Q: Juan deposits $5,000 into a savings account that pays 7.2% per year, continuously compounded. What…
A: The real interest that an investor earns on the investment and a borrower pays on loan after…
Q: Roland just put RM1,000 in the fixed deposit and intend to leave it there for 10 years. If the bank…
A: Formula Future value = PV*(1+(i/c))n*c Where PV = Present value i.e. RM1,000 i = Interest rate i.e.…
Q: A young man saved his money every quarter for 5 years into his bank account. He deposits P2.000 per…
A: Quarterly deposit first 2 years = P 2000 Quarterly deposit next 3 years = P 4000 Annual interest…
Q: Ar. Rosales deposits P75,000 at the end of each month in a bank which pays 9% compounded month ho…
A: Honor code: Since you have asked multiple questions, we will solve the first question for you. If…
Q: Mr. Santos will deposit P10, 000 at the ABC bank at the end of each quarter for 2 years. If the bank…
A: Future value of an annuity can be computed by compounding each amount by using an appropriate…
Q: Hanna invests $8400 for 8 years and 10 months. The account earns 5% semiannually. What is n for the…
A: Basic Details: Investment = $8400 Time = 8 Years and 10 Months Interest = 5% semi Annually
Q: 1. Jeremy makes six consecutive annual deposits of P2,000 each to a savings account that pays a…
A: Annual Deposit = 2000 Discount Rate = 10% Semi Annual Compounding N = Number of deposits = 6
Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…
A: In the given question, compounding is done on monthly basis. Therefore, effective monthly rate will…
Q: Edison wants to have Php900,000 in 4 years. He makes semi-annual deposits in a savings account…
A: Here, Desired Amount (FV) is Php 900,000 Time Period (n) is 4 years Interest Rate (r) is 8%…
Q: Evaristo would like to invest N$ 12 500 a month at the beginning of each month at an interest rate…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Daryl Yap invested the amount of Php100,000 in a bank that offers 15 % per annum simple interest.…
A:
Q: Hanna invests $8400 for 8 years and 10 months. The account earns 5% semiannually. a) What is n for…
A: Basic Details: 1. Investment = $8400 2. Time = 8 years and 10 Months 3. Interest rate = 5 %…
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: Julie deposits $600 at the end of each month into her savings account. If the amount earns 5.25%…
A: In finance, the term annuity depicts a sequence of cash flows over a specific time duration. Each…
Q: Kim Baker invested $250 at the end of every 3-month period, for 5 years, at 8% interest compounded…
A: If money has been deposited in an account at the beginning of every period for a specified duration…
Q: Meghan invested his savings in a bank at 3.75% compounded quarterly. How much money did he invest to…
A: To calculate investment value required after 8 years, present value of annuity due formula will be…
Q: Zach depsoits a $38,000 one-time lump sum in an account with an APR of 7% that is compounded…
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: If Jackson deposits $120 at the end of each month in a savings account earning interest at a rate of…
A: Saving Account is a type of financial service offered to general public by banks with limited…
Q: Whitney deposited $200,000 into a savings account that has an annual interest rate of 8% compunded…
A: Interest is an extra amount which is received or paid on deposited or borrowed amount for the…
Q: Eric invested his savings in a bank at 3.75% compounded monthly. How much money did he invest to…
A: The value of current payment or upcoming flow of payments at any future date when flow of payment…
Q: Roland just put RM1,000 in the fixed deposit and intend to leave it there for 10 years. If the bank…
A: Investment amount = RM 1,000 Annual interest rate = 16% Semi annual interest rate = 16%/2 = 8%…
Q: Christopher wants to have 50,000 pesos in 4 years by saving equal regular payments. He can make a…
A: Present value is the sum of the current value of money of future cash flows. It is also known as a…
Q: If ₱17,000 is deposited at the end of each year for 16 years in a bank that give 7% interest per…
A: Future Value: The future value is the amount that will be received at the end of a certain period.…
Q: Marwan just deposited $13,000 into his account at Bank Muscat. The bank will pay 2.3 percent…
A: Deposit amount (P) = $ 13000 Annual interest rate (R) = 2.3% Period (N) = 15 Years
Q: Steve invests $1,800 in an account that earns 3.7% annual interest, compounded continuously. What is…
A: Present Value = $1,800 Interest rate = 3.7% Time Period = 10 Years
Q: Peter is saving $5,000 monthly deposit into an account that pays 7% compounded monthly. What would…
A: Monthly deposit (P) = $ 5000 Interest rate = 7% Monthly interest rate (r) = 7%/12 =…
Q: Adriana Grandioso has made beginning-of-year deposits into an investment account for the past 21…
A: FV is the future worth of cash flows that have occurred in the past or present.
