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How much do eight ₱ 76,990 quarterly payments amount at present, if the interest rate is 3 compounded quarterly?
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- What amount a man deposit each year so that he can withdraw P 50 000 at the end of ten years. If the interest rate is 6% compounded continuously?Rafael invested $2,000 in a business that yields an annual interest rate of 10% compounded continuously. How much would he get. approximately at the end of 5 years from his investment?You invest 10,000 pesos for 3 years and get 10% interest compounded at the end of each year. What is the compound interest?
- Chris makes a deposit of $500 into his savings account at the beginning of each year for the next 20 years. If the account earns 5% interest rate per year compounded annually, what will be the future value at the end of 20 years?Need to calculate.How much will a bank deposit of $2,000 that pays 10% compound interest be worth at the end of 3 years?What effective annual interest rate corresponds to the following situations? nominal interest rate of 5% compounded semi annually b. nominal interest rate of 6% compounded monthly а.
- What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 7 years and a quarterly payments $2,000 of the next 7 years if the interest rate is 8% compounded bimonthly?How much would have to be deposited today if you wish to have an account balance of at least $10,000 after 5 years if the account earns 8.0% interest compounded annually? Be sure to include a cash flow diagram.If $2000 is invested at 7% interest compounded continuously, calculate itsvalue after 3 years.
- 14. What is the nominal value of the interest compounded continuously for a period of 3years if the value of the uniform series present worth factor is 2.038?How much money would you need to deposit today at 8% interest compounded quarterly to have $15,000 in the account after 8 semi annuals?Mr. Bill deposited 100,000 pesos in bank account earning interest at the rate of 10% compounded quarterly, what will it become at the end of 10 years?