2. Attach a complete solution. Draw the cash flow diagram. Suppose that P 4500 is deposited each year into a bank account that pays 8% interest compounded quarterly. How much would be accumulated in his fund by the end of the 4th year? The first payment occurs at time zero (now).

2. Attach a complete solution. Draw the cash flow diagram. Suppose that P 4500 is deposited each year into a bank account that pays 8% interest compounded quarterly. How much would be accumulated in his fund by the end of the 4th year? The first payment occurs at time zero (now).

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: Compute the future value of a $3500 deposit, after eight years, in an account that pays a simple…

A: Using the formula for simple interest. The interest amount can be calculated.

Q: If P8,000 shall accumulate for 10 years at 12% compounded quarterly. Find the compound interest at…

Q: If you can earn 12% interest compounded quarterly, how much is $900 paid to you 3 years in the…

Q: Determine the equivalent amount pf money at the beginning of the second year if interest is 6% per…

A: Given principal amount = 10000 Interest rate =6% Compounded monthly

Q: A debt of P700, 000 with interest at 9% compounded annually is to be amortized by 12 uniform annual…

Q: A man bought an eqpt costing P150k payable in 10 semi annual payments with i = 12% , determine each…

Q: If $280 is deposited in a savings account at the beginning of each year for 14 years and the account…

Q: 2. Find the present value of installment payment of P1000 now, P2000 at the end of the first year,…

A: Given, installment payment now= P1000 P2000 at the end of the first year =P2000 at the end of 2nd…

Q: 1.You deposit $50,000 into a fund that pays 5% per year compounded annually. You plan to make the…

A: Given:- P = $50000 R = 5% per annum To find:- Value of X

Q: On january 1, 2016, Diana opened an account with a P 50,000 deposit. On january 1, 2017, she…

A: Calculate the the balance on January 1, 2021 ?

Q: ia plans to buy a house for Php 159889. She wants to make a down payment of Php 20111 and to take…

A: Actual cost of house = Php 159889 He make a down payment = Php 20111 Remaining Balance = 159889 -…

Q: Q1/ If the first deposit was $5,000 and decreased by $150 during the five years. Calculate the…

Q: Two years ago, Snoop Lion deposited P15,000.00 in a fund that earns 10% interest compounded…

A: Given Interest rate = 10% compounded semiannualy 15000 deposited 2-years ago 10000 deposited today…

Q: 12. Determine the present worth of a geometric gradient series with a cash flow of $50000 in year 1…

A: Answer We are given Cashflow of year 1 = $50000 rate of increase per year = 6% Interest rate per…

Q: The principal sum P is invested at nominal interest rate r, compounded m times a year, for n year.…

A: P - principal sum r - interset rate n - time (year) m - compounding times a year A - amount at the…

Q: How much did she pay altogether?

A: Given data: Loan amount = 524000 Interest = 5% Paid off after 5 years

Q: An engineer is earning P18,000 a month and he can only afford to purchase a car which will require a…

A: To find first payment due at the end of first month.

Q: An amount of P 1,000 becomes P 1,608.44 after 4 yrs. compounded bi- monthly. Find the nominal rate…

A: intial money = p = 1000 compounded money = 1608.44 number of year = 4 years

Q: Solve for the present worth of a perpetual payment of PS0,000.00 every 5 years? Interest rate is 6N

A: It is required to determine the perpetual payment paid per year. Payment paid per year=Total…

Q: If the nominal annual interest rate is 6% compounded monthly, what is the effective quarterly…

Q: 7. Lawrence takes out a loan For S8000 to start a business after high school, The bank charges him…

A: Hi! Thank you for the question. As per the honor code, we’ll answer the first question since the…

Q: A young woman with the age of 20 has just passed the board exam. She accepts a teaching position at…

Q: Determine the present worth of the following cash flows based on an interest rate of 6.18% per year,…

Q: simple interest rate. 20

A: = final amount = initial principal balance = annual interest rate = time (in years)

Q: Find the present value P?

A: In the above case the annual due amount taken from the year of 3 only, so number of year is 10.…

Q: now much must be invested?

