w much interest will be earned at the end of 2 years
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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.You put $250 in the bank for S years at 12%. 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 fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?
- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?2. Deposit the principal amount of P10,000 into a savings account that pays interest at the rate of 5%. What is the amount in the account after 1 year if the account is: a. compounded annually b. compounded semi-annually c. compounded quarterly d. compounded monthly e. Which is advantageous to the investor?1. If you deposit OMR 32000 today in to a bank account that pays 4% interest compounded, how much money would you have in the account at the end of 5 years.
- 3. You have a bank deposit now worth $5000. How long will it take for your deposit to be worth more than $8000 if: (a) The account pays 5 percent actual (per sub-period) interest every half-year and is compounded every half- year? (b) The account pays 5 percent nominal interest, , compounded semiannually?You have a bank deposit now worth $5000. How long will it take for your deposit to be worth more than $8000 if a. The account pays 5 percent actual interest every half-year and is com- pounded every half-year? b. The account pays 5 percent nominal interest, compounded semiannually?4. Suppose $5,000 is deposited in a savings and loan account that pays 5.5% interest compounded semiannually. Use compound interest to calculate the following:a. How much money will be saved?b. How much will be owed after 2 years?
- Suppose $1,000 is deposited in a bank account today (time 0), followed by $1,000 deposits in years 2, 4, 6, and 8. At 6% annual interest, how much will the future equivalent be at the end of year 12?How much interest is deducted in advance from a loan of P18,000.00 for one year and 6 months if the discount rate is 9%. How much is the proceeds after deducting the interest?1.) An amount of R1 500 is deposited in a bank paying an annual interest rate of 4.3%, compounded quarterly. Find the balance after 6 years. 2.) Your goal is to accumulate R30 000 after 17 years from now. How much must you invest now to have, at an interest rate of 8% compounded semi-annually? 3.) If R500 accumulated to R700 in 5 years with a certain interest compounded quarterly, what is the rate of interest? 4.) A debt of R5000 is to be amortised by 5 quarterly payments made at 3 month intervals. If interest is charged at the rate of 12% convertible quarterly, find the period payment and construct an amortisation schedule. Round the payment up to the nearest cent. 5.) Raees Braai Ltd has the following capital structure: Equity, 2000000, R2, ordinary shares, market price R2, 50 Preference, 1000000, 12%, R1 preference shares, market price R1,20 Reserves R1500 000 Bank loan R500 000, 15% bank loan Debentures R 1750000,16% debentures, market price R110 (issued at R100). The current and…
