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?
4f
What will a deposit of $4500 at 7.8% compounded semiannually be worth if left in the bank for six years? Use the TMV calculator to fill in the table. N I% 7.8 PV -$4500 PMT 0 FV P/Y C/Y 2
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
Find the total amount that must be repaid on the following note described. $8,593 borrowed at 18.5% simple interest What is the total amount to be repaid 3 years, 125 days later? (Round your answer to the nearest cent.) $ 13906.53 Need Help? Read It
pm.3
What annual interest rate do you need to find in order for a deposit of $500 to grow to $1,685 in 13 years if the bank compounds interest weekly? Select one: O a. 8.89 percent O b. 8.42 percent O c. 7.95 percent O d. 9.35 percent 0 e. 9.80 percent
You wish to deposit an amount now that will accumulate to $200,000 in 25 years. How much more would you have to deposit if the rate of interest was 6.5% compounded annually versus quarterly? Multiple Choice $1,327.49 $1,427.49 $1,627.49 $1,227.49 $1,527.49 Show all calculation and formulas if necessary
mn.3
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit $2 at the end of each year Rate 4% compounded annually Click the icon to view some finance formulas. C Time 15 years Financial Goal $160,000 a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. $ of the $160,000 comes from deposits and $ comes from interest. (Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.)

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