Question

If an investment is made in a banking entity for an initial amount of 822,000.00 colones in 6 quarters, which obtains an annual return of 11%, but after that period it is decided to carry out a new one investment for 350,000.00 colones additional to the total received from the first investment with a new rate of interest, for 1500 days at a rate of 13%. What amount do you receive at the end of the period in its entirety?

128

likes
641 views

Answer to a math question If an investment is made in a banking entity for an initial amount of 822,000.00 colones in 6 quarters, which obtains an annual return of 11%, but after that period it is decided to carry out a new one investment for 350,000.00 colones additional to the total received from the first investment with a new rate of interest, for 1500 days at a rate of 13%. What amount do you receive at the end of the period in its entirety?

Expert avatar
Nash
4.9
87 Answers
1. Calculate the future value of the initial investment after 6 quarters with an annual return of 11%:
- The formula for future value is given by A = P \left(1 + \frac{r}{n}\right)^{nt}
- Here, P = 822,000 \, \text{colones} , r = 0.11 , n = 4 (since interest is quarterly), and t = 1.5 years (since 6 quarters = 1.5 years).
- Substitute the values:
A_1 = 822,000 \left(1 + \frac{0.11}{4}\right)^{4 \times 1.5}
A_1 = 822,000 \left(1 + 0.0275\right)^{6}
A_1 = 822,000 \times 1.171958
A_1 = 963,647.076

2. Calculate the future value of the new investment (initial total from step 1 + additional investment) after 1500 days at a rate of 13%:
- Convert 1500 days to years: t = \frac{1500}{365} years.
- Additional investment: 350,000 colones.
- New principal P_2 = A_1 + 350,000
P_2 = 963,647.076 + 350,000
P_2 = 1,313,647.076 colones.
- Annual interest rate r = 0.13 .
- Substitute the values in the future value formula:
A_2 = P_2 \left(1 + r\right)^t
A_2 = 1,313,647.076 \left(1 + 0.13\right)^{\frac{1500}{365}}
A_2 = 1,313,647.076 \times 1.529152
A_2 = 2,297,473.701

3. The total amount received at the end of the period is 2,297,473.701 colones.

Frequently asked questions (FAQs)
What is the value of (15 + 12) * 6 / 3 + 9?
+
What is the measure of an angle in degrees if it measures Ο€/4 radians?
+
Math question: In triangle ABC, if angle A is congruent to angle B and side AC is congruent to side BC, what is the relationship between angles B and C?
+
New questions in Mathematics
A normal random variable x has a mean of 50 and a standard deviation of 10. Would it be unusual to see the value x = 0? Explain your answer.
10.Silvana must knit a blanket in 9 days. Knitting 8 hours a day, at the end of the fifth day, only 2/5 of the blanket was done. To be able to finish on time, how many hours will Silvana have to knit per day?
30. In 8 s, a car that starts from rest and moves with uniformly accelerated motion has achieved a speed of 72m/s. How much space must it travel to reach a speed of 90m/s? Sunshine: 450 m
Reparameterize the curve r(t)= cos(t)i without (t)j (t)k by the arc length.
The average number of babies born at a hospital is 6 per hour. What is the probability that three babies are born during a particular 1 hour period?
I want you to solve this problem as a grade sixth pupil in primary school: 8 Pigs ate 6 bags of fee in 20 days. How long will it take 10 pigs to eat 15 bags of feed eating at the same rate?
Suppose that you use 4.29 g of Iron in the chemical reaction: 2Fe(s) + 3 Cu2 + (aq) 2Fe 3 + (aq) + 3Cu(s ) - . What is the theoretical yield of Cu (s), in grams?
If A and B are any events, the property that is not always true is: a) 0 ≀ 𝑃(𝐴 ∩ 𝐡) ≀ 1 b) 𝑃(Ξ©) = 1 c) 𝑃(𝐡) = 1 βˆ’ 𝑃(𝐡𝑐) d) 𝑃(βˆ…) = 0 e) 𝑃(𝐴 βˆͺ 𝐡) = 𝑃(𝐴) + 𝑃(𝐡)
User Before the election, a poll of 60 voters found the proportion who support the Green candidate to be 25%. Calculate the 90% confidence interval for the population parameter. (Give your answers as a PERCENTAGE rounded to TWO DECIMAL PLACES: exclude any trailing zeros and DO NOT INSERT THE % SIGN) Give the lower limit of the 90% confidence interval Give the upper limit of the 90% confidence interval
Two minus log 3X equals log (X over 12)
A hardware bill totals $857.63 with discounts of 5% and 3%. What is the net cost of the Material ?
nI Exercises 65-68, the latitudes of a pair of cities are given. Assume that one city si directly south of the other and that the earth is a perfect sphere of radius 4000 miles. Use the arc length formula in terms of degrees to find the distance between the two cities. 65. The North Pole: latitude 90Β° north Springfield, Illinois: latitude 40Β° north
To find the increased amount on a standard term deposit with the following conditions: starting amount: BGN 13000, type of deposit: annual, annual compound interest rate: 1.4%, after 4 years;
The annual real property tax liability for a residential property is $4302 and has been paid by the seller in advance of closing. Using the 30-day month/260-day year method what will be the tax proration entry on the settlement statement round to the nearest dollar for a closing on Oct. 26 if the buyer owns the day of closing? a. $3525 credit to the buyer and $777 debit to the seller b. $777 debit to the buyer and $3525 debit to the seller c. $777 credit to the buyer and $777 debit to the seller d. $3525 debit to the buyer and $3525 credit to the seller *Can anyone help with this? I am studying for my real estate exam and am having trouble with some of the calculations :)
Consider the function f(x)=1/2(x+1)^2-3. Use the preceding/following interval method to estimate the instantaneous rate of change at π‘₯ = 1.
1. The cost to transport 250 packages of cement 120 kilometers is $600. What will be the cost to transport 500 packages 300 kilometers?
9n + 7(-8 + 4k) use k=2 and n=3
5a-3.(a-7)=-3
2p-6=8+5(p+9)
To apply a diagnostic test, in how many ways can 14 students be chosen out of 25? if the order does not matter