Q: You invest $4,000 in an account that pays a fixed annual rate of 6% interest compounded yearly. How…
A: In the present question we require to calculate the future value after 7 years from the following…
Q: Mrs. Carter deposits P 100 in the bank at the end of each month. If the bank pays 6 % per year…
A: Monthly deposit (P) = P100 Interest rate = 6% e = 2.7182818284590452353602874713527 Monthly interest…
Q: If Jackson deposits $120 at the end of each month in a savings account earning interest at a rate of…
A: To solve this question we have to use the formula of Future Value of ordinary annuity. The formula…
Q: John contributes $5,000 per month into an account. How much will he have in the account after 25…
A: In the given question we require to calculate the future value of account after 25 years is john…
Q: A. Zoey deposits $500.00 every quarter into an account earning 5% interest compounded quarterly. How…
A: The time value of money is the concept widely used to determine the correct worth of the sum to be…
Q: Karen wants to have $22,559 in her investment account in 5 years. If her bank offers an annual…
A: Following details are given in the question : Future value = $22559 Time period = 5 years Interest…
Q: Jun has decided to save money roughly P25 per week. Suppose he makes weekly deposits of this money…
A: Compounding is also termed as an interest on interest which means that a company calculates interest…
Q: nd invests P20,000 for 40 years in an account earning 9% interest per year. How much will she…
A: Future value = Present value (1 + rate)^periods Future value = 20,000 (1 + 0.09)^40 Future value =…
Q: Suzana would like to accumulate RM5,000 in 3 years in a saving account which pays 6% annual interest…
A: A. Monthly deposit at the end of the month P= PMT * ((1+r)^n-1)/r P= future value of annuity PMT=…
Q: a.) What is the monthly rate? b.) How many total deposits?
A: Information Provided: Amount = $750,000 Term = 4 years Interest rate = 15% compounded monthly
Q: Keira wants to invest $4,300 in an account with an interest rate of 7.2% that is compounded MONTHLY.…
A: Information provided: Term = 9 years Interest rate = 7.2% compounded monthly Principal = $4300…
Q: Sidney makes 10 annual deposits of 5,500 each into an investment account. The interest rate is 6%…
A: Investments are the ways through which money is saved in various financial instruments and accounts…
Q: Gary has decided to save RM150 a month for 4 years. How much will be the balance in the account if…
A: In compound interest money grow with time as there is interest on the interest.
Q: Erica deposits $1,400 at the end of every 3 months in an RRSP that is earning 6.90% compounded…
A: Using excel NPER Function
Q: Sam invests $ 3500 into an account earning 9% interest compounded quarterly. How long will it take…
A: We need to use NPER formula in excel to solve this problem.
Q: ABC bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at…
A: Periodic Payment = P 3,000 per month Interest Rate = 2% compounded Quarterly Time period = 5 Years
Q: Juan has a goal of saving up $56,397 by making biweekly (26 per year) deposits into a savings…
A: GIVEN, FV = $56,397 M=26 PER YEAR N=9 R=0.6%
Q: At the end of each quarter, a life insurance client deposits Ph 6,366 for 5 years. If money is worth…
A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…
Q: Alexander invests $5,000 at an interest rate of 1.4% per quarter. How much is the investment worth…
A: Future value is the value of the current assets or some amount that is invested today and amount…
Q: How much Alex must deposit annually if he wants to have $800,000 in 25 years by making equal annual…
A: Annual payments refers to the periodic payment which can be used for a variety of purposes like for…
Caitlyn has 50,000 in a bank which he invests at 8% compounded semi-annually. What semi-annual withdrawal must be made for 3 years?
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- Mary deposits her P500, 000 in a saving bank that gives nominal interest if 9.4% compounded semi-annually. How much money will Mary has after 7 ½%?d) Sean rents out his three bedrooms flat for R5 000 per month, payable in advance. All his rental proceeds are deposited into a bank account that earns interest at a rate of 11% per annum compounded monthly. If no withdrawals are made from the bank account, what will be Sean's balance on this bank account 8 years from nowMaria wants to have ₱750,000.00 at the end of 4 years for hergraduation expenses. She plans to deposit a certain amount at the end of each month to achieve this. Her bank pays 15% compounded monthly.a.) What is the monthly rate?b.) How many total deposits?
- Suzana would like to accumulate RM5,000 in 3 years in a saving account which pays 6% annual interest compounded monthly. How much should she saves every month if she makes her deposit: (a) At the end of each month. (b) At the beginning of each month. (c) At the end of each month, with the last payment to be made 6 months before 3 years. 5.Mary deposits her P500,000 in a saving bank that gives nominal interest if P9.4% compounded semi-annually. How much money will Mary has after 7 ½ years?If Jackson deposits $120 at the end of each month in a savings account earning interest at a rate of 6%/year compounded monthly, how much will he have on deposit in his savings account at the end of 5 yr, assuming he makes no withdrawals during that period? (Round your answer to the nearest cent.) $ Need Help? Master It
- John deposits $1500 into a savings account earning simple interest at 2.19%annually. How much will he have in the account after 30 months?How much Alex must deposit annually if he wants to have $800,000 in 25 years by making equal annual end-of-the-year deposits into an account paying 6% interest annually.Laura wants to accumulate P150,000 in her bank account by depositing P1000 at the beginning of each month. If interest on the account is 10% compounded semi-annually, for how long does Laura have to deposit the money?a.)7.5 Yearsb.)9.8 Yearsc.)6.6 Yearsd.)8.2 Years
- Mr. Ghani wants to deposit his savings of Rs. 50,000 in a bank which offers 8% interest (compounded semi-annually) to withdraw Rs. 2,500 at the end of each six months from the date of deposit. How many withdrawals will he be able to make before the entire amount is exhausted?A mother deposits P15,500 each quarter in a savings bank paying 12.5% compounded quarterly. If she desires to accumulate P175,000, a). how many full deposits must she make? b). How much will the final deposit be (if any) if it is made 3 months after the last full deposit of P15,500? c). How much will the final deposit be if it is made on the last deposit date?Jane wants to borrow $100,000 from the bank for up to 3 years at an APR of 8.5% with interest compounded monthly.If Jane borrows$100,000 for 1 year, how much interest will she have paid and what is the bank’s APY?