Mr. Dev wishes to purchase an AC for Rs. 45, 000 with a down payment of Rs. 5000 and balance in EMI for 5 years. If Bank charges 6% per annum compounded monthly then monthly EMI is: use 0.005 1-(1,005)- 0.0194 -60
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- A bank account pays 5.2 % annual interest compounded semiannually. How much money should be deposited in it now so that the account contains 20500 Rials at the end of 3 years? (Give your answer to the nearest Rial). 2 Select one: O 3704 (Rials) O 17116 (Rials) O 24563 (Rials) O 17129 (Rials)A man deposited P5,000 in a bank at a rate of 10% per annum for 7months and 25days. Find the ordinary simple interest and accumulated amount. O P326.39 O P336.39 P346.39 P356.39A man will deposit P1,000.00 with a savings and loan association at the beginning of each 3 months for 9 years. If the association pays interest at the rate of 10% quarterly, find the sum to his credit just after the last deposit. a. P58,633.95 O b. P58,733.95 O c. P58,373.95 O d. P58,763.95
- Bank A pays 5% interest compounded annually on deposits, while Bank B pays 4.8% compounded monthly. Based on the EAR (or EFF%), which bank should you use? Describe how you reach your final answerYou deposit Rs.5000 today in an account drawing 12% compounded quarterly. How much will you have in the account at the end of 2.5 years O a. Rs.7401 Ob. Rs 5523 Oc. Rs.6720 Od Rs.4478You would like to earn simple-interest $1 800 from a term deposit at 4.25% in 8 months. Calculate the principal you need to invest. Round your answer to the nearest dollar. O a. $72 605 O b. $63 529 O c. $77 775 O d. $67 818 O e. $56 471
- Roger and Ada Greyson have a certificate of deposit. The current balance is $4,000. The interest rate on the CD is 3.9%. There is a premature penalty on the CD of 5% what is the cash value of the CD? What is the actual anticipated annual income? A.0 B.80 C.148.20 D.156If you deposit OMR 27177 in your account in a bank. Suppose the bank pays 12% compound interest quarterly. Calculate value of your money in 4 years Select one: a. 166607.80 b. 43611.11 c. 16935.81 d. 42749.42 e. All the given choices in this question are not correctLeonardo's bank account contains $1,200,000. Leonardo will make equal monthly withdrawals at the end of each month for the next 25 years, at which time the account will have a zero balance. The rate of interest is 4% compounded monthly. What monthly payments will Leonardo receive? O a. $6,334.04 O b. $700,212.63 Oc. $4,000.00 Od. $2,334.04 O e. $227,342,979.57