A person likes to deposit (800CU) for (10) years. He likes to deposit the amount at the end of the first year and then after he wishes to deposit the amount with an annual increase of (500CU) for the rest (9 years) with an interest rate of (15%) compounded annually. Find 5:55 ✔ the total amount at the end of the 10th year of the above.

A person likes to deposit (800CU) for (10) years. He likes to deposit the amount at the end of the first year and then after he wishes to deposit the amount with an annual increase of (500CU) for the rest (9 years) with an interest rate of (15%) compounded annually. Find 5:55 ✔ the total amount at the end of the 10th year of the above.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 12E

See similar textbooks

Similar questions

If Alvin invest 5500 to day in a saving account. The money will grow to 8500 at the end of the year 4. Assuming that the interest is paid once per year, the effective annual rate of the invent is a. 12.2 b. 12.9 c. 11.5 d. 13.6 E. 10.8
Find the future value of an annuity in 12 years if you deposit $105 at the end of each compounding period into an account paying 1.50% compounded semiannually. $ 2749.79 O $5510.80 O $496976.44 O $2709.71
A person likes to deposit (800cu) fy for (40) years. He likes to deposit the amount at the end of the first year and than after he wishes to deposit the amount with an annual increase of (500CU) for the rest (9 Years) with interest of (15%) compounded annually Find the total amound at the end of the 10th your an of the above. rate of
H5. Seamus has made deposits of $76.00 into his savings account at the end of every month for 15 years. If interest is 10% per annum compounded semi-annually and he leaves the accumulated balance for another 2 years, what would be the balance in his account then? Show proper step by step calculation
Find the future value of an annuity in 10 years if you deposit $125 at the end of each compounding period into an account paying 3.80% compounded quarterly. O $ 547407.55 O $5383.61 $ 6048.21 O $ 3007.11
Suppose you deposit $2,000 at the end of eachquarter for ten years at an interest rate of 9% compounded monthly. What equal end-of-year depositover the ten years would accumulate the same amountat the end of the ten years under the same interestcompounding? To answer the question, which of thefollowing is correct?(a) A = $2,000(F/A, 2.267%, 4)(b) A = $2,000(F/A, 9%12 , 40) * (A/F, 9%, 10)(c) A = [$2,000(F/A, 2.25%, 40)] * (A/F, 9%, 10)(d) None of the above
The accumulated amount that you will receive after 52 months if you deposit R7 300 into an amount which earns 9,7% interest per year, compounded every second month, is 1. R7 825,36. 2. R10 368,43. 3. R11 076,73. 4. R8 388,53. 5. none of the above.
You deposit $100 in an account earning 5% compound interest for 5 years. Find the future value and the interest earned for each of the following compounding frequencies. Round all answers to two decimal places if necessary. (1 year = 365 days, including leap years)
Find the future value of an annuity in 18 years if you deposit $85 at the end of each compounding period into an account paying 2.00% compounded monthly. $7344.75 $ 26295.83 $ 22077.90 O $3661.53
3. What amount will accumulate if we deposit P15,000 at the end of each year for the next 8 years. Assume an interest of 7% computed annually.
Suppose you are a beneficiary designated to immediately receive P8674 each year for 10 years, earning an annual interest rate of 6%. The future value of the stream of income payments is Round your answer to 2 decimal places. Add your answer
A person wants to borrow as much money as possible today with an annual payment of $1000 at the end of each year for 5 years. If he is charged 7% interest compounded annually, how much could he borrow? Select one: a. $9130.25 b. $6130.25 C. $4130.25 d. $8130.25 The future value of annual deposited started from the end of period one up to year 7, is: Select one: a. A(F/A,i,7) b. A(F/A,i,6) C. P(F/A,I,7) d. P(F/A,i,6)