If you deposit OMR 20930 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years.
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: f you deposit OMR 20555 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Deposit amount (PV) = OMR 20,555 Annual interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4%…
Q: You need to turn $11,827 dollars into $18,864 dollars in 7 years. Assuming you make no extra…
A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per periodn = no. of compounding…
Q: future value of your money in 17 years.
A: Future Values: Future value is the value that will be increased or decreased after a particular…
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: A friend asks to borrow 455 form you and in return will pay you $58 in one year. If your bank is…
A: Present value = $55 Interest rate =6% Time =1 year So, Future value = Present value*(1+ interest…
Q: If you deposit $10,000 dollars into a savings account, what interest would you need to be earning to…
A: Working note:
Q: If you deposit OMR 8415 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Future value is the value of current asset or investment at a future date. Future value is…
Q: Suppose you want to have $2,000,000 in 45 years. Calculate how much you need to deposit per nonth in…
A: The present value is the value of the sum received at time 0. It is the current value of the sum…
Q: You have just remembered that four years ago you placed $1,000 in a bank account. If the bank was…
A: PV x (1+r)n=FV
Q: You borrow P3500 for one year from a friend at an interest rate of 1.5% per month instead of taking…
A: Answer 1: Calculation of the amount of money to be less by borrowing the money from the bank: Step…
Q: If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest…
A: future value = present value*(1+rate)^n future value = 8854*1.08^7
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 deposit in a bank $200 today, $250 a year from now, $150 in the second year and $300 in the…
A: Future value is the expected value of current sum in a future date at given interest rate.
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: Suppose you deposit $1000 into a savings account earns 2% and is compounded semiannually. If you…
A: Future value is the compounded value of a sum of money invested for a period of time at a specified…
Q: You plan to deposit into your bank account $100 two years from now, $200 three years from now and…
A: A bank provides interest on the amount deposited or invested. Therefore, the withdrawal will consist…
Q: If you deposit OMR 20555 in your account in a bank. Suppose the bank pays 8% compound interest…
A: We need to use future value formula given below to calculate future value of deposit FV =PV(1+i)n…
Q: Suppose you put $200 into a bank account at the annual interest rate of 7%. *Round your answer to…
A: In this we have to find the future value of given value.
Q: You decide to deposit $5000 in a bank account paying 3.5% interest. What is the value of your…
A: Value of saving in 1 year can be calculated using following formula FV = PV* (1 + r / n)nt Where,…
Q: If you deposit OMR 16830 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Amount of Deposit = OMR 16830 Interest Rate = 8% Years =5 Interest Rate half yearly (r)=8%/2 =4%…
Q: You want to deposit sufficient money today into a savings account so that you will have $1,000 in…
A: Calculate the present value of amount as follows: Present value 3.5%= Future value / (1+rate)^years…
Q: Suppose you will save P 3,000 at the end of every three months in a bank that pays 3% compounded…
A: Future value is the value of an asset or a current asset at a future date based on an assumed rate…
Q: If you deposit OMR 5000 in your account in a bank; if your bank pays 9.05% interest, how much will…
A: future value = present value *(1+rate)^n future value = 5000 * 1.090515
Q: Your goal is to accumulate $60,000 in seven years' time. What monthly deposit must you make into a…
A: Interest rate per month = 12%/12 = 1% per month Time period = 7 years * 12 = 84
Q: a. How much interest will you earn in the first year? b. How much interest will you earn in the…
A: Given, Deposit Amount (P)= $1,000 Interest Rate (r) = 8.25% Interest Amount = P(1+r)n-P Where, P…
Q: Alfredo wants to know how much he must put in a bank account today to have within 14 years an amount…
A: As per the information provided: Future value of the invested amount = $20,000 Time = 14 years…
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A: In the given question we need to compute the interest rate bank is paying.
Q: You put $250 in the bank for 5 years at 12% a. if interest is added at the end of the year, how…
A: Req-1 Beginning Balance Interest Amount Ending Balance (A) (B* 12%) (C) = (A+B) Year…
Q: account with an interest rate of 7.5% per year compounded monthly. You want to withdraw all your…
A: interest rate =7.5% monthly interest =7.5/12=0.625 Future value =Present value (1+i)n
Q: If you deposit $3,500 monthly into a savings account which earns 4.25% interest rate compounded…
A: The future value function or concept can be used to determine the future value of a present sum or…
Q: You want to be able to withdraw from a savings account $800 at the end of year 1, $900 at the end of…
A: present value formula: present value =future value1+ratetime
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A: The calculation is: Values in OMR
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A: The deposit required today is calculated as the present value.
