Q: f you deposit OMR 20555 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Deposit amount (PV) = OMR 20,555 Annual interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4%…
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A: Amount to be doubled means invested amount becomes twice of what is invested , Therefore , Amount…
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A: Simple interest is a way of calculating the amount of interest charged on a sum at a particular rate…
Q: A friend asks to borrow $47 from you and in return will pay you $50 in one year. If your bank is…
A: The present value of money is the discounted value of future cash flows. The future value is the…
Q: A friend asks to borrow $53.00 from you and in return will pay you $56.00 in one year. If your bank…
A: Present value refers to the discounted value of future cash flows.future value is the compounded…
Q: A friend asks to borrow $50 from you and in return will pay you $53 in one year. If your bank is…
A: Given:
Q: If you deposit money today in an account that pays 4% annual interest, how long will it take to…
A: Assume , you invest $100 double the money invested = $100 * 2 = $200
Q: If you deposit in a bank $200 today, $250 a year from now, $150 in the second year and $300 in the…
A: Future value is the expected value of current sum in a future date at given interest rate.
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A: The present value of the cash flow is the current worth of a cash flow at a certain rate of interest…
Q: Perpetuities A local bank will pay you $100 a year for your lidetime if you deposit $2,500 in the…
A: The computation of interest rate is as follows: In case of perpetual cash flow:
Q: You decide to quit using your credit card and want to pay off the balance of $11,800 in 5 years.…
A: Given Amount of debt is $11800. Term is 5 years Interest rate is 16.05%
Q: A man plans to take a vacation in 5 years. He wants to buy a certificate of deposit for $1300 that…
A: To calculate the simple interest rate we will use the below formula Interest rate = [(A-P)/P]/T…
Q: A trustworthy friend asks to borrow money from you today. She promises to pay you exactly $3750 in 2…
A: In order to find how much to lend her today one needs to calculate the present value of the amount…
Q: Suppose you are in charge of annuities for a life insurance company. A customer comes in and wants…
A: Annuity amount =1,000,000 Lets assume Remaining Life =55 years Life in months =660 Interest rate 7%…
Q: A friend asks to borrow $45 from you and in return will pay you $48 in one year. If your bank is…
A: If you deposit amount in a bank, you will reccive interest on such depoisit. Hence your money after…
Q: A bank will pay you $100 a year for your lifetime if you deposit $2,500 in the bank today. If you…
A: In the given question we need to compute the interest rate bank is paying.
Q: Suppose I have a balance of $4500 on my Bank of America credit card. Assume the interest rate on my…
A: Payment is made monthly, hence it is a question of annuity. Annuity means number of payments which…
Q: A friend asks to borrow $55 from you and in return will pay you $58 in one year. If your bank is…
A: In this question rate of interest earned if money is lend to a friend should be find out so that one…
Q: A friend asks to borrow $54 from you and in return will pay you $57 in one year. If your bank is…
A: Present value refers to the discounted value of future cash flows.future value is the compounded…
Q: A trustworthy friend asks to borrow money from you today. She promises to pay you exactly $3750 in 2…
A: A concept that implies the future worth of the money is lower than its current value due to several…
Q: A friend asks to borrow $53 from you and in return will pay you $56 in one year. If your bank is…
A: Solution:- When an amount is deposited somewhere, it earns interest on it. The amount initially…
Q: What will be the deposit amount for Jane if she wants to buy a car within 7 years with a price of…
A: The present value is the value of the sum received at time 0 or the current period. It is the value…
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A: Investments are the crucial methods through which individuals and companies invest or park their…
Q: You decide to quit using your credit card and want to pay off the balance of $9,500 in 4 years. Your…
A: The periodic payment is the payment made at regular intervals that have the same amount. The…
Q: A man plans to take a vacation in 4 years. He wants to buy a certificate of deposit for $1200 that…
A: We need to use compound interest formula to solve this problem A=P(1+r)n Where A =Amount/Final…
Q: Engr. Marquez wants to get from her bank account P29,120.84, 12 years from now. How much should she…
A: Future value required (FV) = P29,120.84 Period (t) = 12 Years Interest rate (r) = 0.23 Present value…
Q: A friend asks to borrow $55 from you and in return will pay you $58 in one year. Ifyour bank is…
A: Loan is an agreement between two persons as borrower and lender in which borrower promises lender to…
Q: A friend asks to borrow $51 from you and in return will pay you $54 in one year. If your bank is…
A: part A) : $54.162 B) 50.8474576271 or approx. 50.85 C) We should deposit the money in a bank because…
Q: If you deposit money today in an account that pays 4%annually interest. How long will it take to…
A: Let's Say, one deposited $50,000 at 4% pa, you want it to become 1,00,000, one needs to follow the…
Q: man wants to get from her bank account ¥26,265.58, 8 years from now. How much should he invest for…
A: Given information : Amount needed in 8 years ¥26,265.58 Time period 8 Number of annual…
Q: A friend asks to borrow $51 from you and in return will pay you $54 in one year. If your bank is…
A: Given information: Present value is $51 Interest rate is 6.3% Number of years is 1
Q: A friend asks to borrow $48 from you and in return will pay you $51 in one year. If your bank is…
A: Information Provided: Present value of borrowed amount = $48 Amount to be repaid in one year = $51…
Maria wants to know the interest rate of her credit card starting today for 4 years? What is the effective interest rate if the present worth factor is 0.6875?
