Q: If you deposit OMR 8141 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Given information: Deposit (Present value) : OMR 8141 Rate of interest : 8% Time Period : 5 years…
Q: You would like to have an accumulated amount of Php 60,000 in a savings account that pays you an…
A: As per the time value of money concept, the present value of an amount is more worth than the…
Q: If you deposited $5000 in a bank that offers 12% annual interest rate, if the bank compounds the…
A: Deposit=5000Annual interest rate=12%Number of years=5years
Q: You have $100 and a bank is offering 5.0% interest on deposits. If you deposit the money in the…
A: Future value is the value of current asset or investment at a future date. Future value is…
Q: Suppose that a person deposits $2500 in a savings account at the end of each year for the next 15…
A: Here, Annual Deposits is $2,500 Interest Rate is 8% Compounding Period is Daily i.e. 365 Payment…
Q: If you deposit OMR 8415 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Future value is the value of current asset or investment at a future date. Future value is…
Q: Suppose you want to have $2,000,000 in 45 years. Calculate how much you need to deposit per nonth in…
A: The present value is the value of the sum received at time 0. It is the current value of the sum…
Q: If you deposit $9,000 in a bank account that pays 10% interest annually, how much will be in your…
A: Calculate the future value as follows: Future value = Amount * (1+ rate)^ years
Q: If you deposit $10 000 in a bank account that pays 10 interest annually, how much will be in your…
A: Present Value is a current value of a future amount that is receivable or payable. While, Future…
Q: Each day, you deposit $4.79 into a bank account whose annual rate is 1.6% with daily compounding.…
A: Daily deposit (P) = $4.79 Interest rate = 1.6% Daily interest rate (r) = 1.60%/365 =…
Q: You deposited $1000 in the bank today. What will be in your account in 25 years assuming an…
A: Given Information: Present Value (PV) = $1000 number of period (n) = 25years. Interest Rate = 6%
Q: You deposit $3,000 in a bank account that pays 12% interest annually. How much will be in your…
A:
Q: If you deposit in a bank $200 today, $250 a year from now, $150 in the second year and $300 in the…
A: Future value is the expected value of current sum in a future date at given interest rate.
Q: If you deposit $5,000 in a bank account that pays 6% interest annually, how much will be in your…
A: We need to use the concept of time value of money to solve the question. According to the concept of…
Q: 1. If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in…
A: Dear Student, as per Bartleby answering guidelines we can answer only the first one if the student…
Q: If you deposit $2,000 in a bank account that pays 6% interest annually, how much will be in your…
A: Solution- Given-The present value of deposit is=$2,000The rate of interest is=6%Time is…
Q: If you deposit $8,000 in a bank account that pays 4% interest annually, how much will be in your…
A: Deposit=$8000Interest rate=4%Number of years=5
Q: Suppose you currently have $4,800 in your savings account, and your bank pays interest at a rate of…
A: Present value is the sum of money that must be invested to achieve a specific future goal. Future…
Q: How much would your investment be worth if you deposited $5,555.55 into a bank that paid compound…
A: Now, Principal amount invested $ 5555.55 for 10 years at 4% compund interest.Therefore, the formula…
Q: How much do you have to invest today in a savings account that returns 6.5% interest, compunded…
A: Amount after 10 years = $25,300 Amount Invested =Let P Years =10 Interest Rate(r) =6.5% compounded…
Q: You want to accumulate $500,000 in a savings account in20 years. If the bank pays 6% compounded…
A: Future value: It can be defined as the value of an investment or any asset at a specified future…
Q: You think you will be able to deposit $4,000 at the end of each of the next three years in a bank…
A: Annuity An annuity is the series of payments which is received or paid for a certain period of…
Q: If you are planning a trip to other place after 3 years. And, if you intend to deposit savings of…
A: According to the time value principle, a sum of money may have different purchasing powers in…
Q: If you deposit $10,000 in a bank account that pays 10 percent interest annually, how much would be…
A: Future value of a lumpsum deposited today can be calculated using the future value…
Q: You deposit $5,000 in a savings account that earns 6% simple interest per year.How many years will…
A: We can use excel spreadsheet to solve this problem.
