4a. Suppose two $100 withdrawals are made, the first in 2022 and the second in 2026, emptying an account that earns 5% interest, compounded annually. What amount was deposited when the account was originally opened in 2020? Show any work; partial credit might not be awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)].
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![4a.
Suppose two $100 withdrawals are made, the first in 2022 and the second in 2026, emptying an account that earns 5% interest, compounded
annually. What amount was deposited when the account was originally opened in 2020?
Show any work; partial credit might not be awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)].](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F404f3a78-f730-4773-ad7b-fe6612b342a7%2F8c0f4b90-8ba7-4064-8a80-aedbc2b0ad13%2F8d4tyli_processed.jpeg&w=3840&q=75)
While analyzing the time value of money, the present value of 2 withdrawals should be equal to the initial deposit.
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- 4a. Suppose two $100 withdrawals are made, the first in 2022 and the second in 2026, emptying an account that earns 5% interest, compounded annually. What amount was deposited when the account was originally opened in 2020? Un dit night not bo quardod in the absence of mnemonic notation le g F(P/E i p)l.3. Suppose $100 was deposited in 2022 into an account that earns 5% interest, compounded annually. At the end of what year would it first be possible to withdraw $350? Show any work; partial credit might not be awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)].1a. Suppose $100 is withdrawn at the end of 2023, emptying an account that earns 5% interest, compounded annually. What amount was deposited when the account was originally opened in 2020? Show any work; partial credit might not be awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)]. Edit Format Table BIUA ev アン||| || 12pt v Paragraph v hp to %, 61 の 00
- Answer the following questions correctly and show your Complete Solution. a. 3 1/5% is equivalent to b. Find the actual time and approximate time from October 5, 2020 to June 30, 2021 c. Which of the following are NOT true?I. Principal is the money given or paid invested in the origin dateII. Origin date is a date on which money is paid by the borrower.III. Interest is an amount or earned for the use of the moneyIV. Simple Interest is an interest that is computed on the principal and then added to it.1b. Originally, the depositor intended to withdraw $100 at the end of 2022, emptying an account that earns 5% interest, compounded annually. Now, suppose the depositor changes their mind (i.e., does not empty the account in 2022) and instead delays withdrawing their money until 2025. What withdrawal amount would empty the account? night not he awarded in the absence of mnemonic notation [e.g., F(P/F, i, n)].Based on Problem 2, what should be the age of Receivable in 2021? a.110 days b.120 days c. 30 days d. none of the above
- RM1000 was deposited on 29th April 2019. Find the accumulated value if the money is withdrawn on 21st February 2020, with the simple interest rate of 6%, and consider the time is counted using: 4. (a) Exact simple interest. (b) Ordinary simple interest. (c) Banker's Rule.Suppose that $1,364 was on deposit in a bank at the beginning of 2022 and that this amount increased to $3,660 by the end of 2048; there were no intermediate transactions. What was the annual interest rate?Exercise (1.77) You deposit an amount X into an account at time 0 and 2X into the same account at time 3. The account balance at time 5 is 5,000. If the account has earned a 4% annual effective rate, what is the value of X? Answer: 1,479.35
- A certain sum of money P draws interest compounded continuously. If at a certain time there are Po dollars in the account, determine the time when the financial attains the value of 2Po dollars if the annual interest rate at 2%. Select the correct response: none of the choices 0.577 hr 0.632 hr 0.923 hr 1.041 hrOn January 1, 2022, Slack Company finished legal services and accepted in exchange a 5% $400,000 promissory note with a due date of December 31, 2024. Interest is receivable on January 1 of each year. Notes with similar risk have a market rate of interest of 10%. Set financial calculators to zero decimal place. Required: (a) Determine the value of the following: N = Answer 1 Question 3 I/Y = Answer 2 Question 3 PMT = $Answer 3 Question 3 FV = $Answer 4 Question 3 (b) The present value of the note was $Answer 5 Question 3 (c) Prepare a Schedule of Note Discount/Premium Amortization for Slack Company under the effective interest method. Slack Company Schedule of Note Discount/Premium Amortization Effective Interest Method Date Cash Interest Amortized Amount Carrying Value of Note Jan 1, 2022 $Answer 6 Question 3 Dec 31, 2022 $Answer 7 Question 3 $Answer 8 Question 3 $Answer 9 Question 3 Answer 10 Question 3 Dec 31,…a. What amount could be withdrawn at t=10? b. What uniform annual series deposits (n=10) would result in the same accumulated balance at the end of year 10?