On December 3, 2019 a sum of $36,700.00 was deposited into an account. What would be the future value of this sum of money on May 26, 2024, if the interest rate is 1.89% compounded annually. (1year=365days) Round the value for FV to two decimal places.
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- On November 17, 2020 a sum of $42,200 was deposited into an account. What would be the future value of this sum of money on March 18, 2024, if the interest rate is 3.15% compounded semiannually. Round the value for FV to two decimal places. P/Y = C/Y = DBD = days I/Y = % PV = $ PMT = $ FV = $On February 29, 2020 a sum of $35,200 was deposited into an account. What would be the future value of this sum of money on June 8,2023, if the interest rate is 3.6% compounded semiannually. Round the value for FV to two decimal places. P/Y = CY = DBD = days IY = PV = $ PMT = $ FV = $Assume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest accumulated to $50,000 on January 1, 2026. How much was invested on January 1, 2020, if interest was compounded annually? N (period of time) I (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Assume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest accumulated to $50,000 on January 1, 2026. How much was invested on January 1, 2020, if interest was compounded semi-annually? N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Page 1 Assume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest accumulated to $50,000 on January 1, 2026. How much was invested on January 1, 2020, if interest was |compounded quarterly? N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) 2 In each of the three scenarios the PV should continue to decrease. Explain why this passes the…
- On January 1, 2022, Ace Company finished landscaping services and accepted in exchange a 10% $400,000 promissory note with a due date of December 31, 2024. Interest is receivable at December 31 each year. Notes with similar risk have a market rate of interest of 5%. Set financial calculator to zero decimal place. Required: (a) Determine the value of the following: N = Answer 1 Question 4 I/Y = Answer 2 Question 4 PMT = $Answer 3 Question 4 FV = $Answer 4 Question 4 (b) The present value of the note was $Answer 5 Question 4 (c) Prepare a Schedule of Note Discount/Premium Amortization for Ace Company under the effective interest method. Ace Company Schedule of Note Discount/Premium Amortization Effective Interest Method Date Cash Interest Amortized Amount Carrying Value of Note Jan 1, 2022 $Answer 6 Question 4 Dec 31, 2022 $Answer 7 Question 4 $Answer 8 Question 4 $Answer 9 Question 4 Answer 10 Question 4 Dec 31,…Required 1 Calculate the future value. On January 1, 2020, $30,000 is deposited into a savings account. Assuming a 4% interest rate, calculate the amount accumulated on January 1, 2023, if interest is compounded annually. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) On January 1, 2020, $30,000 is deposited into a savings account. Assuming a 4% interest rate, calculate the amount accumulated on January 1, 2023, if interest is compounded semi-annually. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Page 1 On January 1, 2020, $30,000 is deposited into a savings account. Assuming a 4% interest rate, calculate the amount accumulated on January 1, 2023, if interest is compounded quarterly. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) 2 In each of the three scenarios the FV should continue to increase. Explain why this passes the reasonablenes test.An investor invests the following amounts of money in banks account R18850 on 1 September 2019,R15575on 31 May 2021 and R19465 ON 1 FEBRUARY 2023.From 1 October 2021 up to 30 April 2023 an amount of R980 invested at the start of every month. From 1 July 2020 up to 31 March 2022 an amount of RX is invested at the end of each quarter. On 1 January 2019 the total present value of all the investments is R75998,34.If the interest rate is 8,75% per year, Calculate the value of X?
- Compute the amount of interest on $8350 at 6.5% p.a. from October 8, 2019, to August 4, 2020. What rate of interest is paid if the interest on a loan of $12500 is $196.06 from November 14, 2019, to May 20, 2020? Loan payments of $1725 due today, $510 due in 75 days, and $655 due in 323 days are to be combined into a single payment to be made 115 days from now. What is that single payment if money is worth 8.5% p.a. and the focal date is 115 days from now? What principal will earn $355.99 interest at 9.75% p.a. from February 4, 2017, to July 6, 2017? Determine the face value of a four-month promissory note dated May 20, 2018, with interest at 7.5% p.a. if the maturity value of the note is $1190.03. A Company sells locks for $10 each. Manufacturing cost is $2.60 per lock; marketing costs are $2.40 per lock; and royalty payments are 20% of the selling price. The fixed cost of preparing the lock is $18 000. Capacity is 15,000 locks. Compute the contribution…A sum of money was invested on December 12, 2021 at 3.7% simple interest p.a. When the money was withdrawn on July 8, 2022, it had matured to $6879.61. How much money was originally invested? d Moving to another question will save this response. Question 4 of 15You deposit 500 in an account on January 1, 2003. Interest is credited each year on December 31, at a rate of 4% on the first 1000 in the account on January 1 of that year and 5% of any excess over 1000. Just after interest is credited on December 31, 2032, X is in the account. Calculate X.
- 1) If ₱22578 is borrowed for 9 months and ₱555 is paid, then the annual simple interest rate is _______%. Round your answer to 2 decimal places. 2) What is the amount due on July 8, 2022, if the present value on July 31, 2021 was ₱20052 at 5.7% simple interest? Round your answer to 2 decimal places.What sum of money due on October 1, 2026 is equivalent to $3000 due on January 1, 2003 if interest rates were 1.2% / year compounded monthly before January 1, 2010, changed to 6.8% / year compounded monthly from January 1, 2010 to January 1, 2020, and stood at 8.2% / year compounded monthly thereafter? (Enter the value only; do NOT add a $ sign.)On January 1, 2022, Ace Company finished landscaping services and accepted in exchange a 10% $400,000 promissory note with a due date of December 31, 2024. Interest is receivable at December 31 each year. Notes with similar risk have a market rate of interest of 5%. Set financial calculator to zero decimal place. Required: (a) Determine the value of the following: N = _________________ I/Y = ___________________ PMT = ______________________ FV = $______________ (b) The present value of the note was $________________ (c) Prepare a Schedule of Note Discount/Premium Amortization for Ace Company under the effective interest method.