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Ayesha wants to deposit 300 per year in a bank for the next 10 years. The bank pays annual interest rate of 8%.
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- Ayesha wants to deposit 300 per year in a bank for the next 10 years. The bank pays annual interest rate of 8%.Cheryl is setting up a payout annuity with her bank. She wants to receive a payout of $1200 per month for 20 years. A. How much will she have to deposit if she earns 8% interest compounde monthly? B. What's the total she will receive from her payout annuity?Karen wants to have $22,559 in her investment account in 5 years. If her bank offers an annual compound interest rate of 1.2% with monthly compounding, how much should she deposit today? Round your answer to the nearest dollar.
- Karen wants to have $22,011 in her investment account in 6 years. If her bank offers an annual compound interest rate of 2% with monthly compounding, how much should she deposit today?Ms. Perez wants to invest in a savings account with interest rate of 9% per year. She decided to make annual deposits of P40,000 for 10 years with the first payment being today. Determine the present worth of Ms. Perez’s savings account.What will be the deposit amount for Jane if she wants to buy a car within 7 years with a price of BDT2500000 and the Bank interest rate is 9%? Remember that Jane wants to make those payments in advance of each Quarter.
- Jane wants to receive yearly payments of $15,000 for 10 years. How much must she deposit at her bank today at 11% interest compounded annually?Sofia wants to start saving immediately for a trip to Hong Kong one year from now. She wants to accumulate P220,000 for the trip. Her savings account pays 12% compounded bimonthly. What must she deposit at the beginning of every two months to reach the target in one year?Jack would like to have RM 500,000 in his bank account in exactly 20 years to fund his retirement in Sabah. He opens an account today with a deposit of RM Y and each subsequent annual deposit will increase by 5%. Jack plans to make a total of 20 annual deposits. The annual effective interest rate is 6%. Determine Y.
- Betty wants to invest a monthly sum of money in order to accumulate R100000 in seven years. How much must be the deposit monthly if her bank offers her an interest rate of 6% per annum compounded monthly? What if she was given an interest rate of 8%?Mrs Sam has deposited $ 18,000 in a bank at the rate of 7% per annum. Find out how much she will receive after 12 years? Also comment on what effect will she get on her initial deposit if the rate is changing to 10% if she still willing to receive the same sum after 12 years.Jona has decided to deposit ISK 200, 000. deposit into a bank account, annually, for the next 5 years, which is then a total of ISK 1, 000, 000. The first payment is in exactly 1 second (ie immediately) and then there are 4 payments after that. Interest on the account is 8% per annum for the first 2 years and then 6% per annum after that. How much will Jóna have in the account after 5 years? Group of answer choices ISK 1, 267, 186 ISK 1,210, 023 ISK 1, 277, 538 None of these are correct ISK 1, 276, 558 ISK 1,410,023