Please correct answer and don't use hand rating intpercent, an (d) 15 percent.2 Rule of 72 If you deposit 5,000 today at 12 percent rate of interest in how many years (roughly)will this amount grow to 1,60,000? Work out this problem using the rule of 72-do not use tables.Dule of 69 A finance company offers to give 38.000 after 12 years in return for 1.000 deposited

Given information,Principle, P = Rs. 5,000Interest rate, r = 12% Future Value, FV = Rs. 1,60,000 ₹₹…

Answered: int percent, an (d) 15 percent. 2 Rule…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...

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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.
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 $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?
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Saved You plan to deposit $6,000 at the end of each of the next 25 years into an account paying 10.3 percent interest. a. How much will you have in your account if you make deposits for 25 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have if you make deposits for 50 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 08 a. Future value of 25 deposits b. Future value of 50 deposits Ac raw Mill < Prey 13 of 23 Next 8. ER D F G
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How much do you have to deposit today so that beginning 11 years from now you can withdraw $ 15,000 a year for the next 4 years (periods 11 through 14) plus an additional amount of $ 30,000 in the last year (period 14)? Assume an interest rate of 5 percent. Question content area bottom Part 1 The amount of money you have to deposit today is $ enter your response here . (Round to the nearest cent.)
please help with this Q
If Kenzo wants to have $19,000 in his account exactly 8 years from todayhow much should Kenzo deposit annually (first deposit to be made today and the last deposit to be made exactly 8 years from today), assuming an annual interest rate of 10% p.a.? $1,633.33 None of the answers in this list is within $ 0.20 of the correct answer . $ 1,699.17 $ 1,675.88 $ 1,661.44 $ 1618..60
Prescott Bank offers you a five-year loan for $69,000 at an annual interest rate of 8.5 percent. What will your annual loan payment be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Annual loan payment < Prev 14 of 23 Next GH BN M

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