Bayan wants to buy a house in six years. She hopes to be able to put down OMR 25000 at that time. If the bank CD she wants to invest in will pay 7.5 percent annually, how much will she have to invest today
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- Bayan wants to buy a house in six years. She hopes to be able to put down OMR 25000 at that time. If the bank CD she wants to invest in will pay 7.5 percent annually, how much will she have to invest today Select one: a. 15680.04 OMR O b. 16107.50 OMR O c. 17107.50 OMR d. None of these O e. 16199.03 OMRJannah is planning to visit her friends in London in three-year time from now. She needs a total of RM30,000 for that purpose. She has deposited RM12,000 in her savings account which pays 4% interest annually. Her parents promised to finance the balance by putting a sum of money in an investment earning 15% annually. How much do you think her parents must deposit now in order for her to have a total of RM30,000 at the end of year three?Honey wants to go to Siargao at the age of 25 and she is 20 years old today. She wants to know how much it will be worth her money if she saves 600.00 every 6 month and the banks' interest rate is 6% per year and she will start saving on june 30, 2021?
- Justine is thinking about purchasing an investment from RCBC Capital. If she buys the investment, Justine will receive P1,000 every three months for two years. The first P1,000 payment will be made as soon as she purchases the investment. If Justine's required rate of return is 16%, how much should she be willing to pay for this investment?Raya is saving for a new car. He needs to have OMR 21000 for the car in three years. How much will he have to invest today in an account paying 8 percent annually to achieve his targetBayan wants to buy a house in six years. She hopes to be able to put down OMR 25000 at that time. If the bank CD she wants to invest in will pay 7.5 percent annually, how much will she have to invest today اخترأحد الخیارات a. 15680.04 OMR b. None of these c. 16107.50 OMR d. 16199.03 OMR O e. 17107.50 OMR O
- (b) Aminah plans to buy a house in Shah Alam which the market price is RM450,000. To buy the house, she needs to pay 10 percent down payment and only has 5 years to accumulate that amount of money. Calculate the amount she needs to deposit every year if the account pays 8 percent interest annually.Frances plans to save money for a down payment on a house using an investment account that pays an interest rate of 5.3% per year. She wants to have $425, 000 available five years from today. Frances intends to deposit an amount today and at the end of each of the next five years into her investment account (i. e. she will make a total of six deposits, all of the same amount). How much will each of these deposits be? (Enter your answer to two decimal places)A young engineer wants to surprise her husband with a European vacation for their tenth anniversary, which is five years from now. She determine that the trip will cost $7,000. Assuming an interest rate of 5.5% compounded daily, approximately how much money does she need to deposit today for the trip?
- Celesta Frank wants to go on a cruise in three years. She could earn 8.2 percent compounded monthly in an account if she deposits the money today. She needs to have $10,000 in three years. How much will she have to deposit today? (Round to the nearest dollar.)We are now in the middle of 2020 and Daisy Lewis is saving to buy an apartment in Jumeriah Village Circle in 6 years. The estimated price of the house at the time of purchase is $550,000 and Daisy plans to put down a 15% deposit. Suppose that Daisy can invest her savings in a local bank that pays a 9.25% interest rate per year. Calculate the amount that Daisy will need to invest today to reach her investment goal in the future. Determine the amount of money that Daisy will need to invest each year in order to reach her investment goal.Salama wants to buy a car worth OMR. 10000, for which she has been saving and investing in bond an amount of OMR. 1100 each year for the last 10 years. She is willing to withdraw and buy a new car today, but does not know the exact amount of money she will get it. a) What amount will she receive assuming an interest rate of 7.75%? b) What amount will she receive assuming an interest rate of 8%? C) Suggest which option will help her in a better way to buy the Car worth OMR. 10000