you withdraw hibah at the end of each month. Any positive or negative increment in the mont rates shown is based on the basic rate. You open a new wadiah account with a deposit of RM5000 on 28.01.2018. You deposit anoth RM1000 and RM5500 on 13.02.2018 and 30.03.2018 respectively. Again, you deposit anoth RM1550 on 31.05.2018. Then, you deposit another RM8500 on 10.06.2018 but withdraw RM5000 28.06.2018. On 15.12.2018, you withdraw another RM2000 from the account and then withdr again another RM3250 on 28.12.2018. What will be your total hibah on 30.12.2018? Table 1: Monthly rates Month Rate (%) Jan 4.00%* Feb +0.00% March +0.10% April -0.10% May +0.10% June +0.20% July -0.10% Aug +0.20% Sept +0.10% Oct +0.20% Nov -0.10% Dec +0.00% * Basic rate

You decide to deposit $126 monthly in a 3.2% annual interest bearing account over the next 18 years. How much will have accumulated in the account at the end of the period?

How much do you need to deposit on April 1, 2019, so that you can make a series of monthly withdrawals of $500? The first withdrawal will be made on May 1, 2025, and the last is made on May 1, 2030. The interest rate is 10% compounded monthly.

On September 1, 2022, Eli opened an account with a deposit of $1000. Eli will continue to make $1000 deposits every month until September 1, 2030, when he will make his last deposit. How much will be in the account on September 1, 2042 if the account earns 4% monthly?

You plan to deposit $3,000 at the end of each year for three years, starting with the first deposit today. If the account pays 6%, how much will you have at the end of year 3? A. 3,573B. 10,124 C. 10,719

You have just opened a savings account which pays monthly interest at a rate of j12 = 5.5% p.a. You wish to accumulate $20,000 by depositing the same amount into the account at the end of each month, for 2 years, starting in a month's time. a) Determine the required size for the monthly deposit, R. Apply a sanity check. b) Construct a sinking fund table showing 24 deposits with a fixed interest rate of 5.5%. Describe and apply a sanity check to your table. c) Suppose that the interest rate is renewed every three months (quarterly) over the course of the two years as follows: Year 1 Q1 5.5% 02 Q3 2.8% 4.5% 04 01 4.0% 4.2% Year 2 Q2 04 03 3.8% 2.5% 7.5% If you maintain the same monthly deposit of R determined in part a), find the size of your sinking balance after two years. Will you meet your target of $20,000? Describe and apply a sanity check for your answer. d) Construct a sinking fund table showing 24 deposits with the variable interest rate. Describe and apply a sanity check to…

Suppose Eli deposits $1,000 into a savings account. The savings account earns4.2% compounded monthly. Find the APY for the account. Round the percent to two decimals.

in 2012 the maximum socail securuty deposit by an idvudual was $8386.75. suppose you are 27 and make a deposit of this amount into an account at the end of each year. how much would you have when you  retire if the account oats 2% compounded annually and you retire at 65.

You have $20,000 that you put on deposit on your 30th birthday at 5% compounded annually. On your 40th birthday, the account begins earning 6%. Then, on your 50th birthday it begins earning 7%. You plan to withdraw equal annual amounts on each of your 61st, 62nd, . . . , 70th birthdays. a. How much will be your annual withdrawal? b. On your way to the bank on your 65th birthday, you decide to withdraw the entire amount remaining. How much do you withdraw?

You decide to make monthly $2000 deposits into an account that pays 4% compounded monthly. If your first deposit was on January 1, 2019, then how much is in the account immediately after the deposit on January 1, 2025?