100,000 invested today in a fund that pays 25% interest compounded annually. 3 yrs later, you borrow 50,000 with interest of 20% annually in a bank and invest to the fund. 2 yrs later, you withdraw enough money from the fund to repay the bank loan and all interest due on it. 3 yrs from this withdraw you start taking 20,000 per year in the fund. After 5 withdrawals, you withdraw the balance in the fund. How much was withdrawn? a. 1.9 Million b. 1.3 Million c. 1.6 Million d. 1 Million

Q: Please develop a graph in which you plot EUAC (y axis) and compounded interest (x axis). Please…

A: The alternatives are provided with only the initial cost of machines which can be considered as the…

Q: If P35,000 1s invested at 8% interest compounded quarterly how many years will it take for this…

A: Quarterly investment P35,000 Interest = 8% compound quarterly FV = 40,000

Q: heska invest P60000 into an index annuity that has an average of 8.4% compounded semi annually. At…

A: Present value, PV = P60000 Interest rate = 8.4% or 4.2% half yearly Future value, FV = 1500000 n =…

Q: You want $1,000,000 in the bank when you retire in 35 years. How much should you deposit each year?…

A: We want $1,000,000 in the bank at the time of retirement. Interest rate is 10% Here we have to…

Q: You have a bank deposit now worth P5000. In how many years will it take for your deposit to be worth…

A: FV = 8,000 PV = 5,000 Interest rate = 2.5% quarterly

Q: you invest $23,000 at 8% c

A: Given: Present value = $23000 Future value = $72533.36

Q: 1. You needed $10,000 and obtained the following loan: Loan specifics: You are expected to pay 24…

A: You are expected to pay 24 equal monthly installments (SA per month) at APR 12%, compounded monthly,…

Q: 7. How much is invested at the beginning of each year to accumulate a fund of P20,000.00 at 4%…

A: We are going to use Future worth to answer this question.

Q: a. What is the effective annual interest rate if the nominal annual interest rate is 10%, compounded…

A: a.The effective Annual interest Rate can be calculated with the help of the nominal annual interest…

Q: o deposited P30,000 at the end of each year for 8 years in her savings account. If her bank paid 5%…

A: Annual deposit = 30000 Time = 8 years Interest rate = 5 % compounded annually

Q: A bank sales a pledge of savings certificate of 500,000$ to pay 10 years later. to a 4% continuous…

A: The information which has been given to us is as follows:-   Future value is $500,000 n is given to…

Q: You purchase a house for $250,000 directly from the buyer who owns the home outright. You pay a 20%…

A: Equivalent annual payment (EAP) or single payment can be calculated by using the following formula.

Q: Problem 1: Tess wanted to have P100,000 on her bank account at the end of 8 years. She plans to…

A: The idea of saving a certain amount monthly in order to save a large sum of money for the future is…

Q: June has a small house, on a small street, in a small town. If she sells the house now, she will…

A: From given information, if house is sold now, she will get $110,000 and invest in 1-year bond with…

Q: At 8% annual interest compounded quarterly, how long will it take to become a millionaire if you…

A: Interest refers to the amount paid in excess of the principal amount by the borrower to the lender.…

Q: Use the compound interest formulas A=P [1+r/n] and A=Pe^rt to solve the problem given. Round answers…

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…

Q: John-The-Smart-Investor plans to make uniform deposits every three months into a high yield savings…

A: YTM = 8% = 0.08 Coupon rate = 10% = 0.10 time to maturity of bond, n = 3 years coupon value, C =…

Q: Compute the effective annual interest rate in each of the following situations. Solve, a. 5.75%…

A: The effective rate of interest is the return on a savings account or an investment, whose interest…

Q: hat is the value at the end of 4.25 years of $100,000.00 applied at 4% compound interest per month?

A: The interest charged on a borrowing or deposit is known as compound interest. This is the most often…

Q: A businessman needs to have P200,000 in eight years. How much(P) must he put into his 18% savings…

A: Compound interest formula: FV = P (1 + r / m)nm Where FV is the future value P is the principal…

Q: Lee wills loaned Audrey $17300 to open her shop after 5 years Audrey will pay back Lee with 16%…

A: The formula for compound interest will be: A=P1+R4004t Where A is the amount received after 4 years…

Q: man borrowed an amount of P150,600 to bank that offers an interest rate of 5.36% compounded…

A: *Answer:   According to the question,  Principal = P150,600 Interest Rate = 5.36% = 0.0536 Time…