A: Compound interest calculations:

Q: Determine the interest rate in % compounded annually if the compound amount factor is 1.569 for a…

A: the formula for compound interest is the following F.A =(P.A)(1+r)t F.A = Final Amount P.A =…

Q: You invested $18517 for 10 years at 4.92% per annum. How much more would you receive at the end of…

Q: How many years will be required for a sum of money to double, if the annual interest rate is 10%,…

A: Amount = A Principal amount = P Rate,r = 0.1

Q: Practice Problem Set No. 4: (Continuation) Problem 4: If money is worth 8% compounded quarterly,…

A: L

Q: Mr. Giu invested P 102,200.00 in savings account. After 2 years, he deposited an amount of P 8,500.…

Q: Solve Problem 20.25 using Excel.

A: To find:- X

Q: I. Exercises A. Exercise Direction: Find the present value of the following: Show your solution and…

A: Amount= P1 +rnnt Compound Interest = Amount - Principal where P =Principal amount =…

Q: after

Q: Compute the future value of a $1500 deposit, after eight years, in an account that pays a simple…

A: Given:- The present value of the deposit = $1500 The time period of the deposit is 8 years The…

Q: Using Excel or a spreadsheet of your choice, create interest–time factor tables, similar to Table…

A: given i = 8.5% and i = 9.5% to find the interest time factor we know that FP= 1+inPF = 11+inPA =…

Q: FOR THE CASH FLOW REVENUES SHOWN BELOW, FIND THE VALUE OF G THAT MAKES THE EQUIVALENT ANNUAL WORTH…

Q: ECONOMICS An item worth P60,000 is payable in 60 days or P57,500 payable in 15 days. Find the…

A: The formula for simple interest helps you find the interest amount if the principal amount, rate of…

Question

2. Attach a complete solution. Draw the
cash flow diagram.
Suppose that P 4500 is deposited
each year into a bank account that
pays 8% interest compounded
quarterly. How much would be
accumulated in his fund by the end of
the 4th year? The first payment
occurs at time zero (now).

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.

Similar questions

Determine the present worth of the following cash flows based on an interest rate of 7.43% per year, compounded annually. Round off to two decimal places. End of Year 0 = Php 5585 End of Year 1 = Php 5561 End of Year 2 = Php 5320 End of Year 3 = Php 5858 End of Year 4 = Php 5436 End of Year 5 = Php 5442
9. A firm loans P500,000 pesos from a bank with interest at 6% compounded annually. He agrees to pay his obligations by paying 10 equal annual payments, the first being due at the end of 1 year. Find the annual payments.
Your future company has purchased a machine and has entered into a contract that requires the company to pay $2000 each year for the upgrade of machine components at the end of years 6, 7, and 8. In anticipation of the upgrade cost, your company has decided to deposit equal amounts ( X ) at the end of each year for five years in a row in an account that pays i = 6% . The first deposit is made at the end of the first year. What is the value of X?
If P500,000 is deposited at a rate of 11.25% compounded monthly, determine the compounded interest after 7 years and 9 months.
Give me right answer with clear solution
A man borrowed P20,000 from a local commercial bank which has a simple interest of 16% but the interest is to be deducted from the loan at the time that the money was borrowed and the loan is payable at the end of one year. How much is the actual interest rate.
Solve for each problems. Show your solution legible and neatly. Write the question, the given(also what is the given?), what to find and a cash flow diagram. Answers should be in 2 decimal places, unless stated otherwise. Solution should be hand-written. Question can be hand-written or type-written. Answer should be in 2 decimal places. 21. If the nominal interest rate is 3% of P5,000, how much worth in 15 years continuously compounded account? 22. You deposited $15,000 in a savings account five years ago. The account has earned 5.25% interest compounded continuously since then. How much money is in the account today? 23. A young engineer wants to surprise her husband with a European vacation for their tenth anniversary, which is five years from now. She determine that the trip will cost $7,000. Assuming an interest rate of 5.5% compounded daily, approximately how much money does she need to deposit today for the trip? 24. Mr. Ayala borrows P1,000. In 4 years, the money become P2,500…
A businessman borrowed P200,000 with interest at the rate of 4.5% compounded semi annually. He agrees to discharge his obligation by paying a series of 9 equal semi-annual payments, the first being due at the end of 4.3 years. Find the semi-annual payment. Express your answer in whole number.
b) The time it would take for a given sum of money to double at 4% per year ts) simple interest is closest to: 1) 30 years 2) 25 years 3) 20 years 4) 10 years
9. A cash flow has the following income values: $100 at end of year 2, $200 at end of year 3, $300 at end of year 4, $500 at end of year 6, and $600 at end of year 7. Solve for the present value, P, of the cash flows by using only two interest factors. The interest rate is 11% per year.