hn makes an Investment of 10900 into an account that pays Interest compounded annually. In addition, e makes a yearly deposit of $170. At the end of 3 years, his balance is 15900. Determine the Interest he arned on the savings account. ohn annual percentage rate on his investment was Time Value of Money Solver Enter the given values.
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- Question 7 of 10 > Every year you deposit $3,400 into an account that earns 2% interest per year. What will be the balance of your account immediately after the 20th deposit? Click the icon to view the interest and annuity table for discrete compounding when i = 2% per year. Choose the correct answer below O A. $79,464 O B. $68,000 OC. $82,611 OD. $51,438 O E $84,263Exercise 1. Compute the annual interest, total interest and the amount to be received or paid at the end of the term for each scenario using a simple interest assumption: 1. You invested P28,000 in govemment securities that yields 5% annually for three years. 2. Your mother obtained a car loan for P900,000 with an annual rate of 12% for 5 years. 3. You deposited P10,000 from the savings of your daily allowance in a time deposit account with your savings bank at a rate of 1.5% per annum. This will mature in 6 months. Exercise 2. Using the situations provided in Exercise 1, compute the annual interest, total interest and amount to be received or paid at the end of the term of each scenario using a compound interest ass 1. You invested P28,000 in govemment securities that yields 5% annually for three years. 2. Your mother obtained a car loan for P900,000 with an annual rate of 12% for 5 years. 3. You deposited P10,000 from the savings of your daily allowance in a time deposit account with…QUESTION 4 For the next 13 years, you will deposit $2,250 every quarter in a savings account. The account pays 3,75% interest compounded quarterly. What is the future value of this series? a. 93,585.77 O b. 149,891.29 O c. 72796.45 O d. 436,228.07
- Part 2: When Tammy borrowed $8000.00 at 11.00% compounded quarterly she'll repay the loan in equal monthly payments over 5 years. How much of the 24th payment is interest? $52.46 d. $48.70 O a. $49.35 e. $49.11 b. $49.84Exercise 4. Simple Interest. Calculate the amount of money you will have in the following account after 5 years, assuming that you earn simple interest You deposit $700 in an account with an annual interest rate of 4% Exercise 5. Compound Interest. Use the compound interest formula to compute the balance in the following accounts after the sd period of time, assuming interest is compounded annually: $10.000 is invested at an APR of 4% for 10 years. Ộ1 = P x (1+ APR %3DQuestion 3: 1 Salem wishes to withdraw AED 30,000 at the end of each year of the next 6 years from his bank account that pays 10% interest compounded annually. Required: a. How much does Salem need to invest today to meet this goal? b. Which annuity (ordinary annuity or annuity due) is better for Salem's situation
- a man borrows money from a bank . he receives the money in 5 equal annual installment of X commencing at t=1 with t in years.He repays the loan with twenty equal annual payment of 100 . if the first payment is due one year after the last installment and the interest rate is i=0.13 the find an equation for XExercise 2. Using the situations provided in Exercise 1, compute the annual interest, total interest and amount to be received or paid at the end of the term of each scenario using a compound interest ass 1. You invested P28,000 in govemment securities that yields 5% annually for three years. 2. Your mother obtained a car loan for P900,000 with an annual rate of 12% for 5 years. 3. You deposited P10,000 from the savings of your daily allowance in a time deposit account with your savings bank at a rate of 1.5% per annum. This will mature in 6 months assumption.A person opens a bank account with a deposit of $150 what is the future value of this amount after 3 years if the interest rate is 8% compounded quarterly? O a. 166.29 O b. $190.23 c. $300 O d. 188.20
- If you invest $2,138.04$2,138.04 in an account earning an annual interest rate of 4.838%4.838% compounded semiannually, how much will be in your account after 33 years? After 1111 years?Q: Assume that you will be opening a savings account today by depositing $125,000. The savings account will pay you 7.5% annual interest compounded quarterly, and this rate is assumed to remain in effect for all future periods. Five years from now you will withdraw R dollars. You will continue to make additional withdrawals of R dollars for a while longer –making your last withdrawal at the end of year 12 – to achieve the required pattern of withdrawals. How large must R be to leave you with exactly a zero balance after your final withdrawal is made at the end of year 12?Problem 3 (a) If Daniella opens a mutual fund account with a deposit of $15,000 and it promises to pay an annual interest rate of r%, compounded on a monthly basis. (i) Derive a function B, which shows the balance on Daniella's account the end of 6 years. (ii) Make a comparison of the rates of change in B with resect to the interest rate when r is 8% , 10% and 12%.