You need $42.000 need to save today 6.500 dollars 7,500 dollars 8.500 dollar years Eastem bank pays 72 aly You will receive a dividend of $140 I save t in the Easter bank. The amount of money that you

Q: A young man has decided to go into the business at the age of 25, he deposits a certain amount and…

A: N = Number of deposits = 11  Annual Increase in deposit = 50,000 Future Value Required = 30,000,000…

Q: 1On the day you retire you have $500,000 saved. You expect to live another 30 years during which…

A: Time value of money refers to the concept that money available today is worth more than the same…

Q: If you made $600 after investing $12,000 in a bank CD for 4 years, what percent simple interest did…

A: Simple interest = Principal*interest rate*time period Interest rate = Simple…

Q: Your father helped you start saving $20 a month. He always made you deposit the money into your…

A: APR stands for Annual Percentage Rate. It is a measure of the cost of credit, expressed as a yearly…

Q: How much do you have to deposit now with a second deposit in the amount of $700 at the end of the…

A: Second deposit at the end of first year is $700  Amount withdraw at the end of year 2 to 4 is $150…

Q: ch will she be investing annu

A: Stocks refer to the form of security bought by an entity out of a certain fraction in the ownership…

Q: Granny puts OMR 65,000 into a bank account earning 3%. You can’t withdraw the money until the…

A: Calculation of number of years: Answer: Number of years that the money left in the account is 37.17…

Q: If you made $500 after investing $1500 in a bank CD for 5nyears, what percent simple interest did…

A: Interest rate can be calculated by dividing amount earned with total amount of investment.

Q: You are comparing two banks. One bank is online and offers a savings account interest rate of 1.75%…

A: The annual percentage yield is the real rate of return that an investment earns over a period of…

Q: What amount will Miley need to put in the bank today at 4% interest in order to have $20,000 in 5…

A: Present value method is used to evaluate the different level of investment projects. With the help…

Q: 3. How much should be invested in a fund each year paying 3% compounded semi-annually to accumulate…

A: The accumulated value is the future value of a regular annuity paid at regular intervals. It…

Q: You are to receive $16 700 from your trust fund in 7.5 years. You negotiate a deal where you can…

A: Future value refers to the value of current asset at some future date affected by interest and…

Q: If you are purchasing a building for $8,000,000 and the bank lends you $6,400,000 the Loan to Value…

A: BANK LOAN Bank Loans are reported under the Liabilities section of the balance sheet.. There are two…

Q: A young man saved his money every quarter for 5 years into his bank account. He deposits P2,000 per…

A: Here,

Q: When your father was bom 43 years ago, his grandparents deposited $500 in an account for him. Today,…

A: Due to compounding of interest that is interest on interest including interest on principal amount…

Q: How much do you need to invest today to receive $7,500 in 8 years, if you can earn 3% on your…

A: INFORMATION: RATE 3% YEARS 8 PMT (MONTHLY DEPOSIT) 0 FUTURE VALUE $7,500

Q: 1. In a bank account that pays interest 2% p.a, what should you deposit now to have a balance of…

A: Future value is the amount that existing assets are worth at a specific future date after they have…

Q: - Alice wants to have $90,000 ten years from now. If her bank is paying 4.12% and compounds weekly,…

A: Given. Amount required $90,000 Term is 10 years Rate is 4.12% compounded weekly.

Q: How much money do you need today to ensure that you will have $18000 in 4 years, assuming you can…

A: The present value of money is the amount that a future cash flow is worth today, taking into account…

Q: Problem 4 A businessman wishes to have an amount of P2769.84 after 5 years. He deposited P500 each…

A: The time value of money refers to the determination of the future and the present value of lump-sum…

Q: Consider the two savings plans below. Compare the balances in each plan after 11 years. Which person…

A: Here, Particulars Deposits of Y Deposits of Z Amount deposited (PMT)  $ 450.00  $5,400.00 APR…

Q: How much money do you have to invest in order to accumulate a total of $4761 in 327 days if you are…

A: Invested amount refers to the present value of an investment made today as the money present today…

Q: Question a    .Nervous Rollo puts $10,000 per year into a savings account from ages 25 to 60 earning…

A: The profit that an investor reaps after accounting for the inflation effect is known as the real…

Q: 33. How much will my $7,000 be after 15 years in a bank with an interest rate of 10%? OA. P28,240.74…

A: Initial value (I) = P7,000 Interest rate (r) = 0.10 Period (n) = 15 Years   Value in 15 years = ?

Q: You invest in a bank $5,000 at beginning of every 6 months. How much will you get if you withdraw…

A: The deposits to a bank work on the concept of the time value of money where the money deposited now…

Q: Banco Filipino is offering 0.8 percent compounded daily on its savings accounts. If you deposit…

A:

Q: Fifth Fourth National Bank has a savings program which will guarantee you $14,500 in 11 years if you…

A: The Future Value of the Annuity refers to the sum value of all the payments which is occurred…

Q: Stella deposits $1,250 in a bank account that pays 10.5% interest compounded monthly. In 7 years,…

A: We have; Amount deposited is $1,250 Interest rate is 10.5% compounded monthly Monthly interest rate…

Q: Rosalba will save $2.000 at the end of each year. Her bank promises she'll eam 8.8 percent annually.…

A: The future value of annuity is derived by multiplying the annuity amount with the future value…

Q: Your bank pays 4.1% interest annually. You have $2,700 invested in the bank. How long will it take…

A: Annual interest rate = 4.1%  Invested Bank = $2,700 = Present value The invested bank amount gets…

Q: How much would your investment be worth if you deposited $5,555.55 into a bank that paid simple…

A: Total Interestn need to be computed for 10 years period by computing the annual interest on amount…

Q: You have lent your friend $10000. Your friend offers you the following instead of paying the $10000…

A: Given information: Your friend has offered you to pay his loan in 4 payments at the end of 4 years.…

Q: You want to have $10,500 saved 8 years from now. How much less can you deposit today to reach this…

A: A = whereA = Amount to be deposited todayFV = future valuer = interest raten = time period

Q: Problem 6: You are trying to explain to a friend the power of compound interest. So you use the…

A: Simple interest is when the interest is charged only on the principal amount. The formula of the…

Q: Question (3) Mary made five annual deposits of $X1 in a savings account that pays interest at a rate…

A: The future value (FV) refers to the value of an investment or asset at a specified point in the…

Q: Raj wanted to invest RM11,200 in an account for 11 months. Find the required interest rate for her…

A: Interest rate refers to the amount which the lender charges to borrower as well as it is the…