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?
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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? show formula used and systematic solutionCesar Moreno is considering entering into an agreement with BDO bank to deposit P1,000 into a special account at the end of the first year. P1,100 at the end of the second year, etc. increasing by P100 each year. At the end of 15 years, he would be able to withdraw a lump sum of P36,000 at what rate would he earn interest, if the interest was compouded anually?Suat opens a deposit account in a bank by depositing 10,000 TL. In addition, he will deposit 6,000 TL into the account one year later and 4,000 TL the following year. The deposit account is valued at the annual fixed effective interest rate %. Calculate the interest rate, i, if the value of the money in Suat's account is 22,000 TL at the time that Suat deposits 4,000 TL.
- Inez can earn an annual rate of return of 5.3%, compounded semiannually. If she made consecutive semiannual deposits of RM500 each, with the first deposit being made today. How much is the value of the deposits today if the deposits are made at the beginning of the year?Liam loaned an amount of 15,581 and he will pay it with an amount of 25,501 after 9 years. What is the agreed interest rate between Liam and the bank compounded annually in percent?Jean-Rene wants to make a lump-sum deposit today such that at the end of every three months for the next five years he can receive a payment starting at $2,500 and increasing by 1% each time thereafter. At the end of the term, an additional lump-sum payment of $10,000 is required. If the annuity can earn 8.75% compounded semi-annually, what lump sum should he deposit today? Using financial Calculator.
- 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?İhsan wants to pay the 50,000 TL loan he received from the bank in annual installments of 2,500 TL at the end of each year, and if any balance payment remains, he will make the remaining balance after the last installment. If the annual interest rate is 5%, Mr. İhsan, how many payments and what will be the final balance payment.Mr. Ghani wants to deposit his savings of Rs. 50,000 in a bank which offers 8% interest (compounded semi-annually) to withdraw Rs. 2,500 at the end of each six months from the date of deposit. How many withdrawals will he be able to make before the entire amount is exhausted?
- Tess 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?Manuel Rios wishes to determine how long it will take an initial deposit of $10,000 to double. If Manuel earns 10% annual interest on the deposit, how long will it take for him to double his money? How long will it take if he earns only 7% annual interest? c. How long will it take if he can earn 12% annual interest? Reviewing your findings in parts a, b, and c, indicate what relationship exists between the interest rate and the amount of time it will take Manuel to double his money. How do i work this out by hand not through excel?Manuel Rios wishes to determine how long it will take an initial deposit of $10,000 to double. If Manuel earns 10% annual interest on the deposit, how long will it take for him to double his money? How long will it take if he earns only 7% annual interest? c. How long will it take if he can earn 12% annual interest? Reviewing your findings in parts a, b, and c, indicate what relationship exists between the interest rate and the amount of time it will take Manuel to double his money.