Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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NOTE: PLEASE STRICTLY CHOOSE FROM THE FORMULA ATTACHED. DONT USE EXCEL!
8. Mrs. Dimayuga deposits P12,000 in a savings account on March 30, 2006. Six months later, she deposited P6,000. If the bank credits at 12% compounded quarterly and no withdrawal has been made, how much is her money on December 30, 2012?
9. Mrs. Delos santos has P75,000. 1/3 of it was invested at 18% compounded semi-annually. 1/4 of the remaining amount was invested at 12% compounded quarterly, and the remaining amount was invested at 12% compounded monthly. Find her total investment in 6 years.
10. Find the compound amount and interest of P29,700 invested for 6 years and 9 months at 18% compounded monthly.
Transcribed Image Text:Please use this following Formula b
FV = PV XTI
FV = pv (1+i)"
PV = FV
(1+1)"
n
PV = FVXT₂
No.
DATE
Transcribed Image Text:Note: 1. For the Computation of Praesent Value
Using the Formula:
a. P = F
(₁+i)n)
* Use the Finiture Value
Table, then divide
by the amound (F)
n
b. P=F((1+i) - Y
to Use the Present
Value Table, then
multiply by (F)
симания
2. For Future Value
n
F = P(₁+i)"
Ok
Yong
Table sa
Book
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- 2. When you were born, your dear old Aunt MsRahat promised to deposit Rs2700 in asavings account for you on each and everye of your birthdays, beginning with yourfirst. The savings account bears a 6 percentcompound annual rate of interest. You havejust turned 30 and want all the cash. However,it turns out that dear old (forgetful) Aunt MsRahat made no deposits on your eighth,eighteenth, twenty second and twenty seventhbirthdays. How much is in the account nowon your thirtieth birthday?3. Sales of the Master Company were Rs.350,000 this year, and they are expected togrow at a compound rate of 15 percent for thenext ninth years. What will be the sales figureat the end of each of the next ninth years?4. A 5 year loan of Rs. 1500,000 with equalinstalment payments at the end of each year.The interest rate is 9% Per year. Establish loanamortization schedule.arrow_forwardDr. Sisters has been secretly depositing $2,300 in her savings account every December starting in 2001. Her account earns 10 percent compounded annually. How much did she have in December 2015? (Assume a deposit is made in the last year) Make sure to carefully count the years. Use Appendix C. (Round "FV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.) Future value CIarrow_forwardFive years ago, you deposited $1,000 in a bank account. One year ago, you deposited $2,000 in the same bank account. Assuming no other deposits and no withdrawals, what will be in the account 7 years from now? Assume an interest rate of 4%. Use the $ symbol and round to the nearest dollar...no decimal places...use a comma.arrow_forward
- Morgana deposits £1000 into her bank account on the 1st of January every year with the first deposit being on 1st January 2016. The bank adds 3% interest to her deposit every 31st December. (a) Show that, after interest has been paid on 31st of December 2018, the balance in her account (assuming no withdrawals and no other deposits during this time) is 1000 × 1.033 + 1000 × 1.032 + 1000 × 1.03 (b) During which year (assuming that she continues in this fashion and her bank continues to pay 3%) will her balance exceed £50,000?arrow_forwardTen years ago, when Franco was still a college student, he deposited 10,000 in a bank. The bank's rate of interest on deposit is 2% compounded quarterly, what is the balance of Nigel's account today? No peso sign, with comma, no decimal point.arrow_forwardJanelle Carter deposited $9,590 in the bank on January 1, 2000, at an interest rate of 10% compounded annually. How much has accumulated in the account by January 1, 2017? Round to the nearest whole dollar.arrow_forward
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