If no other deposits, withdrawals , or rate changes occurs, how much money did the account have on January 1, 2019? B. Determine the total interest that was earned from January 1, 2019?

Q: Assuming a 360-day year, proceeds of $47,000 were received from discounting a $47,910, 90-day note…

A: Discount rate is used to calculate the interest between proceeds and Received from Discounting

Q: of $56,000 in each bank, how much more money would you earn from your Second City Bank account at…

A: The future value of an investment forecasts the expected value of an investment at a given future…

Q: On July1, ABC Company borrows $100,000 cash from the First Bank. The terms of the loan are,…

A: A loan is a type of borrowing that is considered a liability for the business. Interest is recorded…

Q: 6. Jasper Brown deposited $743.20 in a savings account at the Suburban Trust Com- pany on May 1. At…

A:

Q: The amount of P100,000.00 was deposit in the bank earning an interest of 7.5% per annum. Determine…

A: Answer : Principal (P) = 100,000 Interest (r) = 7.5%  Time (n) = 5 Amount = P (1 + r/100)^n

Q: 2. On January 1, 2022, Marites deposited P15,000 in a bank that offered 2.5% annual interest…

A: Steps to be followed: For each month calculate the interest amount on the balance including…

Q: G) Mohammed deposited RO 50,000 in a savings account at 9% interest compounded semi-annually. At the…

A: Here, to solve these questions we have to use the compound interest formula to calculate fund amount…

Q: 6667.63 is deposited in a bank that pays 18% annual intere compounded monthly. At the end of the…

A: Here the FV at the end of last withdrawal is 0.

Q: Gabrielle Patterson deposited $3,600 in a new savings account. She made no other deposits or…

A: Interest is calculated in two ways compound interest and simple interest.

Q: Assuming a 360-day year, proceeds of $50,708 were received from discounting a $52,276, 90-day note…

A: Notes Receivable :— It is one of the promissory notes that specifies certain sum of money receivable…

Q: A recent college graduate got a good job and began a savings account. He authorized the bank to…

A: Amount of the present cash flows at a given rate when computed by the future value (FV) factor gives…

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: Hi I'm stuck on this problem. My numbers aren't adding up and I'm completely lost because I have…

A: Notes payable: Notes Payable is a written promise to pay a certain amount on a future date, with the…

Q: 26 (a). Samuel Norris deposited $450 in a new regular savings account that earns 4% interest…

A: Answer) Calculation of amount accumulated after one year Amount accumulated after one year = Amount…

Q: 3) For the transaction shown below, determine the amount of money in the account at the end of year…

A: Cash flow is a fundamental financial concept that represents the movement of money into and out of a…

Q: Problem 2. On January 1, 1995, an investor opened a savings account at Bank A with a deposit of…

A: The simple interest is the interest earned on the same amount for each successive period. Compound…

Q: On 15 November in each of the years 1964 to 1979 inclusive an investor deposited £500 in a special…

A: Time between 15 November 1964 to 1979 = t1 = 16 years Deposits = p = £500 Time after 15 November…

Q: Odom Company received from a customer a one-year, 250,000 note bearing annual interest of 8%. After…

A: Notes receivable are considered assets that are receivable after a certain period. It is generated…

Q: A company borrowed money from a local bank. The note the company signed requires five annual…

A: The periodic payment is the payment made at the regular interval to repay a loan or debt. Generally,…

Q: On August 8, 1981, American Savings offered an insured tax-free account paying 23.24% compounded…

A: Time value of money: The time value of money is the idea that the value of money received today will…

Q: Chen opened an RRSP deposit account on December​ 1, 2008, with a deposit of ​$2000. He added ​$2000…

A: The future value can be defined as the value of the current asset at a future date assuming the rate…

Q: please excel form answer.

A: Here's the journalized version of the 2025 and 2026 transactions for Sixth Reserve Bank, excluding…

Q: I'm not sure how to journal the principal plus interest for the last transaction. I think that I do…

A: Note receivable is one of the current asset of the business. It means promise has been received from…

Q: An amount of $3000.00 is deposited in a bank paying an annual interest rate of 5 % compounded daily.…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

Q: The following certificate of deposit (CD) was released from a particular bank. Find the compound…

A: A certificate of deposit(CD) is a type of savings account that offers a higher interest rate than a…

Q: NOTE: PLEASE STRICTLY CHOOSE FROM THE FORMULA ATTACHED. DONT USE EXCEL! 8. Mrs. Dimayuga deposits…

A: We need Future Value of the investments ( 12000 + 6000 ) = 18000 Formula Future Value (FV) = Present…

Q: Five years ago, $12, 000 was deposited into a savings account that provides an interest of 6.5%…

A: A savings account is a deposit account opened with banks and other financial institutions. The…

Q: Julia Roberts deposits 4600 dollars in an account paying an effective rate of interest of 5.2…

A: Simple Interest formula is  Amount = Principal + (Principal*rate*time)

Q: A $1500 certificate of deposit held for 97 days was worth $1519.80. What simple interest rate was…

A: Simple interest is the method to calculate the interest charges on the principal amount for the…

Q: Harper Lee made deposits of $900 semiannually to Mockingbird Bank, which pays 6% interest compounded…

A: Amount deposited semiannually $900 Period (7 years * 2) 14 Interest rate (6% / 2) 3% Future…

Q: $30,000 is deposited in an account in which it earns 10% interest compounded annually. No principal…

A: Interest is defined as the payment from the deposit taking or the borrower's financial institution…

Q: $30,624 is put into an empty savings account with a nominal interest rate of 0.1. No other…

A: Initial amount (P) = $30624 Interest rate = 0.1 = 10% per annum = 5% semiannually n = 10 years = 20…

Q: 3 years, 3 months ago, a bank account had a balance of $28,585 and was earning interest at a…

A: THIS IS A QUESTION WHERE WE HAVE TO CALCULATE THE INTEREST RATE. WE HAVE IN THE QUESTION,…

Q: young manager deposits his hardly earned money worth P115,000 in a bank. After 8 years and 6 months,…

A: Given, Principal amount = P115,000  Interest =P154,846.1632- P115,000    = P39,846.1632 Time=8.5…

Q: Bill deposited RM ? into a savings account with interest 7% compounded monthly on 1 June 2006. On 1…

A: Interest rate = 7% compounded monthly Amount = 6464.40

Q: An account was opened on January 1, 1999 with a deposit of $12,000. Additional deposits of $100…

A: In compounding there is interest on interest including interest on interest on the principal amount…

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: On Jan.1, 2016, Diana opened an account with a P50000 deposit. On Jan.1, 2017, she withdraws P25000…

A: Let 2016 be year 0. CF0 = P 50000 CF1 = - P 25000 CF3 = P 75000 r = 7.5% We need to find the future…

Q: On January 1, 2010, $12,000 was deposited into an account that earns 6.00% interest compounded…

A:

Q: monthly compounding, how much will be collected after 5 years

A: Maturity value = Principal * (1 + Interest rate/Frequency of compounding in a year)(Number of years…

Q: Esther deposited $25,000 in a savings bank on January 13,2013. At that time the bank- was paying 4%…

A: Future Value: An asset's future worth is its value at a later time. It estimates the nominal amount…

Q: The opening balance of a savngs account for November is $2.004 On November 9. S621 was withdaan trom…

A: The interest to be deposited on the savings account can be determined by multiplying the interest…