Riama's mother deposited Rp. 70,000,000 at bank XYZ with interest (compound) 10% per year paid quarterly. Count Riama's mother's money after 5 years.
Q: Bozo borrowed $10,000 from Ernie due in 4 years at 6% compounded monthly. Immediately after the debt…
A: Ernie sells the note to Max, then Ernie shall receive the present value based on 5% compounded…
Q: Georgi Rostov deposits $4,000 in a savings account that pays 8% interest compounded monthly. Three…
A: Future value is the value of the current amount at some future date after adjusting it with the…
Q: hutshilo won R165 000 and decided to deposit 65% of this amount in an account earning 8,25% interest…
A: Future value is the value of current asset or investment at a future date. Future value is…
Q: Frank is making quarterly contributions of $240 to his savings account which pays interest 7.5%,…
A: The time value of money is used to calculate the present values and future values of any stream of…
Q: Elwin Tulpo invests Php1,000 in a Bank at 10% a year for five years, but when the interest is…
A: The future value function or concept can be used to determine the future value of a present sum or…
Q: A person deposited every 6 months ¢ 50,000.00 in an account that paid him 16% interest, convertible…
A: Semi-annual payment = ¢ 50,000.00 Interest rate = 16% Time Period = 20 Years
Q: Maria deposits $2,000 in a savings account that pays interest at an annual compound rate of 3%. Two…
A: The amount which is earned by depositor on the deposits is known as interest. This interest can be…
Q: Lyndsay puts $1,000.00 into a savings account that pays 3% interest, compounded annually. As the…
A: When the interest is deposited after a year, interest is also received on the interest component…
Q: At age 18, Marcia started depositing $2000 per year at the end of each year into an account earning…
A: Annuity, A = $ 2,000Rate of interest = r = 12%number of annuities, n = 8
Q: Amishi deposited $600, at the end of each six months for 19 years in a savings account. If the…
A: The future value (FV) represents the value of a current asset at some point in the future based on…
Q: Shelley Katz deposited $30,000 in a savings account at 5% interest compounded semiannually. At the…
A: Present value is the current worth of the future expected cash flows that an investor obtain from…
Q: Jennifer Nelson deposited $500 into a savings account earning 3%, compounded semiannually. After 5…
A: Principal = $500 Interest = 3% (compounded semi annually) n=2 (semi-annually) t= 5 years Formula…
Q: Julie deposited 10,000 in each of Bank 1 and Bank 2. Bank 1 credits simple interest at an annual…
A: Here, Bank 1: Deposit amount (PV) = 10,000 Interest rate for first 5 years = 10% Interest rate for…
Q: Shayla deposited $4,000 into an account earning 5% interest per year, compounded every 6 months.…
A: A study that proves that the 1value of money today is higher than the future value of money is term…
Q: An individual makes five annual deposits of Php 2,000 in a savings account tha pays interest at a…
A: The answer is shown below:
Q: Shiraz deposited $500 at the end of each year for 18 years in a savings account. If the account paid…
A: Using the Future value function in excel
Q: Boiser deposited part of her royalty in a bank at the end of each year for 10 years. The bank paid…
A: We need to use future value of ordinary annuity formula to calculate total amount of deposited…
Q: ted 16,8000 in a new savings account at 7% interest compounded seminannually. At the beginning of…
A: Amount in the saving account increases with time because with time interest goes on increasing.
Q: Zach depsoits a $38,000 one-time lump sum in an account with an APR of 7% that is compounded…
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: On the first day of the year, a woman deposits P50,000 in a bank at 10% per year, compounded…
A: Given, Principal amount (P) = P50,000 Rate of interest (r) = 10% Compounded = Annually Withdrawn…
Q: Mariah invested $10,000 in a bank certificate of deposit at a rate of 5% interest compounded…
A: Certificate of deposits is an investment product offered by banks. The interest rates on…
Q: nifer deposited $54,000 at Bank of America at 20% interest compounded quarterly. a) What is the…
A: In this we need to find out the effective annual rate.
