If you deposit $3,500 monthly into a savings account which earns 4.25% interest rate compounded annually, how much will you have after 10 years of saving? a. $598500 b. S510141  c. S636810 d. S522225 e. S42512

Q: If you deposit OMR 12200 in your account in a bank. If your bank pays 8.15% interest, how much will…

A: The value of a current asset at a future date based on an expected rate of growth is known as future…

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A: Amount required (F) = $60,000Number of deposits (n) = 14Quarterly interest rate (r) = 0.12Amount of…

Q: ying a ye er 10 yea 30.000?

A: Formula to calculate the present value or the amount to be deposited today is: P = A/(1+i)^n Where P…

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A: Annuity is the amount that can be withdrawn from amount saved over period of time for retirement.

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Q: If you want to have $60.000 in 8 years, how much do you need to deposit in the bank today if the…

A: Deposit required today = FV/(1+r)n Where FV - Future value = $60,000 r - Interest rate = 9% n -…

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A: Simple Interest = P * R *T Where P = Principal = PHP1,500R = Rate of Interest = 4%T = Time = 10…

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A: Simple interest is the type of interest that is calculated only on the principal amount. Simple…

Q: If you deposit RM15,00O in an account earning 18% with quartely compounding how much would you have…

A: Using the future value function in excel

Q: Assume you have invested $10,000 into a bank at an interest rate of 6% per year. The bank has…

A: in this we have to calculate present value of both option.

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A: The transfer of a business to the heir after the retirement of the original owner is referred to as…

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A: The effective annual interest rate (EAR) is defined as the annual growth rate that takes compounding…

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A: EAR is the effective annual rate of interest investment will generate after taking the compounding…

Q: A man deposited P5,000 in a bank at a rate of 10% per annum for 9months and 25days. Find the…

A: Future value of deposits is the sum of all the deposits compounded using the provided discount rate.

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

Q: Your goal is to accumulate $60,000 in seven years' time.  What monthly deposit must you make into a…

A: Interest rate per month = 12%/12 = 1% per month Time period = 7 years * 12 = 84

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Q: If you deposit $3,500 monthly into a savings account which earns 8.25% interest rate compounded…

A: Present Value is referred to as the current value of future sum of the funds or the cash flows…

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A: Payment per period is the regular payments made or received of an investment, while future value is…

Q: A man deposited P5,000 in a bank at a rate of 10% per annum for 4months and 25days. Find the…

A: Simple interest is an interest calculated on the principal portion of a loan or original…

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A: Since you have posted multiple questions, we will answer the first one for you. If you want a…

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A: The term Principal refers to amount deposited today. The term compound refers to ability of…

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A: (A) n=p/yt Given t=10 years (p/y)=4 (since interest is compounded quarterly)

Q: What ne future value

A: This is a question relating to time value of money. Present value and future balue calculations are…

Q: You decide to invest $100 into a savings account with an interest rate of 2% annually in2015. The…

A: present value in savings account = $100 interest rate annually = 2% future value = $120 time period…

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

Q: If you deposit $2,000 into an account at the end of each of the next 40 years, at 4.5% interest, how…

A: It can be solved using  In excel FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate for the…

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A: Compound = Monthly = 12Payment = p = $2960Time = t = 25 * 12 = 300Future Value = fv =…

Q: TEST I. PROMLEM SOLVING: A bank offers 0.25% annual simple interest rate for a particular deposit.…

A: Simple Interest is the method in which we calculate the interest on a specific principal amount at a…

Q: answer the questions

A: 1. The computation of the EAR (effective annual rate) of each option is shown below: 10% interest…

Q: If you deposit OMR 24184 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: To open the "FV function" window - MS-Excel --> Formulas --> Financials --> FV.

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A: The question is based on the concept of calculating the present value of expected future cash flows…