A person wishes to get 800$ at the end of second year and 900$ at the end of fifth year, if rate of interest is 12% how much he has to deposit in the bank today? Select one: a. 1220$ b. 1271$ c. 1160$

Q: How much money do you need to deposit in a bank account now so that you can years forever if the…

A: Withdrawal amount for every 6 years = $10,000 Number of years = 6 Interest rate (i) = 6% Deposit…

Q: If Sabrina puts $1,000 in the bank today at 6%, what amount will she have in 3 years?  a. 1,060.00…

A: Given that  Present value = $ 1000 Rate (r) = 6% Time period (t) = 3 years

Q: A friend asks to borrow $54 from you and in return will pay you $57 in one year. If your bank is…

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

Q: Assume you deposit $1,000 today in an account that pays 8 percent interest (compounded annually).…

A: Given: Present value = $1,000 Years = 4 Interest rate = 8%

Q: 8. Given that Stephanie’s bank offers an interest rate of 6% per year, what additional amount…

A: Given: Particulars Pan Elixir Rebound Cheers Think local Last year dividend $2.50 $0.50 $1.00…

Q: What amount will Miley need to put in the bank today at 4% interest in order to have $20,000 in 5…

A: Present value method is used to evaluate the different level of investment projects. With the help…

Q: You deposit $725 today in a savings account that pays 6% interest, compounded annually. How much…

A: Future value, or FV for short, is a term used in finance to describe the estimated monetary value of…

Q: If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest…

A: future value = present value*(1+rate)^n future value = 8854*1.08^7

Q: Assume 2% interest rate. If $50 is put in the bank on May 1, 1988, how much will be in the bank on…

A: The future value of the money is an accumulation of the invested money with a certain rate of…

Q: (a) To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9780. What…

A: It represents a short-term debt obligation that is backed by the Treasury Department of the United…

Q: A person opens a bank account with a deposit of $150 what is the future value of this amount after 3…

A: In the Given Question we are required to calculate the future value of $150 deposited today for 3…

Q: You deposit $2,000 one year and $1000 next year starting year 1 until year 30 with an interest rate…

A: The given problem is calculated using Excel. Interest amount = Opening balance X interest rate…

Q: If you deposit $20,000 per year for 18 years (each deposit is made at the beginning of each year) in…

A:

Q: You want to have $65,000 in your savings account 11 years from now, and you're prepared to make…

A: Solution:- When an equal amount is deposited each period at end of the period, it is called ordinary…

Q: If $235,000 is deposited now, how much annuity at the end of each year can a person get annually…

A: Deposit amount (D) = $235000 n = 3.5 years r = 8% Let annuity at the end of each year = A

Q: 3. Jeff has one savings account with the interest rate of 3.3% in a bank. If he deposits 1200 pesos…

A: Interest is an additional amount which is earned on deposited amount over the period. It is income…

Q: Starting tomorrow, you plan to withdraw equal amounts from the accor END of each of the next four…

A: Present value is the equivalent value of money today of future money to be withdrawn in future.

Q: 18. A man will deposit 200 with a savings bank at the beginning of each 3 months for 9 years. If the…

A: Question 18 pertains to annuity due. Annuity due is that annuity in which payments are made at the…

Q: Jabari Williams wants to have $112,000 in his account exactly 20 years from today. The account earns…

A: Future value required=$112000Period=n=20yearsInterest rate=r=8%

Q: Suppose that you deposited $1000 in your savings account that earns 10% annual interest. How much…

A: Present Value in account = $1000 Annual interest rate = 10%  Time period = 3 years

Q: 1. In a bank account that pays interest 2% p.a, what should you deposit now to have a balance of…

A: Future value is the amount that existing assets are worth at a specific future date after they have…

Q: As a new parent, you decided to make annual deposits into a saving account with the first deposit…

A: Present value is the present worth of any sum of money to be received in the future at a specified…

Q: 7. You deposit R1 000 annually at the beginning of each of five years into a savings account paying…

A: Introduction: Future value can be referred to as the value of an underlying asset or security at a…

Q: Ever since your first birthday, your parents have been depositing $1,000 into a college savings…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: Question 1 Itranscript Listen. You deposit $438 today into a bank account that earns 15% annually.…

A: Future Value is that amount which will  be received by the investor at specified period of time at…

Q: 9. Suppose you need $1,000 ten years from now to settle your university education fees. If the…

A: Using the PMT function

Q: If you wish to accumulate $205,000 in 6 years, how much must you deposit today in an account that…

A: Future value (FV) = $205,000 Interest rate = 15% Monthly interest rate (r) = 15%/12 = 1.25% Period =…

Q: 5. Suppose that the parents of a young child decide to make annual deposits into a savings account…

A: Effective annual interest(EAR) is the rate which a fixed-interest account provides in one year after…

Q: Your grandmother has been putting $2,000 into a savings account on every birthday since your first…

A: Future value of ordinary annuity is the total value of all accumulated annuity payments at a future…

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

A: The objective of the question is to understand the cash flow timeline from both the borrower's and…

Q: How much money must an electrical contractor deposit every year in her savings account starting 1…

A: Interest rate = 7.5% Future Value = $9,000 Time period = 5 years

Q: A3) Finance Ahmad deposits $1,200 in her bank today. If the bank pays 4 percent simple interest, how…

A: Interest is defined as the price that is paid by the borrower for the money borrowed by him or the…

Q: How much should you deposit in an account so that you can withdraw $5300 every year for the next 18…

A: Using excel PV function

Q: After how many months will an annuity earning 2.4% annually be worth $500 if $25 is deposited…

A: Interest Rate = 2.4% Annually Rate = 2.4%/12 = 0.2% Future Value (FV) = $500 Monthly Deposit (PMT) =…

Q: If you deposit $25,000 per year for 13 years (each deposit is made at the end of each year) in an…

A: The question is based on the concept time value of money. The future value is defined as the value…

Q: 2. You travel back in time to London in 1642. You deposit the equivalent of $1000 in a bank that…

A: Simple Interest is a type of interest method which calculates interest on a given amount with simple…

Q: If in your Allied Bank account you deposit Rs.15,000 at the end of each year at 14% interest rate…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: If a 6 month term deposit at a bank pays a simple interest of 3%, how much will have to be deposited…

A: The time value of money means today's money worth is more than the worth of money tomorrow.…

Q: If you would like to have $ 10,000 after 8 years, how much money should you deposit now if the…

A: Given:

Q: Alfredo wants to know how much he must put in a bank account today to have within 14 years an amount…

A: Here, To Find: Conversion rate to the current dollar and the present value of an investment with…