Pedro, who deposited P500,000.00 today with a financial Institution M, agreed with the latter that Pedro’s money shall earn monthly compounded interest. If the prevailing interest rate of the Institution M is 8 % compounded yearly, how much will the value of his deposit be after 14 months? show formula used and systematic solution
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Pedro, who deposited P500,000.00 today with a financial Institution M, agreed with the latter that Pedro’s money shall earn monthly
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- Pedro, who deposited P500,000.00 today with a financial Institution M, agreed with the latter that Pedro’s money shall earn monthly compounded interest. If the prevailing interest rate of the Institution M is 8 % compounded yearly, how much will the value of his deposit be after 14 months?A man borrowed Php200000 from his friend and agreed to pay years at an interest rate of 10% per annum. How much should the man deposit monthly in a bank in order to discharge his debt, if the bank offers 6% annual interest rate?A person is preparing for his retirement and placed 50,000 Php in a time deposit with 6.5% interest per annum, compounded continuously.Using N for the monetary amount, what is the continuous compounding interest general solution? What is c? Using N for the monetary amount, what is the particular solution equation for the problem? How long (in years) will it take the retirement fund to reach 1 million Php?
- 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 XThe following information relates to the number cases to be solved by using financial functions: If you deposited sum of 200 JOD at the beginning of each month for 20 Years at an annual interest rate of 12%. What are the present and future values of these deposits? If the annual interest rate is 6%, what is the monthly payment to be invested at the beginning of each month for a period of 20 years to save the amount of 100000 JOD? Salem invested 120000 JOD for 10 years and the total value of this investment have reached to 195467 JOD, what is the annual interest rate for this investment. Required: Create a new worksheet “Q2”and formulate it to be suitable then use the necessary financial functions to resolve the previous examples.In the situation where Ahmad are depositing $1,000 per month in a savings account that pays 6 percent interest per year compounded quarterly. Here payment period is greater than compounding period. Select one: O True O False
- a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate Time Financial Goal $? at the end of each year 3% compounded annually 18 years $140,000 a.The periodic deposit is $_______. (Do not round until the final answer. Then round up to the nearest dollar asneeded.)Find the interest rate for a $9500 deposit accumulating to $11,768, compounded annually for 9 years? And how do you calculate the answer on a scientific calculator?You deposited PHP1,500 in a bank with an interest rate of 5% for 1 year. What is the future value of your deposit?
- If you borrowed P250,000 from a bank payable for two years and 6 months at simplediscount rate, how much will you receive from the bank?A chemical engineer wants to deposit an amount now such that she can withdraw an equal annual amount of S3000 per vear for the first 5 vears, starting 1 year after the deposit, and a different annual withdrawal of $2000 per year for the following 3 years. How would the cash flow diagram appear if the account earns rate of interest of 8.59% per year. Determine the amount of initial deposit made by the engineer after writing the initial set up equation for the cash flow. What is the present worth of equal annual amounts deposited for the first five years based on your calculationsUse the appropriate formula located on Illustration 10-1 on page 209 to solve the problem. Bob deposits $5000 at the end of each 6 months for 14 years in an account paying 6% interest compounded semiannually A) Find the amount he will have on deposit at maturity. B) How much interest did Bob earn? Hint: Find the total amount that was deposited by multiplying the total number deposits with amount of each deposit and then subtracting this from the future value. Show the use of the appropriate formulas for each part by indicating the evaluation of the formula with information and provide the answers. Be sure to parts using the provided letters and organize your work neatly.