A store is expected to generate $10,000 in earnings next month.  How much earnings will be accumulated by the end of the year if the earnings are projected to grow by 30 basis points (0.3%) each month, and if the interest rate is 3.72% APR compounded monthly?

Q: Consider a uniform series of cash flows.  The first cash flow of $10,000 occurs at time 10 and the…

A: A cash flow is the movement of funds over a predetermined time period into or out of the financial…

Q: Compound interest is a very powerful way to save for your retirement. Saving a little and giving it…

A: Formula for the future value of annuity is given as:

Q: A bank account pays 4.5% annual interest, compounded monthly. How much must be deposited now so that…

A: Here, given information is: Interest rate (r): 4.5% annually Compounding period (m): 12 (monthly)…

Q: The rebate offer is $3700, and you can obtain a car loan at your local bank for the balance at 5.74%…

A: A monthly payment is a fixed amount of money paid every month to pay off a debt or a loan. It…

Q: If you invest $150,000 at an interest rate of 10% (annual rate) compounded monthly, what is your…

A: Answer - $150,000(1.0083)24

Q: The monthly average cable TV bill in 2017 is $81.61. If cable costs are climbing at an annual rate…

A: Monthly average in 2017 = $81.61Increase in annual rate (r) = 7% per yearn= 2021 - 2017 = 4 years

Q: - Consider a series of cash flows that begins with $1000 received at the end of year 7. At the end…

A: The pattern of increasing cash flow refers to a series of cash flows in which the amount of cash…

Q: You invest $5,000 per year at 8% nominal interest compounded quarterly. What is the future value…

A: Compound Interest is the interest calculated on the initial principal and also on the accumulated…

Q: 6. Find the future value of RM10,000 which was invested for (a) 3 years at 6% compounded annually.…

A: ITEM 6To find the future value of the investments given the different compounding periods, we can…

Q: Leon and Heidi decided to invest $2,500 annually for only the first seven years of their marriage.…

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

Q: Save At age 20, a person deposits $355 in a savings account paying 1% interest compounded…

A: Here, given information is: Principal amount (P): $355 Interest rate (r): 1% Time period (n): 70…

Q: 4-51. A cash flow series increases geometrically at the rate of 6% per year. The initial payment in…

A: Cash flow in economics refers to the movement of cash in and out of a business or household. It…

Q: Suppose you were given a one time gift of $10,000 to put into a savings account. The account earns…

A: Compound interest is the rate of interest that is used to calculate the value added to a loan or a…

Q: If the sum of Php 15,000 is deposited in an account earning interest at the rate of 12% compounded…

A: In the question above, it is given that : Sum of money = Php 15,000 Rate of Interest = 12% = 0.12…

Q: A series fequal quarterly payments of $5,000 for 10 ears is equivalent to what present amount t an…

A: here we calculate the given by following method as follow;

Q: Question 5. Suppose that an economy has the real GDP growth of 1% in a given year, the money supply…

A: a. growth rate of output=1%growth rate of the velocity of money=5%growth rate of the money…

Q: car loan at an interest rate of 9% compounded monthly to be repaid over 60 months, where 9% is the…

A:

Q: A bond pays a semiannual coupon, and the last coupon was paid 61 days ago. If the annual coupon…

A: The annual coupon payment = $75 The last coupon paid = 61 days ago Accrued interest =?

Q: Elmo borrowed $30,000 from the Statler & Waldorf Bank at 12% APR, compounded monthly. The loam is to…

A: here we calculate monthly loan payment amount by following method as follow;

Q: What amount will be accumulated by a present investment of P18,200 in 6 years at 3% compounded…

A: As given Future worth = 18200 Time period = 6years Interest rate = 3% compounded quarterly

Q: The monthly average cable TV bill in 2017 is $71.88. If cable costs are climbing at an annual rate…

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