Suppose two $100 withdrawals are made, the first in 2022 and the second in 2026, emptying an account that earns 5% interest, compounded annually. What amount was deposited when the account was originally opened in 2020?
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Amount withdrawn $100.
Rate 5%.
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- 4a. Suppose two $100 withdrawals are made, the first in 2022 and the second in 2026, emptying an account that earns 5% interest, compounded annually. What amount was deposited when the account was originally opened in 2020? Show any work; partial credit might not be awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)].1a. Suppose $100 is withdrawn at the end of 2023, emptying an account that earns 5% interest, compounded annually. What amount was deposited when the account was originally opened in 2020? Show any work; partial credit might not be awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)]. Edit Format Table BIUA ev アン||| || 12pt v Paragraph v hp to %, 61 の 004c. Originally, the depositor intended to make two $100 withdrawals, the first in 2022 and the second in 2026, emptying an account that earns 5% interest, compounded annually. Now, suppose the depositor changes their mind (again) and instead decides to empty the account with a single withdrawal in 2029. What is the withdrawal amount that would empty the account? (The original data must be used; that is, the answers to (4a-b) may only be used to verify the answer to this question.) Light not he awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)]. lit
- 3. Suppose $100 was deposited in 2022 into an account that earns 5% interest, compounded annually. At the end of what year would it first be possible to withdraw $350? Show any work; partial credit might not be awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)].1b. Originally, the depositor intended to withdraw $100 at the end of 2022, emptying an account that earns 5% interest, compounded annually. Now, suppose the depositor changes their mind (i.e., does not empty the account in 2022) and instead delays withdrawing their money until 2025. What withdrawal amount would empty the account? night not he awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)].Answer the following questions correctly and show your Complete Solution. a. 3 1/5% is equivalent to b. Find the actual time and approximate time from October 5, 2020 to June 30, 2021 c. Which of the following are NOT true?I. Principal is the money given or paid invested in the origin dateII. Origin date is a date on which money is paid by the borrower.III. Interest is an amount or earned for the use of the moneyIV. Simple Interest is an interest that is computed on the principal and then added to it.
- Exercise (1.77) You deposit an amount X into an account at time 0 and 2X into the same account at time 3. The account balance at time 5 is 5,000. If the account has earned a 4% annual effective rate, what is the value of X? Answer: 1,479.35A certain sum of money P draws interest compounded continuously. If at a certain time there are Po dollars in the account, determine the time when the financial attains the value of 2Po dollars if the annual interest rate at 2%. Select the correct response: none of the choices 0.577 hr 0.632 hr 0.923 hr 1.041 hrA T Normal T No Spac... Heading 1 Heading 2 Paragraph Styles be installed, but first we need to close some apps. Update now | 4. 1 · 5.1 6. 1 7 | 8. 1. 9| 10 11. 1 12.1 (9) At the end of 2021 you have computed the value of a deposit of 10000 lei constituted in January 2018 considering quarterly interest capitalization. The annual interest rates were 4% in 2018, 5% in 2019, 6% in 2020 and 3% in 2021. Your result is............. (10). The table below presents the price of stock A and the points of a market index over the last four months. Month 1 3 4 A 100 105 108 103 M 1112 1150 1200 1190 a. The holding period logarithmic return of stock A equals: A. 12%; B. 8.85%, C. 13,97%, D. b. The beta coefficient of stock A equals: A. 0,64; B. 0,19, C. 1,64; D. c. The estimated alpha coefficient from the market model equals d. The coefficient of determination from the market model equals
- You deposit $100, $150, & $200 in a bank account at the end of years 1,2,& 3 and earn 7%interest. If (P/G, 7%, 3)=2.506 and (A/P, 7%, 3)=.3811 what is the present value (now) ofthese deposits.1) Let y be the balance in an account if you deposit $5000 for x years at 4% APR compounded monthly. USE ALL DECIMALS except in e and fand h! a) Write the formula for y = f(x) b) Then rewrite the formula as an annual compounding (APY) formula as shown in the Lecture 16 notes. y = (rewritten). c) The APY (clear from part b) is: d) Then use the 2âd version of y to write y ' - e) How much is the investment worth after 7 years? f) How fast is the investment growing after 7 years? g) What is the percentage rate of growth (PROC) after 7 years as a percent? USE ALL DECIMALS! h) Write a sentence translating into English your answer for f' (7) : i) Show the second way to find the derivative of your formula in a) using the chain rule (as found in the chain rule lecture): j) Find y'(7) from your answer in j and confirm it is the same (at least to 7 decimals) as using the formula in d.A certain sum of money P draws interest compounded continuously. If at a certain time there are Po dollars in the account, determine the time when the financial attains the value of 2Po dollars if the annual interest rate at 4%. Select the correct response: O 0.289 hr O 0.212 hr 0.562 hr none of the choices 0.321 hr