If you deposit OMR 28252 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. 41510.66 b. All the given choices are not correct c. 60993.24 d. 41819.74 e. 34372.80

Q: You plan to deposit $6,000 at the end of each of the next 25 years Into an account paying 10.3…

A: Perodic Payment(PMT) is $6,000 Per Year Interest rate is 10.3% Time Period 25 years & 50 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: 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: How much money do you need to deposit in a bank account now so that you can withdraw $10,000 every 4…

A: Present value is the current value of the future sum of money, at a specified rate of return. The…

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: If you need to withdraw $5,000 a year for years 1 - 8 and the required rate of return is 9%, how…

A: INFORMATION: RATE 9% YEARS 8 PMT (MONTHLY WITHDRAW) $5,000 FUTURE VALUE $0

Q: client deposits $5 million in a savings account that pays 5 percent per year compounded quarterly.…

A: The given problem can be solved using FV function in excel. FV function computes amount value in…

Q: How much would be in your savings account in seven years after depositing S290 today if the bank…

A: Future value is the value of current cashflow compounded at specified rate to future date. formula:…

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 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: How much (in $) would the account be worth after 10 years?

A: Note: Since you have posted a question with multiple sub-parts, we will solve the first three…

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: 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: As part of your retirement plan, you have decided to deposit $9,000 at the beginning of each year…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub- parts…

Q: If you deposit $5,000 in a bank account that pays 6% interest annually, how much will be in your…

A: We need to use the concept of time value of money to solve the question. According to the concept of…

Q: You plan to deposit $4,900 at the end of each of the next 15 years into an account paying 11.3…

A: Solution- Given that P=$4900 r=11.3% n=15 years Future value of Annuity- =P * [ (1+r)^n -1] /r

Q: As part of your retirement plan, you have decided to deposit $9,000 at the beginning of each year…

A: Note:- “Since you have asked multiple questions, we will solve the first question for you. If you…

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: You would Ilike to have $59,000 in 5 years for the down payment on a new house following graduation…

A: Note: No intermediate rounding is done, only the answer is rounded off to nearest whole number.a)…

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: 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: As part of your retirement plan, you have decided to deposit $6,000 at the beginning of each year…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: you wish to have $60,000 in 8 years how much do you need to deposit in the bank today if the account…

A: Formula: Present value = Future value / ( 1 + r )N R = Rate of interest  N = Time period.

Q: If you want to have $22,431 in fifteen years, how much do you need to deposit in a bank account…

A: The deposit required to be made today can be calculated as the present value

Q: A friend asks to borrow $45 from you and in return will pay you $48 in one year. If your bank is…

A: If you deposit amount in a bank, you will reccive interest on such depoisit. Hence your money after…

Q: Your bank pays 8% interest, compounded annually. Use the appropriate formula to find how much you…

A: Given, Interest rate (r) =8% Annuity payment (A) = $700 Time (n) = 8

Q: Suppose that you wish to buy a new home that will cost you $476,301. You must put $80,000 down, and…

A: Negative amortization is where the principal to be paid increases due to non payment of interest due…

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: As part of your retirement plan, you have decided to deposit $9,000 at the beginning of each year…

A: Since you have asked a question with multiple sub-parts, we will solve the first three questions for…

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 deposit k1000 in your bank account if the bank pays 4% simple interest,How much will you…

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

Q: Suppose for an annuity due, you want to have S30,000 in the bank after 20 years. Assuming you make…

A: Time value of money is a concept that helps in determining the value of future cash flows…

Q: How much would be in your savings account in 9 years after depositing $190 today if the bank pays 9…

A: Deposit amount (P) = $190 Interest rate (r) = 9% Period (n) = 9 Years

Q: You put 8,293 in the bank for 11 years at 5% what factor would you use to calcuate the future value…

A: Formula future value = present value x (1 + interest rate)^n Present value = 8,293 Interest rate =…

Q: You plan to deposit $300 at the end of every year for 12 years starting at the end of year 1. Then…

A: Solution 3: The problem related to future value of annuity. Future value of an annuity is the future…

Q: You plan to deposit $700 in a bank account now and $900 at the end of one year. If the account earns…

A: Simple interest is a method of calculating the percentage of interest paid on a sum over a defined…

Q: You intend to accumulate RM5,713 in a bank savings account,4 years from now. How much savings must…

A: Future value = RM 5713 Period = 4 Years Annual interest rate = 10%

Q: A person would want to have K143.33 in 4 years time by depositing a single cash of K100 in a bank…

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: You are considering investing $8,500 in a bank term deposit for 5 years. The term deposit will pay…

A: Whenever we make investment with bank or any financial institution, then they provide us interest…

Q: Say you barrowed $10,000 from a bank at 12% interest rate per year for a period of 10 years. How…

A: Borrowed amount is $10,000 Interest rate is 12% Time period is 10 years   To Find: Amount after 10…

Q: You have $20,000 that you put on deposit on your 30th birthday at 5% compounded annually. On your…

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

Q: If you deposit $3,000 in a bank account that pays 12% interest annually, how much will be in your…

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

Q: A man wants to recieve P800 immediately and pay it back in one year. The bank charges a simple…

A: Borrowings/Mortgage are the loan which is taken by the individual to meet its financial…

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: 4. You plan to deposit P2, 500 in the bank now and another P2, 500 after 2 years. After four years…

A: Deposit in year n = Dn Withdrawal in year n = Wn D0 = P 2500 D2 = P 2500 W6 = P 6500 We need to find…