Q: How much must be invested now at 6% simple interest to accumulate $1,000 at the end of 5 years?…

A: Information extracted in the question: Simple interest = 6% Future value = $1000 Time = 5 years

Q: Suppose you were given a one time gift of $10,000 to put into a savings account. The account earns…

A: Compound interest is the rate of interest that is used to calculate the value added to a loan or a…

Q: %, compounded bimonthly. What future amount is due at the end o an period? Draw a cashflow diagram…

A: Future worth is the worth of a resource at a particular date. It estimates the ostensible future…

Q: Jon’s grandfather was planning to give him $11,000 in 14 years.  Jon has convinced him to pay him…

A: Continuous compounding is the concept where the Compound-Interest for a principal is compounded to…

Q: MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A small business owner contributes $4,000 at the end of…

A: * SOLUTION :-  AS Per guidelines I answered one   question only.

Q: If marry put $100,000 into an account that pays 4.5% annual interest, and she plan to withdraw…

A: here we calculate the time when account of Marry will empty by calculating the future value so the…

Q: Michelle Hunter received $250,000 from an insurance company after her hus- band's death. Michelle…

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: Erwin expects to receive 20,000 dollars in 10 years. If interest is computed at 6% compounded…

A: Given: Amount (A)=$20000 Interest rate (r)=6% compounded continuously Number of years (t)=10

Q: Anika wants to invest $200 a month at 4.25%/a compounded monthly for 10 years. a) b) What will be…

A: Regular payments given at the conclusion of each term, such as monthly or quarterly, make up a…

Q: SITUATION 8 A man borrowed an amount of P150,600 to bank that offers an interest rate of 5.36%…

A: Answer 1. According to the question,  Principal = P150,600 Interest Rate = 5.36% = 0.0536 Time…

Q: Given the cash flow below: Revenue,S 2,500 2,500 2,500 2,500 year 1 3 4 Calculate the present value…

A: Cash flow is the movement of money in and out of a company. Cash received signifies inflows, and…

Q: ohn paid $500 per month for 20 years to pay off a mortgage on his house. If his down payment was…

A: Future value and present value are the economic terms that are used to determine the future or…

Q: Sally purchases a perpetuity immediate with annual payments that pays $4000 toda and Payments…

A: Specifics of annual payment - Increases by 5% annually  Paid for 6 years    Let the payment in first…

Q: How much will you have in an account after 25 years if you put $2000 per month in the account earns…

A: Future value of ordinary annuity is  Here, P = Monthly amount Invested n = Total number od monthsfor…

Q: Accumulate $ 300 for nine years at 6% compounded quarterly. What is the compound interest earned?

A: Given information: Principal amount (P): $300 Interest rate (r): 6% Time period (t): 9 Compounding…

Q: ompute the effective annual interest rate which is equivalent to 5% nominal annual interest…

A: A nominal interest rate and an effective yearly interest rate may be advertised on a savings account…

Q: Compute the effective annual interest rate in each of these situations: a. 9% nominal interest,…

A: The effective annual interest rate is the real return on a savings account or any interest-paying…

Q: In a new, highly automated factory, labor costs are expected to decrease at an annual compound rate…

A: Labor market: The market additionally referred to as the task market, refers to the availability of…

Q: f you have only $750 on January 1, 2019, what interest rate, compounded annually for 3 years, must…

A: Given: The amount of initial investment is = $750 Years = 3 The maturity amount is = $1,000 To Find:…

Q: Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example…

A: The future value(FV) of $12000  that is deposited in annuity account at time 0 and if this amount…

Q: Leo has $7 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent,…

A: Compound Interest formula= Final Amount−Initial amount Final amount formula:-…

Q: How much do eight ₱ 69,058 quarterly payments amount at present, if the interest rate is 3…

A: Eight equal payment of 69058 quarterly for 8quarters. This is case of annuity where constant amount…

Q: How long will it take money to double if it earns 4 percent per annum compounded annually?

A: Let the principal amount be x and the time period n which it doubles be n years. Given that at an…

Q: 3) In 12 years from now, you want your investment to be able to be worth $200,000. To the nearest…

A: here we calculate the present worth by using the given information so the calculation of the…

Q: Faisal deposits $3,854 in a fund paying 3% annual compound interest; after 4 years the fund…

A: Initial deposit P =$3854 For the first 4 years, the interest rate is 3%  For the next two years, the…

Q: Some time ago, you put £500 into a bank account for a "rainy day." Since then, the bank has been…

A: The interest signifies the interest earned on an initial amount of deposits in a bank or other any…