You put $250 in the bank for 5 years at 12%. Using the Future Value of 1 Table, what factor would you use to calculate the future value of your deposit? Enter the factor as seen in the table, with five decimal places.
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: f you deposit OMR 20555 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Deposit amount (PV) = OMR 20,555 Annual interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4%…
Q: future value of your money in 17 years.
A: Future Values: Future value is the value that will be increased or decreased after a particular…
Q: If you made $600 after investing $12,000 in a bank CD for 4 years, what percent simple interest did…
A: Simple interest = Principal*interest rate*time period Interest rate = Simple…
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: If you deposit $10,000 dollars into a savings account, what interest would you need to be earning to…
A: Working note:
Q: Solve each of the following questions using both pricing formulas and Excel. 1. If you wish to…
A: Present value refers to the current value of money which is required to put for a certain amount in…
Q: How much (in $) would the account be worth after 10 years?
A: Note: Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: If you deposited AED 55,650/ in a bank which was paying a 12% rate of interest on 10 year time…
A: Deposited ( PV) = AED 55,650 Rate of Interest (i) = 12% Year (n) = 10
Q: You put $280 in the bank for 5 years at 8%. A. If interest is added at the end of the year, how…
A: Future value is directly proportional to the interest rate. If the interest rate is higher the…
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: What will be the final balance at the end of year 23 if you make a deposit of 88,000 at the end of…
A: Future values refer to the concept of determining the future worth of current money deposits.
Q: You invest 1,000 today in a bank, which of the following one refers to the value of your investment…
A: Given: Amount = 1,000 Years = 5
Q: Suppose you invested $50,000 into an account at a private bank that attracts annual interest of 20%…
A: The present value of a sum shows the amount of money available today. It is the discounted value of…
Q: Suppose you put $200 into a bank account at the annual interest rate of 7%. *Round your answer to…
A: In this we have to find the future value of given value.
Q: Suppose your bank account will be worth $4,200.00 in one year. The interest rate (discount rate)…
A: Present value is the present worth of any sum of money to be received in the future at a specified…
Q: If you deposit OMR 16830 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Amount of Deposit = OMR 16830 Interest Rate = 8% Years =5 Interest Rate half yearly (r)=8%/2 =4%…
Q: You want to deposit sufficient money today into a savings account so that you will have $1,000 in…
A: Calculate the present value of amount as follows: Present value 3.5%= Future value / (1+rate)^years…
Q: As part of your retirement plan, you have decided to deposit $6,000 at the beginning of each year…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Alfredo wants to know how much he must put in a bank account today to have within 14 years an amount…
A: As per the information provided: Future value of the invested amount = $20,000 Time = 14 years…
Q: If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much…
A: PV=FV/(1+i)^n (PV= present value FV= Future value i= discount rate n= Number of period ) FV=…
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 put $6,150 in the bank for 15 years at 5%. Using the Future Value of 1 Table, what factor would…
A: Future Value is known as Terminal Value. The accrued amount of FVn on principal amount after n…
Q: A bank will pay you $100 a year for your lifetime if you deposit $2,500 in the bank today. If you…
A: In the given question we need to compute the interest rate bank is paying.
Q: You put $250 in the bank for 5 years at 12% a. if interest is added at the end of the year, how…
A: Req-1 Beginning Balance Interest Amount Ending Balance (A) (B* 12%) (C) = (A+B) Year…
Q: As part of your retirement plan, you have decided to deposit $9,000 at the beginning of each year…
A: Since you have asked a question with multiple sub-parts, we will solve the first three questions for…
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: How much would be in your savings account in 9 years after depositing $190 today if the bank pays 9…
A: Deposit amount (P) = $190 Interest rate (r) = 9% Period (n) = 9 Years
Q: You put 8,293 in the bank for 11 years at 5% what factor would you use to calcuate the future value…
A: Formula future value = present value x (1 + interest rate)^n Present value = 8,293 Interest rate =…
Q: You plan to deposit $700 in a bank account now and $900 at the end of one year. If the account earns…
A: Simple interest is a method of calculating the percentage of interest paid on a sum over a defined…
Q: How much would be in your savings account in 8 years after depositing $300 today if the bank pays 8…
A: Present value = Future value/(1+required rate of return)^n. Use PV Function in excel Future value =…
Q: How much would your investment be worth if you deposited $5,555.55 into a bank that paid simple…
A: Total Interestn need to be computed for 10 years period by computing the annual interest on amount…
Q: You are depositing $3,000 today in an account with an expected rate of return of 10%. If you deposit…
A: Future value can be defined as the worth of money at a future date, computed in accordance with the…
Q: If you deposit $500 every 6 months for 7 years at an interest rate 20% compounded quarterly, how…
A: The amount at the end of 7 years is the future value of the semiannual deposits.
