The amount of interest earned in 11 years on Php 1,000,000 deposited in an account paying 8% interest, compounded monthly is Php 1,403,869.28. a. True b. False
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The amount of interest earned in 11 years on Php 1,000,000 deposited in an account paying 8% interest, compounded monthly is Php 1,403,869.28.
a. True
b. False
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- PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASProblem 5:An account executive at Santander branch CETYS, receives a deposit from an important client-student, surnamed Cuevas Ronchas for $30,000.00; in an account that generates 6% interest, capitalizable monthly. After two years, he decides to make new deposits at the end of each year, so that after three years from this decision, he has $200,000.00 at the time of the last deposit. Find the amount of annual deposits he has to make for the last 3 years. The solution involves calculating a future value and then a present value. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel. Please, not in written form, please do it in excel Please, not in written form, please do it in excel Please, not in written…PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASProblem 5:An account executive at Santander branch CETYS, receives a deposit from an important client-student, surnamed Cuevas Ronchas for $30,000.00; in an account that generates 6% interest, capitalizable monthly. After two years, he decides to make new deposits at the end of each year, so that after three years from this decision, he has $200,000.00 at the time of the last deposit. Find the amount of annual deposits he has to make for the last 3 years. The solution involves calculating a future value and then a present value. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.Solve the following problem. Use Excel, financial calculator, or PV and FV Tables. Show your work with the formulas and figures inserted in them. Hamad is saving to establish a small business. He deposits a fixed amount of money every month in a bank account that pays a nominal interest rate of 12 percent. If this account pays interest every month, then how much he should save at the end of every month to have AED 50,000 in his account after 5 years.
- Determine the value of n and t in each problem below. In the coming three years, you will need Php 200,000. What amount will you deposit in a bank at present to have such amount if the bank pays 7% compounded annually? You deposit Php 20,000 in an account earning 4.5% interest, compounded annually. How much is in the account after 9 months?PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS3.- Andres Rosas wants to know how much he must deposit today, so that in 5 years he will have the amount (FV) of 88,180.00, which he needs to pay for a trip, a) if the account pays 6.125% interest compoundable semiannually; b) if the account pays 7.65% compoundable monthly. The formula must be cleared to find the initial value (PV). Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel. TO CONSIDER THE YEAR AS 360 DAYS (WHICH IS COMMERCIAL) (only if required)There is an investor stating they will pay out $84,000 at the end of 4 years. In order to invest into the opportunity, you'll need to make a deposit of $10,000 to thier indicated bank account. What is the average annaul return rate. Use excel functions to indicate your steps.
- Answer the questions below and show all working from a financial calculator. Do not use excel: 1. Investment promises to pay into an account that pays you 6 percent annually, $150 per month for the next twenty-two years. Suppose the first deposit into the account is made one month from today what is the value of the amount which will be in the account at the end ofthirty years? Rounded to 2 decimal places.You plan to save Php3,500 per year, beginning immediately. You will make 4 deposits in an account that pays 5.7% interest. Under these assumptions, how much will you have 4 years from today? SHOW MANUAL SOLVINGYou plan to save Php7,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5.2% interest. Under these assumptions, how much will you have 3 years from today?SHOW MANUAL SOLVING
- 1. Glen received a $2,250 loan from the bank. After six months, he paid back an additional of $145 to the principal amount and closed the loan. Find the rate of interest. (answer must be in decimal form round to the nearest hundredths)2. You would like to have an accumulated amount of Php 60,000 in a savings account that pays you an interest of 4.25% compounded monthly for 90 months. how much would you have to invest today?A Start up data analytics company needs P500,000 for its operations. One bank is willing to lend it money for one year at 12.5% interest per annum (discounted). Another lender is charging 14% with principal and interest payable at the end of the year. A third financier will lend it the amount payable in 12 equal monthly installments of Php 46,00 each. Which offer is best for the business?Answer the questions below and show all working from a financial calculator. Do not use excel: 1. Investment promises to pay into an account that pays you 6 percent annually, $150 per month for the next twenty-two years. Suppose the first deposit into the account is made one month from today what is the value of the amount which will be in the account at the end ofthirty years? Rounded to 2 decimal places. 2. What will be the present value, if $5,400 is discounted back 4 years at an interest rate of 3% compounded semi-annually?