How much in Php will be in Ligaya's BDO account after the end of the last 6 years?

Q: An investor deposits 10,000 into a savings account that sets its interest rate for the year on the…

A: The account balance at end of time can be calculated with the help of future value function

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

A: Formula: Interest amount = Deposit amount x Time period x Interest rate

Q: An investor makes a 15 year deposit of $57,632. The bank is paying an interest rate of 11% per year,…

A: The value of deposit is $57,632. The maturity period is 15 years. The annual interest rate is 11%.…

Q: A bank that provides overdraft protection charges 12 percent for each $100 (or portion of $100)…

A: Part (a)The overdraft protection charge = 12% for each $100 (or portion of $100) borrowedThus 12% is…

Q: Suntech Distributors, Inc., deposits $4,000 at the beginning of each 3-month period for 7 years in…

A: Formula: A = P [ 1 + ( r / N )NT ] Interest : Interest is a fee charged on the borrowed amount.

Q: A person deposits 200.00 riyals at the end of each month for a year in a bank, and it has been found…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: A woman deposited $ 10,000 into her bank account. The money remained in the account for 10 years.…

A: Compound interest is referred as the interest which is calculated on principal amount which involves…

Q: A person borrows $3,000 on a bank credit card at a nominal rate of 18% per year, which is actually…

A: Annual Percentage Rate It  the total  interest paid  each year which is before consideration for the…

Q: A bank account pays 5.2 % annual interest compounded semiannually. How much money should be…

A: The amount to be deposited today can be calculated with the help of present value function Future…

Q: An individual makes five annual deposits of Php 2,000 in a savings account tha pays interest at a…

A: The answer is shown below:

Q: ABC Company acquired a loan from New Kensington Bank in the amount of $120,000 with a 8% interest…

A: The question is related to Effective Interest rate. The details given are Amount of loan =…

Q: Can you please help me work out this problem in detail?   Minnie Rose deposited $15,000 in Street…

A: The question is based on the concept of compound interest calculation with quarterly compounding…

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: A regular deposit of $120 is made at the beginning of each year for 20 years. Simple interest is…

A: Simple interest is the interest paid or computed only on the principal amount of money. It odes not…

Q: You want to withdraw $ 54,777 from your account at the end of one year and $ 10,521 at the end of…

A: As per the given information:Withdrawals at the end of the one year = $54,777Withdrawals at the end…

Q: Suppose that you owe $2,000 on a credit card that charges 18% APR and you pay either the minimum 10%…

A: The time to pay off the debt, the installment, beginning, and ending balances can be seen from the…

Q: Suppose that you deposit $7000 in a savings account that pays 4% annual interest, with interest…

A: future value can be calculated from present value using interest rate and given period of savings in…

Q: If the interest is deposited into a non interest bearing account B, what is the balance in account B…

A: The first investment is effectively a payout annuity where the interest amount is withdrawn each…

Q: Calculate the balance at the end of seven years of a bank account paying compound interest of 2.7%…

A: A study that proves that the future worth of the money is lower than its current value due 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: You withdrew $21218 from your line of credit 3.5 years ago at an interest rate of 4% compounded…

A: FUTURE VALUE Future Value is the value of Current asset as on any future date. Future Value =…

Q: If you withdraw part of your money from a certificate of deposit before the date of maturity, you…

A: Interest is the return earned on the investment. When an amount is withdrawn early, the bank levies…

Q: You invest $ 4,060 in an account today. You make no additional deposits into the account. One year…

A: The concept of time value of money will be applied here.As per the concept of time value of money…

Q: What interest penalty do you pay? (Round your answer to two decimal places)

A: Introduction: Certificate of deposit can be defined as a savings scheme which holds the amount for a…

Q: an amount of Php 5000 is deposited in a bank at 5% compounded quarterly for 3 years. After 3 years…

A: We need to use compounding interest formula first to calculated amount after 3 years A=P(1+i)n Where…

Q: 1. Apple Bank makes a loan to Harry at 12.5 percent per year to be repaid by level annual payments…

A: Given, Loan Amount = $18,027.36 Loan Interest rate = 12.5%

Q: A company deposits $3500 in a bank at the end of every year for 12 years. The company makes no…

A: Using excel FV function

Balance Sheet Regulations

A balance sheet is a financial statement that shows the position of a company's assets and liabilities on a specific date. The balance sheet is prepared after preparing the statement of profit and loss statement (income statement). The balance sheet and other financial statements differ in the sense that the balance sheet shows the financial position at any given point in time. In contrast, the other financial statements show the financial performance over a particular duration.