If you deposit OMR 12200 in your account in a bank. If your bank pays 8.15% interest, how much will you get in 12 years? Select one: a. 31537.63 b. 29237.63 c. 31237.63 d. 29736.63
Q: How much money do you need to deposit in a bank account now so that you can years forever if the…
A: Withdrawal amount for every 6 years = $10,000 Number of years = 6 Interest rate (i) = 6% Deposit…
Q: An investor wants to get back his 10000$ savings as 18106$ in the future by depositing it in the…
A: A study that proves that the future worth of the money is lower than its current value due to…
Q: f you deposit OMR 20555 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Deposit amount (PV) = OMR 20,555 Annual interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4%…
Q: future value of your money in 17 years.
A: Future Values: Future value is the value that will be increased or decreased after a particular…
Q: Which do you prefer: a bank account that pays 5.0% per year (EAR) for three years or a. An account…
A: The following future value formula will be used:
Q: If you deposit OMR 28416 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: The future value is the amount that will be received at the end of a certain period. In simple…
Q: Which do you prefer: a bank account that pays 5.3% per year (EAR) for three years or a. An account…
A: Here, Current EAR is 5.3% per year Time Period is 3 years Case-a: When interest rate is 2.9% every…
Q: If you deposit OMR 27177 in your account in a bank. Suppose the bank pays 12% compound interest…
A:
Q: If you deposit OMR 20930 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: When interest is compounded multiple times in a year: Future value = Present value *(1+r/m)n*m r is…
Q: If you deposit $10,000 dollars into a savings account, what interest would you need to be earning to…
A: Working note:
Q: If you deposit OMR 8415 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Future value is the value of current asset or investment at a future date. Future value is…
Q: 7. If you deposit $14,000 in a bank account that pays 4.7% interest annually, how much would be in…
A: Future Value = Deposit * [ 1 + Interest rate ]Number of years
Q: Which do you prefer: a bank account that pays 5.5% per year (EAR) for three years or a. An account…
A: Current EAR is 5.5% per year Time Period is 3 years Case-a: When interest rate is 2.8% every six…
Q: If you deposit OMR 28252 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: The initial investment (PV) is OMR 28,252. The rate of interest (r) is 8% compounding semi-annually.…
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: If you deposited AED 55,650/ in a bank which was paying a 12% rate of interest on 10 year time…
A: Deposited ( PV) = AED 55,650 Rate of Interest (i) = 12% Year (n) = 10
Q: you would like to make $1309 in 6 years, how much would you have to deposit in an account that pays…
A: simple interest does not consider interest on interest.It is interest without compounding.
Q: If you deposit in a bank $200 today, $250 a year from now, $150 in the second year and $300 in the…
A: Future value is the expected value of current sum in a future date at given interest rate.
Q: 5. You deposit PHPI,500 in your bank account. If the bank pays 4% simple interest, how much interest…
A: Simple Interest = P * R *T Where P = Principal = PHP1,500R = Rate of Interest = 4%T = Time = 10…
Q: If you deposit OMR 7387 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Time value of money says that a dollar today is worth more than a diollar in future. Future value is…
Q: How much will you need to put in the bank today at 4% interest to have P20,000 in five years?
A: Present value is the sum of the current value of money of future cash flows. It is also known as a…
Q: If you deposit OMR 20555 in your account in a bank. Suppose the bank pays 8% compound interest…
A: We need to use future value formula given below to calculate future value of deposit FV =PV(1+i)n…
Q: Suppose you need to hand $52,569 in an account 25 years from today and that account pays 6%. How…
A: Future vaue =52569Interest rate=6%
Q: If you deposit OMR 16830 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Amount of Deposit = OMR 16830 Interest Rate = 8% Years =5 Interest Rate half yearly (r)=8%/2 =4%…
Q: If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Given information: Present value of deposits : OMR 8854 Interest rate : 8% Time period : 5 years…
Q: If you deposit OMR 5000 in your account in a bank; if your bank pays 9.05% interest, how much will…
A: future value = present value *(1+rate)^n future value = 5000 * 1.090515
Q: Your goal is to accumulate $60,000 in seven years' time. What monthly deposit must you make into a…
A: Interest rate per month = 12%/12 = 1% per month Time period = 7 years * 12 = 84
Q: How much would your investment be worth if you deposited $5,555.55 into a bank that paid compound…
A: Now, Principal amount invested $ 5555.55 for 10 years at 4% compund interest.Therefore, the formula…
Q: a. How much interest will you earn in the first year? b. How much interest will you earn in the…
A: Given, Deposit Amount (P)= $1,000 Interest Rate (r) = 8.25% Interest Amount = P(1+r)n-P Where, P…
Q: If you deposit $3,500 monthly into a savings account which earns 4.25% interest rate compounded…
A: The future value function or concept can be used to determine the future value of a present sum or…
Q: If you want to have $22,327 in fifteen years, how much do you need to deposit in a bank account…
A: The deposit required today is calculated as the present value.
