Abdullah deposits OMR 29494 at the end of every year for 4 years and the deposit earns a compound interest of 3% per annum. Calculate the amount at the end of 4th year?

Q: What will be the equivalent future amount after 5 years of a sum of $1500 with compound interest…

A: Compounding is the technique to compute future value of present amount by using CVF or appropriate…

Q: Abdullah deposits OMR 23550 at the end of every year for 4 years and the deposit earns a compound…

A: Individuals save for the future using various financial instruments that provide returns as per…

Q: Question 6 What is the amount you can withdraw at the end of 20 years if you make $1,500 monthly…

A: Future value of ordinary annuity = A x [(1+i)^t - 1] / iwhereA = Periodic cash flow = Monthly…

Q: which one is correct please confirm?  Q1: "I invest GBP500,000 for one year in a deposit which…

A: Future Value(FV) is value of current amount at future point of time. It is computed by compounding…

Q: Abdullah deposits OMR 28604 at the end of every year for 4 years and the deposit earns a compound…

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

Q: 3. Miss Aisha deposited RO 5000 in a fixed deposit at 5 % interest compounded semi-annually for 5…

A: Amount deposited now = RO 5000 Interest Rate(r1) = 5% compounded Semiannually = 5% /2 = 2.5% Years =…

Q: ou invested $5,000 into a certificate of deposit (CD) today and agreed to leave it in the CD for the…

A: Future Value Future value is what a sum of money invested today will become over time, at a rate of…

Q: An investor received a promissory note for $120,000 at an interest rate of 8% on July 15 with…

A: Value of Promissory Note is $120,000 Interest Rate is 8% Issued Date is July 15 Maturity Period is…

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: 5. Find the amount of interest earned in the following deposit: $12,699.36 at 5% compounded…

A: The concept of time value of money will be used here. As per the concept of time value of money the…

Q: man

A: Step 1 Answer:   For first 5 years, r= 10% compounded annually   For next 5 years, r= 12% compounded…

Q: Mark Welsch deposits $7,100 in an account that earns interest at an annual rate of 4%, compounded…

A: Present Value = pv = $7100Compound = Quarterly = 4Interest rate = r = 4 / 4 = 1%Time = t = 2 * 4 = 8…

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: A pensioner borrowed P 10000 and promised to pay the amount of P8200 from the lender after it was co…

A: Discount on the borrowed is related to interest rate on the borrowing amount but normally more than…

Q: If vou deposit $5060 al 6 5% compounded semiannually, what will the total amount after 16 years?

A: The present when compounded at a given interest rate for a given period of time gives the future…

Q: 49 A businessman borrowed P310,000 with interest at the rate of 4.7% compounded semi-annually. He…

A: Information Provided: Amount borrowed = 310,000 Interest rate = 4.7% compounded semi-annually…

Q: 4. A young engineer at the age of 25 wants to accumulate the amount P3.5M when he retires at the age…

A: Monthly deposits can be calculated using following formula in excel.   PMT(rate, nper, pv, [fv],…

Q: What amount of money deposited 70 years ago at 3% interest would provide a perpetual (i.e. infinite…

A: Perpetual Amount Formula = Annual Amount/ Interest rate  Annual Amount = $ 23,000 Interest Rate = 3%…

Q: A person borrowed a certain amount at a simple interest of 3% annually and agreed with the creditor…

A: The question is based on the concept of Financial Management.

Q: i need both soluton

A: Let's dissect each query and offer a more thorough justification. 42. Michael pledged to repay…

Q: ha.3

A: Calculate the Future Value (FV) of the loan at the end of the 5th year:The formula for compound…

Q: if $875 000 is saved for retirement, what rate of interest, compounded semi-annually, will provide…

A: We will use the concept of time value of money here. As per the concept of time value of money the…

Q: A man wishes to have 280,000.00 when he retires 15 years from now. If he can expect to receive 4%…

A: Annual Interest rate is 4% Type of annuity is begining of year Future Value is P 280,000 Time period…

Q: Nicole is planning for retirement. she deposits $825 at the end of each year in an ordinary annuty…

A: Data given: Money deposited at the end of each year = $825 Interest rate=4% compounded annually.

Q: No tables, only formulas, please Someone deposits £10,500 each year into a tax-free savings plan…

A: Annual deposits = 10,500Period = 20 yearsThe interest rate for the first 10 years = 6% compounded…

Q: Abdullah deposits OMR 26417 at the end of every year for 4 years and the deposit earns a compound…

A: An annuity is the fixed payment that an investor receives from an investment or fixed deposits made…

Q: None

A: Step 1:  Identify the given values:P (annual deposit)r (annual interest rate)n (number of years)…

Q: A businessman obtains a loan of $100,000 for a 5-year term with an interest rate of 7% per year,…

A: The loans are paid by periodic payments and these payments carry the payment for interest and loan…

Q: Determine the future amount of money that will be withdrawn when i= 12% per year, compounded…

A: Using excel FV function

Q: in the amounts of money in the two accounts after 23 years? f these options are correct 2.40 5.94

A: Simple Interest is a simple way of calculating interest  where the principal amount remains constant…

Q: Abdullah deposits OMR 28202 at the end of every year for 4 years and the deposit earns a compound…

A: Given: Annual deposit = OMR 28,202 Years = 4 Interest rate = 3%

Q: Sandra deposits $3000 at the beginning of each semiannual period for 16 years at 8% interest…

A: Interest Rate -  The fees assessed to the borrower in exchange for the assets taken from the lenders…

Q: Today is Derek's 25th birthday. Derek has been advised that he needs to have $2,063,188.00 in his…

A: Future value is the value that is received in the future time period, In this amount, the Interest…

Q: Abdullah deposits OMR 1200 at the end of every year for 20 years and the deposit earns a compound…

A: FV is the future worth of cash flows that have occurred in the past or present.

Q: Required: 1. What is the annual payment (round to the nearest $)? %$4 2. What are the total interest…

A: Amortisation of Loan concept  Annual Equal Annual Payment