If you put $1,000 in a bank account earning 3% compounded annually, and keep it in the account for two years, how much will you have at the end of two years? (Do not round off your answer.)

Your future company has purchased a machine and has entered into a contract that requires the company to pay $2000 each year for the upgrade of machine components at the end of years 6, 7, and 8. In anticipation of the upgrade cost, your company has decided to deposit equal amounts ( X ) at the end of each year for five years in a row in an account that pays i = 6% . The first deposit is made at the end of the first year. What is the value of X?

If P500,000 is deposited at a rate of 11.25% compounded monthly, determine the compounded interest after 7 years and 9 months.

Solve for each problems. Show your solution legible and neatly. Write the question, the given(also what is the given?), what to find and a cash flow diagram. Answers should be in 2 decimal places, unless stated otherwise. Solution should be hand-written. Question can be hand-written or type-written. Answer should be in 2 decimal places.   21. If the nominal interest rate is 3% of P5,000, how much worth in 15 years continuously compounded account? 22. You deposited $15,000 in a savings account five years ago. The account has earned 5.25% interest compounded continuously since then. How much money is in the account today? 23. A young engineer wants to surprise her husband with a European vacation for their tenth anniversary, which is five years from now. She determine that the trip will cost $7,000. Assuming an interest rate of 5.5% compounded daily, approximately how much money does she need to deposit today for the trip? 24. Mr. Ayala borrows P1,000. In 4 years, the money become P2,500…

A businessman borrowed P200,000 with interest at the rate of 4.5% compounded semi annually. He agrees to discharge his obligation by paying a series of 9 equal semi-annual  payments, the first being due at the end of 4.3 years. Find the semi-annual payment. Express your answer in whole number.

9. A cash flow has the following income values: $100 at end of year 2, $200 at end of year 3, $300 at end of year 4, $500 at end of year 6, and $600 at end of year 7. Solve for the present value, P, of the cash flows by using only two interest factors. The interest rate is 11% per year.

Matthew's investment in her savings account matured to $5,892.79 at the end of 80 days. If the account was earning simple interest at a rate of 1.70% p.a., answer the following. a. What was Matthew's initial investment? Round to the nearest cent b. How much interest did Matthew earn? Round to the nearest cent

Q.5 A construction engineer invests a sum of $10 000 in a bank at a nominal interest rate of 16% for 10 years. The compounding is quarterly. Find the maturity amount of the deposit after 10 years?