Q: Suppose for an annuity due, you want to have S30,000 in the bank after 20 years. Assuming you make…
A: Time value of money is a concept that helps in determining the value of future cash flows…
Q: (a) A bank account pays 5.5% annual interest, compounded monthly. How long will it take the money to…
A: a) Let the initial amount = P Final amount = Double of the initial amount = 2P r = 5.5% per annum =…
Q: You have a bank deposit now worth P15, 000. How long will it take for your deposit to be P20, 000 if…
A: Here the given rate of 12% is the nominal rate and we will have to find the real rate of interest…
Q: If you deposit OMR 8500 in your account in a bank. Suppose the bank pays 1.15% compound interest…
A: Future Value ( FV ) is the value of a present investment worth in the future. Given, Amount of…
Q: How much money should you deposit in your account now if you are looking to have $7000 after 5…
A: Present value = Future value / (+rate )^ no. of period
Q: A person would want to have K143.33 in 4 years time by depositing a single cash of K100 in a bank…
A: Compound interest is one of the ways that money invested earns interest. In compound interest, the…
Q: If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Future Value Future value is the worth of any asset or any sum of money at a future date when such…
Q: You put $250 in the bank for 5 years at 12%. Using the Future Value of 1 Table, what factor would…
A: The Future Value can be calculated from Future value table using the following formula Future…
Q: How many USD should a person who constantly wants to receive 4500 USD at the end of each year invest…
A: The present value of a perpetual annuity is the current worth of an annuity which will continue till…
Q: Say you barrowed $10,000 from a bank at 12% interest rate per year for a period of 10 years. How…
A: Borrowed amount is $10,000 Interest rate is 12% Time period is 10 years To Find: Amount after 10…
Q: There is a bank account with a balance of 10,000 dollars and an interest rate of 1% per year. How…
A: Rule of 72 Rule of 72 provides a numerical formula to roughly predict the time period required to…
Q: If you deposit $100 monthly into a bank account that earns 4% interest per year compounded annually,…
A: Time Value of Money :— This concept says that value of money in present day is more than the value…
Q: Old-time savings bank pays 4% interest on its savings accounts. If you deposit $2200 in the bank and…
A: Interest is the amount received for the deposited amount in the savings A/C. Interest is mainly…
Q: You deposit $204 today into a bank account that earns 1% annually. How much will be in your account…
A: Future value is the amount to be earned in near future due to compounding of amount to near future.…
Q: If you make monthly deposit of $2360 into your savings account for next 23 years what return rate…
A: Using excel Rate function
Q: If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest half…
A: Time Value of moeny states that a dollar today is worth more than anytie in the future, as the money…
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- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.
- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264If you deposit OMR 27177 in your account in a bank. Suppose the bank pays 12% compound interest quarterly. Calculate value of your money in 4 years Select one: a. 166607.80 b. 43611.11 c. 16935.81 d. 42749.42 e. All the given choices in this question are not correct
- If you deposit OMR 28416 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years. Select one: a. All the given choices are not correct b. 34572.33 c. 42062.50 d. 41751.63 e. 61347.30If you deposit OMR 24184 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years. Select one: O a. 52210.84 O b. 35798.12 OC All the given choices are not correct O d. 29423.46 O e. 35533.55A person wishes to get 800$ at the end of second year and 900$ at the end of fifth year, if rate of interest is 12% how much he has to deposit in the bank today? Select one: a. 1220$ b. 1271$ c. 1160$
- How much money should you deposit in your account now if you are looking to have $7000 after 5 years. The bank pays 7% interest rate per year? Select one: O a. P= $6990.90 O b. P= $9990.90 O c. P= $4990.90 O d. P= $3374.48If you deposit OMR 8854 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years. a. 13106.04 b. 13009.18 c. 19114.90 d. All the given choices are not correctIf you deposit OMR 29173 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years. O a. 42863.89 O b. 62981.59 O C. All the given choices are not correct O d. 43183.04 O e. 35493.33
