How much will Cyrus receive 5 years after his last deposit if he deposited 1,092 Php annually for 10 consecutive years? Assuming money is worth 7.775%.

Q: Ted rodgers is investing $7,500 in a bank cd that pays a 6% annual interest. How much will the cd be…

A: Excel Spreadsheet:

Q: A person wishes to accumulate Php500,000 over a period of 15 years in his savings account, what…

A: The given scenario is a basic case of annuity. Inorder to find the yearly payment, we use the…

Q: Jahan deposits $9,000 into an account today that promises to earn 17.3% annually for the foreseeable…

A: To calculate the future value of Jahan's deposit after 9 years with an annual interest rate of…

Q: Roger just deposited $12,000 into his account at Market Place Bank. The bank will pay 3.2 percent…

A: in this we have to find out simple interest and compounding interest and than find out interest on…

Q: A man deposits ₱2000.00 today at 8% account. He intends to deposit ₱5000.00 at the end of two years.…

A: Future Value is the value of current investments at a certain future date at the assumed…

Q: If your trust fund promises to pay you RM25,000 on your 24th birthday (6 years from today) and earns…

A: Promised amount (F) = RM 25000 n = 6 years r = 9%

Q: Derek will deposit $2,713.00 per year for 16.00 years into an account that earns 10.00 %, The first…

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

Q: receives his first $121,890.95 payment in 3 years and his last $121,890.95 payment in 7 years, then…

A: The rate of return is used to assess an investment's profitability. It determines the gain or loss…

Q: To secure the future of his son, a man plan to deposit P50,000 in a bank account every quarter for 5…

A: Effective interest rate There is different frequency of deposited amount and the compounding of…

Q: You will receive a ​$80,000 inheritance in 5 years. You could invest that money today at 7​%…

A: Future value = Present value ( 1 + Rate of interest ) TIme

Q: You will receive an inheritance of 116034 in 10 years.  If the interest rate is 3.8%, how much is it…

A: Time value of money is one of the important concept in finance. It says that a dollar amount…

Q: Jeremy is investing $5,000 today and will do so at the beginning of another nine years for a total…

A: The future value of the annuity due is the future worth of a cash flow series receivable/period at…

Q: Peter invests $1,000 dollars and hold it for five years. The interest rate is 10% compounded…

A: FUTURE VALUE  Future Value is the Value of Current Sum of Money in Future. Future Value is…

Q: 2) If Bob deposits $5000 at the end of each year for 14 years in an account paying 6% inter…

A: C=$5000i=0.06n=14

Q: Jake Werkheiser decides to invest $8000 in an IRA at the end of each year for the next 6 years. If…

A: The future value refers to the value of an investment or an amount of money at a specified point in…

Q: Jake plans to contribute $3600 at the end of each year to his IRA. If he earns a return of 8.5%…

A: Future Value Future value  is the worth of any asset or any sum of money at a future date when such…

Q: Saturnino won a lottery and will receive a check for P700,000 at the beginning of each quarter for…

A: An annuity is a periodic cash flow that occurs at regular intervals. The future value of the annuity…

Q: If your trust fund promises to pay you $25, 000 on your 24th birthday (6years from today) and earns…

A: Present Value is the current worth of an amount to be received in future. To calculate the present…

Q: David deposits RM60,000 today into his account that pays 8 percent per year. He continues deposit…

A: Deposit now = RM 60,000 Annual growth in deposit amount = 20% Period of deposit = 4 Years Number of…

Q: Gigi saves $1,000 per month and increases by $20 per month with the first deposit being made today,…

A: We have to find the present value of all the future payments. Future payments increase by a fixed…

Q: Derek will deposit $2,713.00 per year for 16.00 years into an account that earns 10.00 %, The first…

A: Annual deposit=PMT=2713NPER=n=16yearsRate=r=10%PV=today value=$14955How much at the end of 50 years.

Q: Daniel owns a homestay that yields annual rent of RM30,000. There is a rent payment due today and…

A: The value of the amount after two years which is to be computed at given interest rates is termed as…

Q: William got a loan for 25,000 dlls to be payable in 19 years with interest rate of 1.7 percent per…

A: Loan amount = 25000 dlls Period = 19 Years Annual interest rate = 1.7%

Q: At the end of each of the past 14 years, Vanessa deposited $450 in an account that earned 8%…

A: Using FV function of excel

Q: What amount is needed to invest today by a man if he wants to receive a quarterly cash out of Php…

A: Quarterly payment (P) = Php 49,623 Period = 7  Years Quarterly payments (n) = 7*4 = 28 Interest rate…

Q: Krissie wishes to bestow her youngest son Bim P200,000 ten years from now. What amount should she…

A: Value at end of 10th year = P200000 Interest rate for first 5 year = 6% Interest rate for next 5…

Q: Rapi Tulpo invests Php1,000 in a Bank that doubles his money in five years. To what annual interest…

A: Investment means an asset(financial assets or fixed assets) that is purchased to generate additional…

Q: Shiro’s grandfather has just announced that he’s opened a saving account for Shiro with a deposit of…

A:

Q: Your grandmother invested $1,000 for you the day you were born. How much will this investment be…

A: Data given: Principal (PV)=$1000 n=30 years Rate= 6% (compounded quarterly)   Required: FV of this…

Q: 6) An organizational form that is based on direct lines of authority from the top executive to the…

A: Definitions : In simple words, line framework can be understood as the clearest kinds of…

Q: To secure the future of his son, a man plan to deposit P50,000 in a bank account every quarter for 5…

A: Solution:- When an amount is deposited each period at beginning of period, it is called annuity due.…

Effective Interest Rate

The term interest rate can be defined as the amount that is charged by the lender as a percentage on the principal amount. Interest rate which is charged annually is known as annual percentage rate.