1. How much must Ella deposit in a bank that pays 11% compounded quarterly so that she will have Php400,000 after 3 years and 8 months?
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- A mother wishes to have Php800,000 eight years from today for her son’s graduation. How much should she deposit monthly in a bank if it pays interest at 14%, m = 12?Arthur wishes to have 80,000 in her bank account. How much suould she deposit in a bank account that pays 8% compounded quarterly so that after 6 years and 5 months, she can have her desired money? Choices are: 31, 889.7541648, 110.24584 and 50,00012) What annual rate of return would Jia need to earn if she deposits $20,000 per year into an account beginning one year from today in order to have a total of $1,000,000 in 30 years?
- 4. Laura wants to accumulate RM150, 000 in her bank account by depositing RM1000 at the beginning of each month. If interest on the account is 5% compounded monthly, for how long does Laura have to deposit the money?Please help me answer the following time value of money question. If Hollie deposits $5000 in an account that earns 3.5% interest compounded annually, how much will she have in 19 years? What if it is compounded quarterly?Please help me answer the following time value of money question. Suppose Nicole deposits $50,000 in an account that pays 9% compounded annually. How long does it take before her balance is $125,000?
- How much must Queenie deposit in the bank that pays 10% compounded monthly, so she will have Php87,631.82 in 3 years? Php25,380.87 Php118,143.63 Php65,000.00 Php2,834.82A3) Finance Ahmad deposits $1,200 in her bank today. If the bank pays 4 percent simple interest, how much money will she have at the end of five years? What if the bank pays compound interest? How much of the earnings will be interest on interestJohn needs £1,000 in 6 years' time, how much must he deposit into a bank account that pays 6.6388% per annum effective?
- Maria wants to have ₱750,000.00 at the end of 4 years for hergraduation expenses. She plans to deposit a certain amount at the end of each month to achieve this. Her bank pays 15% compounded monthly.a.) What is the monthly rate?b.) How many total deposits?1. Phil Nelson anticipates he will need approximately $227,000 in 11 years to cover his daughter's college bills for a 4-year degree. How much would he have to invest today, at an interest rate of 10 percent compounded semiannually? 2. Jennifer deposited $54,000 at Bank of America at 20% interest compounded quarterly. a) What is the effective rate (APY)? b) What will Jennifer's balance be in a year? a) APY (rounded to nearest tenth) b) Balance in one year 3. Crystal deposited $16,000 in a new savings account at 7% interest compounded semiannually. At the beginning of year 4, Crystal deposits an additional $41,000 at 7% interest compounded semiannually. At the end of 6 years, what is the balance in Crystal's account?Maria wants to have ₱750,000.00 at the end of 4 years for her graduation expenses. She plans to deposit a certain amount at the end of each month to achieve this. Her bank pays 15% compounded monthly. Which of the following refers to the monthly rate? Which of the following refers to the total number of deposits?