Charlie has $8,000 to invest for a period of 5 years. The following three alternatives are available to him: • Account 1 pays 4.00% for year 1, 5.00% for year 2, 8.00% for year 3, 9.00% for year 4, and 10.00% for year 5, all with annual compounding. • Account 2 pays 10.00% for year 1, 9.00% for year 2, 8.00% for year 3, 5.00% for year 4, and 4.00% for year 5, all with annual compounding. • Account 3 pays interest at the rate of 7.17490% per year for all 5 years. Based on the available balance at the end of year 5, which alternative is Charlie's best choice? No alternative is better than the others Year 5 Balance, Alternative 1: $ 126 Year 5 Balance, Alternative 2: $ 126 Year 5 Balance, Alternative 3: $ 126 Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +5.

A.Jenevive  who is in the 36 percent tax bracket can earn 9 percent annually on her investments in a tax-exempt IRA account (Individual Retirement). What will be the value of a one-time ₱10,000 investment in 5 years? 10 years? 20 years? (assume annual compounding interest)    Please answer immediately thank you :)

Omar was given $1,000,000 on his 2nd birthday. The money is put into an account that pays 4% compounded annually. If he takes the money in 50 equal annual payments with the first when he turns 30 years old, then what is the size of each?

Vanessa was supposed to make a payment of $3,500 in 2 years and another payment for $1,800 in 5 years to Loon Company as part of a payment plan. Instead, he is trying to reach an agreement with the company where he would pay an upfront amount now, and an amount of $1,600 in 4 years. Assume that money is worth 8.40% compounded quarterly. a. Calculate the equivalent value of the $3,500 payment and the $1,800 payment today. Round to the nearest cent b. Calculate the upfront amount that he should pay under the alternative payment agreement so that the payments are equivalent. Round to the nearest cent.

Abel wants to determine the amount of money he would obtain from the interest of PHP 2,000 at 16% compounded quarterly for 5 years. How much will she receive?

Ali deposits BD 2,500 in a savings account that pays interest at the rate of 5.5% per year, compounded annually. If all of the money is allowed to accumulate, how much money will the student have after 14 years?

Karl borrows P200,000 and agrees to pay the principal and interest by making equal payments at the end of every 6 months for 4 years. Find his semi annual payments if the lender charges 12% compounded semi annually.

Jeffery Johnson is saving $1,450,000 per year in a savings account that is paying annual compound interest of 6%.  He intends to continue this for three years after which he will move it to JMMB’s long term fund which pays interest of 8% per annum compounded semi-annually. i.          How much would he be able to transfer to JMMB after 3 years?   ii.         How much money will he have at the end of 8 years from today?

Hui deposits $800 at the end of every 3 months in an RRSP that is earning 5.10% compounded semi-annually. For the RRSP to accumulate to $33,000, calculate the following:   a. How many deposits will he have to make?   b. How long will he have to make these deposits? (Years & Months)

Jim has an annual income of $240,000.   Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowner’s insurance of $70.   Jim has $178 in monthly student loan payments.   Apple bank has a maximum front end DTI limit of 28% and a maximum back end DTI limit of 36%. Both limits must be satisfied.   Apple bank is offering a fully amortizing 30 year FRM at an annual rate of 4.5%, with monthly payments, compounded monthly.   What is the biggest loan Jim can get?