Hamilton wants to accumulate $170.000 at the end of 4 years. It starts quarterly payments in a bank account which pays J4= 5% (annual interest rate with quarterly compounding). a) Find the size of quarterly payments.  b) If, after 2 years, bank switches the rate to J4= 8%, what would be the size of quarterly payments for last 2

Q: Suppose you deposit $469 per week in a bank account for 5 years. The interest rate(APR) is 7.2%,…

A: present value of annuity = P * {1-[1/(1+r)^n]/r} Where, r = rate of interest per period i.e. 7.2%/52…

Q: Answer number 1 and 2: 1.) You just deposited P2,500 in a bank account that pays a 4.0% nominal…

A: 1. Calculate the future value of amount deposited today (FV1) by the future value formula. The…

Q: A. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being…

A: Future value is an estimate of future cash flows ​​that may be received at a future date, discounted…

Q: 3. If you are planning a trip to other place after 3 years. And, if you intend to deposit savings of…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Imagine you want to earn $1000 in total after 3 years. The Bank A says that account earns 5%…

A: In simple interest, the rate of interest is applied on the principal amount only whereas in compound…

Q: 3. Time Value of Money Assume that ten years from now, you will need $10,000 and that your bank…

A: The concept of the time value of money states that money today has more value than the same amount…

Q: Company wants to accumulate ₺ 25000 at the end of 4 years. It starts quarterly payments in a bank…

A: future value of annuity formula: fva=A×1+rmn×m-1rm wheren, A=annula payment r=rate n=years…

Q: You plan to collect up to 6 million. ISK but you have 200,000 ISK. into your bank account. You…

A: The concept of time value of money will be used here. The value of money changes with passage of…

Q: You want able to withdraw 15,000 each month for 15 years. your account earns 3 1/4% interest. a.…

A: Investments are the ways in which individuals and corporations park and save their money and funds…

Q: Your bank pays 2.9% interest per year. You put $1,500 in the bank today and $550 more in the bank in…

A: The amount is two years will be the future value of the deposits made at times 0 and 1.FV=…

Q: Hamilton wants to accumulate ₺ 24.000 at the end of 4 years. It starts quarterly payments in a bank…

A: Amount at the end of 4 years = 24000 Total Terms(n) = 4*4 = 16 quarters Anbuak rate =6% Quarterly…

Q: A bank pays simple interest at the rate of 8% per year for certain deposits. If a customer deposits…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: You borrow the following amount today. The bank gives you a payment holiday of 3 years (that means…

A: Deferred Period (Years) 3 Quarterly time period 20 Loan Principal   $5,900.00 Quarterly…

Q: You have just signed up for a very strange loan - one that is amortized on a WEEKLY basis (i.e. yc…

A: The payment amount is the amount paid periodically during the period. It is decided as per the terms…

Q: C). If money doubles at certain rate of interest compound monthly in six years. How long will it…

A: Future Worth is value of a current amount at future point of time. It is done by compounding that…

Q: Suppose I want to be able to withdraw P500,000 at the end of five years and withdraw another…

A: The present value of money is the discounted value of future cash flows required. The amount to be…

Q: Hamilton wants to accumulate ₺ 20,000 at the end of 4 years. It starts quarterly payments in a bank…

A: "Since you posted multiple questions, we will solve the first question for you as per guidelines.…

Q: You want to be able to withdraw $1,000 from a savings account at the end of year 1, with withdrawals…

A: The present value of a growing annuity is the current value of an annuity which is growing at a…

Q: The bank officer is convincing a customer who is looking for a car loan. Compute the price the bank…

A: Ordinary annuity are the payments which are made at the end of a period.

Q: How much should be deposited now into an account earning 8.4 % interest per year, compounded every 6…

A: Compound = 6 months = Semiannually = 2Interest Rate = r = 8.4 / 2 = 4.2%Payment = p = $1500Time = t…

Q: If you borrow $29834 with an annual rate of 12% compounded monthly and make a payment of $403 every…

A: The borrowing is the amount that is borrowed by the person, a company from any of the financials…

Q: 7. If you want to collect ¢ 5,000,000 in 4 years and for this you make deposits every end of the…

A: N = 4*12 FV = 5,000,000 rate = 18%/12 PV = 0 use PMT function in Excel value of deposit before…

Q: a. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being…

A: Periodic payment = $1,000 Interest rate per period, r = 6%/2 = 3% Number of deposits, n = 3 × 2 = 6…

Q: You just deposited $8,000 in a bank account that pays a 4.0% nominal interest rate, compounded…

A: Future value refers to the compounded value of all future cash flows for the time period provided.…

Q: Hamilton wants to accumulate ₺ 24.000 at the end of 4 years. It starts quarterly payments in a bank…

A: Amount at the end of 4 years = 24000 Years = 4 Terms(n) = 4 *4 = 16 quarterly deposits Rate (r) = 6%…

Q: If you borrow $24398 with an annual rate of 9% compounded monthly and make a payment of $282 every…

A: Here we will use the concept of time value of money. As per the concept of time value of money the…

Q: Subject : - Finanace  assume you currently have a chase sapphire preferred card with a balance of…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: Suppose you borrowed $15,000 at a rate of 10% and must repay it in 5 equal payments at the end of…

A: Annual worth distributes present worth into equivalent uniform value over its useful life.

Q: You want to be able to withdraw $35,000 each year for 25 years. Your account earns 5% interest. a)…

A:

Q: If your credit card charge 20% compound monthly, a. If your current balance is $3000, how much…

A: a) Current balance = $3000 Interest rate = 20% compounded monthly Interest next month will be…

Q: You want to be able to withdraw from a savings account $800 at the end of year 1, $900 at the end of…

A: present value formula: present value =future value1+ratetime

Q: 1. Your goal is to have $10,000 in your bank account by the end of eight years. If the interest rate…

A: 1). Annual deposit amount is calculated using following equation Annual deposit = (FV×r)(1+r)n-1…

Q: These are 2 subsections of the same question, please answer both questions. Please round the answer…

A: Loan Amount100000PVTenure, years5NPERInterest rate0.1RATEAnd Notional amount10000Future…