A director plans to withdraw RM 500 at the end of every 3 months for 6 years beginning three months from now. If the interest offered by the bank is 4% compounded quarterly, find the amount that he should deposit now and the total interest he will be earning. No use excel (RM25575.20, RM10424.80)

Q: Answer number 1 and 2: 1.) You just deposited P2,500 in a bank account that pays a 4.0% nominal…

A: 1. Calculate the future value of amount deposited today (FV1) by the future value formula. The…

Q: A. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being…

A: Future value is an estimate of future cash flows ​​that may be received at a future date, discounted…

Q: 1.) An amount of R1 500 is deposited in a bank paying an annual interest rate of 4.3%, compounded…

A: According to bartley guidelines ,if multiple questions are asked , then st question needs to be…

Q: You have $11,300 to invest for three years. Your bank offers interest 5.5% per year, compounded…

A: In case of Continuous compounding,Future Value = Present value x e^(r*t)wherePresent value = Amount…

Q: F4. You deposit $10,282 at the end of each year for the next 18 years. Your deposits earn 10…

A: The Future Value of Ordinary Annuity refers to the concept which determines the sum total of all the…

Q: James deposited RM150 at the beginning of each month for two years into his savings account. For the…

A: Monthly compound interest refers to the interest that is compounded on a monthly basis, which is…

Q: What lump sum of money must be deposited in a bank account at present time so that P 500 monthly can…

A: An annuity is a sequence of payments or deposits occurring at equal intervals of time for a given…

Q: If you wish to withdraw $200 at the end of EACH of the next 3 years earning 3.5% per year, what…

A: Present Value of annuity refers to the current value of all the series of payments or income at…

Q: Nina deposited RM 500 every 3 month for 10 years into a saving account that paid interest 7%…

A: The formula used is shown:

Q: Hamilton wants to accumulate ₺ 24.000 at the end of 4 years. It starts quarterly payments in a bank…

A: Amount at the end of 4 years = 24000 Total Terms(n) = 4*4 = 16 quarters Anbuak rate =6% Quarterly…

Q: 4. How much should you deposit in an account so that you can withdraw $5300 every year for the next…

A: Given that, Annual Withdraw (A)=$5300 Duration (n)=18 years Rate of interest (i)=6% or 0.06   Amount…

Q: RM23,500 was invested in a bank for 3 years 7 months. If the interest rate offered was 9.6%…

A: Using excel FV function

Q: A bank account pays 5.2 % annual interest compounded semiannually. How much money should be…

A: The amount to be deposited today can be calculated with the help of present value function Future…

Q: w much interest will be earned at the end of 2 years

A: The interest earned at the end of 2 years is the difference between the future value at the end of…

Q: . Sheila deposited RM1,000 every month into an account at 8% compounded monthly. Find the amount in…

A: Information Provided: Payment = RM 1000 every month Interest rate = 8% compounded monthly Term = 6…

Q: 3. Suppose $100 was deposited in 2022 into an account that earns 5% interest, compounded annually.…

A: Compound interest: It is the amount of interest which is determined on both principal amount…

Q: 7. You owe your best friend $2,700. Because you are short on cash, you offer to repay the loan over…

A: The regular periodic payments made at each periodic interval indicates an annuity payment. The fixed…

Q: A man deposits P300 at the end of each 6 months in a bank paying 2% semi-annually. How much will he…

A: Compound interest is a concept in finance that refers to the interest earned not only on the initial…

Q: 2 (C). You have an outstanding loan currently. The bank requires you to pay in three installments at…

A: Explanation : In the given case, to be indifferent between the two options, the final payoff value…

Q: A man deposited P5,000 in a bank at a rate of 10% per annum for 9months and 25days. Find the…

A: Future value of deposits is the sum of all the deposits compounded using the provided discount rate.

Q: How much money would you need to deposit today at 7% annual interest compounded quarterly to have…

A: Given: Future Value of deposit "FV" = P16000 Annual interest rate = 7%  Number of compounding "m" =…

Q: 7. If you want to collect ¢ 5,000,000 in 4 years and for this you make deposits every end of the…

A: N = 4*12 FV = 5,000,000 rate = 18%/12 PV = 0 use PMT function in Excel value of deposit before…

Q: Hamilton wants to accumulate ₺ 24.000 at the end of 4 years. It starts quarterly payments in a bank…

A: Amount at the end of 4 years = 24000 Years = 4 Terms(n) = 4 *4 = 16 quarterly deposits Rate (r) = 6%…

Q: Hamilton wants to accumulate $170.000 at the end of 4 years. It starts quarterly payments in a bank…

A: in this you have to find out future value FACTOR and find quarterly payment.

Q: Your mother deposit P1,000 in an account that pays 12% interest, compounded quarterly. How much will…

A: Investments are the deposits made in some accounts and financial instruments that pay returns and…

Q: 1. Nina deposited RM 500 every 3 month for 10 years into a saving account that paid interest 7%…

A: Compounding all the cashflows of today to the future date will provide future value.

Q: Subject : - Finanace  assume you currently have a chase sapphire preferred card with a balance of…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: Your bank pays an interest rate quoted as 5.0% per annum compounded semi-annually. You invest $1,000…

A: Semi-annual interest rate (r) = 5%/2 = 2.5% Number of Semi-annual compounding (n) = 5 years x 2 = 10…

Q: Q1) A man deposited $10,000 in a bank saving account that pays X % / year compounded monthly. He…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: 7. How much must Brix place in his account at the end of each month in order to have P125,000 at the…

A: Since the given post has multiple questions, only the first question is answered here. If you want…

Q: It is now January 1. You plan to make a total of 5 deposits of $300 each, one every 6 months, with…

A: a.First we have to calculate the future value of 5 deposits of $300 each made every 6…

Q: A man borrowed P 150,000.00 from the bank payable on the 1st day of every month for 2 years. If he…

A: An interest rate is a rate that is the cost of borrowing money.

Q: Skippy wants to have $16,000.00 in 7 years. His bank is offering an account that earns 2% compounded…

A: Compound = Monthly = 12Future Value = fv = $16,000Time = t = 7 * 12 = 84Interest Rate = r = 2 / 12 %

Q: 4a. Suppose two $100 withdrawals are made, the first in 2022 and the second in 2026, emptying an…

A: While analyzing the time value of money, the present value of 2 withdrawals should be equal to the…

Q: Q2. Deposits are to be made to an account as indicated in the table below which bears interest at…

A:

Q: You have to repay a liability of $30,000 after 3 years from now. A bank is offering you 9% fixed…

A: A monthly deposit refers to an amount that is deposited every month in the bank on which the bank…

Q: What lump sum of money must be deposited into a bank account at the present time so that ​$600 per…

A: Monthly withdrawal (C) = $600 Monthly interest rate (r) = 0.0025 (i.e. 1 / 400) Number of monthly…