Q: Miss Calledo deposited P 1,000, P 1,500 and P 2,000 at the end of the 2nd year, 3rd year and 4th…
A: Future Value(FV) is worth of current amount at future point that is computed by compounding current…
Q: eila borrowed PhP 60,000 with an interest of 3% from her collegue on January 15 and then she agreed…
A: Simple interest is the interest calculated on the principal portion of a loan.
Q: Mr. Palting deposited P100,000 on a bank bearing an interest of 12% compounded quarterly. At the end…
A: given, pv = P100,000 A= P30,000 at end of 5 years for next 4 years R=12% M=4
Q: What is the interest on interest if interest is compounded
A: Calculate the compound interest amount as follows:- Total amount after 3 years =P x (1+R/100)n…
Q: Mr. N. invests $5,000 in a certificate of deposit (CD) at his local bank. Hereceives 2 percent…
A: RATE 2% YEARS 5 PMT (MONTHLY DEPOSIT) 0 PRESENT VALUE $5,000
Q: 1. Amy made semiannual deposits of $3,100 at the beginning of every every six months into a fund…
A: Semi Annual Deposit = 3100 Beginning of period deposits Interest Rate = 6.8%/2 = 3.4% per semi…
Q: Adriana Grandioso has made beginning-of-year deposits into an investment account for the past 21…
A: FV is the future worth of cash flows that have occurred in the past or present.
Q: Joe Franklin deposits $22,000 in a savingsaccount that pays 6% interest compounded monthly.Three…
A: The future amount is determined by using future amount formula and that formula use the present…
Q: Alexandra had a balance of $2,000 in her RRSP. In addition to this, she invested $300 at the end of…
A: Given,
Q: Jason makes six end-of-year deposits of $2,000 each in a savings account paying 5% compounded…
A: Annual deposits = $2,000 Rate = 5% First calculate the future value of annuity at the and of 6…
Q: Mrs. Santos deposits P5,500 at the end of every six months in a savings account for her daughter's…
A: Deposit = 5500 every 6 months End of month deposits Interest rate = 4% semi annual period N = 21…
Q: Helena deposited P3,000 every beginning of 6 months for 10 years at Metro Bank at 9% compounded semi…
A: FV is the future worth of cash flows that have occurred in the past or present.
Q: 10. Miss Calledo deposited P 1,000, P 1.500 and P 2,000 at the end of the 2nd year, grd year and 4th…
A: Deposit in year 2 = P 1000 Deposit in year 3 = P 1500 Deposit in year 4 = P 3000 Annual interest…
Q: Jack borrowed $12,000 from a bank for 3 years at 15% interest annually. What is the total…
A: Simple interest is the fixed rate of interest which is paid or payble on amount borrowed. It is…
Q: Sonia invested P 2,100 and left it for 9 years where the time in which the principal was withdrawn.…
A: Compounding is a technique which is used to compute the future value (FV) of the present amount by…
Q: Moxie Fox deposited $30,000 in a savings account at 6% interest compounded semiannually. At the…
A: As period goes on compounding interest increases with more compounding during the period.
Q: ica deposits her annual business profit into a savings account that pays 7% interest compounded…
A: Future Value refers to the value of the current asset or investment or cash flows at a specified…
Q: Carl borrowed P183,074 from his friend to pay for remodeling work on his house. He repaid the loan…
A: Amount borrowed P183,074. Simple interest 4.38% Loan repaid after 14 months.
