Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following years up to 4 years. Find the equivalent future worth of the deposits if it earns on an account @ 10% compounded annually.
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Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following
years up to 4 years. Find the equivalent future worth of the deposits if it earns on an account @ 10%
compounded annually.
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Solved in 3 steps
- Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next followingyears up to 4 years. Find the equivalent present worth of these deposits if it earns on an account @10% compounded annually.Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next followingyears up to 4 years. Find the equivalent single deposit if it earns on an account @ 10% compoundedannually.Calculate the future sum of $1,000, given that it will be held in the bank for 5 years earning an APR of 10 percent compounded semiannually.
- Assume that 1500 Php is deposited in an account in which interest is compounded annually at a rate of 6% for 5 years. How many times is compunding done in a year. What is the initial or rincipal amount. then what is the rate of interest?Calculate the future sum of $1,200, given that it will be held in the bank for 5 years and earn 14% compounded semiannually.An amount of 1200 per year is to be paid into an account each for the next five years. Using an interest rate of 12 % determine the total amount the account will have at the end of 5th year. Deposit made at the end of each year with interest compounded monthly.
- What is the amount after ten years of a Php18000 deposit if it earns 8% compounded quarterly for the first five years and 12% compounded monthly for the next five years?If you deposit Php6500 into an account paying 8% annual interest compounded monthly, how much money will be in the account after 7 years?$360,000 is invested in a perpetuity at an interest rate of 5.2% per annum. a. Find the monthly payment that the perpetuity provides. b. After six years of monthly payments, how much money remains invested in the perpetuity?
- Mr Dela Cruz deposited ₱18,980.00 from the project you’ve earned in a time deposit account with your savings bank at a rate of 1.25 per annum. This will mature in mature in two years. Compute for the interest and the total amount to be collected.you deposited ₱5,000 from the savings of your daily allowance in a time deposit account with your savings bank at a rate of 1.5% per annum. This will mature in 6 months.If ₱17,000 is deposited at the end of each year for 16 years in a bank that give 7% interest per year, how much can a person withdraw annually from the fund for 8 years starting 1 year afther the least deposit is made?