A friend asks to borrow $48 from you and in 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?

Q: If you deposit OMR 12200 in your account in a bank. If your bank pays 8.15% interest, how much will…

A: The value of a current asset at a future date based on an expected rate of growth is known as future…

Q: You need to turn $11,827 dollars into $18,864 dollars in 7 years.  Assuming you make no extra…

A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per periodn = no. of compounding…

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Q: What rate offered by bank?

A: To find the PV of future sum, formula used is: PV = FV/(1+r)^n

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A: Future value is the value of present cashflow compounded to future date at specified rate. formula:…

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A: The future value is the amount that will be received at the end of a certain period. In simple…

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A: When interest is compounded multiple times in a year: Future value = Present value *(1+r/m)n*m  r is…

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A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

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A: Future value of an amount is calculated as follows:  FV = PV*(1+r)t Where,  FV = Future value of…

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A: Deposit now = P 1750 Deposit after 2 years = P 3050 Withdraw after 5 year (3 Years after last…

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A: Monthly interest rate can be calculated by excel formula PMT and by IRR formula with series of cash…

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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…

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A: Future  value= Present value × (1+ periodic rate)^n where, N= number of period  Periodic rate= 8.5…

Q: Suppose someone offered to sell you a note (an investment) that calls for $1,000 payment two years…

A: .Future Value (FV) :FV represents the projected worth of an initial sum of money at a specific point…

Q: If you deposit OMR 7387 in your account in a bank. Suppose the bank pays 8% compound interest half…

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Q: PLEASE HELP ASAPThe client has made a deposit in the bank in the amount of 10,000$. The duration of…

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Q: You have just taken out a five-year loan from a bank to buy an engagement ring. The ring costs…

A: correct answer is option a)   year 0 year 1 year 2 year 3 year 4 year 5               cash…

Q: You lend a friend ​$13,000​, for which your friend will repay you ​$49,591 at the end of 6 years.…

A: Interest rate = (Future value / Present value)^(1/Time) - 1 where, Future value = $49,591 Present…

Q: You plan to borrow $1,000 from a bank. In exchange for $1,000 today, you promise to pay $1,130 in…

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Q: What ne future value

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Q: If you deposit OMR 24184 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: To open the "FV function" window - MS-Excel --> Formulas --> Financials --> FV.

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A: The question is based on the concept of calculating the present value of expected future cash flows…

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A: To calculate monthly saving for vacation future value of annuity formula will be used. To calculate…