Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously. If $10,000 is invested in this CD, how long will it take for the account to be worth $11,154?  Round to the nearest tenth of a year. ____years

Q: A 20 year loan of $100, 000 at i = 6% is paid off by paying 125% of each year’s interest at the end…

A: Term of Loan20yearsLoan amount100000Interest rate6%

Q: the bingo bank is paying 9% interest compounded monthly .a) if you deposit 1000 at the beginning of…

A: The future value of annuity due is the total future value of each cash flow which is made at the…

Q: Assume you make 10 equal annual deposits of $2000 into an account paying 12% per year. How much is…

A: Periodic payments can be made monthly, quarterly, half-yearly or annually. In the given question,…

Q: You want to have $15,000,000 in an account exactly 25 years from today. You will make equal…

A: First we need to calculate future value of annuity by using equation below. Where FV= future value…

Q: If you deposit RM15,000 in an account earning 12%, how much would you have in the amount after 15…

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

Q: Assume you placed RM25,000 in a savings account that pays an annual compound interest of 8% for 3…

A: Solution: With the Time value of money concept (Future value) we will be calculating amount of money…

Q: a) A man has invested $5350 in a savings account that pays 12% simple interest. How long will it…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: You deposit $2000 in an account earning 3% interest compounded monthly. How much will you have in…

A: If the interest rate is compounded monthly, then amount can be calculated as below. Amount =…

Q: If you deposit RM25,000 in an account earning 16% with quarterly compounding, how much would you…

A: Amount of Deposit = RM 25,000 Interest Rate = 16% per annum Quartery interest Rate(r) = 16%/4 = 4%…

Q: Assume you make 10 equal annual deposits of $2000 into an account paying 8% per year. How much is in…

A: The amount available 6 years after the last deposit will be the future value of this annuity.

Q: how many years your money will be doubled?

A: answer :- c) n= 6.12 years given  present value PV= 10000 rate r=12% future value FV = 2*10000 =…

Q: You will receive $1,000 forever starting from the end of next year. The account pays  10% compounded…

A: The PV of an investment refers to the combined worth of the cash flows of the investment after they…

Q: If P30,000.00 is deposited each year for 10 years, how much annuity can a person get annually from…

A: Amount deposited each year for 10 years is P30,000 Cost of monry is 14% Total number of withdrawals…

Q: You will deposit $2,000 per year for the next 10 years. Then, you will start drawing money out of…

A: Future value is the value of the present cash flows in future. Investor will deposit same equal…

Q: If for the next 40 years you place $3,000 in equal year-end-deposits into an account earning 8% per…

A: The amount of $3,000 that is being placed in equal year end deposits is an annuity. The amount that…

Q: How many years will it take to save $100000 if you place $1900 per month in an account that earns 4%…

A: Time value of money refers to the concept that money available today is worth more than the same…

Q: You deposit $4000 in an account earning 3% interest compounded monthly. How much will you have in…

A: The amount after 10 years will be the future value of the initial deposit.

Q: f K40, 000 is deposited at the end of each half year in an account that earns 6.2%  compounded…

A: Comment - Multiple Questions Asked Interest  It is the amount that the borrower must pay in order to…

Q: How much would you need to deposit in an account now in order to have $6,000 in the account in 8…

A: In order to solve this question one has to solve for the present value to know how much to save into…

Q: A bank projects that the value of an account they hold will be $2, 000, 000 in 5 years. If the…

A: Future value (FV) = $2,000,000 Period (t) = 5 Years Interest rate (r) = 5% Mathematics constant (e)…

Q: You deposit $1,000 in an account earning 9.3% interest compounded daily . How much will you have in…

A: Future value refers to the monetary value of an investment at a specified future date. It is the…

Q: What amount of money must invert in a bank that pay the 25 % annual, capitalizable monthly, with the…

A: Given: Value of money at the end (FV) = $3,000,000 Annual interest rate = 25% Compounding periods…

Q: Assuming an interest rate of 10%, how much (rounded to nearest dollar) will need to be deposited in…

A: Annual deposit = Accumulated saving at the end of 8th year / Future value factor at 10%, 8 years

Q: How much money deposited at the end of each year in a savings account that pays 9 % per year ,…

A: An annuity is a series of regular payments made at regular intervals. It earns interest as and when…

Q: If for the next 30 years you place $2,000 in equal year-end-deposits into an account earning 5% per…

A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…

Q: A bank pays 6% interest, compounded semiannuall formula to find how much should be deposited (in $…

A: Given, Interest rate = 6% or 0.06 Annual payment (A) = $700 Number of years = 16 years

Q: An ambitious saver plans to deposit $1,000 in a bank account starting 1 quarter from now and wants…

A: Future value : Future value is the value of a current asset at a future date based on a projected…

Q: You put $1,000 into a savings account today that offers a 55% APR with semi-annual compounding…

A: GIVEN, PV = $1000 N = 2 M = 2 (SEMI ANNUAL) R=55%

Q: 2. You deposit P25,000 annually for 6 years on an investment that has a rate of return of 5.2% per…

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

Q: A person buys a piece of lot for Php 107203 down payment and 10 deferred semi-annual payments of P…

A: The value of a cash flow which will occur at the future date at the current date is known as its…

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

A: FV is the future value (in this case, $10,000),P is the monthly deposit,r is the monthly interest…

Q: If P30,000 is deposited each year for 9 years. How much annuity can a person get annually from the…

A: An annuity refers to a fixed amount or stream of payments or deposits made. Therefore, it helps in…

Q: FlybynightSavings.com is offering a savings account that pays 32% compounded continuously. How much…

A: When the number of compounding periods is infinite in continuous compounding. Therefore continuous…

Q: A bank offers and investment account that has an annual interst rate of 9.9%, compounded quarterly.…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: A $2 million deposit earns 7 percent for 13 years. If the account earns 9 percent per year forever…

A: TVM refers to the capacity of money to earn interest because money earned earlier is considered more…

Q: If $20,000 is set aside for 4 years after 16 years. Uniform deposits starting 3 years from now and…

A: Annuity means finite no. of payments which are same in size and made in equal intervals. There are…

Q: In how many years will it take $17804accumulate to $33482 when you deposited in a savings account…

A:

Q: Supposed that P2,000 is deposited each year , on a continues basis into a savings account that pays…

A: Annual deposit (P) = P2000 Interest rate = 6% Mathematics constant (e) =…

Stock Market Indices

Stock indexes are used to compare the price fluctuations of a group of stocks of similar companies, which are combined based on a similar industry or a particular market capitalization limit or type of market. The price comparison is based on a pre-determined standard method or indicators. These stock indexes are usually considered a base for comparison of a particular stock, and the performance of that particular company can be easily determined.