1. Show your understanding of the time value of money by solving these problems. a. You deposit $200 in an account earning 2.6% a year and compounding annually. How much will be in the account after 20 years? b. You deposit the same amount in an account earning 2.6% annually that does not compound. How much is the account worth after 20 years?

You borrow $6,000 for 90 days at 6.5% interest.  The lender uses a 365-day year.  You make a payment of $1,400 on day 36 (36 days after getting the loan).  Calculate your balance after the $1,400 payment is applied.

Please use simple interest formula

Chris makes a deposit of $500 into his savings account at the beginning of each year for the next 20 years. If the account earns 5% interest rate per year compounded annually, what will be the future value at the end of 20 years?Need to calculate.

Suppose you borrow $5,000 at 7.25% interest for 14 months.  What is the maturity value?

2.5 To purchase a new truck, you borrow $42,000. The bank offers an interest rate of 7.5% compounded monthly. If you take a 5-year loan and you will be making monthly payments, what is the total amount that must be paid back? a. What is the number of time periods (n) you should use in solving this problem? b. What rate of interest (i), per period of time, should be used in solving this problem?

Please answer all. show complete solution. do not use excel please. thank you. Kim deposits her annual bonus into a savings account that pays 7% interest compounded annually. The size of her bonus increases by $3,000 each year, and the initial bonus amount is $10,000. Determine how much will be in the account immediately after the fifth deposit. Five annual deposits in the amounts of $15,000, $14,000, $13,000, $12,000, and $11,000 are made into a fund that pays interest at a rate of 7% compounded annually. Determine the amount in the fund immediately after the fifth deposit.

Q3

You want $12,000 in your IRA in 6 years. Assuming you get 8% compounded quarterly, how much will you need to put in each quarter?

Please solve complete in hand written