Q: bank offers 5%compound interest calculated on half - yearly basis. A customer deposit 1600.00 each…
A: In this question future value is to be find out. Future value is the value of an asset grown to some…
Q: Rico invested P5,000 for 3 years at 8%. Find the difference in the interest if the money is invested…
A: Interest as per Simple Interest: = Principal * Interest rate * Number of years = P 5000 * 8% * 3…
Q: Diana invested $1,025 at the end of every month into an investment fund that was earning interest at…
A: Future value of ordinary annuity computes the total amount of periodic payments at a certain time…
Q: arie deposits 1,000 into an account that pays interest at an annual nominal rate of interest of ?,…
A: Money is deposited into account that earn the interest on the account and that interest is being…
Q: ohn deposits Ghs|250 at the of each month for 5 years account that credits interests at a nominal…
A: Annuity means where regular payment is made at the end of regular period and full amount with…
Q: Oliver Lopez deposits $12,000 in a bank account that pays 7% annual interest. Calculate the balance…
A: Deposit amount = $ 12,000 Annual interest rate = 7% Period = 5 Years
Q: Khamis deposited RO. 12,000 each in two different banks ,bank A and bank B at a rate of 3.1 %…
A: Deposit amount (D) = RO 12000 Bank A simple interest (r) = 3.1% Bank B compound interest (i) = 3.1%…
Q: Sue has contributed $2,843.00 every three months for the last 11 years into an RRSP fund. The…
A: We need to break this question into 3 parts. In the first part we need to calculate the FV of the…
Step by step
Solved in 2 steps
- An individual deposited P35,000 and earns 3% interest compounded quarterly. After six years, how much money does she has in the bank if she does not withdraw any money and let her money grow in the bank?9. In 6 years, Mrs. Fong must pay off a note with a face value of $14,000, and interest of 10% per year, compounded semiannually. Find the future value of the note. Then find the amount that the holder of the note should accept as complete payment today if money can be invested at 4% per year, compounded quarterly. 10. Ally Mackay deposited an inheritance of $14,850.00 in a bank and earned $495.00 in simple banker's interest at a rate of 5.5%. Find the length of time the money was on deposit. (Round to nearest day)Johnny deposits ₱45,000 in the Trust Savings Bank which pays 6% compounded monthly. How much will he have at the end of 3 years and 5 months.
- Mohammed deposited RO25,000 in a savings account at 9% interest compounded semi-annually. At the beginning of year 5, Mohammed deposited an additional RO50,000 at 10% rate of interest compounded semi-annually. What is the balance in Mohammed’s account after 7 years?Mary deposits her P500,000 in a saving bank that gives nominal interest if P9.4% compounded semi-annually. How much money will Mary has after 7 ½ years?Mrs. Quiton deposited Php 120,000.00 into a college fund at the beginning of every month for 10 years . The fund earns 9% annual interest , compounded monthly . She paid at the end of the month . How much is in the account right after the last deposit ? 1. What is the type of annuity illustrated in the given problem? A. Simple Annuity B. General Annuity C. Deferred Annuity D. Complex Annuity 2. Determine the present value of the deposit. A. Php 12,000.00 B. Php 30,000.00 C. Php 60,000.00 D. Php 75,000.00
- Mr. X financed his house by taking a loan of Rs. 71, 00,000 @ 10% p.a. and haspaid Rs.15, 00,000 as down payment. The loan is to be repaid in 10 equalinstalments starting at the end of the first year. Calculate the amount of equalannual instalment and total interest paid upon repayment of loan.Deepika deposits $10000 into her savings account that earns 7% per annum compounded annually for first two years, 8% compounded semi-annually for next three years and 12% compounded quarterly for the last two years. (i) Find the accumulated amount at the end of the first five years. (ii) Find the accumulated amount at the end of seven years. b) Pathum deposits 100000 rupees which compounded annually with interest rate i per annum. If the total amount doubles after 6 years find the value of i. (Hint: Use the formula R = P(l + i)t )Mrs. Santos deposits P5,500 at the end of every six months in a savings account for her daughter's education. The account has an 8% interest compounded semi-annually. How much will she have in her account at the end of 10 years and 6 months? P74,147.93 P74,174.93 P74,714.93 P74,174.39
- The Martin family recently deposited $1,000 in a bank account that pays a 6 percent nominal interest rate. Interest in the account will be compounded daily (365 days = 1 year).How much will they have in the account after 5 years?A. $1,349.82B. $1,524.77Smith invests usd 10.000 in an account that pays interest. After the first year he receives 4.200 interest. What is the value of r, the rate of interest?2. John invests $4000 compounded half - yearly in a bank that pays compound interest at the rate of 5% per year. Find the amount that John has in the bank after 3 years.
