1. In a bank account that pays interest 8% p.a, what should you deposit now to have a balance of £900 a year from now? £ 数字 Enter an answer correct to 2 decimal places.

Q: 8. An amount of P 5000 is deposited iin a bank paying an annual interest rate of 3.1% compounded…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: 2. Use this information to answer the following questions: a) Let's say you invest $10,000 into each…

A: Computation A:

Q: None

A: Given information: Annual deposit (PMT) = $910 Number of year (n) = 6 Interest rate (i) = 4% or 0.04…

Q: If you deposit $500 in a bank account today that earns 3% interest and you deposit $20 per month…

A: The future value of a present sum of money after n periods is given by the formula Future…

Q: What will be the accumulated amount in an investment account

A: As per the concept of the Time value of money, today’s money value has more valuable than tomorrow.…

Q: You deposit $ 6,957 in an account that pays 1 % simple interest. How much do you have after 12…

A: Deposit amount (P) = $ 6,957 Interest rate (r) = 1% Period (t) = 12 Years

Q: Suppose you deposit $1,030.00 into an account 4.00 years from today. Exactly 13.00 years from today…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest…

A: future value = present value*(1+rate)^n future value = 8854*1.08^7

Q: Suppose two $100 withdrawals are made, the first in 2022 and the second in 2026, emptying an account…

A: Amount withdrawn $100. Rate 5%.

Q: 4. What account should you invest your money in? (Hint. Calculate the APY of each account)  Account…

A: 1. APR= 3%, annual compounding 2. APR =2.75% monthly compounding

Q: compounded

A: Formula to calculate preset value: PV = FV/(1+r/n)^nt Where PV is the present value, FV is the…

Q: 4. How much should you deposit in an account so that you can withdraw $5300 every year for the next…

A: Given that, Annual Withdraw (A)=$5300 Duration (n)=18 years Rate of interest (i)=6% or 0.06   Amount…

Q: You want to have $65,000 in your savings account 11 years from now, and you're prepared to make…

A: Solution:- When an equal amount is deposited each period at end of the period, it is called ordinary…

Q: A deposit $400 today in an account paying 7% per year. What would be the balance in your account…

A: We need to use compound interest formula to calculate account balance after 6 years A=P(1+i)n where…

Q: ment to

A: will reflect all the payments of annuity for 10 years (10*12=120 times) for the yearly interest rate…

Q: Requirement 1:   At 6 per cent interest, how long does it take to double your money? (Round your…

A: In this problem we have to calculate period required considering future value and present value.

Q: Pro 70 tamoms or to insong 3) What is the annual interest rate earned on a deposit that grew from…

A: Number of years (n) = 5Future Value after 5 years = $502.84Present Value = $250We need to calculate…

Q: klp.3

A: The objective of this question is to calculate the future value of a one-time deposit of $4,353 at…

Q: Suppose a savings account pays 7% annual interest with interest compounded daily (assume there are…

A: Daily compounding Nominal rate= 7% Number of compounding periods = 365 Deposit = 2578 N = 3285 days…

Q: Suppose that you deposited $1000 in your savings account that earns 10% annual interest. How much…

A: Present Value in account = $1000 Annual interest rate = 10%  Time period = 3 years

Q: 1. In a bank account that pays interest 2% p.a, what should you deposit now to have a balance of…

A: Future value is the amount that existing assets are worth at a specific future date after they have…

Q: How much amount should an investor deposit in an account earning a continuously compounded interest…

A: Time Value of Money states that a dollar today is worth more than anytime in the future. This is…

Q: Question 1 Itranscript Listen. You deposit $438 today into a bank account that earns 15% annually.…

A: Future Value is that amount which will  be received by the investor at specified period of time at…

Q: Calculate the value where you find question mark “?". All values should be determined up to four…

A: PV stands for present value of money. It means the present value of the money which will be received…

Q: as a Hint When working with money, round to the nearest cent after you have made the final…

A: When an individual deposit money in banks, or financial institutions, he receives interest on the…

Q: With an initial deposit of 200 dollars, the balance in a bank account after t years is f(t) =…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: Carol made a deposit of $1027.00 into a bank account that earns interest at 7.9% compounded…

A: The amount that will be deposited today will be more in dollar terms (not in worth) as the amount of…

Q: You have a 2-year certificte of deposit in the bank. It is paying 6% annual interest, compounded…

A: Certificate of Deposit (COD) is a definite term deposit facility which provides higher interest than…

Q: lo find out the balance in your account just after you make deposit whereby you will deposit $400 at…

A: Future value of annuity can be found from the interest rate , period and annuity payment by finding…

Q: Suppose that a capital of £2700 earns £400 of interest in a bank account over 4 years. en that…

A: Simple interest rate is a way to calculate the interest on a loan or investment that doesn't take…

Q: 11. Suppose you have a balance of $5400 on your credit card, which charges an APR of 18%. If you…

A: Monthly payment refers to an amount that is paid at every month for the repayment of loan amount…

Q: If you earn 5% per year on your bank account, how long will it take an account with $110 to double…

A: The present value is the present worth of the amount that is paid or received in the future.

Q: 1. A bank deposit of P10, 000 has a real value of P12,136.30 after 3 years. What is its actual…

A: Real value (R) = P 12,136.30 Inflation rate (i)= 5% Period (n) = 3  Years

Q: Find the tripling time with 4 decimal places on a bank account that pays 7.2% APR if interest is…

A: Compounding is referred to the concept in which the interest earned on an investment also earns…

Q: Q2. Deposits are to be made to an account as indicated in the table below which bears interest at…

A: Here,

Q: What is the amount of interest owed if $7,850 is borrowed at 6.55% for 1 year? Round to two decimal…

A: Interest is the charge paid to the money lender for borrowing something in monetary terms. It is…

Q: Problem #7: same amount of interest in the last 6 months of year 8, what is i? Answer as a…

A: Present value is the current value of a future sum of money or stream of cash flows given a…

Q: f you deposit RM3,305 in an account earning 12%, how much would you have in the account after 15…

A: Using the future value function in excel