Assume you placed RM25,000 in a savings account that pays an annual compound interest of 8% for 3 years. later, Later, you decide to move the use of money into another savings account that pays 10% interest compounded annually. Calculate the amount of money that will have at the end of the 6 years.

Q: You have just deposited $5,000 into an account that promises to pay you an annual interest rate of…

A: Amount of deposit=$5000Interest rate=5.3%Number of years=10

Q: You borrowed money from the bank with a simple interest 8%, find the present worth of P25,000, which…

A: In Simple Interest Case, FV = PV + (PV x r x n) FV = PV x {1 + (r x n)} Therefore, PV = FV / {1 + (r…

Q: If you deposit $250 each month into an individual retirment account that earns 4.8% interest…

A:

Q: You put $1, 000 into a savings account today that offers a 5% APR with semi-annual compounding…

A: Interest rate is the rate that is charged on the money (Principal) lent by the lender to the…

Q: You make two annual payments of $2,000 each (the first payment is made one year from today) into a…

A: Number of annual payments (N) = 2 Payment = 2000 Interest rate = 10%

Q: An investment that cost ₱300,000 was placed in a bank and the bank gave you a 4% compound interest…

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

Q: A sum of money is deposited now in a savings account. The effective annual interest rate is 12% and…

A: Given, Amount (A) = P8,000 Principal (P) = ? Interest rate (i) = 12% Number of times compounded (n)…

Q: You plan to invest $1,200 at the end of year 1, $2,000 at the end of year 2, and $3,700 at the end…

A: Given data; Amount deposited at the end of year 1 = $1200 Amount deposited at the end of year 2 = $…

Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…

A: In the given question, compounding is done on monthly basis. Therefore, effective monthly rate will…

Q: Suppose your bank pays 10% interest, compounded semiannually. Find out how much should be deposited…

A: Present value is the amount a person is willing to pay now, in order to get an amount for a…

Q: If P10,000 is deposited each year for 9 years, how much annuity can a person get semi-annually from…

A: Amount Deposited each year is P10,000 Time period is 9 years Interest rate is 14 % compounded…

Q: If you borrowed money from your friend with simple interest of 12%, find the present worth of P50,…

A: Simple interest formula FV = P*(1+rt) where FV = future value P = Present value r = rate t = time

Q: Starting at the end of this year, you plan to make annual deposits of $7,000 for the next 10 years…

A: MS-Excel --> Formulas --> Financials --> FV

Q: If you deposit RM25,000 in an account earning 16% with quarterly compounding, how much would you…

A: Amount of Deposit = RM 25,000 Interest Rate = 16% per annum Quartery interest Rate(r) = 16%/4 = 4%…

Q: Assume you make 10 equal annual deposits of $2000 into an account paying 8% per year. How much is in…

A: The amount available 6 years after the last deposit will be the future value of this annuity.

Q: Suppose you invest $140 a month for 3 years into an account earning 8% compounded monthly. After 3…

A: Future value of ordinary annuity(cash flow due at the end of year) can be calculated by using this…

Q: You deposit $4000 in an account earning 3% interest compounded monthly. How much will you have in…

A: The amount after 10 years will be the future value of the initial deposit.

Q: a) if the interest rate is 8%, what is the present value of the cash flows? b) what is the future…

A: The time value of money implies that the cash in hand at present has a higher value than the cash…

Q: If you deposit RM15,000 in an account earning 20% with semi annually compounding, how much would you…

A: Compounding is a way to find the FV of a deposited amount by considering the appropriate rate for…

Q: A certain sum of money will be deposited in a savings account that pays interest at the rate of 6%…

A: The following information given in the question: Rate of interest : 6% compounded annually (I)…

Q: Suppose that $10,000 is deposited into a saving account that earns 6% interest, compounded annually.…

A: Present Value of deposit (PV)=$10,000 Rate of interest (i)=0.06   Future Value after 5 years=…

Q: You initially deposit $3,000 in to a savings account for 5 years, paying 6% compounded annually.…

