An individual deposited P35,000 and earns 3% interest compounded quarterly. After six years, how much money does she has in the bank if she does not withdraw any money and let her money grow in the bank?

Q: A young man saved his money every quarter for 5 years into his bank account. He deposits P2.000 per…

A: Quarterly deposit first 2 years = P 2000 Quarterly deposit next 3 years = P 4000 Annual interest…

Q: Brendan has $96,400 in a savings account that earns 3% annually. The interest is not compounded. How…

A: Present Value = p = $96,400Interest rate = r = 3%Time = t = 3 / 12 = 0.25 years

Q: ames deposited $150 at the beginning of each month for two years into his savings account. For the…

A: Annuity means where regular payment is made at the end of regular period and full amount with…

Q: Assume you deposit $4,200 at the end of each year into an account paying 10 percent interest. a. How…

A: The fixed periodic regular payments/deposits made at each periodic interval are recognized as…

Q: How long (in years) will it take for her investment to amount to $6,000?

A: Time value of money (TVM) means that the amount received in the present will have more value than…

Q: James deposited RM150 at the beginning of each month for two years into his savings account. For the…

A: Monthly compound interest refers to the interest that is compounded on a monthly basis, which is…

Q: Elwin Tulpo invests Php1,000 in a Bank at 10% a year for five years, but when the interest is…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: Kathy's bank account earns interest at a nominal annual interest rate = 5% compounded semi-anually.…

A: Present value is an estimate of the present value of future cash values ​​that may be received at a…

Q: On a child's first birthday, a parent wishes to deposit enough money so that the child can withdraw…

A: Present Value of annuity = Annual payments * PVAF(rate, number of years) Present Value = Future…

Q: You deposit one dollar into a Chase savings account earning 6% interest. Fifteen years later you…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

Q: Suppose a child's parents decide to make annual deposits to a savings account, making the first…

A: The present value of the cash flow is the current worth of a cash flow at a certain rate of interest…

Q: Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed…

A: Given: Principal “P” = $500 Simple rate = 9% Number of years “t” = 11

Q: If John deposits $5,000 in a bank account that pays simple interest of 4%, how much will I have in…

A: Data given: Amount deposited= $5000 Interest=4% p.a. t=7 years

Q: 1. Buchoy deposits Php10 000 in a bank that pays 4% compound interest annually. How much money will…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: Melisandre deposits $508.76 in a bank account paying i(12) = 1.500%. 8 months later, she withdraws…

A: Investors can benefit from the power of compound interest by making early investments and letting…

Q: A year ago your Aunt Sheri deposited $ 1 comma 000 in a bank account. One year later, there was $ 1…

A: To find the Annual Percentage Rate (APR) compounded monthly, we can use the formula for compound…

Q: Ramoncito deposited P15,000.00 today and he deposited the same equal amount each month for the next…

A: The future value of an asset refers to the value of the asset based on an assumed rate of growth and…

Q: Taylor deposits $1500 in an account earning 4.7% interest compounded annually. How much will Taylor…

A: Future Value = Present Value x (1+ Periodic Interest Rate)^No. of Periods

Q: Suppose I want to be able to withdraw P500,000 at the end of five years and withdraw another…

A: The present value of money is the discounted value of future cash flows required. The amount to be…

Q: Belle invests RM7000 in a savings account at 3.2% rate of interest, compounded annually. No further…

A: Initial investment (P) = RM 7000 Interest rate (r) = 3.2%

Q: How much will be in Amber's bank account after 2 years if the account pays 8% compounded…

A: Time period = 2 years  Interest rate = 8% Compounded = semi-annually  Semi-annual deposits =$800

Q: 2. John invests $4000 compounded half - yearly in a bank that pays compound interest at the rate of…

A: Compound interest is one of the type of interest under which interest is charged on both principal…

Q: Anya deposited $241 at the end of every month for 8 years into her bank account that earned 3.02%…

A: The future value of the deposit is calculated using following equation Future value =…

Q: 2. Jeffrey purchased a new car. He wishes to set aside enough money in a bank account to pay…

A: Interest Rate = 5% Year Maintenance Cost 1 6720.00 2 8400.00 3 10080.00 4 11760.00 5…

Q: A young couple wishes to accumulate $35,000 at the end of four years so that they may make a down…

A: Given: Particulars Amount Future value (FV) 35000 Years (NPER) 4 Interest rate (rate) 6%

Q: Michelle Payne deposited $24,000 in a savings account paying 6.25% simple interest. How long (in…

A: Formula: FV=PV×1+rt

Q: A3) Finance Ahmad deposits $1,200 in her bank today. If the bank pays 4 percent simple interest, how…

A: Interest is defined as the price that is paid by the borrower for the money borrowed by him or the…

Q: 0. I have $72,000 in my bank account today. The bank manager told me that I will have $100,000 money…

A: We will use the below formula to calculate the interest rate (APR)     APR = (FV/PV)1/n-1 Where FV -…

Q: Michelle Payne deposited $4,000 in a savings account paying 6.25% simple interest. How long (in…

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

Q: A. Zoey deposits $500.00 every quarter into an account earning 5% interest compounded quarterly. How…

A: The time value of money is the concept widely used to determine the correct worth of the sum to be…

Q: A woman deposits $8000 at the end of each year for 13 years in an acc (a) Find the final amount she…

A: Accrued amount refers to the compile sum of income, interest and all the desired expenses that needs…

Q: er deposits P15,500 each quarter in a savings bank paying 12.5% compounded quarterly. If she desires…

A: Future value of amount include the amount being deposited and interest being accumulated over the…

Q: Kween Yazmine's mother borrowed Php35,000 to fix their car. The bank charges 5% interest for two…

A: Borrowed amount (PV) = Php 35,000 Interest rate (r) = 5% Period (n) = 2 Years

Q: Margaret M. withdrew $630,315 from an account into which she had invested $350,000. If the account…

A: FV= $630,315 PV= $350,000 Interest at 4% per year Time period= ?

Q: Gina deposits her inheritance into an account earning interest of 4% compounded annually. She will…

A: A/P = 2 (because Gina wants her inheritance to double)r = 4% = 0.04n = 1 (since it's compounded…

Q: Patricia promises to pay Patsy $2400.00 plus interest at 8% in one year. After 3 months passed, she…

A: Time has been valuable in all aspects but in terms of finance, time has a money value. The worth of…

Q: Alice has $60,000 in a savings account that earns 8 %  interest per year.  The interest is not…

A: Here in this question, we are require to calculate simple interest for 4 years. Formula for simple…

Q: Stella deposits $54,000 in a savings account at a bank that offers interest of 5.3% on such…

A: The objective of the question is to calculate the future value of Stella's savings account after…

Q: how much more money would Isabella have in her account than Gabriel,

A:

Q: 4. Richard makes payments of $400 into a savings account each month. The account gains interest at a…

A: When a sum of money deposited into an account is compounded at every point in time, it is said to be…