RM250 is deposited every 2 months into an account for 10 years. Calculate the accumulated amount if the interest rate is 5.2% compounded quarterly. No use excel. Hence, find the interest obtained.

Q: 1.) An amount of R1 500 is deposited in a bank paying an annual interest rate of 4.3%, compounded…

A: According to bartley guidelines ,if multiple questions are asked , then st question needs to be…

Q: If you deposit $100 in a savings account at the end of each month for 2 years, the balance will be a…

A: Ordinary Annuity means a series of equal payments that are made over a fixed length of time at the…

Q: 3. You have a bank deposit now worth $5000. How long will it take for your deposit to be worth more…

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Q: Suppose an account pays 12% simple annual interest, and $6,316 is deposited into the account. If the…

A: Simple interest is the interest calculated on the initial deposit amount. Interest is deposited…

Q: The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple…

A: We need to use simple interest formula to calculate the simple interest. The formula is Simple…

Q: An amount of P dollars is borrowed for the given length of time with the amount F due at the end of…

A: given data  borrowed amount (p)= 2400 due amount (f) = 3744 time period t = 7 years interest rate =…

Q: How much will the account contain after 9 years and 3 months? How much interest will be earned?

A: Deposit amount = $600  Interest Rate = 5±70 compounded quarterly i.e 4.3 or 5.7 compounded quarterly…

Q: If $7,128 is deposited into an account that earns simple interest and it takes 9 years to earn…

A: Interest earned is 1796.26 No of years =9 Annual interest is = 1796.26/9 = 199.58

Q: You have a bank deposit now worth $5000. How long will it take for your deposit to be worth more…

A: Interest is an additional amount which is earned on deposited amount for the period. It increases…

Q: consider a $5,600 deposit earning 10 percent interest per year for 10 years. What is the future…

A: Deposit  amount = $ 5,600 Interest rate = 10% Period = 10 Years

Q: 2) If you deposit $3 account balance How many yea

A: The question is based on the concept of Financial Management.

Q: Suppose that you deposit $7000 in a savings account that pays 4% annual interest, with interest…

A: future value can be calculated from present value using interest rate and given period of savings in…

Q: Suppose $2000 is deposited in a saving account that pays interest at an annual rate d 0.40%,…

A: The concept is of calculation of present value when interest rate is compounded continuously. In the…

Q: Compute and compare the following interests situations if you deposit $2500 into an account with…

A: When we make an investment or deposit money in a bank our invested amount grows. This is because…

Q: An amount of $124 is paid at the end of every month into an account. If the nominal interest rate is…

A: Here, Monthly Amount is $124 Interest Rate is 3.02% Compounding Period is Semi Annual Payment Period…

Q: A sum of 2500 TL is deposited in a bank and cashed back at the end of 3 year as 5000 TL. Find the…

A: Deposited amount (PV)= 2500 TL Cashed amount (FV)=  5000 TL Time period= 3 years Monthly and annual…

Q: 1. If you deposit OMR 32000 today in to a bank account that pays 4% interest compounded, how much…

A: 1. we need to calculate future value of OMR 32,000 after 5 years at 4% interest rate. so, future…

Q: Suppose you deposit $10 every week into an account that earns 4% interest compounded weekly.  How…

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

Q: a. How much money will be saved? b. How much will be owed after 2 years?

A: Time value of money (TVM) refers to the method used to measure the amount of money at different…

Q: How much must be deposited today into an account earning 3% interest annually to support an annual…

A: Information Provided: Interest rate = 3% Annual withdrawal = $1800

Q: Convert 16% compounded monthly is equal to an effective interest rate. 4. Find the accumulated…

A: As you have asked multiple questions, we will solve the first question as per Bartleby policy.…

Q: What is the effective annual interest rate in each situation? Show and explain all supporting…

A: Effective annual interest rate is the actual Interest which is paid or received by taking into…

Q: Consider a loan of 800,000 which is to be amortized by 60 monthly payments. The interest rate is 12%…

A: Solution:- When an amount is borrowed, it can either be repaid as lump sum payment or in…

Q: Suppose that $4500 is invested in an account that pays 2% annually and is left for 4 years. 1) How…

A: Given Information:  Principal = $4,500  Rate = 2% or 0.02  Time = 4 years

Q: Find the simple interest.​ (The rate is an annual rate unless otherwise noted. Assume 360 days in a​…

A: The simple interest is based on the principal amount, the interest rate, and the time period.

Q: 1. Let's assume that a loan of $100,000 with an annual interest rate of 6% over 30 years pays…

A: Accumulation rate is the increase in size of asset, position or overall buying activity of…

Q: An amount of P dollars is borrowed for the given length of time at an annual interest rate of r.…

A: Principal amount is $3200 Interest rate is 9% Time period is 3 months To Find: Simple interest

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A: Loans have to be repaid by making fixed periodic payments. Here the periodic frequency is annual. A…

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.