$600.00 was invested in a bank for 5 years. When the deposit was made, the bank was paying the 14% capitalizable each quarter. Three and a half years later, the rate changed to 12.2% capitalizable each month. Calculate the amount at the end of the five years.

Q: Standard Chartered Bank Berhad pays 7 percent annual interest on its fixed deposit account, whereas…

A: Deposit = 5000   Standard Chartered Bank Annual Rate = 7% Time Period (N) = 8 years   UOB Bank…

Q: Deposits are made at the end of years 1 through 7 into an account paying 6% per year interest. The…

A: Future value  is the worth of any asset or any sum of money at a future date when such asset or…

Q: Assume $300 is deposited every three years into an account earning an annual effective interest rate…

A: A sum of money is worth more now than it will be at a later time due to its potential for profits in…

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: A company borrowed $100,000 from a local bank. The loan requires 10 equal annual payments beginning…

A: An annuity is a succession of payments used to cover or reimburse a one-time expenditure. Using the…

Q: A depositor opens a new savings account with 8,000 at 8% compounded semiannually. At the beginning…

A: The concept of time value of money will be applied here. We have to find the amount at the end of…

Q: You deposit 2,000 in an account that pays 7% interest compounded semiannually.after two years the…

A: The concept of time value of money will be used here. Money deposited today gets computed and hence…

Q: You put $859 in the bank for 5 years at 10%. If interest is added at the end of the year, how much…

A: Lets understand the basics. Interest can be of two types which are, (1) Simple interest  (2)…

Q: 1) A company deposits $5000 in a bank at the end of every year for 20 years. The company withdraws…

A: The series of payments is considered an annuity. The annual deposits will increase the value of the…

Q: An account pays 4 percent interest (yearly effective). 10,000 dollars is deposited into that account…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: An engineer deposits $1,000 in a savings account. Four years after the deposit, half of the account…

A: Future value of Annuity: It represents the future worth of the investment annuity cash flows.…

Q: Ten thousand pesos (Php 10,000) is placed in a time deposit at the end of each year for 9 years.…

A: Time has been precious in all perspectives, however in terms of finance, time has a monetary value.…

Q: If ₱17,000 is deposited at the end of each year for 16 years in a bank that give 7% interest per…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: An investor makes 10 consecutive annual deposits of S.R. 1,500,000 in a saving account that pays…

A: Future Value (FV) is a financial concept that represents the projected worth of a sum of money at a…

Q: $7000 are invested in a bank account at an interest rate of 6 percent per year. Find the amount in…

A: Here,

Q: A bank offers an investment account that has an annual interst rate of 9.9%, compounded quarterly.…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: Bank 1 is offering interest rate of 8.4%(compounds semiannually) on fixed deposits. Bank2 is…

A: The effective annual rate is the actual return earned over a year after accounting for the number of…

Q: You borrowed $5,646 from a bank, which charges 7.8% interest per year. How much interest did you owe…

A: Principal amount (P)= $5,646 Interest rate (R)= 7.8% per year Time period (T)= 1 year

Q: In three years, a person will begin making quarterly deposits of $45 in an account that pays 10%;…

A: Annuity refers to series of annual payment which are paid or received at start or end of specific…

Q: First City Bank pays 7 percent simple interest on its savings account balances, whereas Second City…

A: 1. Future value in case of account earning simple interest.FV =  A +IwhereFV = future valueA =…

Q: use the appropriate formula to find the future value (in $) of $500 dollars deposited at the…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: An initial deposit of $9000 is made into an account now, and a second deposit of $21000 is made into…

A: Compounding frequency is the number of times a sum of money earns a quoted nominal interest in a…

Q: If the interest is deposited into a non interest bearing account B, what is the balance in account B…

A: The first investment is effectively a payout annuity where the interest amount is withdrawn each…

Q: Five years ago, $12, 000 was deposited into a savings account that provides an interest of 6.5%…

A: A savings account is a deposit account opened with banks and other financial institutions. The…

Q: how, secol deposit ears. During the first 10 years, the account earns interest quoted at 10 years…

A: In this future value of investment is to be calcualted.

Q: Velma deposits $2,534 at the end of each quarter, increasing the deposit by $147 per quarter. How…

A: The timing of cash flow is taken into account by discounting them. This is partly due to the effect…

Q: A company deposits $2.000 In a bank account at the end of every year for 10 years. If the bank pays…

A: The future value of annuity is the accumulated value of regular deposits at a given interest rate.…

Q: Twenty-five thousand dollars is deposited in a bank trust account that pays 3% interest, compounded…

A: Formula to calculate annual withdrawal is: W = A(F/A, i, n)

Q: A depositor opens a new savings account with $4000 at 6% compounded semiannually. At the beginning…

A: The FV of an investment refers to the total value of its cash flows at a fixed future date assuming…

Q: A depositor open a new savings account with $6000 at 5% compounded semiannually. At the end of 4…

A: Information provided: Initial investment "P"= $6000 Investment at the end of 4 years "P1"=$7000…

Q: At the start of this year, $10,000 was deposited into an account that earns an effective annual…

A: The FV of the payment series refers to the value of the cash flows at a fixed future date assuming…

Q: Find the final amount of money in an account if $8,900 is deposited at 7% interest compounded…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: $400 is deposited at the end of each month for eight years. For the first five years, the rate is 3%…

A: Deposit : 400 End of each month Total Time Period = 8 years * 12 = 96 months Interest Rate for first…

Q: 1.A person deposited Rs.5000 at the end of six months in each of the next five years. The bank…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Person A deposits $ 1,000 in a bank account at the beginning of each year for 15 years. If the…

A: Future Value(FV) is worth of current amount at future point that is computed by compounding current…

Q: Nancy deposits $7,000 into an account that credits interest at the end of each year. The effective…

A: FV  = A * (1+r)n where , FV = future value A =  Amount deposited r = interest rate n =time period.

Q: A bank offers and investment account that has an annual interst rate of 9.9%, compounded quarterly.…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.