Anita put up a bank account with an initial deposit Lou f P25, 000. After six months, she deposited three consecutive 5,000 pesos every quarter. How much is her simple interest rate after two years if the simple interest rate is 7 1/2%.
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- 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. 2,0000.9264Jane deposits 10,000 USD and opens a deposit account at a bank. It will also deposit 6,000 USD one year later and 4,000 USD the following year. The deposit account is valued at the annual fixed effective interest rate of x%. Calculate the interest rate (x), if the value of the money in his account at the time Suat deposits 4,000 USD is 22,000 USD? ThanksAnita put up a bank account with an initial deposit of 25, 000. After six months, she deposited three consecutives 5, 000 pesos every quarter.How much is her simple interest rate after two years if the simple interest rate is 7 and a half percent
- Kathy's bank account earns interest at a nominal annual interest rate = 5% compounded semi-anually. There is a starting balance of $2500 in the account and a deposit of $800 is made at the END of every year. How many years until the balance in her account equals $25,000?Jona has decided to deposit ISK 200, 000. deposit into a bank account, annually, for the next 5 years, which is then a total of ISK 1, 000, 000. The first payment is in exactly 1 second (ie immediately) and then there are 4 payments after that. Interest on the account is 8% per annum for the first 2 years and then 6% per annum after that. How much will Jóna have in the account after 5 years? Group of answer choices ISK 1, 267, 186 ISK 1,210, 023 ISK 1, 277, 538 None of these are correct ISK 1, 276, 558 ISK 1,410,023Imelda opens a savings account with $12,000, which pays an annual interest rate of 7.8%. If she reinvests the generated interest every month and also deposits $2,300 each month, how much will be in the account after 2 years? The interest is reinvested on the same day as the $2,300 deposit. Otions: 69177.89 71052.15 73548.61 70524.79
- Elizabeth Brown has $23,000 that she can deposit into a savings account for five years. Bank A compounds interest annually, Bank B twice a year, and Bank C quarterly. Each bank has a stated interest rate of 7 percent. What account balance would Elizabeth have at the end of the fifth year if she left all the interest paid on the deposit in each bank? (Round answers to 2 decimal places, e.g. 52.75.) Future ValueTess wanted to have P100,000 on her bank account at the end of 8years. She plans to deposit an amount at the beginning of each month at an interest rate of 3.5% compounded quarterly.a.What is her monthly deposits?b.What is the present worth of these deposits?Sarah opens an investment account with an initial deposit of $1900. She then sets up monthly deposits of $80 to the account. If the account earns 2% interest compounded monthly, how much money will she have in the account in 5 years?
- A young man saved his money every quarter for 5 years into his bank account. He deposits P2,000 per quarter for the first 2 years and P4,000 per quarter for the next 3 years. If the interest rate is 12% compounded bi-monthly, how much is the accumulated after his last deposit?Susie opens a simple interest checking account. After 6 months, her account grew from P5,000 to P5062.50. What is the annual interest rate on her account?Suppose Emma had deposited another $500 into a savings account at a second bank at the same time. The second bank also pays a nominal (or stated) interest rate of 9% but with quarterly compounding. Keeping everything else constant, how much money will Emma have in her account at this bank in 11 years?