3. You just inherited P1,000,000. While you plan to squander some of it away, how much should you deposit in an account earning 5% interest per year if you would like to have P1,000,000 in the account in 10 years?

Q: 7. What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a…

A: When someone makes a deposit, they are paying a bank or other institution a set amount of money for…

Q: 1. P 1.00 is the principal which is invested at a nominal rate of 8% semi- annually. After one year…

A:

Q: How much money will be in a bank account at the end of 15 years if $100 is deposited today and the…

A: Compounding interest means the interest is calculated for the principal and after each period the…

Q: If one makes quarterly deposit of $1250 into an account that pays interest at a rate of 6%…

A: Given,  Quarterly Deposit= $1,250 Monthly Interest Rate=6% Therefore, Quarterly Interest Rate=…

Q: 43. Find the equivalent rate of interest of 9% compounded quarterly to an interest rate compounded…

A: Given interest rate = 9 % compounded quarterly Effective annual rate = (1 + rate)^time - 1 = (1 +…

Q: Would you rather have $1,000 today or $1,250 in 3 years at a 8% annual interest rate compounded…

A: Future value can be calculated by using the following formula.

Q: You are going to get %10,000,000 in 45 years' time. What is the value of that money today assuming…

A: Present value can be calculated by using the following formula.

Q: Suppose that you make a series of annual deposits into a bank account that pays 8% interest. The…

A: here we calculate how much would  have immediately after the fifth deposit  by following method…

Q: How much money will you at present time if you deposit P6,640 each for the next 8 years in a savings…

A: Given :Number of Periods/Years (n) = 8Nominal Rate of Interest (r(4)) =6%Regular Deposit(A) = $ 6640

Q: How long does it take to become a millionaire? A $500,000 investment will hit $1 million in 42 years…

A:

Q: A bank saving account offers 4% compounded on a quarterly basis. A customer deposit $200, in this…

A: Since the bank offers 4% compounded on a quarterly basis, the interest rate is 1% per quarter. The…

Q: 3. If you deposit $1000 in an account that pays 5% interest, compounded annually, how much will you…

A: Given information: Deposit amount = $1000 Interest rate = 5% Half yearly interest rate = 5%/2 = 2.5%

Q: An investment of P2880 is made at the beginning of each month for 9 years and 4 months. How much…

A: We have given that the investment is made at the beginning of each month and A =₱2880 Length of…

Q: How much should you invest each month in order to have $700,000 if your rate of return is 3.6%…

A: A higher discount rate indicates a lower present value of the annuity while a lower discount rate…

Q: An investment of $3523 is made at the beginning of each month for 5 years and 10 months. How much…

A: Total months(n) =years*12+months=5*12+10=70 interest rate per month (r)=1% Amount invested per month…

Q: Use the compound interest formulas A=P [1+r/n] and A=Pe^rt to solve the problem given. Round answers…

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…

Q: If you desire to withdraw the given amounts over the next five years from a savings account that…

A: The sum of cash or cash-equivalent which the company gets or gives out by the way of payment(s) to…

Q: 2. What is the future worth of #10,000 invested every month for five years at 8% interest rate…

A:

Q: Calculate the future value (rounded to the nearest whole number) of monthly deposits of R500, made…

A: Future value can be calculated as follows. Monthly interest rate (i) is 0.0033. Time period is 360.…

Q: 19. Each year a single payment of P5000 is deposited in an account that earns 16% compounded…

A:

Q: 2. Which of these gives the highest effective rate of interest? 16.35% compounded twice every month…

A: An effective interest rate is defined as an interest rate, which is applied on loan or financial…

Q: 3. What is the future value in year 10 of the series described in Problem 2?

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: What is the yield to maturity on a simple loan of $35,000 that requires a repayment of $40,000 in 3…

A: Yield to maturity refers to the total interest payment that will have to paid at the time of the…

Q: 3. Suppose you make an annual contribution of $2,000 to your savings account at the beginning of…

A: Future value (FV) is a term used to describe how much, at some future point and with a particular…

Q: Liz plans to deposit $10,000 in the bank now and another $5,000 two years from now. If she plans to…

A: Deposit = 10,000 deposit after 2 years = 5,000 withdraw after 5 years = 8,000 interest rate = 10%

Q: . What is the current value of a $50 payment to be made at the beginning of each year, for three…

A: In economics, present value refers to the current value of a future stream of cash flow. The future…

Q: 45.

A: Monthly average in 2017 = $71.88 Increase in annual rate (r) = 3% per year n= 2020 - 2017 = 3 years

Q: If you borrow $ 30,000 at 6% simple interest per year for seven years, how much will you have to…

A: Simple Interest = (Principal * Rate * Time) / 100 ie SI = (P * R * T) / 100 Amount = Principal +…

Q: Roger quit his job now he spends all his time writing poems and reading them to his ex girlfriend.…

A: Structural unemployment: It is a type of compulsory joblessness brought about by a jumble between…

Q: ch would you have to deposit now. so that you can withdraw of $10000 starting at the end of year 5 ,…

A: Withdrawal Amount = 10,000 Withdrawal decrease @ 10% r = 6% (Assuming there is a typing error and…

Q: A series of equal quarterly payments of $2,000 for 10 years is equivalent to what future lump-sum…

A: Quarterly payment (A)=$2000 Total number of quarters for which the payment is made =10×4=40…

Q: how much interest is included in the future value of an ordinary simple annuity of $750 paid every…

A: Future value (FV) is the value of a current asset at a future date based on an assumed rate of…

Q: What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a…

A: Annual Withdrawal = 29263 started from end of 11 year withdrawal increase by 10% annually r = 10%

Q: How much is accumulated over two years in each of the following savings plans? a.$40at the end of…

A: Given data for the part (a) of the question is as below, Deposited amount at end of the month:…

Q: Suppose that $4000 is placed in a bank account at the end of each quarter over the next 10 years.…

A: the proportion of a loan that is charged as interest to the borrower typically expressed as an…

Q: Kelsey purchases a retirement annuity that will pay her $1,500 at the end of every six months for…

A: In retirement, an annuity is a kind of assured income that the individual is presented with as a…