On the first day of the year, a woman deposits P50,000 in a bank at 10% per year, compounded annually. She withdraws P4,000 at the end of the first year, P4,500 at the end of the second year, and the remaining balance at the end of the third year. How much does she withdraw at the end of the third year?
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- On the first day of the year, a man deposits $4,000 in a bank at 8% per year, compounded annually. He withdraws $1,500 at the end of the first year and second year, and he deposit again $2,000 at the end of the third year. What is the remaining balance at the end of the fourth year?An individual deposited P35,000 and earns 3% interest compounded quarterly. After six years, how much money does she has in the bank if she does not withdraw any money and let her money grow in the bank?On the first day of the year, a man deposits ₱1,000 in a bank at 8% per year compounded annually. He withdraws ₱80 at the end of the first year, ₱90 at the end of the second year, and the remaining balance at the end of the third year. How much does he withdraw at the end of the third year?
- On June 1, Mia deposited $3,800 in an MMDA that pays 4% interest. On October 31, Mia invested $2,700 in a three-month CD that pays 6%. At the end of the year, how much interest will Mia have earned, assuming she hasn't taken anything out of the money market deposit account? Assuming she hasn't taken anything out of the money market deposit account, the amount of interest Mia will have earned is? (Round to the nearest cent)On January 1, a woman deposits $5000 in a credit union that pays 8% nominal annual interest, compounded quarterly. She wishes to withdraw all the money in five equal yearly sums, beginning December 31 of the first year. How much should she withdraw each year?Jean deposited P1,000, P1,500 and P2,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.06 per annum. Determine the future worth of the deposit? Note: Interest is already shown in decimal form. Do not round in between solution. Final answer round to the nearest WHOLE NUMBER
- On the first day of the year, a man deposits ₱1,000 in a bank at 8% per year compounded annually. He withdraws ₱80 at the end of the first year, ₱90 at the end of the second year, and the remaining balance at the end of the third year. How much better off, in terms of net cash flow, would he have been if he had not made the withdrawals at the ends of years one and twoIf Mr. X wants to retire at an age of 56 and he wants to accumulate in his bank account at that time TK 1,00,00,000 at the end of 56th year what amount should be deposited each year on a semiannual basis in the bank account to gain that money if the bank gives a rate of 8% on deposits? He is 25 year old nowJean deposited P2,000, P2,500 and P3,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.06 per annum. Determine the future worth of the deposit? Use one of the following formulas. Show complete solution.
- Dave deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.08 per annum. Determine the future worth of the deposit?John deposits $2,000 in the first year, $800 in the second year and $600 in the third year to WMW Bank with an interest rate of 12%. Sky deposits $3,800 in the third year to the same bank. At the end of the fifth year, Sky and John have the same amount of money in their accounts. What is the interest rate for Kuzey?A man deposits P500 in a credit union at the end of each year for 5 years. The creditunion pays 5% interest, compounded semiannually. At the end of 5 years, immediatelyafter the fifth deposit, how much does the man have in his account.