Ahmed deposits in Alex Bank $25000 for 30 month at 8% per year, how much money will be owed at the end of period?

Q: You deposit $ 330 each month into an account earning 5.6 % interest compounded monthly for 2 years.…

A: Interest is the amount earned or paid by investing or borrowing the amount from another party.…

Q: For how long will Zack have to make payments of $114.00 at the end of every six months to repay a…

A: The objective of the question is to find out the time period Zack will take to repay his loan by…

Q: Alexandr makes 15 equal annual deposits of $1,000 each in a bank account paying 5% interest. How…

A: Future value refers to the anticipated value of an investment or asset at a specific point in the…

Q: Mr. Santos will deposit P10, 000 at the ABC bank at the end of each quarter for 2 years. If the bank…

A: Future value of an annuity can be computed by compounding each amount by using an appropriate…

Q: make $6,000 annual deposits into a retirement account that pays an APR of 10.9% compounded monthly.…

A: Future value of deposits will include the amount that is being deposited and amount of compound…

Q: Derek can deposit $266.00 per month for the next 10 years into an account at Bank A. The first…

A: ParticularsBank ABank BPeriodic Deposit,PMT $              266.00 $ 2,465.00Tenure,years1010Interest…

Q: Aidan deposits $1000 at the end of each quarter in an account that pays 5.25% per year, compounded…

A: Solution: An equal amount invested every period is called annuity. So, future value of annuity = PMT…

Q: jose has determine dhe need to have $800000 for retirment in 30 years. His account earns 6%…

A: Amount need to be deposited in the account each month can be calculated using the formula of future…

Q: You deposit $63000 into an account which pays 5% compounded semiannually. How much can you withdraw…

A: Given:Principal (P) = $63,000Rate (r) for every six months = 5%Semi-Annually Rate = 5%/2 = 0.025…

Q: At the end of every 6 months, Tomas deposits $20,000 into a savings account, which pays an annual…

A: Compound = Semiannual = 2Saving Deposits = d = $20,000Interest rate = r = 12.3 / 2 = 6.15%Time = t =…

Q: Alice Reed deposits $16,500 in Rye Bank, which pays 10% interest compounded semiannually.  What will…

A: In this we have to calculate the future value of the present value.

Q: Pascal has recently opened an RRSP. He plans to deposit $ 965 at the end of every month for 20…

A: Here,Monthly Deposit $         965.00Time Period in Years20Nominal Rate5.90%Compounding Period (Semi…

Q: For how long will Zack have to make payments of $114.00 at the end of every six months to repay a…

A: Loan amount = $3,460.00Semi-annual payment = $114.00Interest rate = 4%

Q: Anuonyam plans to deposit GH¢80 in an account at the end of each of the next 20 years. If the…

A: Principal = GH¢80 Time = 20 years Rate = 17% Future value = ?

Q: What should be the size of Gandalf's biweekly deposits in order to accumulate $50,000 in an account…

A: Bi weekly deposits:Bi-weekly deposits refer to the practice of making financial transactions every…

Q: SAVINGS ACCOUNTS If Jackson deposits $100 at the end of each month in a savings account earning…

A: We here need to use future value of ordinary annuity(payment due at end) formula for calculation of…

Q: New Scenario (Independent): If Samantha deposits $4,802 at the end of each month and withdraws…

A: Step 1: Step 2: Step 3:

Q: You plan to deposit $200 at the end of every six months for 8 years starting at the end of month 6.…

A: Answer: Calculation of the amount that will be available to withdraw at the end of year 15: The…

Q: How much will be in Amber's bank account after 2 years if the account pays 8% compounded…

A: Time period = 2 years  Interest rate = 8% Compounded = semi-annually  Semi-annual deposits =$800

Q: You invest $2,300 in a 4-year certificate of deposit (CD) that pays 3.2% interest, compounded…

A: In this question we need to compute the future value at the end of year 4.

