Suppose you will save P 3,000 at the end of every three months in a bank that pays 3% compounded quarterly. How much is the amount or the future value of your savings after 18 months? A. P 18.430.98 B. P 18.340.89 C.P 18.034.89 R.P 18.000

Q: How much would be in your savings account in 7 years after depositing $200 today if the bank pays 10…

A: Step 1: Given Value for Calculation Time = t = 7 YearsPresent Value = pv = $200Interest Rate = r =…

Q: q5. An investment product will provide a cash flow of $613 at the end of each year for the following…

A: Q7) Effective Annual Rate = (1+APR/No. of periods)^No. of periods-1Effective Annual Rate =…

Q: Assume that you want to have $ 4100 saved in a sinking fund in 1 year. The account pays 3%…

A: Future value (FV) = $ 4100 Annual interest rate = 3% Monthly interest rate (r) = 3%/12 = 0.25%…

Q: What is the future value of $10,000 invest today in a savings account with an interest rate of 12%…

A: An amount deposited in the account earns interest for the duration of the investment. The amount…

Q: Q1. You plan to contrībute Ł6,000 at the end of every three months (that is, at each quarter-end) in…

A: In order to know the time period required to reach a certain financial goal of an individual or…

Q: 7 - When you estimate that you can buy a house for 1,000,000 TL in 10 years, if you accept that the…

A: Annuity means where regular payment is made at the end of regular period and full amount with…

Q: Assume you want to have $4050 saved in a sinking fund in 1 year. The account pays 3.5% compounded…

A: The amount of money invested over a period of time with the assumption of investment growth at a…

Q: Assuming an interest rate of 6.88% compute how much income you will have each month if you save $500…

A: A fixed amount of money paid to an individual throughout, without any end is known as an annuity.…

Q: The Continental Bank advertises capital savings at 7.9% compounded annually while TD Canada Trust…

A: Interest amount refers to the rate that is paid over the principal amount of savings by the bank or…

Q: If you deposit OMR 19500 in your account in a bank; suppose the bank pays 16.25% compound interest…

A: Future value is calculated by compounding the present value at a given compounding rate.

Q: If you deposit RM15,00O in an account earning 18% with quartely compounding how much would you have…

A: Using the future value function in excel

Q: Q6. You plan to deposit P100 into a savings account at the end of each month for the next 5 years.…

A: Note: The Answer, given for part b is mentioned incorrect, so we are solving the correct one for you…

Q: How much is there in a savings account in 2 year we deposit $5,000 now at a rate of 0.25% per month…

A: We need to compute the future value of $5,000 after 2years, Formula for same is : = A ( 1 + r)n Rate…

Q: If you deposit $3,500 monthly into a savings account which earns 8.25% interest rate compounded…

A: The future value of annuity refers to the future value of a series of payments. The future value can…

Q: Listen How much will you have in 6 years if you save $3,600 at the end of every six months? Money…

A: The concept of money's time value reveals that any sum of money is worth more currently as compared…

Q: Rate of return-Annuity What is the rate of return on an investment of $11,733 if the investor will…

A: The rate of return on the investment is calculated in excel using IRR function

Q: If you wish to withdraw the annual payment series in the figure below, how much do you need to…

A: Solution:- When an amount is deposited somewhere, it earns interest on it. The amount initially…

Q: . Example 2 You would like to have $500,000 in your retirement account when you retire in 25 Your…

A: The future value of money is considered as the sum of money received after a period of time at a…

Q: Assume you make a deposit of $7,500 now into a saving account that pays 12% per year, compounded…

A: Interest refers to the amount charged by the lender on the lent amount. The borrower of the loan is…

Q: You want to deposit your savings for a year and you have the choice of three accounts. The first…

A: Effective annual rate is the interest actually earned on the investment or paid on the loan, as a…

Q: A new investment opportunity for you is an annuity that pays $1,100 at the beginning of each year…

A: The maximum amount to be paid for annuity can be calculated by discounting future cash inflows at…

Q: Which of the following is not an established method of translation? O a. Forward method O b.…

A: If a business entity operates in other countries, different currencies are used for reporting the…

Q: 4. Suppose our savings account ($937.33) pays us compound interest with monthly compounding.…

A: Compounding is related to earning interest on interest. The compounding interest is more beneficial…

Q: How much money will you have after 4 years if you deposited P10,000.00 in a bank that pays 6% simple…

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

Q: Hannah deposits OMR 500 in an account earning 5% compounded half yearly. What will be the interest…

A: The answer is option (b.) [OMR 109.20] Refer step 2 for explanation

Q: An annuity with a cash value of $11,300 pays $950 at the beginning of every three months. The…

A: Given: Particulars Amount Cash value(PV) $11,300 Payment (PMT) $950 Interest rate 6%

Q: You deposit $400 at the end of each month into an account earning 3.7% interest compounded monthly.…

A: Future Value (FV) is a financial concept that represents the projected worth of a sum of money at a…

Q: What will a deposit of $2500 at 7.8% compounded semiannually be worth if left in the bank for six…

A: Formula for Future Value FV=PVx(1+r/2)nxt Where, FV = Future Value PV = Present Value r = rate of…

Q: Suppose you have a k5000 bank deposits. The interest rate is 6% compounded quarterly for 1 year.…

A: The effective annual interest rate (EAR) represents the actual interest rate earned on an investment…

Q: What will a deposit of $5500 at 7.8% compounded monthly be worth if left in the bank for 5 years?…

A: In the TVM calculator the input parameters will be: N  = 60 (5 years * 12 months in a year = 60) I%…

Q: An annuity with a cash value of $9,900 pays $290 at the beginning of every month. The investment…

A: Loans are paid by monthly payments that carry the payment for interest and payment for loan also but…

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: You are planning to make monthly deposits of £400 into a retirement account that pays 7 per cent…

A: Solution:-When an equal amount is deposited each period at end of period, it is called ordinary…

Q: ered by a bank an interest rate of 6.5% per annum, compounded annually. How much money will the…

A: The given problem can be solved using PV function in excel. PV function computes present worth for…

Q: 1. Consider the annuity of $ (F+2) per year for 5 years paid at the beginning of every year. If the…

A: Annunity per year is $(F+2) F = 2 Time Period is 5 years,  Payment made at the beginiong of every…

Q: Gary King will deposit $27500 into an account today that earns 13% per year compounded annually.…

A: Given information: Principle amount = $27,500 Rate of interest = 13% Period = 5 years

Q: You borrow 180000 for 12 years from a bank in order to renovate your flat. The effective interest…

A: Loan Amount = 180,000 Time Period = 12 years Interest Rate = 4.8%