided that they need to…

A: Formula for Future value Annuity F = P*[(1+i)n-1]/i where as; P = Yearly payment amount, i = Rate of…

Q: Many people get ready for retirement by depositing money into a monthly or annual savings plan.…

A:

Q: A chemical engineer wants to deposit an amount now such that she can withdraw an equal annual amount…

A: Cash flow diagram:

Q: Suppose I have the choice of investing $25000 in two different accounts:   Acct 1:  4.5%…

A: Future value is the value of present cashflow compounded to future date at specified rate. formula:…

Q: 1.) Mr. Roanito wants to put money in an account that pays 5% interest each year, compounded…

A: Hi! Thank you for the question, As per the Honor Code, we are allowed to answer one question in case…

Q: Suppose a bank pays you 4% interest compounded quarterly. You deposited $10,000. How much will you…

A: If interest is computed on the actual loan amount, then it is simple interest. When the interest is…