Person A deposits $ 1,000 in a bank account at the beginning of each year for 15 years. If the investment of person A is evaluated with an effective interest rate of 4% per annum for the first 5 years, 5% per annum for the second 5 years and 6% per annum in the third 5 years, calculate the accumulated value at the end of 15 years.

If $1,500 is deposited in a savings account at the beginning of each year for 20 years (a total number of deposits= 20) and the account draws interest at 8% compounded annually, the value of the account at the end of 20 years will be nearly:(a) $71,400(b)$74,936(c) $74,996(d)$74,144

You deposited $250 in the bank for 5 years at 12%. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the compounded 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.  Year Year Beginning Balance Interest Year End Balance 1 $250.00     2       3       4       5       PLEASE NOTE #1: All dollar amounts will be with "$" and commas as needed and rounded to two decimal places (i.e. $12,345.67). Present Value (PV) PV FV Factor Future Value (FV)       PLEASE NOTE #2: All factors from the PV FV Tables are rounded to three decimal places (i.e. 1.234).

An investor had a bank loan to help him in his business. The deal with the bank states that the loan time will be for 8 years for an annual interest rate of 8%, with the investor paying equal payments of 1,000,000 Dhs for the first 4 years and then an increment of 100,000 Dhs per year starting from the fifth year till the loan time ends. 1- The present worth of the first three years is : Dhs. 2- The present worth of the loan is : Dhs.