Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / For the following financial calculations, write the factors (multipliers) that should be used, in (i) using the parameter values, and in (ii) calculate the result by showing your computations
For the following financial calculations, write the factors (multipliers) that should be used, in (i) using the parameter values, and in (ii) calculate the result by showing your computations. Use the factor tables for your calculations (The use of formulas will not be accepted). Write the results you find in the spaces left. EXAMPLE: If you deposit $ 100 to a bank account that earns 8% annual interest, how much money will you have in this account after five years? (i)(F/P, 8%, 5) (ii)146,93 100 * (F/P, 8%, 5) = 100 * 1,4693 = 146,93 TL a. Suppose that you are making equivalent payments for 12 years at 7% interest rate annually. This payment series is equivalent to a payment series of $ 35 000 at the end of the first year, decreasing by $2000 each year over 12 years. What is your yearly payment amount? (i). (ii). b. You desire to accumulate $21000 after 8 years from now. To collect the money, part of your annual revenue is deposited to the savings account at the end of each year. To help you, if you guarantee to deposit every year, the bank now gives you promotion 16% of your goal. If 6% interest is applied, how large must your annual deposits? (i) (ii)
Already member? Sign In
