your mother savings may allow you to withdraw 50000 pesos semi annually for five years starting at the end of 5 years how much is your mother savings if the interest rate is 8% converted semi-annually

Q: You put $1, 000 into a savings account today that offers a 5% APR with semi-annual compounding…

A: Interest rate is the rate that is charged on the money (Principal) lent by the lender to the…

Q: How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: Given that;Payment amount is $1000 Interest rate is 3.2%, as it is compounded quarterly, the rate we…

Q: what is the largest down payment you can make at the end of three years (immediately after the last…

A: Value at the end of saving period comprises of monthly saving and interest on those savings.…

Q: b._ You want to have GH¢ 50,000 in your savings account five years from now, and you’re prepared to…

A: Future value of annuity = P * ([1 + I]N - 1 )/I where P is the payment amount. I is equal to the…

Q: If you borrow $2800 and agree to repay the loan in 5 equal annual payments at an interest rate of…

A: Using excel PMT function to calculate the yearly payment

Q: Suppose your bank pays 10% interest, compounded semiannually. Find out how much should be deposited…

A: Present value is the amount a person is willing to pay now, in order to get an amount for a…

Q: Suppose you currently have $20,000 and plan to purchase a 8-year certificate of deposit (CD) that…

A: Using the Future value and NPER function in excel

Q: you want to be able to withdraw $30000 each year for 25 years. your account earns 8% interest. How…

A: Given, Amount able to withdraw = $30,000 each year Time period = 25 years Interest rate = 8%

Q: Mr. Ramos savings allow her to withdraw 50,000 semi-annually for 11 years starting at the end of 5…

A: Solution Concept This is the problem related to time value of money Present value is calculated by…

Q: Assume you deposit $5,200 at the end of each year into an account paying 10 percent interest. a.…

A: deposit made at the end of each year = $5200                        interest rate annum     = 10%…

Q: You would like to have $15,000 in 4 years for a down payment on a home. How much would you need to…

A: Future value or amount required for down payment = FV = $15,000 Semiannual period of annuity = t = 8…

Q: what is the present value of this stipen

A: Present Value:  The present value is the present sum of a series of fixed payments. The series of…

Q: You need to have $25000 for a down payment on a house in 5 years. If you can earn an annual interest…

A: Concept is of present value. Present value is the current value of a future cash flow at a specified…

Q: You deposit $2000 each year into an account earning 3% interest compounded annually. How much will…

A: A deposit annually  is rewarded by an interest  annually that make a huge amount at the end of…

Q: If you borrow $9,000 and agree to repay the loan in six equal annual payments al an interest rate of…

A: Present worth is the value of the amount in current time which is expected to be paid or received in…

Q: much will you be able to withdraw weekly

A: Weekly withdrawal refers to the amount that is cashed in at regular intervals until the deposited…

Q: When you retire 40 years from now you plan to make 10 withdrawals from your savings account. You…

A: Annuity refers to series of equalized payments that are received or paid either at start or end of…

Q: You have taken out a loan that requires you to repay $200 per month for 10 years at 12% annual…

A: Given:

Q: You want to save the down payment required to purchase a vacation home at the end of four years. If…

A: FUTURE VALUE OF ANNUITY  (FVA) FORMULA: FVA=A×1+rn-1r where, r=rate of interest n = number of years…

Q: Assume you make a single deposit of $1000 into a savings account that pays interest at 0.5% per…

A: Monthly compound interest relates to the compounding of interest on a monthly basis, which indicates…

Q: You can afford to pay $15,000 at the end of each of the next 30 years to repay a home loan. If the…

A: Present value of annuity is the current worth of future annual cash flows over a period of time at a…

Q: How much do you have to deposit today so that beginning 11 years from now you can withdraw 10,000 a…

A: Amount deposit today is calculated by adding the present value of all the cash flows.

Q: You deposit $5000 each year into an account earning 6.8% interest. How much will you have in the…

A: Given: Yearly deposit = $5000 Interest = 6.8% annually Time =15 years

Q: Mr. Ramos savings allow her to withdraw 50,000 semi-annually for 8 years starting at the end of 3…

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

Q: You deposit $1000 each year into an account earning 4% interest compounded annually. How much will…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Mr. Ramos savings allow her to withdraw 50,000 semi-annually for 8 years starting at the end of 5…

A: Deferred means something which starts gets delayed or start after some time period in future.…

Q: interest

A: Formula to calculate the annual deposit A(F/A, i, n)(F/P, i, n)

Q: You deposit $3000 each year into an account earning 5% interest compounded annually. How much will…

A: Annuity payments: It refers to the fixed payment made in series or equal time intervals. Example:…

Q: ow $ 150,000 for a house with 10% down payment at 8% compound annual interest rate for 30 years,…

A: The given problem can be solved using PMT function in excel. PMT function computes installment…

Q: You deposit $3000 each year into an account earning 8% interest compounded annually. How much will…

A: Future value of annuity is used to calculate the value of streams of cash flows in future at a given…

Q: You put \$1,000$1,000 into a savings account today that offers a 5\%5% APR with semi-annual…

A: Banks usually offer loans to customers, and they also accept deposits from the customers. The…

Q: Mr. Ramos savings allow her to withdraw 50,000 semi-annually for 7 years starting at the end of 4…

A: The value of the savings is the present value of the future withdrawals. This is derived by…

Q: Your mother's savings may allow you to withdraw 50 000.00 Php semi-annually for 5 years starting at…

A: The present value is the present worth of the amount that will be paid or received in the future.

Q: You are paid £4,000 annually for 6 years, with the first payment due in one year and the last…

A: Annual payment (P) = £4,000  Number of annual payments (n) = 6 Interest rate (r) = 2%

Q: Kim's savings may allow her to withdraw P50,000.00 semi annually for 5 years starting at the end of…

A: An annuity is a financial term that depicts a series of cash flow occurring at an equal time…

Q: If you deposit $5,000 4 years from today, how much will you be able to withdraw 10 years from today…

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

Q: You invest $150 each month in a savings plan for a period of 30 years. If you earn an interest rate…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: How much do you have to deposit today so that beginning 14 years  from now you can withdraw 15,000 a…

A: An annuity due is a sequence of periodic cash flows starting at the beginning of the first period.…

Q: You have decided to open a savings account and put $9000 in your local bank at an interest rate of…

A: Given: Present value = $9,000 Interest rate = 0.6% Years = 8

Q: How much will be at the said account three years after the ast deposit? If you make six consecutive…

A: In cases where the interest is compounded semi-annually, the compounding period is considered to be…

Q: Suppose that you are about to borrow $10,000 from a bank. Suppose you will be repaying using…

A: Bank charges interest rate when you borrow money and these are to be paid equal annual payment or…

Q: Suppose that you would like to have $25,000 to use as a down payment for a home in five years by…

A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…

Q: you need to have $33,750 in 5 years. you can earn an annual interest rate of 6 percent for the first…

A: Present value = Future value / (1+r)^n

Q: what will be your monthly​ payment?

A: Sum of money borrowed if not paid immediately, then over a period of time as per agreement is…

Q: If you save $25 per week by bringing your lunch to school for 4 years, 12 months per year, and you…

A: There are two types of annuity that we could calculate: Ordinary annuity and Annuity due. The…

Q: You

A: An annuity refers to a series of payments made at regular interval of time.

Q: If you need 6,000 5 years from now, how much of a deposit must you make in your savings account…

A: Future value (FV) = 6000 Number of annual payments (n) = 5 Annual interest rate (r) = 8%