stomer wishes to have an amount of R300 000 at the end of 10 years. The bank pays an interest rate of 8% per annum, compounded annually. How much money will the customer have to inves

Q: An investor wants to get back his 10000$ savings as 18106$ in the future by depositing it in the…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: You need to turn $11,827 dollars into $18,864 dollars in 7 years.  Assuming you make no extra…

A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per periodn = no. of compounding…

Q: 3. If you are planning a trip to other place after 3 years. And, if you intend to deposit savings of…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: If you deposit OMR 28416 in your account in a bank. Suppose the bank pays 8% compound interest half…

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

Q: Suppose you need to accumulate GHȼ100,000 in 10 years. You plan to make a deposit in a bank now, at…

A: The future value of the growing annuity is the future worth of a cash flow series growing at a…

Q: You plan to collect up to 6 million. ISK but you have 200,000 ISK. into your bank account. You…

A: The concept of time value of money will be used here. The value of money changes with passage of…

Q: If you wish to withdraw P20,000 after 5 years at the interest rate of 5% compounded annually, how…

A: Amount to withdraw (A) = P 20000 n = 5 years r = 5%

Q: A bank offers to pay you 6 percent compounded monthly. Franco decide to invest 1 million pesos for…

A: Interest rate = 6% Monthly interest rate (r) = 6%/12 = 0.50% Period = 1 Year Monthly period (n) =…

Q: A student plans to deposit P1,750 in the bank now and another P3,050 after 2 years. If he plans to…

A: Deposit now = P 1750 Deposit after 2 years = P 3050 Withdraw after 5 year (3 Years after last…

Q: You just invested $5,000 in a 48-month certificate of deposit (CD) at your local bank. The CD pays…

A: In this question we need to compute the worth of CD when it matures i.e. we need to compute its…

Q: 1.-What is the size of 60 monthly payments and 5 annuities that result from the purchase of land…

A: As per the honor code, we’ll answer only one question at a time, we have answered the first question…

Q: If you deposit OMR 7387 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: Time value of money says that a dollar today is worth more than a diollar in future. Future value is…

Q: se you recently bought a house for R1 650 000 and secured a home loan from the bank, with an…

A: Mortgage loans are paid by equal monthly installments and these carry the payment for interest and…

Q: mpounded monthly. You plan to put $1,000 per year over the next 2 years as well.  How much will you…

A: To determine the value of the bank account, we need to determine the effective annual rate given the…

Q: d. Using information from (la) only, what quarterly compounded interest rate should the bank quote…

A: The effective annual interest rate (EAR) is defined as the annual growth rate that takes compounding…

Q: nd inter

A: Note : As per our guidelines, we can only solve one question at once. Since, you haven't mentioned…

Q: If bank offers you to double your money in 12 years, what is the interest rate that it gives?

A: Given, Number of years 12.

Q: PLEASE HELP ASAPThe client has made a deposit in the bank in the amount of 10,000$. The duration of…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Many locations require that recent be paid interest on their security deposits. If you have a…

A: Present Value = $1,800 Time = 1 year Rate = 3%

Q: You sign a mobile phone contract agreeing to pay £30 at the end of each month for the next two…

A: Present value (PV) is a financial concept used to determine the current worth of future cash flows…

Q: Q4. A local bank advertises the following deal: "Pay us $100 at the end of each year for 10 yearsand…

A: A. Present Value of Your Payments to the BankThe formula for the present value 𝑃𝑉 of an ordinary…

Q: 2. You are running a bank. A customer agrees to pay you with annual interest rate of 10% for 5…

A: We need to use loan amortization formula to calculate amount of loan Loan amount(P)=PMT1-1(1+i)ni…

Q: Suppose you deposit shs 5,000,000 into an account earning 4 percent interest, compounded monthly. a)…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: What ne future value

A: This is a question relating to time value of money. Present value and future balue calculations are…

Q: Your bank pays 2.6% interest per year. You put $1,400 in the bank today and $500 more in the bank in…

A: The future value can be calculate using the formula,

Q: Using an annual effective interest rate of 8%, determine X.

A: To determine the value of X, we need to calculate the present value of the cash flows using the…

Q: These are 2 subsections of the same question, please answer both questions. Please round the answer…

A: Loan Amount100000PVTenure, years5NPERInterest rate0.1RATEAnd Notional amount10000Future…

Q: If you want to have $22,327 in fifteen years, how much do you need to deposit in a bank account…

A: The deposit required today is calculated as the present value.

Q: You want to have $10000 in five years.  How much should you deposit today if the bank pays 4%…

A: $10000 in 5 Years  That is 5*12 months = 60 Months (n) Interest rate 4% annual compounded monthly…

Q: 4. You wish to accumulate RM100,000 at the end of 20 years. To do this, you need to deposit an equal…

A: We need to use future value of ordinary annuity formula to calculate annual payment to achieve goal.…

Q: You put 8,293 in the bank for 11 years at 5% what factor would you use to calcuate the future value…

A: Formula future value = present value x (1 + interest rate)^n Present value = 8,293 Interest rate =…

Q: A man deposits Php 1500 in the bank now and plans to withdraw Php 1000 next year. What will be the…

A: Deposit in year-0 = Php 1500 Withdraw in year-1 = Php 1000 Future value period = 10 Years Annual…

Q: ou are promised 5 (yearly) payments of 500 EUR from your fairy godmother. The first payment is…

A: We can compute the present value of all promised payments at the bank agreed interest rate of 3%.

Q: A person would want to have K143.33 in 4 years time by depositing a single cash of K100 in a bank…

A: Compound interest is one of the ways that money invested earns interest. In compound interest, the…

Q: How much do you have to deposit today so that beginning 11 years from now you can withdraw ​$12,000…

A: Given, Amount that can be withdrawn from years 11 to 16 is $12000 Additional amount at end of 16 th…

Q: If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest half…

A: Future Value  Future value  is the worth of any asset or any sum of money at a future date when such…

Q: A client anticipates depositing 200 € at the end of each month for the first year, increasing these…

A: Not precisely what is being requested for is contained in the image. The query inquires about a…