Q: You deposit k1000 in your bank account if the bank pays 4% simple interest,How much will you…
A: The future value is the amount that will be received at the end of a certain period. In simple…
Q: You think you will be able to deposit $4,000 at the end of each of the next three years in a bank…
A: The future value function or concept can be used to determine the future value of a present sum or…
Q: You are considering investing $8,500 in a bank term deposit for 5 years. The term deposit will pay…
A: Time value of money Time value of money is a concept according to which money today is worth more…
Q: You intend to accumulate RM5,713 in a bank savings account,4 years from now. How much savings must…
A: Future value = RM 5713 Period = 4 Years Annual interest rate = 10%
Q: If an investor intends to double $35,000 by investing in a bank that pays 6% interest per year,…
A: Present value = $ 35000 Future value = 35000*2 = $ 70,000 Annual interest rate = 6%
Q: How much must you deposit in the bank today if you want to have $1,500 after 4 years? Interest rate…
A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…
Q: If you deposit $13,.224 annually at the end of every year in a bank account paying 8% annually. how…
A: Annual deposit (D) = $13,224 Period (n) = 5 Years Interest rate (i) = 8% (or 0.08) Amount saved at…
Q: How much do you need to deposit into a bank in order to receive proceeds of $200,000 in 5 years if…
A: The equation is, PV=FV÷1+in Where, Present value is represented by PV Future value is represented by…
Q: If you deposit 10000 in a bank account that pays 10% interest annually, how much will be in your…
A: The amount in the account after 5 years is future value of the deposited amount. Future value can be…
Q: How much would be in your savings account in 12 years if you deposited $1,500 today? Assume the bank…
A: Given details are : Present value = $1500 Time period = 12 years Interest rate = 5% We need to…
Q: Suppose your savings account pays 6% interest compounded monthly. If you deposit $18,000 forfour…
A: Time value of money (TVM) means that the money received today will be worth more than the money…
Q: If you deposit $300 now into a savings account and increase your deposits by 10% each month. How…
A: The future value is the amount that will be received at the end of a certain period. In simple…
Q: You deposit $200 each month into an account earning 5% interest compounded monthly. How much will…
A: Future worth of the amount is referred as the worth of the currently deposited amount at some future…
Q: If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your…
A: In the given question we require to compute the future value from following details: Present value =…
Q: If you deposit $3,000 in a bank account that pays 12% interest annually, how much will be in your…
A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…
Q: How much money will you accumulate by the end of year 10 if you deposit $3,000 each for the next ten…
A: Annuity payment (PMT)= $3,000 Time period (n)= 10 years Rate of interest (i)= 5% per year Future…
Q: You have decided to put $130 in a savings account at the end of each month. The savings account…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: How much would be in your savings account in 7 years after depositing $100 today if the bank pays 5…
A: Using excel FV function
Q: The bank balance will be $
A: Time value of money (TVM) means that the amount of money received in the present times will have…
Q: I want to accumulate %500,000 in a savings account in 20 years. If the bank pays 6% compounded…
A: For above question, we have to calculate principle amount or present value of amount to be invested…
Q: You deposit $1000 each year into an account earning 8% compound annually. A) How much will you have…
A: ordinary annuity-in which payment is end of each period. annuity due :-payment is made at beginning…
You decide to deposit $5000 in a bank account paying 3.5% interest. What is the value of your savings in one year?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.
- Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.Calculating interest earned and future value of savings account. If you put 6,000 in a savings account that pays interest at the rate of 3 percent, compounded annually, how much will you have in five years? (Hint: Use the future value formula.) How much interest will you earn during the five years? If you put 6,000 each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after five years?
- Suppose you put $200 into a bank account at the annual interest rate of 7%. *Round your answer to the nearest dollar. How much money will this deposit be worth in one year?If you deposit OMR 12500 in your account in a bank. Suppose the bank pays 8.25% compound interest monthly. Calculate future value of your money in 17 years.You deposit $650 in a savings account. How long does it take an account with an annual interest rate of 5% to earn $178.25 in interest? Round your answer to the nearest tenth.
- How much would be in your savings account in 12 years if you deposited $1,500 today? Assume the bank pays 5 percent per year.If you deposit OMR 8415 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years.You intend to accumulate RM5,713 in a bank savings account,4 years from now. How much savings must you deposit now, if the interest rate offered by the bank is 10 percent per year?