Alberto's bank guarantees him a return rate of 7.40% in year 2031, 8.40% in year 2032, 4.20% in year 2033 and 6.20 % in year 2034. If he deposits $10,000 at the end of year 2031 and $24.500 at the end of year 2032, how much will he have in his savings account at the beginning of year 2034? $33,141.85 O $39.107.39 $36,824.28 $38,200.16 $37,085.04

Alberto's bank guarantees him a return rate of 7.40% in year 2031, 8.40% in year 2032, 4.20% in year 2033 and 6.20 % in year 2034. If he deposits $10,000 at the end of year 2031 and $24.500 at the end of year 2032, how much will he have in his savings account at the beginning of year 2034? $33,141.85 O $39.107.39 $36,824.28 $38,200.16 $37,085.04

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

your aunt plans to give you the following amounts on cash $1,100 six months from today, $3000 one year from today, $2,300 eighteen months from today, $1,800 twenty four months from today and $1900 thirty months from today. how much money will you have in total after the last cash payment if you invest these cash payments at a rate of 7%
13) Rachel wants to take a trip to England in 3 years, and she has started a savings account today to pay for the trip. Today (8/1/02) she made an initial deposit of $1,000. Her plan is to add $2,000 to the account one year from now (8/1/03) and another $3,000 to the account two years from now (8/1/04). The account has a nominal interest rate of 7 percent, but the interest is compounded quarterly. How much will Rachel have in the account three years from today (8/1/05)?
A friend wants to borrow a sum of money from you today and will repay R20 000 in 3 years' time. How much are you willing to lend if the interest rate is 8%?
At the end of each of the next 8 years, you planto put $25,000 of your annual salary in thebank. If the annual interest rate is 3%, what isthe present value of this planned savingsstream? What will the balance in your bankaccount be at the end of the 8 year period?
You are promised yearly payments of 200 EUR forever from your fairy godmother. The first payment is coming in 2 years. Your bank is willing to lend you money at the interest rate of 7.0%. 1. What is the present value of the payments? 2. What if the payments started right now?
Yu plan to deposit $1,000 in Year 1, $1,200 in Year 2 and $2,000 in Year 4 in your savings account. Youthink that you can earn 6% per year. How much will you have in your account in Year 6?
if you deposit $190, $250, and $300 in a savings account at the end of the years 2017, 2018, and 2019 respectively how much money will be there in the account at the end of 2019 if you earn an interest of 5.3% per year on your savings?
Suppose Chris plans to make a $644 savings payment at the beginning of each month for 22 years with his first payment 10 years from today. Use this information and assume an interest rate of 5.91% per year to find the future value of his savings payments.
If you deposit OMR 19500 in your account in a bank; suppose the bank pays 6.15% compound interest yearly. Calculate future value of your money in 15 years. Select one: a. 49085.53 b. 47734.74 c. None of the option d. 51561.92 e. 50902.18
You wish to deposit $500 dollars per year. The first deposit will be on April 1, 2017, and your last deposit will be on April 1, 2026. How much will be in the account on April 1, 2050 if the bank pays 4% annually?

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