If you deposited sum of 200 JOD at the beginning of each month for 20 Years at an annual interest rate of 12%. What are the present and future values of these deposits?
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The following information relates to the number cases to be solved by using financial functions:
- If you deposited sum of 200 JOD at the beginning of each month for 20 Years at an annual interest rate of 12%. What are the present and future values of these deposits?
- If the annual interest rate is 6%, what is the monthly payment to be invested at the beginning of each month for a period of 20 years to save the amount of 100000 JOD?
- Salem invested 120000 JOD for 10 years and the total value of this investment have reached to 195467 JOD, what is the annual interest rate for this investment.
Required:
Create a new worksheet “Q2”and formulate it to be suitable then use the necessary financial functions to resolve the previous examples.
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- You put $250 in the bank for S years at 12%. 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 fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.Suppose you receive $100 at the end of each year for the next three years. a. If the interest rate is 8%, what is the present value of these cash flows? b. What is the future value in three years of the present value you computed in (a)? c. Suppose you deposit the cash flows in a bank account that pays 8% interest per year. What is the balance in the account at the end of each of the next three years (after your deposit is made)? How does the final bank balance compare with your answer in (b)? a. If the interest rate is 8%, what is the present value of these cash flows? The present value of these cash flows is $ |. (Round to the nearest cent.) b. What is the future value in three years of the present value you computed in (a)? The future value in three years is $ (Round to the nearest cent.) c. Suppose you deposit the cash flows in a bank account that pays 8% interest per year. What is the balance in the account at the end of each of the next three years (after your deposit is made)?…Suppose you receive $100 at the end of each year for the next 3 years. a) if the interest rate is 8%, what is the present value of the cash flows? b) what is the future value in 3 years of the present value you compute in a? c) suppose you deposit the cash flows in a bank account that pays 8% interest in a year. What is the balance in the account at the end of each of the nest 3 years (after your deposit is made)? How does the final bank balance compare with your answer in b?
- A chemical engineer wants to deposit an amount now such that she can withdraw an equal annual amount of S3000 per vear for the first 5 vears, starting 1 year after the deposit, and a different annual withdrawal of $2000 per year for the following 3 years. How would the cash flow diagram appear if the account earns rate of interest of 8.59% per year. Determine the amount of initial deposit made by the engineer after writing the initial set up equation for the cash flow. What is the present worth of equal annual amounts deposited for the first five years based on your calculationsAnswer the given question with a proper explanation and step-by-step solution. What lump sum of money must be deposited into a bank account at the present time so that $6000 per year can be withdrawn for nine years, with the first withdrawal to start five years from today? The interest rate is 8% per year.1. Suppose Glenn invested P10,000 for 5 years with simple annual interest of 10%. What is the future value of this investment? 2. Deposit the principal amount of P10,000 into a savings account that pays interest at the rate of 5%. What is the amount in the account after 1 year if the account is: a. compounded annually b. compounded semi-annually c. compounded quarterly d. compounded monthly e. Which is advantageous to the investor? 3. A four-year ordinary annuity has a present value of P10,000. If the interest rate is 5% per annum, how much is the amount of the annuity payment? 4. Find the present value of a deferred annuity of P4,800 every six months for 7 years, if the first payment is made in 4 years, and the money is worth 5.5% compounded semi-annually. 5. A loan is 6 Semi-annual payments of P4,500 are to be made to pay for a loan at 5.5% compounded semi-annualy. Find the value of the loan.
- Suppose that $10,000 is deposited into a saving account that earns 6% interest, compounded annually.a) Assuming that no additional deposits or withdrawals are made, use the appropriate compound interestfactors to determine how much the account will be worth:i) After 5 years;ii) After 20 years. b) Verify that your answers in part (a) are correct by constructing a table or spreadsheet that shows howthe initial deposit will grow each year over 20 years. At a minimum, your table or spreadsheet shouldinclude a row for each year and show: the amount of money in the savings account at the start of each year. the amount of interest earned each year; and the amount of money in the savings account at the end of each year, after interest is paid.Be sure to briefly explain how your table or spreadsheet verifies your results from part (a). c) Again assuming that no additional deposits or withdrawals are made, how many years will it take untilthere is at least $50,000 in the account?Suppose that a person deposits $500 in a savings account at the end of each year, starting now, for the next 12 years. If the bank pays 8% per year, compounded annually, how much money will accumulate by the end of the 12-year period? Repeat Problem for an interest rate of 6.25% per year, compounded annually?Ian deposits $1200 into a savings account that earns 4% per year, simple interest.a) Write an equation to relate the amount of the investment, A, to time, t, in years.b) Graph the function.c) How long will it take, to the nearest month, for the investment to grow to $1500?
- Find the interest rate for a $9500 deposit accumulating to $11,768, compounded annually for 9 years? And how do you calculate the answer on a scientific calculator?If 8000 dollars is invested in a bank account at an interest rate of 7 per cent per year, Find the amount in the bank after 15 years if interest is compounded annually: Find the amount in the bank after 15 years if interest is compounded quarterly: Find the amount in the bank after 15 years if interest is compounded monthly: Finally, find the amount in the bank after 15 years if interest is compounded continuously: Check AnswerSuppose that you deposit $7000 in a savings account that pays 4% annual interest, with interest credited to the account at the end of each year. Assuming that no withdrawals are made, complete the following: a. Find the balance in the account after 5 years. b. Find the balance of the account after 9 years and 10 months.