If you deposit OMR 20555 in your account in a bank. Suppose the bank pays 8% compound interest yearly. you are required to calculate future value of your money in 7 years.
Q: If you deposit OMR 8141 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Given information: Deposit (Present value) : OMR 8141 Rate of interest : 8% Time Period : 5 years…
Q: f you deposit OMR 20555 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Deposit amount (PV) = OMR 20,555 Annual interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4%…
Q: future value of your money in 17 years.
A: Future Values: Future value is the value that will be increased or decreased after a particular…
Q: If you deposit OMR 28416 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: The future value is the amount that will be received at the end of a certain period. In simple…
Q: If you deposit OMR 20930 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: When interest is compounded multiple times in a year: Future value = Present value *(1+r/m)n*m r is…
Q: If you deposit OMR 8415 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Future value is the value of current asset or investment at a future date. Future value is…
Q: Assume that you deposited $100000 in a bank that offered 10% annual interest rate. How much would be…
A: Given: Present value =$100000 Interest rate = 10% = 0.10
Q: Assume that 1 year from now you plan to deposit €1,000 in a savings account that pays a rate of 8…
A: If the bank compounds interest annually, amount in the account 4 years from now will be =€1,000×FVF…
Q: You are considering investing $1,000 in a bank term deposit for 6 years. The term deposit will pay…
A: Solution: An amount invested somewhere, earns interest on it. The amount initially deposited is…
Q: If you deposit OMR 7387 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Time value of money says that a dollar today is worth more than a diollar in future. Future value is…
Q: Suppose you put $200 into a bank account at the annual interest rate of 7%. *Round your answer to…
A: In this we have to find the future value of given value.
Q: You decide to deposit $5000 in a bank account paying 3.5% interest. What is the value of your…
A: Value of saving in 1 year can be calculated using following formula FV = PV* (1 + r / n)nt Where,…
Q: If you deposit OMR 16830 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Amount of Deposit = OMR 16830 Interest Rate = 8% Years =5 Interest Rate half yearly (r)=8%/2 =4%…
Q: You have a bank account that pays an annual interest rate of 6.9%. If you deposit $5,000 today and…
A: In the realm of financial foresight, the question at hand revolves around the future value of…
Q: Suppose you currently have $4,800 in your savings account, and your bank pays interest at a rate of…
A: Present value is the sum of money that must be invested to achieve a specific future goal. Future…
Q: You have decided to start a savings plan for your retirement. You plan to make an annual deposit of…
A: The objective of the question is to calculate the future value of a series of annual deposits of…
Q: You plan to deposit S500 in a bank account now and S400 at the end of the year. If the account earns…
A: The objective of the question is to calculate the balance in the bank account right after the second…
Q: You plan to deposit $500 in a bank account now and $600 at the end of the year. If the account…
A: Solution: The amount in account after second deposit will be the future value of first deposit and…
Q: A bank will pay you $100 a year for your lifetime if you deposit $2,500 in the bank today. If you…
A: In the given question we need to compute the interest rate bank is paying.
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.
Q: You deposit k1000 in your bank account if the bank pays 4% simple interest,How much will you…
A: The future value is the amount that will be received at the end of a certain period. In simple…
Q: You deposit $296 today into a bank account that earns 12% annually. How much will be in your…
A:
Q: You intend to accumulate RM5,713 in a bank savings account,4 years from now. How much savings must…
A: Future value = RM 5713 Period = 4 Years Annual interest rate = 10%
Q: Assume that you just deposited $1000 into a savings account that earns an interest rate of3% per…
A: The future value of an investment can be very useful for investors as it helps them to estimate how…
Q: If you deposit OMR 29173 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: The future value of money is the worth value of invested amount after one or more years at a…
Q: if you deposit $17,000 in the bank today, you will be able to withdraw $24,000 from the account in…
A: Present value is an estimate of the present value of future cash values that may be received at a…
Q: If you are expecting to get OMR 10240 at the end of 3 years. Calculate its present value if the…
A: Present value is the sum of money that must be invested in order to achieve a specific future goal.…
Q: If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Future Value Future value is the worth of any asset or any sum of money at a future date when such…
Q: You plan to invest an amount of money in a certificate of deposit (CD) at your bank. The stated…
A: Compound Interest is also called interest on interest. It is the addition of interest in the…
Q: You deposit $204 today into a bank account that earns 1% annually. How much will be in your account…
A: Future value is the amount to be earned in near future due to compounding of amount to near future.…
Q: The bank balance will be $
A: Time value of money (TVM) means that the amount of money received in the present times will have…
Step by step
Solved in 2 steps
- You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuity
- You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?If you deposit OMR 20555 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years.
- If you deposit OMR 12500 in your account in a bank. Suppose the bank pays 8.25% compound interest monthly. Calculate future value of your money in 17 years.You plan to deposit S500 in a bank account now and S400 at the end of the year. If the account earns 4% interest per year, what will the balance be in theaccount right after you make the second deposit?If you deposit OMR 20930 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years. Select one: a. 25464.48 b. 45185.78 c. 30752.45 d. 30981.42 e. All the given choices are not correct
- You plan to deposit $500 in a bank account now and $600 at the end of the year. If the account earns7% interest per year, what will be the balance in the account right after you make the second deposit?You deposit $204 today into a bank account that earns 1% annually. How much will be in your account after 10 years?You deposit k1000 in your bank account if the bank pays 4% simple interest,How much will you accumulate in your account after 10 years? What if the bank pays compound interest?