If you deposit in a bank $200 today, $250 a year from now, $150 in the second year and $300 in the third year, how much you find in your banj account in the 3rd year if the interest is 10%?

Q: If you deposit OMR 8141 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: Given information: Deposit (Present value) : OMR 8141 Rate of interest : 8% Time Period : 5 years…

Q: Your bank pays 2.3% interest per year. You put $1.100 in the bank today and $500 more in the bank in…

A: Year 0 Deposit = $1,100 Year 1 Deposit = $500 Interest rate = 0.023 Amount in the bank in 2 years =…

Q: How much money will be in a bank account at the end of 15 years if $100 is deposi ted today and the…

A: Following details are given in the question : Deposit today (Present value) = $100 Time period = 15…

Q: ose you deposit $100,000 in an account today that pays 6% interest, comp ally. How long does it take…

A: The given problem can be solved using NPER function in excel. NPER function computes no. of years/…

Q: If you deposited $5000 in a bank that offers 12% annual interest rate, if the bank compounds the…

A: Deposit=5000Annual interest rate=12%Number of years=5years

Q: Suppose you lend ​$11,500 to a friend at an APR of 10.00​%. Your friend will pay you back beginning…

A: The periodic payment can be made monthly, quarterly, semi-annually or annually. Periodic payment is…

Q: A friend asks to borrow $47 from you and in return will pay you $50 in one year. If your bank is…

A: The present value of money is the discounted value of future cash flows. The future value is the…

Q: Give me correct answer with explanation

A: The problem is asking us to find the future value of an investment. The future value is the amount…

Q: If you deposit OMR 20930 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: When interest is compounded multiple times in a year: Future value = Present value *(1+r/m)n*m  r is…

Q: Interest rates are 10%. Suppose you deposit the PV (present value) of a 7 year, $5000 annuity in the…

A: An annuity is a cash flow that occurs in each period and the amount is fixed or constant.   In this…

Q: If you deposit $100 in a savings account at the end of each month for 2 years, the balance will be a…

A: Ordinary Annuity means a series of equal payments that are made over a fixed length of time at the…

Q: 1. You deposit NOK 250,000 in a savings account. The bank offers 0.25% nominal annual interest rate.…

A: Future Value(FV) is value of current amount at future point of time. FV is computed by compounding…

Q: A friend asks to borrow $53.00 from you and in return will pay you $56.00 in one year. If your bank…

A: Present value refers to the discounted value of future cash flows.future value is the compounded…

Q: A friend asks to borrow $50 from you and in return will pay you $53 in one year. If your bank is…

A: Given:

Q: If you want to have $60.000 in 8 years, how much do you need to deposit in the bank today if the…

A: Deposit required today = FV/(1+r)n Where FV - Future value = $60,000 r - Interest rate = 9% n -…

Q: What will be the final balance at the end of year 23 if you make a deposit of 88,000 at the end of…

A: Future values refer to the concept of determining the future worth of current money deposits.

Q: Your credit card carries a 23.99%interest rate. You want to pay off your balance of $8700 with equal…

A: When someone needs money to make a purchase, to cover an unexpected expense, such as a medical…

Q: If you deposit money today in an account that pays 3.4% annual interest, how long will it take to…

A: Given information: Let us suppose the present value is $1,The interest rate is 3.4%Future value is…

Q: How much money should you deposit every year in your savings account starting 3 years from now at 7…

A: We will use the concept of time value of money here. As per the concept of time value of money the…

Q: You have $400 and a bank is offering 3.5% interest on deposits. If you deposit the money in the…

A: The FV of an asset is the value that the asset acquires assuming that it grows at a fixed rate for a…

Q: mpounded monthly. You plan to put $1,000 per year over the next 2 years as well.  How much will you…

A: To determine the value of the bank account, we need to determine the effective annual rate given the…

Q: If you deposit $500 in a bank account today that earns 3% interest and you deposit $20 per month…

A: Option 1: Deposit $ 500 now Future Value = Present Value*(1+ Interest rate)n Solved using Financial…

Q: You have $300 and a bank is offering 5.5% interest on deposits. If you deposit the money in the…

A: FV = PV * (1 + r)^nWhere FV = Future ValuePV = Present Value = $300r = rate of interest = 5.5%n =…

Q: Suppose you need to hand $52,569 in an account 25 years from today and that account pays 6%. How…

A: Future vaue =52569Interest rate=6%

Q: Suppose your bank account will be worth $4,200.00 in one year. The interest rate (discount rate)…

A: Present value is the present worth of any sum of money to be received in the future at a specified…

Q: Suppose that today you start a savings account with a deposit of $75, and continue to invest $75 at…

A: Future value  The value of a current asset at some point in the future, based on an estimated growth…

Q: If bank offers you to double your money in 12 years, what is the interest rate that it gives?

A: Given, Number of years 12.

Q: Suppose you deposit $380 today, $565 in one year, and $929 in two years in an account that pays an…

A: We need to calculate future value here:It has formula, FV = PV * (1+r)^nwhere, PV is present valuer…

Q: You want to have $67,000 in your savings account 10 years from now, and you're prepared to make…

A: Payment per period is the regular payments made or received of an investment, while future value is…

Q: You plan to deposit $500 in a bank account now and $600 at the end of the year. If the account…

A: Solution: The amount in account after second deposit will be the future value of first deposit and…

Q: How much should you deposit now into a certificate of deposit (CD) at a bank, if the CD matures 10…

A: To calculate the principal amount deposit in the bank , we have to use the following formula : A = P…

Q: If you deposit the money in the bank, how much will you have in one year?

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

Q: You put $6,150 in the bank for 15 years at 5%. Using the Future Value of 1 Table, what factor would…

A: Future Value is known as Terminal Value. The accrued amount of FVn  on principal amount after n…

Q: Suppose you have $8,675,309 to deposit into a savings account for one year. The bank lets you choose…

A: Here Investor has $8,675,309 to deposit for 1 year @ 12% in two options: Compounded annually…

Q: Suppose I secure a simple interest note for $4500.  The length of the note is 102 months and the…

A: Interest = Principal * rate * time  Interest = $4500 * 6.20% * 102 /12 Interest = $2,371.50

Q: from

A: The Amount must be find out. Interest Received = A (Amount) - P (Principal) Given P =$10500, A=?, R…

Q: You have a unique account in your local bank How much will you have in your account in 14 years?

A: Given:  Present value = $7,000  Interest rate for 4 years = 5.5%  Interest rate for next 3 years =…

Q: If you want to have $22,327 in fifteen years, how much do you need to deposit in a bank account…

A: The deposit required today is calculated as the present value.

Q: You want to have $10000 in five years.  How much should you deposit today if the bank pays 4%…

A: $10000 in 5 Years  That is 5*12 months = 60 Months (n) Interest rate 4% annual compounded monthly…

Q: You open a bank account, making a deposit of $300 now and deposit of $1000 every other year (the…

A: Amount deposit now for 10 years = 300 Amount deposited every year from & at the end of 2nd year…

Q: You plan to deposit $500 in a bank acoount now and $300 at the end of the year f the account eams S%…

A: The conceptual formula used:

Q: You deposit $296 today into a bank account that earns 12% annually.  How much will be in your…

A:

Q: A friend asks to borrow $54 from you and in return will pay you $57 in one year. If your bank is…

A: Present value refers to the discounted value of future cash flows.future value is the compounded…