Q: Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following…
A: First deposit = P 1000 Annual increase = P 500 Period = 4 Years Annual interest rate = 10%
Q: Calculate (a) the interest payable and (b) the total amount owing on the following deposits at…
A: As posted multiple independent questions we are answering only first question kindly repost the…
Q: Assuming a 360-day year, the interest charged by the bank, at the rate of 12%, on a 90-day,…
A: Interest charged = Notes Payable x Interest rate x 90/360
Q: Assume an individual is wanting to determine the monthly deposits if after 1 year based on monthly…
A: Future Value = 12,336.42 6% Continuous Compounding
Q: Suppose on January 1st you deposit $100 in an account that pays a nominal interest rate of 11.33463%…
A: Principal, P = $ 100Nominal interesr rate = Inom = 11.33463% Daily interest rate, Rdaily = Inom /…
Q: after six months you deposit R1700 jnto an ordinary savings account, at 7,5% interest per anum,…
A: In this we have to calculate future value using future value formula.
Q: Suppose that you deposited $1,000 in a savings account at the beginning of a year where the annual…
A: Deposit = $1,000 Annual interest rate = 18% Compounding = monthly
Q: Suppose you make quarterly deposits of $1,500.00 into an account that pays an interest at a rate of…
A: Answer: Calculation of the balance in the account at the end of year 2: Formula, we will use here,…
Q: If a deposit of $100 is made on the first day of each month into an account that pays 6% interest…
A: The compounding method is used to determine the future value of cash that is deposited today. Given;…
Q: How long will it take to $200 of interest if $1000 has been deposited into an account with an…
A: Time value of money tries to impart the concept and importance of monies worth today as compared…
Q: Determine the interest rate earned on a $450 deposit when $475 is paid back in one year.
A: This question require us to compute the interest rate. Other details : Present value = $450 Future…
Q: Find the compound interest earned if PhP 31,496 is deposited in a bank at 2.6% compounded monthly…
A: Present value is the sum of the current value of money of future cash flows. It is also known as a…
Q: If $7,128 is deposited into an account that earns simple interest and it takes 9 years to earn…
A: Interest earned is 1796.26 No of years =9 Annual interest is = 1796.26/9 = 199.58
Q: compute the initial value of the money if the borrower needs deposit the accumulated amount of…
A: With the application of time value of money, we can compute the initial deposit which will become $…
Q: Lucinda placed $12,000 in a 16-month term deposit paying 5.05% simple interest. How much will the…
A: Deposit amount = $12000 Period = 16 Months Interest rate = 5.05%
Q: 7,500.00 is deposited in a savings account at 6.5% rate of interest compounded quarterly for 25…
A: The amount of money invested over a period of time with the assumption of investment growth at a…
Q: Find the compound interest earned if PhP 52,738 is deposited in a bank at 3.7% compounded monthly…
A: Compound Interest = P(1+r)^t - PWhere P = Principal = PhP 52,738R = Rate on interest = 3.7% / 12 =…
Q: Determine the amount after 6 years assuming P25,000 was the initial deposit and succeeding deposits…
A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…
Q: Determine the interest rate earned on a $200 deposit when $208 is paid back in one year.
A: In this question we require to compute the interest rate that will make deposit of $200 into $208 in…
Q: A- A person deposited $40,000 at a bank at an interest rate of 16% compounded quarterly. Find the…
A: Deposited amount= $40,000 Interest rate (r)= 16% Compounding Frequency (n)= quarterly Effective Rate…
Q: a $1,400 deposit when $1,800 is paid back in one year. (Round your answer to 2 decimal places.)
A: Interest earned is the amount of interest gained from assets that pay the bearer a regular series of…
Q: Suppose you invest $1,500.00 in an account with an annual interest rate of 6% compounded monthly (6%…
A: Monthly deposit = $125 Monthly interest = 0.5% In contrasts to a fee that the borrower may pay the…
Q: It is necessary to invest a Term Certificate of Deposit with the amount of $ 500,000 for a term of…
A: Certificate of Deposit - It is Issued by banks for a specific term in return a rate of interest. It…
Q: Suppose you invest $1,000.00 in an account with an annual interest rate of 6% compounded monthly…
A: To complete this table we have add simple interest on ending balance and then add deposit balance to…
Q: You have a 2-year certificte of deposit in the bank. It is paying 6% annual interest, compounded…
A: Certificate of Deposit (COD) is a definite term deposit facility which provides higher interest than…
Q: An engineer deposits $8500 every semiannual(first deposit will be 6 months later) into a savings…
A: Semi Annual Deposit = 8500 Total Semi Annual Periods = 32 (16 years) Interest Rate = 18% Monthly…
Q: Compute the present value of a $2,000 deposit in year 1 and another $2,500 deposit at the end of…
A: The provided information are: Cash flow in year 1 (PMT1)= $2000 Cash flow in year 4 (PMT4)= $2500…
Q: James made an initial deposit into an account of $1,000 at time t = 0, followed by five annual…
A: Present Value(PV) refers to current value of amount that is to be paid or received in future. It is…
Q: Suppose that you deposit $15 at the end of each month into a savings account that pays 2% interest…
A: Following informations are given in the question:
Q: Regular quarterly payments of $6000 are deposited into an account paying 3.19% interest, compounded…
A: Annuity means finite no. of payments which are same in size and made in equal intervals. Person gets…
Q: Assuming a 360-day year, the interest charged by the bank, at the rate of 6%, on a 90-day,…
A: Interest charged by the bank = Amount of notes payable x rate of interest x no. of days / 360
Q: Determine the simple interest and the accumulated amount on ₱4,000.00 deposited in a bank at a rate…
A: Given Information: Interest Rate = 8% Time Period of loan = 11 months and 15 days Principal amount =…
Q: Compute the present value of a $5,800 deposit in year 1, and another $5,300 deposit at the end of…
A: Present Value is the Value Currently for the Future deposits or proceeds To Calculate the Present…
Q: Determine the interest rate earned on an $800 deposit when $808 is paid back in one year.
