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An individual makes five deposits that increase uniformly by Php. 300.00 every month in a saving account that earns 12% compounded monthly. If the initial deposit is Php. 4,500.00. Determine the accumulated amount in the account just after the last deposit. Please the cashflow diagram if possible.
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- Calculate the final balance on each bank account after making deposits in them with the following terms: A) A bank account that pays 3.5% per yearly period (i.e. the EAR) for the next 3 years in total. If you deposit $1 into a bank account that pays 3.5% per year for 3 years, the amount you will receive after 3 years is $ (Round your answer to five decimal places) B) A bank account that pays 2.3% every 6-month period for the next 3 years in total. If you deposit $1 into a bank account that pays 2.3% every 6 months for 3 years, the amount you will receive after 3 years is $ (Round your answer to five decimal places) C) A bank account that pays 8.0% per 18-month period for the next 3 years in total. If you deposit $1 into a bank account that pays 8.0% every 18 months for 3 years, the amount you will receive after 3 years is $ (Round your answer to five decimal places)An individual makes five deposits that increase uniformly by Php. 300.00 every month in a saving account that earns 12% compounded monthly. If the initial deposit is Php. 4,500.00, determine the accumulated amount in the account just after the last deposit PLSS answer it step by step including the units formula thanksYou have just opened a savings account which pays monthly interest at a rate of j12 = 5.5% p.a. You wish to accumulate $20,000 by depositing the same amount into the account at the end of each month, for 2 years, starting in a month's time. a) Determine the required size for the monthly deposit, R. Apply a sanity check. b) Construct a sinking fund table showing 24 deposits with a fixed interest rate of 5.5%. Describe and apply a sanity check to your table. c) Suppose that the interest rate is renewed every three months (quarterly) over the course of the two years as follows: Year 1 Q1 5.5% 02 Q3 2.8% 4.5% 04 01 4.0% 4.2% Year 2 Q2 04 03 3.8% 2.5% 7.5% If you maintain the same monthly deposit of R determined in part a), find the size of your sinking balance after two years. Will you meet your target of $20,000? Describe and apply a sanity check for your answer. d) Construct a sinking fund table showing 24 deposits with the variable interest rate. Describe and apply a sanity check to…
- An individual makes five deposits that increase uniformly by Php. 300.00 every month in a saving account that earns 12% compounded monthly. If the initial deposit is Php. 4,500.00. Determine the accumulated amount in the account just after the last deposit.Find the equivalent present worth of the cash receipts in the accompanyingdiagram, where i = 8% compounded annually. In other words, how much doyou have to deposit now (with the second deposit in the amount of $600 at the end of the first year) so that you will be able to withdraw $300 at the end of the second year through the fourth year, and $800 at the end of the fifth year, where the bank pays you 8% annual interest on your balance?A person deposits $100 per month into a savings account for 2 years. If $75 is withdrawn in months 5, 7 and 8 (in addition to the deposits), construct the cash flow diagram to determine how much will be in the account after 2 years ati= 8% per year, compounded quarterly. Assume there is no interperiod interest.
- Suppose you deposit $1,681.00 into an account today that earns 11.00% p.a. It will take years for the account to be worth $2,936.00.Suppose you deposit $3600 to open an account that earns 6% interest compounded monthly. You are trying to save money and find that you are able to put away an additional $50 each month. Write a recursive formula to show the amount of money you will have in the account at the end of each month.A person deposits $150 per month into a savings account for 2 years. If $75 is withdrawn in months 5, 7 and 8 (in addition to the deposits), construct the cash flow diagram to determine how much will be in the account after 2 years at i = 8% per year, compounded quarterly. Assume there is no interperiod interest. $4,050 $3,609 $3,090 $2,045
- suppose that 4,500 pesos is deposited each year into a bank account that pays 8% interest compounded quarterly how much would be accommodated in his fund by the end of the fourth year. the first payment occurs at time zero. draw the complete diagram.Find the equivalent present worth of the cash receipts in the accompanying diagram, where i = 8% compounded annually. In other words, how much do you have to deposit now (with the second deposit in the amount of $1,000 at the end of the first year) so that you will be able to withdraw $600 at the end of the second year through the fourth year , and $ 800 at the end of the fifth year , where the bank pays you 8% annual interest on your balance ?You made a deposit of $200 in your bank account today and you plan to make a further deposit of $20 per month for three months starting from three months' time. Starting from six months from today, you plan to withdraw $30 per month for the next three months. At the end of the year how much money do you have in your bank account assuming that the bank gives you an interest rate of 3% per month. Draw the cash flow diagram. (Hint: An interest rate of 3% per month means an interest rate of 3% per month compounded monthly.)