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A: a) Let the initial amount = P Final amount = Double of the initial amount = 2P r = 5.5% per annum =…
Q: If you deposit OMR 8500 in your account in a bank. Suppose the bank pays 1.15% compound interest…
A: Future Value ( FV ) is the value of a present investment worth in the future. Given, Amount of…
Q: K Suppose you receive $500 at the end of each year for the next three years. a. If the interest rate…
A: Present value is the value right now of some amount of money in the future. Formula : PV = FV x…
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A: Compound interest is one of the ways that money invested earns interest. In compound interest, the…
Q: If you deposit $500 every 6 months for 7 years at an interest rate 20% compounded quarterly, how…
A: The amount at the end of 7 years is the future value of the semiannual deposits.
Q: If you deposit $20,000 in a bank account that pays 5% interest annually, how much will be in your…
A: The provided information are: Present value (PV) = $20,000 Rate of interest (r) = 5% = 0.05 Time…
Q: Say you barrowed $10,000 from a bank at 12% interest rate per year for a period of 10 years. How…
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A:
Q: Use the future value of an annuity due formula to calculate how much (in $) you would have in the…
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Q: A friend asks to borrow $51 from you and in return will pay you $54 in one year. If your bank is…
A: Given information: Present value is $51 Interest rate is 6.3% Number of years is 1
Q: How much would be in your savings account in 7 years after depositing $350 today if the bank pays 10…
A: To calculate the future value we will use the below formula Future value = P*(1+r)t Where P -…
Q: If you make monthly deposit of $2360 into your savings account for next 23 years what return rate…
A: Using excel Rate function
If you deposit OMR 20930 in your account in a bank. Suppose the bank pays 8%
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- You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.If you deposit OMR 28416 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years. Select one: a. All the given choices are not correct b. 34572.33 c. 42062.50 d. 41751.63 e. 61347.30If you deposit OMR 24184 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years. Select one: O a. 52210.84 O b. 35798.12 OC All the given choices are not correct O d. 29423.46 O e. 35533.55
- If you deposit OMR 29173 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years. O a. 42863.89 O b. 62981.59 O C. All the given choices are not correct O d. 43183.04 O e. 35493.33If you deposit OMR 19500 in your account in a bank; suppose the bank pays 6.15% compound interest yearly. Calculate future value of your money in 15 years. Select one: a. 49085.53 b. 47734.74 c. None of the option d. 51561.92 e. 50902.18If you deposit OMR 19500 in your account in a bank; suppose the bank pays 16.15% compound interest monthly. Calculate future value of your money in 5 years. Select one: a. 49376.99 b. None of the option c. 216319.80 d. 219545.18 e. 219554.81
- If you deposit OMR 8500 in your account in a bank. Suppose the bank pays 1.15% compound interest half yearly. Calculate future value of your money in 9 years. Select one: a. 9424.09 b. None of the options c. 1424.09 d. 3424.09 e. 6424.09S You deposit $1,200 in your bank account. a. If the bank pays 5% simple interest, how much will you accumulate in your account after 8 years? Future value Saved b. How much will you accumulate if the bank pays compound interest? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Future value M Question 7A friend asks to borrow $48 from you and return will pay you $51 in one year. If your bank is offering a 6.5% interest rate on deposits and loans: a. How much would you have in one year if you deposited the $48 instead? b. How much money could you borrow today if you pay the bank $51 in one year? c. Should you loan the money to your friend or deposit it in the bank? D
- Do the relevant calculations so you can indicate which you prefer: a bank account that pays 5.8% per year (EAR) for 3 years or a. an account that pays 2.6% every 6 months for 3 years? b. an account that pays 7.6% every 18 months for 3 years? c. an account that pays 0.58% per month for 3 years? (Note: Compare your current bank EAR with each of the three alternative accounts. Be careful not to round any intermediate steps less than six decimal places.) If you deposit $1 into a bank account that pays 5.8% per year for three years, the amount you will receive after three years is $ (Round to five decimal places.)A friend asks to borrow $53.00 from you and in return will pay you $56.00 in one year. If your bank is offering a 5.7% interest rate on deposits and loans: a. How much would you have in one year if you deposited the $53.00 instead? b. How much money could you borrow today if you pay the bank $56.00 in one year? c. Should you loan the money to your friend or deposit it in the bank? a. How much would you have in one year if you deposited the $53.00 instead? If you deposit the $53.00 in the bank today, you will have $ in one year. (Round to the nearest cent.)A friend asks to borrow $54 from you and in return will pay you $57 in one year. If your bank is offering a 5.7% interest rate on deposits and loans: a. How much would you have in one year if you deposited the $54 instead? b. How much money could you borrow today if you pay the bank $57 in one year? c. Should you loan the money to your friend or deposit it in the bank? a. How much would you have in one year if you deposited the $54 instead? If you deposit the money in the bank today you will have $ in one year. (Round to the nearest cent.)