Q: How much money must you invest today in order to withdraw 12,150 annually for 4 years of the…

A: Annual withdrawal = 12150 Monthly withdrawal (P) = 12150/12 = 1012.50 Period = 4  Years Number of…

Q: You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: You place £1,000 on deposit at an annual interest rate of 10% and make regular contributions of £250…

A: Solution:- When an amount is deposited somewhere, it earns interest on it. The amount initially…

Q: You are going to withdraw OMR5,000 at the end of each year for the next four years from an account…

A: Calculate the present value by using excel as follows: Present value is 16,198.60…

Q: Peter deposits $75 at the end of each quarter for 15 years into an account that pays 3.14%…

A: Given data; payment amount= $75 number of years = 15 annual rate = 3.14% compounding frequency = 4…

Q: You currently have $4,000 in a bank account that pays an annual rate of 1%, compounded monthly.  You…

A: Dear student, we need to use NPER formula to calculate number of periods(N) in excel.

Q: A man deposits ​$19,000 at the beginning of each year for 9 years in an account paying 6​%…

A: Future value refers to the method of time-value of money used for calculating the value of the…

Q: Marcus is expected to settle a loan by paying $6,000. What amount should he pay if he decides to…

A: Present Value refers to the discounted value of a single cash flow or multiple cash flows today…

Q: Derek currently has $11,753.00 in an account that pays 6.00%. He will withdraw $5,408.00 every other…

A: Savings Accounts is a deposit facility offered by commercial banks. It allows accountholder to…

Q: What monthly payments must you make to pay off the $50,000 loan at 8.4% compounded monthly over 3…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: Derek currently has $10,579.00 in an account that pays 6.00%. He will withdraw $5,474.00 every other…

A: Future value represents the future worth of existing cash flows. It is determined by compounding…

Q: Raquel will settle her debt my making quarterly payments of P5,800 for 3 years and 6 months but the…

A: Quarterly payment = P 5800 Period = 3.50 Years Number of quarterly payments = 3.5*4 = 14 Annual…

Q: security pays the holder $100 per month. What is the present value of the security if the next…

A: A future sum's present value is the current estimation of its worth. Investors determine the present…

Q: Daniel deposits $20,000 into an account earning interest at 6% per year compounded quarterly. He…

A: The concept of Interest can be determined as an amount paid for the use of money by an entity that…

Q: ou deposit $83000 into an account which pays 5% compounded monthly. How much can you withdraw at the…

A: You can withdraw interest forever

Q: Alvin has $16000 in his saving account. For how long can he withdraw $1600 be from the account at…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: er deposits P15,500 each quarter in a savings bank paying 12.5% compounded quarterly. If she desires…

A: Future value of amount include the amount being deposited and interest being accumulated over the…

Q: is 4% per annum compounded semi-annually? State your answer in years and months (from 0 to 11 He…

A: Loan amount=$3340Annual payment=$116Interest rate=4%Compounding semi annual.

Q: If I plan to avail of a loan today and I will pay it P7,338 every start of the month for 6 years…

A: monthly rate (r) = (1 + 11.6%/4)1/3 - 1 = 0.9575% FV = 0 N = 6*12 PMT = 7,338 use PV function in…

Q: How much should a family deposit at the end of every 6 months in order to have $ 4000 at the end of…

A: Variables in the question:FV=$4000N=3 yearsRate=4.6% (compounded semi-annually)Required: Amount to…

Q: A person deposits an amount of 500 dinars on the tenth day of each month of the year 2020, and if…

A: Annuity means finite no. of payments which are same in size and made in equal time intervals. Person…

Q: b) Starting from 1* October 2020 with a fresh bank account, Chong save RM25 into the bank account…

A: Future value is the worth of the current amount in some specified future date at given interest…

Q: You deposit $83000 into an account which pays 6% compounded semiannually. How much can you withdraw…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…