A: Savings accounts is referred to as an interest bearing deposit account, which used to held at the…

Q: The plan was to leave $8,000 on deposit in a savings account for 15 years at 7.5% interest…

A: Deposit amount now (D) = $8000 Interest rate (r) = 7.5% Withdrawal after 5 years (W) = $2000 Period…

Q: If you deposit RM25,000 in an account earning an interest of 15% per annum, much would you have in…

A: Given: Present value = RM25000 Interest rate = 15% per annum Time period = 10 years To compute the…

Q: You plan to invest your saving of $15 000 in the next 12 years with two phases: in the first 7 years…

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

Q: If you deposit Php6500 into an account paying 8% annual interest compounded monthly, how much money…

A: Present value is the sum of money that must be invested in order to achieve a specific future goal.…

Q: Suppose an investor deposits $28,000 into a savings account for 4 years at 6.75% interest. Find the…

A: Dear student as per answering guideline we can answer only three sub parts if a question have more…

Q: Suppose that $12,000 is invested in a savings account paying 5.6% interest per year. (a) Write the…

A: The future value is the amount to be received in future which were invested in an account which…

Q: Goldberg planned to build a P1,500,000-house after 2 years. How much should be deposited in a…

A: Amount To be deposited now is Present value = Future Value/(1 + Interest rate)n Where , Interest…

Q: If you put 20,000 in a savings account that pays interest at the rate of 4% compounded quarterly,…

A: Compound interest also called interest on interest. It is the addition of interest in the principal…

Q: Suppose you invest $140 a month for 3 years into an account earning 8% compounded monthly. After 3…

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

Q: You make an investment into a money market account at time T=0. In year T=5, the value of the money…

A: Given: Time period: 5 years Future value: $5000 Rate of interest: 5% compounded quarterly To…

Q: You put \$1,000$1,000 into a savings account today that offers a 5\%5% APR with semi-annual…

A: Banks usually offer loans to customers, and they also accept deposits from the customers. The…

Q: Suppose that $8000.00 was invested in a savings account that paid 2.5% interest compounded…

A: Number of compounding periods = Number of years * 4 quarters per year = 3 * 4 = 12 quarters   Rate…

Q: You make deposits of $700 at the end of each month into an account earning i^(12) = .03 for three…

A: As per the time value of money, a dollar is worth more today than the same dollar in the future.…

Q: 2. If you wish to accumulate R200,000 in 7 years' time by depositing R1,850 per month in an account…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: You have decided to open a savings account and put $9000 in your local bank at an interest rate of…

A: Given: Present value = $9,000 Interest rate = 0.6% Years = 8

Q: You deposit $66000 into an account which pays 7% compounded monthly. You leave the money in the…

A: Deposit amount =$66,000 Rate of interest (i)=7%12=0.005833 Duration (n)=8*12=96 periods

Q: Assume that you keep RM5,555 in the savings account at Affin Bank with an interest of 15 percent per…

A: Saved amount = RM 5,555 Annual interest rate = 15% Period = 5 Years

Q: If you borrow money from your friend with simple interest of 12%, find the present worth of P20,…

A: Simple Interest is the method in which we calculate the interest on a specific principal amount at a…

Q: Omar put OMR 800 in a savings account with a 10% nominal rate of interest compounded daily what will…

A: Deposit = 800 Interest Rate = 10% Time Period = 2 years

Q: Suppose you decide to save P3,000 per month for the next three years.  If you invest all of these…

A: Here, Equal amount at equal interval (A) = P3,000 per month Time period in years (n)= 3 years Rate…

Q: If you put $6,000 in a savings account that yields an 1% rate of interest compounded daily, what…

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

Q: Suppose that you invest $20 000 in an account paying 8% interest. You plan to withdraw $2000 at the…

A: Investment = $ 20,000 Annual interest rate = 8% Annual withdrawal = $ 2000 Period = 15 Years

Q: You deposit $1000 each year into an account earning 8% compound annually. A) How much will you have…

A: ordinary annuity-in which payment is end of each period. annuity due :-payment is made at beginning…