Deposit of P1,000 is made at the end of the first year and increases by P 500 for the next following years up to 4 years. Find the equivalent single deposit if it earns on an account @ 10% compounded annually.

Q: If you invest $300 per month at 5.90% compounded monthly, how much will your investment be worth in…

A: M = P×({[1+i]n-1}i)×(1+i)    where, M = amount received upon maturity P = amount invested at regular…

Q: Please show work

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A:

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A: Here we calculate the amount of the quarterly deposits by using the given cashflow , so the…

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A: here we calculate the balance after 40th deposit by calculating the future value , so the…

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A: The formula used in the compound interest is  =P[1+(r/m)]mt-P A = the future value of the…

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A:

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A: Formula for the future value:  F = P(1+R)^t Where; F: Future value P : Present value R : PA rate of…

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A: The compound interest refers to a situation whereby interest income corresponding to an…

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A: In this question we have to find out the principal value with the help of the above information.

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A: Note: “Since you have posted a question with multiple sub-parts, we will provide the solution only…