draw the cash flow diagram please!! must you 2.38 You want to save the down payment required to purchase a vacation home au the end of four years. If the required down payment is $75,000 and you can earn 6% a year on your savings account, how much do you need to set aside at the end of each year for the next four years? • to nav
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- URGENT! PLEASE WRITE LEGIBLE. Question Suppose we deposit $1500 into an account that pays a simple interest rate of0.5% each month. Find the amount of interest earned at the end of 3 years?You want to buy an apartment at the price of 4 million Hong Kong dollars. You will do this with a mortgage from a bank at the annual interest rate 8% for 30 years. What is your annual payment? Draw a cash flow diagram.How much money will you have in seven yearsif you deposit $7,000 in the bank at 8.5% interestcompounded daily?
- QUESTION 1 Muhammad takes out a loan of $ 2,130, at 8% simple interest, for 8 years. How much will he pay back at the end of year 8? QUESTION 2 Calculate the amount of interest on an investment of AED 103,971 at 8% simple interest for 5 years. QUESTION 3 If you deposit today $7,335 in an account for 6 years and at the end accumulate $10,885, how much compound interest rate (rate of return) you earned on this investment ? QUESTION 4 You will deposit 12,025 at 10% simple interest rate for 9 years, and then move the amount you would receive to an investment account at 12 % compound rate for another 3 years. How much money would you have at the end of the entire period ?Suppose you deposited $200 at the end of every year for seven years in an account that earned 6% annual effevtive interest. At the end of seven years, how much would the account be worth?8. What is the future value of a 7%, 5-year ordinary annuity that pays $300 each year?
- Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit in an account that earns 12% annual interest to get that money? Check you answer with interest table.3. Jen spends 9000 to buy a 12-payment annuity, which pays K at the end of each month. The nominal annual interest rate for this annuity is 24% compounded monthly. Jen invests each of these payments of K, as she receives them, immedi- ately into a savings account that pays an effective interest of 2% per month. What is the accumulated amount in Jen's savings account at the end of 12 months?Find the value of P for the following cash flow diagram if interest rate is 2 % . 400 200 3 4 (Round your answer to one decimal place).
- 2. If we deposit $12000 at the end of year 0 into the bank with the annual interest rate of 6%. How much money will we have at the end of year 2? Draw the cash flow diagram.f you have only $750 on January 1, 2019, what interest rate, compounded annually for3 years, must you earn to have $1,000 on January 1, 2022?Suppose you are considering working at a local coffee shop 5nights a week. You expect to save $125 a month from the jobafter meeting all your expenses. To be eligible for the job youmust undergo a week’s work training at the coffee shop.Assume the training costs you $100.Suppose you plan to workthe next 9 months there and you can borrow and lend moneyat an annual rate of 6% compounded monthly.What is the net present value of this work to you?