A: In this question we need to compute the interest rate from following details : Initial deposit…
Q: Your bank offers you a personal loan of $22,000.00 at an interest rate of 4.69% compounded…
A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…
Q: An account pays 3.3% interest compounded quarterly. Marson will make a regular deposit at the end…
A: Interest - Interest is a regular payment that is made at a certain rate of interest for a fixed…
Q: Deposits are made at the end of years 1 through 7 into an account paying 5% per year interest. The…
A: Time value of money- It is based on the concept that money earned today is worth more than similar…
Q: Calculate the amount of money that will be in each of the following accounts at the end of the given…
A: Future value is the value of present amount at some specified future period and interest rate. It…
Q: A deposit of $50,000 is made into an account that pays 10% compounded semiannually. How much would…
A: Introduction: Amount which is deposited into an account now is referred to as present value. The…
Q: Find the accumulated amount of P 1000 after 5 years when deposited in a bank at a rate of 16%…
A: Future value: It is the future worth of the sum of money compounded at a particular rate of…
Q: each subsequent deposit If the account earns an a of 4%, what is the accum after 12 years? 1,850…
A: The future value of deposit increase with increase in deposit and interest accumulated over the…
Q: Determine the interest rate earned on a $2,300 deposit when $2,600 is paid back in one year. (Round…
A: Future value = Present value * (1+interest )^n N is no. of years.
Q: A deposit of $2500 is made into an account drawing 3.6% interest compounded monthly. Find the future…
A: The future value concept can be used to derive the future value of a present sum or the future value…
Q: If you deposit $2000 in an account that pays 3.6% with quarterly compounding, what is the balance…
A: given, pv = $2000 r = 3.6% m =4 n= 6
Q: Deposit $10,000 in account with 7% annual interest compounded monthly. What is the balance after 3…
A: Solution:- When some amount is deposited, it earns some interest. The amount at the end along with…
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- Determine the interest rate earned on a $1,400 deposit when $1,800 is paid back in one year. (Round your answer to 2 decimal places.)You decide to deposit $103 monthly in a 2.98% annual interest bearing account over the next 8 years. What is the gross amount actually placed in the account?You deposited P5,000 from the savings of your daily allowance in a time deposit account with your savings bank at a rate of 1.5% per annum. This will mature in 6 months. Compute the annual interest, total interest, and amount to be received or paid at the end of the term for this scenario above using a simple interest assumption and compound interest assumption.
- Find the future value of each deposit if the account pays (a) simple interest, and (b) interest compounded annually. $300 at 3% for 7 yearsDirection: Compute the annual interest, total interest, and amount to be received or paid at the end of the term for the scenario below using a simple interest assumption and compound interest assumption. You deposited ₱5,000 from the savings of your daily allowance in a time deposit account with your savings bank at a rate of 1.5% per annum. This will mature in 6 months.Robert deposit $5000 into an account paying simple interest at a rate of 2.5%. A. Give the future value after three months. B. Give the future value after seven months.
- An amount of money P is deposited in a savings account that pays interest at a rate of r percent per year compounded quarterly; the principal and accumulated interest are left in the account. Find a formula for the total amount in the account after n years.Determine the value at the end of five years of a $7,000 investment (today) in a bank certificate of deposit (CD) that pays a nominal annual interest rate of 9 percent, compounded under either of the following three terms. Round your answers to the nearest cent. Semiannually$ Quarterly$ Monthly$Compute the future value of a $1500 deposit, after eight years, in an account that pays an interest rate of 7% that compounds monthly. How much interest will be paid to this account?
- Consider a $1,800 deposit earning 10 percent interest per year for 7 years. How much total interest is earned on interest (excluding interest earned on the original deposit)?You are able to make a current deposit in the amount of $21,605.49. The expected discount rate is 9.6%. Interest is earned on an annual basis. The time period is 10 years. What is the size of the annual withdrawal possible under these circumstances? a. $2,160.54 b. $3465.00 c. $3,456.00 d. $4,356.00Determine the amount of money in a savings account at the end of 5 years, given an initial deposit of AED 40,000 and 8 percent annual interest rate when interest is compounded (a) annually, (b) semiannually, and (c) quarterly.