Funds are deposited in a savings account at an interest rate of 8% per annum. What is the initial amount that must be deposited to yield a total of P10, 000.00 in 10 years?
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Funds are deposited in a savings account at an interest rate of 8% per annum. What is the initial amount that must be deposited to yield a total of P10, 000.00 in 10 years?
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- Consider a $5,000 deposit earning 10 percent interest per year for ten years. What is the future value? how much total interest is earned on the original deposit? and how much is interest earned on interest?What are the present worth and the accumulated amount of a 10 year annuity paying P10,000 at the end of each year, with interest at 15% compounded annually? (Please show the cash flow chart, an answer must be in 4 decimal places)Consider a $5,000 deposit earning 10 percent interest per year for 10 years. What is the future value, how much total interest is earned on the original deposit, and how much is interest earned on interest?
- Assume that you deposited RM5,000 at the end of each year for 3 consecutive years in an account that pays an interest of 10 percent annually. How much is the future value for that annuity?The present value of a perpetuity with interest rate of 7.5% is $150,000. What is the annual cash flow amount?$360,000 is invested in a perpetuity at an interest rate of 5.2% per annum. a. Find the monthly payment that the perpetuity provides. b. After six years of monthly payments, how much money remains invested in the perpetuity?
- Determine the number of the years if a deposit of P905,000 will earn P105,350 if invested at the simple interest rate of 6 1/2%?If $25,000 is deposited in a 5% savings account and inflation is 3%, what is the value of the account at the end of Year 20 in Year-0 dollars? If the time value of money is 4%, what is the present worth?Assume that you deposited RM5,000 at the end of each year for 3 consecutive years in an account that pays an interest of 10 percent semi-annually. How much is the future value for that annuity?
- Classify the financial problem. Assume a 9% interest rate compounded annually. Deposit $200 at the end of each year. What is the total in the account in 10 years? A. sinking fundB.present value C.amortizationD. ordinary annuityE. future value Answer the question. (Round your answer to the nearest cent.)The National Savings Fund promises a monthly 0.75% return if you deposit €100 per month for 15 consecutive years. What amount will be accumulated after those 15 years? Use excelHow much is accumulated in each of the savings plans over two years? a. Deposit €1100 today at 15 percent compounded annually. b. Deposit €700 today at 12 percent compounded monthly. a. The total amount in the savings plan at the end of two years when depositing €1100 today at 15 percent compounded annually will be € (Round to the nearest hundredth as needed.)