What is the total expected amount that the company will have at the end of the 4th year?
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The company is going to invest ₱26,000, ₱34,000, ₱46,000, and ₱54,000 respectively into a savings account at the end of each year through 4 years. Each of these amounts will compound at 4% per annum until the 4th year. What is the total expected amount that the company will have at the end of the 4th year? (Do not round off between computations. Round off the final answer to two decimal places. Example of writing your answer 64,125.91)
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- You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the 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 third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.The company is going to invest P26,000, P34,000, P46,000, and P54,000 respectively into a savings account at the end of each year through 4 years. Each of these amounts will compound at 4% per annum until the 4th year. What is the total expected amount that the company will have at the end of the 4th year?The total amount of money in an account with P dollars invested in it is given by the formula A=P+PrtA=P+Prt, where r is the rate expressed as a decimal and t is time (in years).If $525$525 is invested at 14%14%, how much money will be in the account after 3030 months? Round your answer to two decimal places if necessary.
- Suppose that $850,000 is invested in a savings account paying 5.25% interest per year. (Round answers to nearest hundredths or two decimal places.) a) Find the amount in the account after 11 years if interest is compounded monthly. 1 b) Find the amount in the account after 11 years if interest at continuous compound interest. c) How much interest was earned from continuous compounding in the 11 years? d) How long will it take for the amount in the account to grow to $2,000,000 if interest is compounded quarterly?The amount of money that needs to be deposited into an account to reach some future goal is called the present value. The following table gives the present value (to the nearest dollar) for an account that earns 10% compounded annually so that the account value will be $50,000 after intervals ranging from 1 to 7 years. Years Present value 1 $45,455 2 41,322 3 37,566 4 34,151 5 31,046 28,224 7 26,658 (a) Using x as the years and y as the present value (in dollars), develop an exponential model for these data. (Round your numerical values to four decimal places.) y = (b) Use the model to find the present value (to the nearest dollar) of this account for its value to be $50,000 after 13 years. Need Help? Read ItThese are 2 subsections of the same question, please answer both questions. Please round the answer up to TWO decimal places. A) You make a loan of R100 000, with annual payments being made at the end of each year for the next 5 years at a 10% interest rate. How much interest is paid in the second year? R B) How long in years would it take you to double the amount of money you have in your bank account if you can invest at 7%, compounded monthly?
- Suppose that $17,000 is invested in a savings account paying 5.1% interest per year. (a) Write the formula for the amount A in the account after t years if interest is compounded monthly. A(t) = (b) Find the amount in the account after 2 years if interest is compounded daily. (Round your answer to two decimal places.) (c) How long will it take for the amount in the account to grow to $20,000 if interest is compounded continuously? (Round your answer to two decimal places.) yrFor these problems round to at least five decimal places for your work. You may round your final answer to the nearest cent. If $5000 is invested in a savings account with an annual interest rate of 0.09% compounded monthly, how much will the account be worth in 17 years? Note: the interest rate is given as a percentage! If $600 is invested in an account with an annual interest rate of 14.5%, compounded continuously, how much will the account be worth in 5 years? Suppose you want to have $200 in an account after 5 If the account generates interest at a nominal rate of 9%, compounded quarterly, how much should you invest in the account now? years. What is the annual percentage yield for an account with a nominal interest rate of 12%, compounded monthly?Suppose you make a one-time $ 8,000 investment into an account that yields a 12% annual return. If you keep the account for 10 years, what should be the account balance? Round your answer to 2 decimal places
- CNB, Inc. will deposit $25,000 into a money market account at the end of each year for the next eight years. How much will accumulate by the end of the eighth and final payment if the account earns 8% interest? Select one: a. $265,915 b. $256,951 c. $223.070 d. $200,000 e. $275,713How much money should be deposited today in an account that earns 7% compounded semiannually so that it will accumulate to $9000 in three years? a Click the icon to view some finance formulas. ..... The amount of money that should be deposited is $ (Round up to the nearest cent.) Formulas In the provided formulas, A is the balance in the account after t years, P is the principal investment, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and Y is the investment's effective annual yield in decimal form. nt A A = P 1+ P = A =Pet Y = - 1 nt 1+ Print DoneIf you deposit $700 in a bank account that earns 5 percent per year, how much total interest will you have earned after the third year? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Total Interest =