Q: If you deposit $20,000 in a bank account that pays 5% interest annually, how much will be in your…
A: The provided information are: Present value (PV) = $20,000 Rate of interest (r) = 5% = 0.05 Time…
Q: You deposit $100 in a savings account today, and this account accrues interest compounded annually…
A: Compounding is the power of increasing the amount of investment by adding interest in principal and…
Q: How long will it take for your funds to triple?
A: It will take 28.01 years to triple $5,000 invested in a bank that pays 4% annually.
Q: Say you barrowed $10,000 from a bank at 12% interest rate per year for a period of 10 years. How…
A: Borrowed amount is $10,000 Interest rate is 12% Time period is 10 years To Find: Amount after 10…
Q: Assume you just deposited $1,000 into a bank account. The current real interest rate is 2% and…
A: Given data; Deposit amount = $1000 real interest rate = 2% inflation rate = 6%
Q: There is an investor stating they will pay out $84,000 at the end of 4 years. In order to invest…
A: Future value = $ 84000 Period = 4 Years Deposit amount = $ 10,000
Q: If you deposit some money into a bank account today, to the nearest year, how long will it take to…
A: Calculation of number of years: Answer: Number of years is 4
Q: You have decided to open a savings account and put $7000 in your local bank. If you had an interest…
A: Money can be saved in any bank with the help of savings account. The money in the savings account…
Q: You put $190 in the bank for 5 years at 15%. A. If interest is added at the end of the year, how…
A: Lets understand the basics. Future value is value of any amount in the future. It is used to know…
Q: You wish to invest ₱10,000 for a period of 5 years. Which of the following investments would be best…
A: Bank A - Simple Interest Future Value = (Principal + ( Principal * Interest rate * Number of…
Q: How much would be in your savings account in 7 years after depositing $350 today if the bank pays 10…
A: To calculate the future value we will use the below formula Future value = P*(1+r)t Where P -…
Q: You deposited PHP1,500 in a bank with an interest rate of 5% for 1 year. What is the future value of…
A: The future value is the amount that will be received at the end of a certain period. In simple…
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- you use Your invest $8,195 for 6 years at a 7 percent interest rate. what element would! to determine the future worth of your deposit using the Future value of one Table (Time value of Money Table)? Four decimal places should be used. It's too big to submit the table.If you deposit some money into a bank account today, to the nearest year, how long will it take to triple your deposit if it earns 32% annually? note: calculate to the nearest decimal. For example, if the answer is 12.56 years, then input your answer as 12.612. You put $250 in the bank for 5 years at 12%. Using the Future Value of 1 Table, what factor would you use to calculate the future value of your deposit? Enter the factor as seen in the table, with five decimal places. 13. You put $8,195 in the bank for 6 years at 7%. Using the Future Value of 1 Table (Time and Value Table), what factor would you use to calculate the future value of your deposit? Round to four decimal places.
- A local bank will pay you $135 a year for your lifetime if you deposit $3,000 in the bank today. If you plan to live forever, what interest rate is the bank paying? Note: Enter your answer as a percent rounded to 2 decimal places. Interest rate %Suppose you will need $43,000 in 21 years. If your bank compounds interest at an annual rate of 4%, how much will you need to deposit into your account 2 year(s) from now to reach your goal? Enter your answer rounded to two decimal places. NumberSuppose your bank account will be worth $4,200.00 in one year. The interest rate (discount rate) that the bank pays is 5%. What is the present value of your bank account today?
- If you were to put $1,000 in the bank each year for the next 10 years at 6% interest, which table would you use to find the ending balance in your account? Group of answer choices Future value of $1 Present value of an annuity of $1 Future value of an annuity of $1 Present value of $1Suppose you need to have $57,942.00 in an account 25.00 years from today and that the account pays 11.00%. How much do you have to deposit into the account 5.00 years from today? Suppose you deposit $1,101.00 into an account 7.00 years from today. Exactly 15.00 years from today the account is worth $1,466.00. What was the account's interest rate? Suppose you deposit $1,093.00 into an account 7.00 years from today that earns 12.00%. It will be worth $1,613.00 _____ years from today. Assume the real rate of interest is 2.00% and the inflation rate is 4.00%. What is the value today of receiving 10,528.00 in 15.00 years?What is the present value of a cash payment of $1.2 that you will receive in 5.3 years if the interest rate is 6.5%? Round to 2 decimal places. Include dollar signs ($) and percents (%) as appropriate.
- 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?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?You 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.