If an investment of R50 000 is made in a fixed deposit account on 01 September 2022 and the interest on fixed deposit is R2 000 for the financial year ended 28 February 2023, then one may conclude that the interest rate on the fixed deposit is 8% per annum TrueFalse
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If an investment of R50 000 is made in a fixed deposit account on 01 September 2022 and the interest on fixed deposit is R2 000 for the financial year ended 28 February 2023, then one may conclude that the interest rate on the fixed deposit is 8% per annum
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- If an investment of R50 000 is made in a fixed deposit account on 01 September 2022 and the interest on fixed deposit is R2 000 for the financial year ended 28 February 2023, then one may conclude that the interest rate on the fixed deposit is 8% per annum TrueFalse The insurance total in the pre-adjustment trial balance of AVI Stores on 30 June 2023 (the end of the financial year) was R30 000. The amount included an insurance premium of R6 000 that was paid for the period 01 November 2022 to 31 October 2023. Which of the following statements is true? A. The current liabilities will increase by R2 000 B. The current assets will increase by R4 000 C. The insurance expense for the year ended 30 June 2023 was R28 000D. The profit will decrease by R24 000You invest $5109.15 in a short-term deposit at 5.17% from June 1, 2019 to December 25, 2019. What will be the maturity value of this investment?Goose Limited took out a loan for £4 million on 1st December 2018. If the interest rate is 3% per annum, how much interest would be due on 30th June 2019?
- On 1 January 2017, a company which prepares financial statement to 30 June each year buys € 400,000 of 5% loan notes for € 411,225. Interest will be received half-yearly on 30 June and 31 December and the loan notes will be repaid at a premium of 10% on 31 December 2020. The effective rate of interest is 3.5% per half year and the company intends to hold this investment until maturity. Calculate the amount of interest income that should be recognised in the company's financial statements for each of the years to 30 June 2017, 2018, 2019. Also calculate the amount at which the loan notes should be shown in the statementAssume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest accumulated to $50,000 on January 1, 2026. How much was invested on January 1, 2020, if interest was compounded annually? N (period of time) I (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Assume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest accumulated to $50,000 on January 1, 2026. How much was invested on January 1, 2020, if interest was compounded semi-annually? N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Page 1 Assume that a deposit made on January 1, 2020, earns 6% interest. The deposit plus interest accumulated to $50,000 on January 1, 2026. How much was invested on January 1, 2020, if interest was |compounded quarterly? N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) 2 In each of the three scenarios the PV should continue to decrease. Explain why this passes the…What amount should be paid on October 5, 2022, on a loan of P100,000 made on December 13, 2021 with 4.7% simple interest?
- 6. Find the maturity value if Php 70,000 is invested from August 18, 2019 to November 18, 2020mat a simple interest of 14 ½ %?On April 28, 2020 a sum of $39,700.00 was deposited into an account. What would be the future value of this sum of money on July 9, 2024, if the interest rate is 2.67% compounded monthly. (1year = 365days) Round the value for FV to two decimal places. P/Y = 2.67 12 % PV = $39700.00✓ C/Y = 12 PMT= $ 0 DBD = 1533 FV = $44340.93× days I/Y =On November 17, 2020 a sum of $42,200 was deposited into an account. What would be the future value of this sum of money on March 18, 2024, if the interest rate is 3.15% compounded semiannually. Round the value for FV to two decimal places. P/Y = C/Y = DBD = days I/Y = % PV = $ PMT = $ FV = $
- Assume that time is measured in months. Calculate the present value at time 0 of a payment of £131 paid at time 18, using an interest rate of 9% per annum effective.Payments of £1,000 pa are payable quarterly in arrears from 1/1/20 to 31/12/25. The annual effective rate of interest is 3.4% for calendar years 2020-2023 (inclusive) and 4.2% thereafter. Calculate: (i) the present value of the payments at 1/1/20 (ii) the accumulated value of the payments at 1/1/27A payment stream consists of a payment of $1600 today, a payment of $2400 in 3 months, and a payment of $2600 in 21 months. What is the fair market value of this payment stream 18 months from today? Assume a compound interest rate of 6.5% compounded quarterly. Today + $1600 FV1 = $ PV3 = $ Start by calculating the following values on the time diagram: FV2 = $ 3 Months The fair market value of this payment stream is: Total = $ Time Value of Money Solver $2400 Enter the given values. 0 N: = 0 Number of Payment Periods 1:% = 0 Annual Interest Rate as a Percent PV: = Present Value PMT: = 0 Payment FV: = Future Value P/Y: 0 12 V Payments per Year C/Y: 12 V Compounding Periods per Year PMT: = END € Solve Solve Solve Solve 18 Months Solve FV2 FV1 + PV3 Total 21 Months $2600