Jodan received an amount of GHc 1000 from his grandpa as a birthday gift. He decides to invest the money at 15%f for five years.  What is the amount receivable at the end of five years ?

Q: Shawn purchases a retirement annuity that will pay him $1,000 at the end of every six months for the…

A: Present value of annuity Annuity is a series of equal payments at equal interval over a specified…

Q: Sam was injured in an accident, and the insurance company has offered him the choice of Php25,000…

A: Time value of money is a financial concept which is used to calculate the value of money in present…

Q: On Lorenzo first birthday his parents deposited 7000 into a savings account that earns a fixed rate…

A: Data given: Amount deposited on 1st birthday=$7000  (Assumed currency=$) Rate=4% (compounded…

Q: Vernon has nothing saved for retirement. He wants to receive $46,000 per year for 5 years during…

A:

Q: Lucas is starting a college fund for his newborn daughter. He decides to invest $200 a month in an…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: will receive a perpetuity of $34,000 per year forever, while curly will receive the same annual…

A: Present value is the equivalent value of money today of the future money based on the time value of…

Q: Mike joins a savings program where he deposits $1000 at the begint he will earn a perpetuity paying…

A: Here,

Q: Exactly six years ago, Jay started investing $10,500 per year in an account that earned 5.00% p.a.…

A: To calculate how much Jay will have in his account exactly seven years from today, we can break down…

Q: Mr. Kamal wishes to accumulate Rs. 120,000 by the end of 5 years to meet educational expenses of his…

A: Compound interest with principal (A) = P x [1 + (r / n)](n x t) Principal = the present value of…

Q: A grandmother left a will to her grandson an amount of P25,000 and was deposited in a bank with a…

A: We are given- Rate=8% Present value=25000 Future value=45000 We have to calculate time period We can…

Q: am was injured in an accident, and the insurance company has offered him the choice of Php25,000 per…

A: Annuity is a type of investment where periodic amounts are paid or received over a fixed period of…

Q: To secure the future of his son, a man plan to deposit P50,000 in a bank account every quarter for 5…

A: Effective interest rate There is different frequency of deposited amount and the compounding of…

Q: Cyrus deposits a fixed monthly amount into an annuity account for his child's college fund. He…

A: Interest earned refers to an amount that is being earned by the investors over the amount of…

Q: nswoman, wishes to gift her boyfriend P20,000 on their 10th anniversary which is 10 years from now.…

A: Present value refers to the current valuation for a future sum. Investors determine the present…

Q: Donald will receive $450,000 from his trust fund in 20 years from today. He assumes he could get a…

A:

Q: Saturnino won a lottery and will receive a check for P700,000 at the beginning of each quarter for…

A: An annuity is a periodic cash flow that occurs at regular intervals. The future value of the annuity…

Q: Jason received an amount of 1000.00 from his grandpa as a birthday gift. He decides to invest the…

A: Principal Amount, P = 1,000 Interest rate, r = 10% = 0.10 Time, t = 5 years Future Value, FV = P…

Q: Find the total value of the annuity at the end of the 2nd year.

A: Ordinary Annuity: These are annuity payments made at the end of the given period. These payments…

Q: Your grandfather placed $5,000 in a trust fund for you.  In 12 years, the fund will be worth $9,500.…

A: Initial Value = $5,000Final Value = $9,500Number of years (n) = 12We need to calculate the annually…

Q: Salem plans to deposit $2200 every 6 months for 15 years to save for his son's higher education. The…

A: The objective of the question is to calculate the future value of a simple annuity where Salem…

Q: He wants to deposit his savings into a bank account. How much does Jacob have to deposit now in the…

A: Present Value The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: In order to fund his son’s higher education, Abdullah decided to invest $1000 quarterly for 6 years…

A: Future value is the worth of the current amount in future specified date at given interest rate. The…

Q: Daniel owns a homestay that yields annual rent of RM30,000. There is a rent payment due today and…

A: The value of the amount after two years which is to be computed at given interest rates is termed as…

Q: Peter makes a deposit at the end of every three months into a savings account that earns interest at…

A: Future value is the value of the future cash flows being compounded at a predefined rate of interest…

Q: Jadon received an amount of 1000.00 from his grandpa as birthday gift. He decides to invest the…

A: Principal Amount, P = 1,000 Interest rate, r = 10% = 0.10 Time,t = 5 years Future Value, FV = P…

Q: At birth of his grandson, Gregorio Sirug commits to help pay his college education. He decides to…

A: Quarterly deposit (P) = P10,400 Interest rate = 10% Quarterly interest rate (r) = 10%/4 = 2.50%…

Q: James Smith plans to save $4,000 every year for the next eight years, starting today. At the end of…

A: A deposit of $4000 is made every year starting from today. Number of years of investment is 8 and…

Q: Jacob has 5000 dollars and wants to earn 6500 dollars from the bank. If the bank gives a compound…

A: It will take 6.69 years for Jacob to reach 6500 dollars

Q: eposit $220 at the beginning of each of the 15 years, using interest at 7% per year, how much he…

A: Given information :

Q: How much will Cyrus receive 5 years after his last deposit if he deposited 1,092 Php annually for 10…

A:

Q: A man who won 730,000 pesos in a lottery decided to place 50% of his winnings in a trust fund for…

A: A man won a lottery of worth = 730,000 pesos He invested 50% in trust funds for his son education =…

Q: To secure the future of his son, a man plan to deposit P50,000 in a bank account every quarter for 5…

A: Solution:- When an amount is deposited each period at beginning of period, it is called annuity due.…

Q: 1. Ascertain the future value if compounding is done monthly, weekly and daily

A: Compounding is the process of calculating future value of a present sum of money. The future value…

Q: John recently set up a TDA to save for his retirement. He arranged to have $150 taken out of each of…

A:

Q: John deposit $400 monthly into a saving fund, 16 years later he will receive $100000, find out the…

A: Interest rate The rate at which the investor receives the return from the investment made or the…

Q: Ryan plans to deposit his annual bonus into a savings account that pays 3% interest compounded…

A: The compounding term refers to the interest on interest. The simple interest means the interest is…

Q: Mr. Ali deposited 500 OMR today into a security that pays him 10 % interest compounded. He  wanted…

A: The future value is the amount that will be received at the end of a certain period. In simple…