PROBLEM 6 P2,500.00 WAS DEPOSITED IN A BANK ACCOUNT, 10 YEARS AGO. TODAY IT IS WORTH P5,000.00. INTEREST IS PAID SEMI-ANNUALLY. DETERMINE THE INTEREST RATE PAID ON THIS ACCOUNT?

Q: 4. Deposits of P15,000.00, P18,000.00 and P25,000.00 were made in a savings account 10 years, 6…

A: 8% interest rate Continuous Compounding   Deposits: Year's ago Deposit 10 15000 6 18000 3…

Q: hn makes an Investment of 10900 into an account that pays Interest compounded annually. In addition,…

A: Future value of the money is the amount of deposit done and amount of interest accumulated over the…

Q: Suppose that you deposited $5,000 in a savings account. It has been 15 years and your current…

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A: We need to use future value of annuity formula to calculate saving balance after 8 years. B(t)…

Q: If you deposit $500 in a bank account today that earns 3% interest and you deposit $20 per month…

A: The future value of a present sum of money after n periods is given by the formula Future…

Q: What will be the accumulated amount in an investment account

A: As per the concept of the Time value of money, today’s money value has more valuable than tomorrow.…

Q: If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest…

A: future value = present value*(1+rate)^n future value = 8854*1.08^7

Q: Anthony invested Php55,000 in a bank that pays 3.75% simple interest. How much will be his money at…

A: calculation of amount after 3 years and 8 months under simple interest are as follows

Q: compounded

A: Formula to calculate preset value: PV = FV/(1+r/n)^nt Where PV is the present value, FV is the…

Q: 8. An amount of $4,000 is deposited in a bank paying an annual interest rate of 3.1% compounded…

A:

Q: 1.1 Suppose you received R1000 from your grandparents on your 18th birthday, which was 17 years ago.…

A: Savings account earn compound interest. To calculate final account balance we can use the formula…

Q: You want to have $65,000 in your savings account 11 years from now, and you're prepared to make…

A: Solution:- When an equal amount is deposited each period at end of the period, it is called ordinary…

Q: Assuming a 360-day year, the interest charged by the bank at the rate of 10%, on a 90-day,…

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Q: PROBLEM 12 How many days will it take for a sum of $1000 to earn $20 interest if it is deposited in…

A: When an individual deposits a certain amount of money in a bank, the bank pays simple interest on…

Q: Zorbat Wellington deposited $3,489 fifteen years ago into a bank account that paid 9.34% compounded…

A: Compounding is a technique to find the equivalent value in future value term, taking time value of…

Q: What APR is being earned on a deposit of $5,000 made 10 years ago today if the deposit is worth…

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Q: A deposit $400 today in an account paying 7% per year. What would be the balance in your account…

A: We need to use compound interest formula to calculate account balance after 6 years A=P(1+i)n where…

Q: ment to

A: will reflect all the payments of annuity for 10 years (10*12=120 times) for the yearly interest rate…

Q: The value of $60 deposited in a bank for six years at a rate of 10% compounded annually is:

A: Future value = Present value(1 + Rate)^Time

Q: If you deposited $1,500 into a savings account today, which pays 5% interest and left it alone for 7…

A: INFORMATION: RATE 5% YEARS 7 PMT (MONTHLY DEPOSIT) 0 PRESENT VALUE $1,500

Q: klp.3

A: The objective of this question is to calculate the future value of a one-time deposit of $4,353 at…

Q: Suppose a savings account pays 7% annual interest with interest compounded daily (assume there are…

A: Daily compounding Nominal rate= 7% Number of compounding periods = 365 Deposit = 2578 N = 3285 days…

Q: Question Number 2: [CLO5, PLO3] A $10,000 certificate of deposit earns simple interest of 8 percent…

A: Interest In economics and accounting, interest is defined as the amount paid by the borrower over…

Q: Every year for 10 years starting year 2, you deposit $2000 in a savings account that earns 7%…

A: A deferred annuity is a type of annuity contract in which the payments to the annuitant are deferred…

Q: Question 8: 1. A woman deposits $26,000 into a savings account with an interest of 8% to be…

A: Future value amount includes the amount that was being deposited over the period of time and amount…

Q: SR 3,479 was deposited in a savings account that pays 10 percent interest compounded annually. How…

A: The future value is the future worth of the amount that will be paid or received at future.

Q: How much money was deposited each year for 10 years if the account is now worth S500,000 and the…

A: To open the "PMT function" window - MS-Excel --> Formulas --> Financials --> PMT. To open…

Q: For the next 13 years, you will deposit $2,250 every quarter in a savings account. The account pays…

A: Future value of an annuity is the total value of a series of equal payments made at regular…

Q: $100 is deposited in the bank and remains in the account for three years, earning 6% per year with…

A: Here, Initial Deposit Amount is $100 Interest Rate is 6% Interest Method is Simple Interest Method.

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A: Present value of perpetuity = C/r C is perpetual cash flows and r is interest rate the time period…

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A: In order to find the outstanding balance one has to deduct the payment from the loan amount.

Q: A person deposits $150 per month into a savings account for 2 years. If $75 is withdrawn in months 4…

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Q: a) A bank offers to lend you K1,000 if you sign a note to pay K1,610.50 at the end of 5  years. What…

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Q: PROBLEM 14 Find how much money should be deposited in a bank paying interest at the rate of 3.5%…

A: STEP 1 The worth of a current asset at some point in the future based on an estimated rate of growth…

Q: Orange Ltd opened a bank account 10 years ago with a principal amount of R2 000. The bank pays…

A: We can rearrange the compound interest formula and determine the annual interest rate. This is 6%…

Q: 1. Jenny puts $200 into a months. What would you

A: Future value refers to the value of a current asset at some future date affected by interest rate,…

Q: question 3 Kamal deposits 1207 $ in a bank, if the interest rate is 23.3 % per year compounded…

A: Principal amount (P) = $1207 Interest rate (r) = 23.3% per year (or 0.233) Compounding period (n) =…

Q: Present Value $ 610 940 26,350 43,500 Years Interest Rate -7% 8% 9% 11 % $ Future Value 1,389 1,821…

A: calculation of number of years by using excel function NPER NPER functions syntax is…

Q: An amount of $3000.00 is deposited in a bank paying an annual interest rate of 5 % compounded daily.…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: Question 7 of 10 > Every year you deposit $3,400 into an account that earns 2% interest per year.…

A: Annuity refers to the fixed periodic payments made for the specified period of time.