Bank deposited 100000 $ on 1st of January 2017. Capitalisation at the end of each month...
Bank deposited 100000 $ on 1st of January 2017. Capitalisation at the end of each month with rate 12% p.a. How much money will you able to withdraw on 16th January 2018 if Bank offers interest for incomplete compounding methods and use 30/360 convention?
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Bank deposited 100000 $ on 1st of January 2017. Capitalisation at the end of each month...
2. Yau deposited $2,000 in his bank account twice: on 1st January 2015 and on 1st...
2. Yau deposited $2,000 in his bank account twice: on 1st January 2015 and on 1st January 2017. There were no other deposits or withdrawals and the amount of money in the account at the end of 31st December 2018 is $7,100. Assume interest is compounded annually. What is the effective rate of interest he earned each year?
2.) If you initial deposit $1500, and $250 is deposited at the end of each month....
2.) If you initial deposit $1500, and $250 is deposited at the end of each month. The interest is at an annual nominal rate of 6% with monthly compounding. How much is on deposit after 2 year?
On January 1st 2015, DL Corp. signed a 5-year $30 million loan contract with Bank of...
On January 1st 2015, DL Corp. signed a 5-year $30 million loan contract with Bank of Fisher with annual interest rate of 8%. The loan will be automatically rolled over unless either party opts out. The corporate tax rate is 35% till the end of 2017. Starting from January 1st 2018, the corporate tax rate is lowered to 21%. Assuming the lending relationship is stable, what is the present value on January 1st 2015 of the tax shield effect from...
Ann deposits $1000 at the end of each month into her bank savings account. The bank...
Ann deposits $1000 at the end of each month into her bank savings account. The bank paid 6% nominal interest, compounded and paid quarterly. No interest was paid on money not in the account for the full 3-month period. How much was in Ann's account at the end of 3 years?
CASELEI 2 Assume that it is now January 1, 2017, and you will need P1,000 on...
CASELEI 2 Assume that it is now January 1, 2017, and you will need P1,000 on January 1, 2020. Your Bank compounds interest at an 8 percent annual rate a. How much must you deposit on January 1, 2018 to have a balance of P1,000 on January 1, 2021? b. If you want to make equal payments on each January 1 from 2018 through 2021 to accumulate the P1,000, how large must each of the payment be? c If your...
E SECTION 5-17 Days In Year 1a. Suppose a company borrowed $1 million at a rate...
E SECTION 5-17 Days In Year 1a. Suppose a company borrowed $1 million at a rate of 9%, simple Interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would the firm have to pay in a 30-day month? Loan Interest rate Days/year Interest pd (days) $1,000,000 9% 360 30 Interest paid 1b. What would the interest be if the bank used a 365-day year? $1,000,000 Loan Interest rate Days/year Interest...
CASELEI 2 Assume that it is now January 1, 2017, and you will need P1,000 on...
CASELEI 2 Assume that it is now January 1, 2017, and you will need P1,000 on January 1, 2020. Your Bank compounds interest at an 8 percent annual rate a. How much must you deposit on January 1, 2018 to have a balance of P1,000 on January 1, 2021? b. If you want to make equal payments on each January 1 from 2018 through 2021 to accumulate the P1,000, how large must each of the payment be? c If your...
Piggy Bank has the following data for the month of January 2018:
Piggy Bank has the following data for the month of January 2018:Interest income, the remaining maturity of the instrumentis 5 years (net of 20% final withholding tax) 80,000Rental (gross of 5% expanded withholding tax) 50,000Net trading gain 10,0001. How much is the gross receipts tax on the collections of Piggy for January 2018?2. Assuming that on December 2017, Piggy Bank sustained a net trading loss of P20,000,compute for the gross receipts tax of Piggy for January 2018.3. Assuming that Piggy...
If you want to have $87654 in the bank at the end of 10 years and you get a 3% interest rate per year. How much money do you need to deposit each month if a) monthly compounding? b) semi-annual compou...
If you want to have $87654 in the bank at the end of 10 years and you get a 3% interest rate per year. How much money do you need to deposit each month if a) monthly compounding? b) semi-annual compounding? c) quarterly compounding? d) daily compounding?
You agree to deposit $500 at the beginning of each month into a bank account for...
You agree to deposit $500 at the beginning of each month into a
bank account for the next 24 months. At the end of the 24th month,
you will have $13,000 in your account. If the bank compounds
interest monthly, what annual interest rate will you have
earned?
Note: Only use the formula listed and show the steps of how you
reached the answer, I don't need to know just the answer, I'm
trying to learn. Thank you. Don't use...
2. Yau deposited $2,000 in his bank account twice: on 1st January 2015 and on 1st January 2017. There were no other deposits or withdrawals and the amount of money in the account at the end of 31st December 2018 is $7,100. Assume interest is compounded annually. What is the effective rate of interest he earned each year?
2.) If you initial deposit $1500, and $250 is deposited at the end of each month. The interest is at an annual nominal rate of 6% with monthly compounding. How much is on deposit after 2 year?
Ann deposits $1000 at the end of each month into her bank savings account. The bank paid 6% nominal interest, compounded and paid quarterly. No interest was paid on money not in the account for the full 3-month period. How much was in Ann's account at the end of 3 years?
CASELEI 2 Assume that it is now January 1, 2017, and you will need P1,000 on January 1, 2020. Your Bank compounds interest at an 8 percent annual rate a. How much must you deposit on January 1, 2018 to have a balance of P1,000 on January 1, 2021? b. If you want to make equal payments on each January 1 from 2018 through 2021 to accumulate the P1,000, how large must each of the payment be? c If your...
E SECTION 5-17 Days In Year 1a. Suppose a company borrowed $1 million at a rate of 9%, simple Interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would the firm have to pay in a 30-day month? Loan Interest rate Days/year Interest pd (days) $1,000,000 9% 360 30 Interest paid 1b. What would the interest be if the bank used a 365-day year? $1,000,000 Loan Interest rate Days/year Interest...
CASELEI 2 Assume that it is now January 1, 2017, and you will need P1,000 on January 1, 2020. Your Bank compounds interest at an 8 percent annual rate a. How much must you deposit on January 1, 2018 to have a balance of P1,000 on January 1, 2021? b. If you want to make equal payments on each January 1 from 2018 through 2021 to accumulate the P1,000, how large must each of the payment be? c If your...
You agree to deposit $500 at the beginning of each month into a
bank account for the next 24 months. At the end of the 24th month,
you will have $13,000 in your account. If the bank compounds
interest monthly, what annual interest rate will you have
earned?
Note: Only use the formula listed and show the steps of how you
reached the answer, I don't need to know just the answer, I'm
trying to learn. Thank you. Don't use...
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