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- What will be the deposit amount for Jane if she wants to buy a car within 7 years with a price of BDT2500000 and the Bank interest rate is 9%? Remember that Jane wants to make those payments in advance of each Quarter.A man plans to take a vacation in 4 years. He wants to buy a certificate of deposit for $1200 that he will cash in for the trip. What is the minimum annual interest rate he must obtain on the certificate if he needs at least $1700 for the trip? Assume that the interest on the loan is computed using simple interest The rate he must obtain is ___%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?
- A friend asks to borrow $45 from you and in return will pay you $48 in one year. If your bank is offering a 5.7% interest rate on deposits and loans: a. How much would you have in one year if you deposited the $45 instead? b. How much money could you borrow today if you pay the bank $48 in one year? c. Should you loan the money to your friend or deposit it in the bank? a. How much would you have in one year if you deposited the $45 instead? If you deposit the money in the bank today you will have in one year. (Round to the nearest cent.) b. How much money could you borrow today if you pay the bank $48 in one year? You will be able to borrow $ today. (Round to the nearest cent.) c. Should you loan the money to your friend or deposit it in the bank? (Select from the drop-down menu.) From a financial perspective, you should as it will result in more money for you at the end of the year.A man plans to take a vacation in 5 years. He wants to buy a certificate of deposit for $1300 that he will cash in for the trip. What is the minimum annual interest rate he must obtain on the certificate if he needs at least $1500 for the trip? Assume that the interest on the loan is computed using simple interest. The rate he must obtain isA friend asks to borrow $48 from you and return will pay you $51 in one year. If your bank is offering a 6.5% interest rate on deposits and loans: a. How much would you have in one year if you deposited the $48 instead? b. How much money could you borrow today if you pay the bank $51 in one year? c. Should you loan the money to your friend or deposit it in the bank? D
- A friend asks to borrow $51 from you and in return will pay you $54 in one year. If your bank is offering a 6.3% interest rate on deposits and loans: How much would you have in one year if you deposited the $51 instead? How much money could you borrow today if you pay the bank $54 in one year?A friend asks to borrow $47 from you and in return will pay you $50 in one year. If your bank is offering an 6.5% interest rate on deposits and loans: a. How much would you have in one year if you deposited the $47 instead? b. How much money could you borrow today if you pay the bank $50 in one year? c. Should you loan the money to your friend or deposit it in the bank? a. How much would you have in one year if you deposited the $47 instead? If you deposit the money in the bank today you will have $____ in one year. (Round to the nearest cent.)You plan to deposit S500 in a bank account now and S400 at the end of the year. If the account earns 4% interest per year, what will the balance be in theaccount right after you make the second deposit?
- A friend asks to borrow $55 from you and in return will pay you $58 in one year. If your bank is offering a 5.5% interest rate on deposits and loans: How much would you have in one year if you deposited the $55 instead? How much money could you borrow today if you pay the bank $58 in one year? Should you loan the money to your friend or deposit it in the bank?A friend asks to borrow $55 from you and in return will pay you $58 in one year. Ifyour bank is offering a 6% interest rate on deposits and loans: How much would you have in one year if you deposited the $55 instead? How much money could you borrow today if you pay the bank $58 in one year? Should you loan the money to your friend or deposit it in the bank?You decide to quit using your credit card and want to pay off the balance of $11,800 in 5 years. Your interest rate is 16.05% compounded monthly. What will your monthly payments be? tA How much interest do you pay? LA